Can I retire at age 69 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$66,972$66,375$65,793$65,225$64,670$62,650
2 years$33,154$32,537$31,938$31,358$30,795$28,778
3 years$21,883$21,263$20,666$20,091$19,538$17,587
4 years$16,249$15,631$15,040$14,475$13,935$12,065
5 years$12,869$12,255$11,671$11,118$10,593$8,809
6 years$10,617$10,007$9,432$8,891$8,382$6,686
7 years$9,008$8,404$7,838$7,310$6,817$5,208
8 years$7,803$7,204$6,647$6,132$5,655$4,133
9 years$6,866$6,272$5,725$5,223$4,762$3,325
10 years$6,116$5,528$4,992$4,502$4,058$2,703
11 years$5,504$4,922$4,395$3,918$3,490$2,215
12 years$4,993$4,417$3,900$3,437$3,024$1,827
13 years$4,562$3,992$3,484$3,034$2,637$1,515
14 years$4,193$3,629$3,131$2,694$2,312$1,261
15 years$3,873$3,315$2,827$2,402$2,035$1,054
16 years$3,593$3,041$2,563$2,151$1,799$883
17 years$3,347$2,801$2,332$1,933$1,595$741
18 years$3,128$2,588$2,129$1,742$1,418$623
19 years$2,932$2,399$1,949$1,574$1,264$525
20 years$2,756$2,229$1,789$1,425$1,129$443
21 years$2,597$2,076$1,645$1,294$1,010$374
22 years$2,453$1,938$1,516$1,176$906$316
23 years$2,322$1,813$1,400$1,071$813$268
24 years$2,201$1,698$1,295$977$731$226
25 years$2,091$1,594$1,199$892$658$192
26 years$1,989$1,498$1,112$816$592$163
27 years$1,895$1,410$1,033$747$534$138
28 years$1,808$1,328$960$684$482$117
29 years$1,726$1,253$893$627$435$99
30 years$1,651$1,183$832$576$393$84
31 years$1,580$1,119$776$529$355$71
32 years$1,514$1,059$724$486$322$61
33 years$1,452$1,003$676$447$291$51
34 years$1,394$950$632$411$263$44
35 years$1,340$901$590$379$239$37
36 years$1,288$855$552$349$216$31
37 years$1,239$812$517$321$196$27
38 years$1,193$772$484$296$178$23
39 years$1,150$734$454$273$161$19
40 years$1,109$698$425$252$146$16
41 years$1,070$665$399$232$133$14
42 years$1,033$633$374$214$120$12
43 years$997$603$351$198$109$10
44 years$964$575$329$183$99$9
45 years$932$548$309$169$90$7
46 years$901$523$290$156$82$6
47 years$872$499$273$144$74$5
48 years$844$477$256$133$67$4
49 years$817$455$241$123$61$4
50 years$792$435$227$114$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $811,000, adding $2,976 every year, while hoping to spend $55,781 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: 73/15/12 Blend
68$811,000$811,000$811,000$811,000
69$896,792$853,809$841,238$959,847
70$928,914$836,295$810,069$984,424
71$962,443$816,053$775,986$1,004,145
72$997,464$792,891$738,833$1,024,231
73$1,034,067$766,605$698,447$1,044,703
74$1,072,353$736,979$654,655$1,065,586
75$1,112,427$703,785$607,280$1,086,907
76$1,154,405$666,782$556,135$1,108,698
77$1,198,413$625,713$501,024$1,130,998
78$1,244,587$580,309$441,745$1,153,846
79$1,293,075$530,284$378,083$1,177,292
80$1,344,038$475,337$309,817$1,201,389
81$1,397,649$415,147$236,716$1,226,199
82$1,454,099$349,379$158,535$1,251,791
83$1,513,594$277,676$75,023$1,278,246
84$1,576,360$199,661$0$1,305,652
85$1,642,642$114,938$0$1,335,916
86$1,712,707$23,086$0$1,377,714
87$1,786,849$0$0$1,421,596
88$1,865,385$0$0$1,480,346
89$1,948,665$0$0$1,546,703
90$2,037,070$0$0$1,617,161
91$2,131,015$0$0$1,692,057
92$2,230,957$0$0$1,771,755
93$2,337,394$0$0$1,856,656
94$2,450,873$0$0$1,947,199
95$2,571,991$0$0$2,043,864
96$2,701,403$0$0$2,147,178
97$2,839,829$0$0$2,257,717
98$2,988,054$0$0$2,376,113
99$3,146,943$0$0$2,503,062
100$3,317,444$0$0$2,639,324