Can I retire at age 69 with 814,000?

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 $814,000?

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 years$67,219$66,621$66,036$65,466$64,910$63,573
2 years$33,277$32,657$32,057$31,474$30,909$29,569
3 years$21,964$21,342$20,743$20,166$19,610$18,308
4 years$16,309$15,688$15,095$14,528$13,986$12,731
5 years$12,917$12,300$11,715$11,159$10,632$9,429
6 years$10,656$10,044$9,467$8,924$8,413$7,262
7 years$9,042$8,435$7,867$7,337$6,842$5,744
8 years$7,832$7,230$6,672$6,155$5,676$4,631
9 years$6,891$6,295$5,747$5,243$4,780$3,787
10 years$6,139$5,549$5,010$4,519$4,073$3,131
11 years$5,524$4,940$4,411$3,933$3,503$2,611
12 years$5,012$4,434$3,914$3,450$3,035$2,192
13 years$4,579$4,007$3,497$3,046$2,647$1,851
14 years$4,208$3,642$3,142$2,704$2,320$1,570
15 years$3,887$3,327$2,837$2,411$2,043$1,336
16 years$3,606$3,053$2,572$2,159$1,806$1,141
17 years$3,359$2,811$2,341$1,940$1,601$977
18 years$3,139$2,598$2,137$1,748$1,423$838
19 years$2,943$2,408$1,956$1,580$1,269$721
20 years$2,767$2,237$1,795$1,431$1,133$621
21 years$2,607$2,084$1,651$1,298$1,014$535
22 years$2,462$1,945$1,522$1,180$909$462
23 years$2,330$1,819$1,405$1,075$816$399
24 years$2,210$1,705$1,300$981$733$345
25 years$2,099$1,600$1,204$895$660$299
26 years$1,996$1,503$1,116$819$595$259
27 years$1,902$1,415$1,037$749$536$224
28 years$1,814$1,333$964$687$484$194
29 years$1,733$1,258$897$630$437$169
30 years$1,657$1,188$835$578$395$146
31 years$1,586$1,123$779$531$357$127
32 years$1,520$1,063$727$488$323$110
33 years$1,458$1,006$678$449$292$96
34 years$1,399$954$634$413$264$83
35 years$1,345$905$593$380$239$72
36 years$1,293$859$554$350$217$63
37 years$1,244$815$519$322$197$54
38 years$1,198$775$486$297$178$47
39 years$1,154$737$455$274$162$41
40 years$1,113$701$427$253$147$36
41 years$1,074$667$400$233$133$31
42 years$1,036$636$375$215$121$27
43 years$1,001$606$352$199$110$23
44 years$967$577$331$183$99$20
45 years$935$550$310$169$90$18
46 years$904$525$292$156$82$15
47 years$875$501$274$145$74$13
48 years$847$478$257$134$68$12
49 years$820$457$242$123$61$10
50 years$795$436$227$114$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $814,000, adding $3,450 every year, while hoping to spend $27,736 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: 67/22/11 Blend
68$814,000$814,000$814,000$814,000
69$900,587$857,445$844,828$958,570
70$962,936$869,949$843,619$1,010,091
71$1,030,715$882,136$841,439$1,062,777
72$1,104,448$893,961$838,228$1,119,660
73$1,184,713$905,377$833,920$1,181,150
74$1,272,145$916,331$828,448$1,247,695
75$1,367,443$926,770$821,740$1,319,791
76$1,471,376$936,636$813,722$1,397,984
77$1,584,790$945,865$804,315$1,482,875
78$1,708,617$954,391$793,438$1,575,129
79$1,843,884$962,143$781,006$1,675,475
80$1,991,718$969,047$766,928$1,784,722
81$2,153,364$975,021$751,111$1,903,757
82$2,330,191$979,980$733,456$2,033,561
83$2,523,705$983,834$713,862$2,175,214
84$2,735,566$986,485$692,220$2,329,906
85$2,967,602$987,831$668,417$2,498,951
86$3,221,826$987,763$642,337$2,683,796
87$3,500,453$986,164$613,857$2,886,038
88$3,805,926$982,913$582,847$3,107,435
89$4,140,932$977,877$549,175$3,349,928
90$4,508,433$970,919$512,698$3,615,655
91$4,911,690$961,892$473,271$3,906,973
92$5,354,297$950,639$430,740$4,226,483
93$5,840,211$936,995$384,945$4,577,050
94$6,373,790$920,786$335,719$4,961,834
95$6,959,838$901,826$282,887$5,384,317
96$7,603,645$879,919$226,266$5,848,339
97$8,311,037$854,855$165,667$6,358,134
98$9,088,437$826,417$100,890$6,918,370
99$9,942,915$794,369$31,728$7,534,190
100$10,882,265$758,466$0$8,211,268