Can I retire at age 69 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$66,559$65,966$65,387$64,823$64,272$62,540
2 years$32,950$32,336$31,741$31,165$30,606$28,874
3 years$21,748$21,132$20,539$19,968$19,417$17,739
4 years$16,149$15,534$14,947$14,386$13,849$12,237
5 years$12,790$12,179$11,599$11,049$10,528$8,987
6 years$10,551$9,945$9,374$8,836$8,330$6,862
7 years$8,953$8,352$7,790$7,265$6,775$5,379
8 years$7,755$7,159$6,606$6,094$5,620$4,296
9 years$6,823$6,233$5,690$5,191$4,733$3,479
10 years$6,079$5,494$4,961$4,475$4,033$2,848
11 years$5,470$4,891$4,367$3,894$3,468$2,351
12 years$4,963$4,390$3,876$3,416$3,006$1,953
13 years$4,534$3,967$3,463$3,016$2,621$1,631
14 years$4,167$3,606$3,111$2,677$2,297$1,369
15 years$3,849$3,294$2,809$2,387$2,023$1,152
16 years$3,571$3,023$2,547$2,138$1,788$973
17 years$3,326$2,784$2,318$1,921$1,585$823
18 years$3,108$2,572$2,116$1,731$1,409$698
19 years$2,914$2,384$1,937$1,564$1,256$593
20 years$2,739$2,215$1,778$1,417$1,122$505
21 years$2,581$2,063$1,635$1,286$1,004$430
22 years$2,438$1,926$1,507$1,169$900$366
23 years$2,307$1,801$1,391$1,065$808$313
24 years$2,188$1,688$1,287$971$726$267
25 years$2,078$1,584$1,192$887$654$228
26 years$1,977$1,489$1,105$811$589$195
27 years$1,883$1,401$1,026$742$531$167
28 years$1,796$1,320$954$680$479$143
29 years$1,716$1,245$888$624$432$122
30 years$1,641$1,176$827$572$391$105
31 years$1,571$1,112$771$526$353$90
32 years$1,505$1,052$719$483$320$77
33 years$1,443$996$672$444$289$66
34 years$1,386$944$628$409$262$56
35 years$1,331$896$587$376$237$48
36 years$1,280$850$549$346$215$41
37 years$1,232$807$514$319$195$35
38 years$1,186$767$481$294$177$30
39 years$1,143$730$451$271$160$26
40 years$1,102$694$423$250$145$22
41 years$1,063$661$396$231$132$19
42 years$1,026$629$372$213$120$16
43 years$991$600$349$197$108$14
44 years$958$572$327$182$98$12
45 years$926$545$307$168$89$10
46 years$895$520$289$155$81$9
47 years$866$496$271$143$74$8
48 years$839$474$255$132$67$7
49 years$812$452$240$122$61$6
50 years$787$432$225$113$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $806,000, adding $4,992 every year, while hoping to spend $57,135 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: 51/42/7 Blend
68$806,000$806,000$806,000$806,000
69$893,361$850,643$838,150$937,113
70$923,693$831,534$805,437$948,316
71$955,203$809,573$769,713$953,909
72$987,953$784,560$730,817$958,629
73$1,022,005$756,285$688,581$962,407
74$1,057,429$724,522$642,828$965,170
75$1,094,299$689,036$593,374$966,841
76$1,132,693$649,574$540,028$967,341
77$1,172,696$605,872$482,588$966,587
78$1,214,401$557,650$420,844$964,492
79$1,257,906$504,610$354,578$960,964
80$1,303,316$446,440$283,560$955,909
81$1,350,747$382,808$207,552$949,228
82$1,400,323$313,365$126,305$940,820
83$1,452,177$237,741$39,557$930,577
84$1,506,454$155,546$0$918,390
85$1,563,312$66,367$0$908,104
86$1,622,920$0$0$899,054
87$1,685,462$0$0$902,153
88$1,751,139$0$0$937,644
89$1,820,169$0$0$974,975
90$1,892,788$0$0$1,014,276
91$1,969,254$0$0$1,055,692
92$2,049,846$0$0$1,099,378
93$2,134,870$0$0$1,145,504
94$2,224,658$0$0$1,194,255
95$2,319,574$0$0$1,245,834
96$2,420,014$0$0$1,300,462
97$2,526,409$0$0$1,358,380
98$2,639,232$0$0$1,419,851
99$2,759,000$0$0$1,485,164
100$2,886,278$0$0$1,554,635