Can I retire at age 69 with 813,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$67,137$66,539$65,955$65,386$64,830$63,625
2 years$33,236$32,617$32,017$31,435$30,871$29,662
3 years$21,937$21,316$20,717$20,141$19,586$18,410
4 years$16,289$15,669$15,077$14,510$13,969$12,835
5 years$12,901$12,285$11,700$11,145$10,619$9,530
6 years$10,643$10,032$9,456$8,913$8,402$7,361
7 years$9,031$8,424$7,858$7,328$6,833$5,839
8 years$7,822$7,221$6,664$6,147$5,669$4,721
9 years$6,883$6,287$5,740$5,236$4,774$3,872
10 years$6,131$5,542$5,004$4,514$4,068$3,211
11 years$5,517$4,934$4,405$3,928$3,498$2,686
12 years$5,006$4,428$3,910$3,446$3,032$2,262
13 years$4,573$4,002$3,493$3,042$2,644$1,916
14 years$4,203$3,638$3,138$2,700$2,317$1,631
15 years$3,882$3,323$2,834$2,408$2,040$1,393
16 years$3,602$3,049$2,569$2,156$1,803$1,194
17 years$3,355$2,808$2,338$1,937$1,599$1,026
18 years$3,135$2,595$2,134$1,746$1,422$884
19 years$2,939$2,405$1,954$1,578$1,267$762
20 years$2,763$2,234$1,793$1,429$1,132$659
21 years$2,604$2,081$1,649$1,297$1,013$570
22 years$2,459$1,943$1,520$1,179$908$494
23 years$2,328$1,817$1,403$1,074$815$429
24 years$2,207$1,703$1,298$979$733$372
25 years$2,096$1,598$1,202$894$659$323
26 years$1,994$1,502$1,115$818$594$281
27 years$1,900$1,413$1,035$749$535$245
28 years$1,812$1,332$962$686$483$213
29 years$1,731$1,256$896$629$436$185
30 years$1,655$1,186$834$577$394$162
31 years$1,584$1,122$778$530$356$141
32 years$1,518$1,061$726$487$322$123
33 years$1,456$1,005$678$448$292$107
34 years$1,398$952$633$412$264$93
35 years$1,343$903$592$379$239$81
36 years$1,291$857$554$349$217$71
37 years$1,242$814$518$322$196$62
38 years$1,196$774$485$297$178$54
39 years$1,153$736$455$274$161$47
40 years$1,111$700$426$252$146$41
41 years$1,072$667$400$233$133$36
42 years$1,035$635$375$215$121$31
43 years$1,000$605$352$198$109$27
44 years$966$577$330$183$99$24
45 years$934$550$310$169$90$21
46 years$903$524$291$156$82$18
47 years$874$500$274$144$74$16
48 years$846$478$257$133$68$14
49 years$819$456$242$123$61$12
50 years$794$436$227$114$56$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $813,000, adding $3,877 every year, while hoping to spend $42,765 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: 52/36/12 Blend
68$813,000$813,000$813,000$813,000
69$899,925$856,836$844,235$943,672
70$946,216$853,319$827,015$970,432
71$995,795$848,197$807,785$994,631
72$1,048,953$841,345$786,432$1,019,967
73$1,106,007$832,633$762,839$1,046,560
74$1,167,309$821,921$736,883$1,074,541
75$1,233,240$809,061$708,435$1,104,059
76$1,304,223$793,897$677,359$1,135,279
77$1,380,719$776,263$643,517$1,168,388
78$1,463,238$755,985$606,759$1,203,590
79$1,552,336$732,877$566,934$1,241,119
80$1,648,627$706,741$523,879$1,281,229
81$1,752,786$677,370$477,428$1,324,210
82$1,865,553$644,544$427,405$1,370,380
83$1,987,743$608,029$373,626$1,420,096
84$2,120,250$567,581$315,900$1,473,755
85$2,264,061$522,938$254,029$1,531,797
86$2,420,259$473,825$187,802$1,594,714
87$2,590,034$419,951$117,002$1,663,053
88$2,774,698$361,010$41,402$1,737,420
89$2,975,693$296,675$0$1,818,489
90$3,194,606$226,604$0$1,912,039
91$3,433,183$150,434$0$2,019,857
92$3,693,345$67,783$0$2,137,592
93$3,977,208$0$0$2,266,305
94$4,287,100$0$0$2,415,784
95$4,625,584$0$0$2,608,461
96$4,995,481$0$0$2,819,098
97$5,399,898$0$0$3,049,474
98$5,842,254$0$0$3,301,548
99$6,326,314$0$0$3,577,476
100$6,856,225$0$0$3,879,631