Can I retire at age 69 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$66,641$66,048$65,469$64,903$64,351$63,001
2 years$32,991$32,376$31,781$31,203$30,643$29,289
3 years$21,775$21,158$20,564$19,992$19,441$18,125
4 years$16,169$15,554$14,966$14,403$13,866$12,598
5 years$12,806$12,194$11,614$11,063$10,541$9,325
6 years$10,564$9,957$9,386$8,847$8,340$7,179
7 years$8,964$8,362$7,800$7,274$6,783$5,675
8 years$7,764$7,168$6,615$6,102$5,627$4,573
9 years$6,832$6,241$5,697$5,197$4,739$3,737
10 years$6,086$5,501$4,967$4,480$4,038$3,088
11 years$5,476$4,897$4,373$3,899$3,473$2,573
12 years$4,969$4,396$3,881$3,420$3,009$2,159
13 years$4,539$3,972$3,467$3,019$2,624$1,821
14 years$4,172$3,611$3,115$2,680$2,300$1,544
15 years$3,854$3,298$2,813$2,390$2,025$1,313
16 years$3,575$3,026$2,550$2,140$1,790$1,121
17 years$3,330$2,787$2,321$1,923$1,587$959
18 years$3,112$2,575$2,118$1,733$1,411$822
19 years$2,918$2,387$1,939$1,566$1,258$706
20 years$2,743$2,218$1,780$1,418$1,124$608
21 years$2,585$2,066$1,637$1,287$1,005$524
22 years$2,441$1,929$1,509$1,170$901$452
23 years$2,310$1,804$1,393$1,066$809$390
24 years$2,191$1,690$1,288$972$727$337
25 years$2,081$1,586$1,193$888$654$291
26 years$1,979$1,491$1,107$812$589$252
27 years$1,885$1,403$1,028$743$531$218
28 years$1,799$1,322$955$681$479$189
29 years$1,718$1,247$889$624$433$164
30 years$1,643$1,178$828$573$391$142
31 years$1,572$1,113$772$526$354$123
32 years$1,507$1,053$720$484$320$107
33 years$1,445$998$673$445$290$93
34 years$1,387$945$628$409$262$80
35 years$1,333$897$588$377$237$70
36 years$1,282$851$550$347$215$61
37 years$1,233$808$514$320$195$53
38 years$1,188$768$482$295$177$46
39 years$1,144$731$451$272$160$40
40 years$1,103$695$423$251$145$34
41 years$1,064$662$397$231$132$30
42 years$1,027$630$372$213$120$26
43 years$992$600$349$197$109$23
44 years$959$572$328$182$99$20
45 years$927$546$308$168$90$17
46 years$897$521$289$155$81$15
47 years$868$497$272$143$74$13
48 years$840$474$255$132$67$11
49 years$813$453$240$122$61$10
50 years$788$433$225$113$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $807,000, adding $2,866 every year, while hoping to spend $59,625 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: 76/11/13 Blend
68$807,000$807,000$807,000$807,000
69$892,270$849,499$836,991$957,514
70$919,841$827,684$801,589$979,126
71$948,226$802,802$763,004$995,018
72$977,445$774,639$721,064$1,010,784
73$1,007,518$742,970$675,593$1,026,393
74$1,038,465$707,555$626,406$1,041,808
75$1,070,306$668,144$573,308$1,056,992
76$1,103,062$624,467$516,099$1,071,903
77$1,136,752$576,243$454,565$1,086,496
78$1,171,395$523,173$388,488$1,100,726
79$1,207,010$464,942$317,635$1,114,539
80$1,243,617$401,216$241,767$1,127,882
81$1,281,232$331,642$160,633$1,140,694
82$1,319,873$255,848$73,970$1,152,913
83$1,359,556$173,440$0$1,164,469
84$1,400,296$84,004$0$1,177,858
85$1,442,107$0$0$1,201,548
86$1,485,000$0$0$1,226,787
87$1,528,986$0$0$1,263,093
88$1,574,073$0$0$1,300,304
89$1,620,267$0$0$1,338,424
90$1,667,569$0$0$1,377,456
91$1,715,981$0$0$1,417,398
92$1,765,498$0$0$1,458,246
93$1,816,111$0$0$1,499,994
94$1,867,809$0$0$1,542,629
95$1,920,574$0$0$1,586,137
96$1,974,382$0$0$1,630,497
97$2,029,201$0$0$1,675,683
98$2,084,996$0$0$1,721,662
99$2,141,720$0$0$1,768,395
100$2,199,317$0$0$1,815,835