Can I retire at age 69 with 805,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$66,476$65,884$65,306$64,742$64,192$63,285
2 years$32,909$32,296$31,702$31,126$30,568$29,655
3 years$21,721$21,106$20,513$19,943$19,393$18,505
4 years$16,129$15,515$14,928$14,368$13,831$12,973
5 years$12,774$12,164$11,585$11,036$10,514$9,689
6 years$10,538$9,933$9,362$8,825$8,320$7,527
7 years$8,942$8,342$7,780$7,256$6,766$6,008
8 years$7,745$7,150$6,598$6,087$5,613$4,889
9 years$6,815$6,226$5,683$5,185$4,727$4,036
10 years$6,071$5,488$4,955$4,469$4,028$3,370
11 years$5,463$4,885$4,362$3,889$3,464$2,838
12 years$4,956$4,385$3,871$3,412$3,002$2,408
13 years$4,528$3,963$3,459$3,012$2,618$2,054
14 years$4,162$3,602$3,108$2,674$2,295$1,761
15 years$3,844$3,290$2,806$2,384$2,020$1,516
16 years$3,566$3,019$2,544$2,135$1,786$1,309
17 years$3,322$2,780$2,315$1,918$1,583$1,134
18 years$3,105$2,569$2,113$1,729$1,408$984
19 years$2,910$2,381$1,934$1,562$1,255$856
20 years$2,736$2,213$1,775$1,415$1,121$746
21 years$2,578$2,061$1,633$1,284$1,003$651
22 years$2,435$1,924$1,505$1,167$899$569
23 years$2,305$1,799$1,390$1,063$807$498
24 years$2,185$1,686$1,285$970$725$436
25 years$2,075$1,582$1,190$886$653$382
26 years$1,974$1,487$1,104$810$588$335
27 years$1,881$1,399$1,025$741$530$294
28 years$1,794$1,319$953$679$478$258
29 years$1,714$1,244$887$623$432$227
30 years$1,639$1,175$826$572$390$200
31 years$1,569$1,110$770$525$353$176
32 years$1,503$1,051$719$482$319$154
33 years$1,442$995$671$444$289$136
34 years$1,384$943$627$408$261$120
35 years$1,330$895$586$376$237$105
36 years$1,279$849$548$346$215$93
37 years$1,230$806$513$319$194$82
38 years$1,185$766$481$294$176$72
39 years$1,141$729$450$271$160$63
40 years$1,101$693$422$250$145$56
41 years$1,062$660$396$231$132$49
42 years$1,025$629$371$213$119$43
43 years$990$599$348$196$108$38
44 years$956$571$327$181$98$34
45 years$925$544$307$168$89$30
46 years$894$519$288$155$81$26
47 years$865$496$271$143$74$23
48 years$838$473$255$132$67$20
49 years$811$452$239$122$61$18
50 years$786$432$225$113$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $805,000, adding $5,157 every year, while hoping to spend $27,750 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 48/36/16 Blend
68$805,000$805,000$805,000$805,000
69$892,429$849,764$837,287$931,036
70$953,931$861,877$835,810$970,405
71$1,020,777$873,653$833,354$1,009,871
72$1,093,481$885,047$829,856$1,052,122
73$1,172,611$896,010$825,252$1,097,429
74$1,258,792$906,489$819,472$1,146,090
75$1,352,710$916,428$812,446$1,198,436
76$1,455,122$925,768$804,098$1,254,833
77$1,566,859$934,446$794,351$1,315,684
78$1,688,839$942,394$783,121$1,381,434
79$1,822,068$949,539$770,323$1,452,574
80$1,967,657$955,804$755,867$1,529,649
81$2,126,828$961,109$739,659$1,613,259
82$2,300,926$965,365$721,599$1,704,065
83$2,491,433$968,480$701,585$1,802,799
84$2,699,979$970,356$679,508$1,910,270
85$2,928,362$970,888$655,257$2,027,369
86$3,178,559$969,965$628,711$2,155,081
87$3,452,748$967,469$599,749$2,294,495
88$3,753,328$963,275$568,241$2,446,809
89$4,082,942$957,251$534,052$2,613,350
90$4,444,501$949,254$497,041$2,795,581
91$4,841,209$939,137$457,061$2,995,116
92$5,276,597$926,739$413,957$3,213,738
93$5,754,555$911,894$367,570$3,453,414
94$6,279,366$894,424$317,730$3,716,316
95$6,855,751$874,140$264,263$4,004,840
96$7,488,907$850,842$206,985$4,321,630
97$8,184,562$824,320$145,706$4,669,605
98$8,949,025$794,349$80,225$5,051,983
99$9,789,246$760,694$10,334$5,472,320
100$10,712,885$723,103$0$5,934,534