Can I retire at age 69 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$67,385$66,784$66,199$65,627$65,069$64,795
2 years$33,359$32,737$32,135$31,551$30,985$30,708
3 years$22,018$21,394$20,794$20,215$19,658$19,387
4 years$16,349$15,727$15,132$14,564$14,020$13,758
5 years$12,949$12,330$11,743$11,187$10,658$10,404
6 years$10,682$10,069$9,490$8,946$8,433$8,189
7 years$9,064$8,456$7,887$7,355$6,859$6,623
8 years$7,851$7,248$6,688$6,170$5,690$5,464
9 years$6,908$6,311$5,761$5,255$4,792$4,575
10 years$6,154$5,563$5,022$4,530$4,083$3,875
11 years$5,538$4,952$4,422$3,943$3,511$3,312
12 years$5,024$4,445$3,924$3,458$3,043$2,853
13 years$4,590$4,017$3,506$3,053$2,653$2,472
14 years$4,218$3,651$3,150$2,710$2,326$2,153
15 years$3,897$3,335$2,844$2,417$2,048$1,883
16 years$3,615$3,060$2,579$2,164$1,810$1,653
17 years$3,367$2,818$2,346$1,944$1,605$1,456
18 years$3,147$2,604$2,142$1,752$1,427$1,286
19 years$2,950$2,413$1,961$1,583$1,272$1,138
20 years$2,773$2,243$1,800$1,434$1,136$1,009
21 years$2,613$2,089$1,655$1,302$1,017$897
22 years$2,468$1,950$1,526$1,183$911$798
23 years$2,336$1,824$1,409$1,078$818$711
24 years$2,215$1,709$1,303$983$735$634
25 years$2,104$1,604$1,207$898$662$566
26 years$2,001$1,507$1,119$821$596$506
27 years$1,907$1,418$1,039$751$537$453
28 years$1,819$1,337$966$688$485$405
29 years$1,737$1,261$899$631$438$363
30 years$1,661$1,191$837$579$396$326
31 years$1,590$1,126$781$532$358$292
32 years$1,524$1,065$728$489$324$262
33 years$1,461$1,009$680$450$293$235
34 years$1,403$956$635$414$265$211
35 years$1,348$907$594$381$240$190
36 years$1,296$861$556$351$218$170
37 years$1,247$817$520$323$197$153
38 years$1,201$777$487$298$179$138
39 years$1,157$739$456$275$162$124
40 years$1,116$703$428$253$147$111
41 years$1,076$669$401$234$133$100
42 years$1,039$637$376$216$121$90
43 years$1,003$607$353$199$110$81
44 years$970$579$331$184$100$73
45 years$937$552$311$170$91$66
46 years$907$526$292$157$82$59
47 years$877$502$275$145$75$53
48 years$849$480$258$134$68$48
49 years$822$458$243$124$62$43
50 years$797$437$228$114$56$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $816,000, adding $4,504 every year, while hoping to spend $48,202 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: 40/36/24 Blend
68$816,000$816,000$816,000$816,000
69$903,878$860,630$847,982$933,462
70$944,787$851,514$825,103$946,096
71$988,253$840,336$799,842$954,876
72$1,034,486$826,944$772,068$963,420
73$1,083,717$811,177$741,645$971,735
74$1,136,195$792,864$708,429$979,831
75$1,192,198$771,825$672,272$987,725
76$1,252,026$747,869$633,018$995,439
77$1,316,011$720,793$590,502$1,003,002
78$1,384,515$690,382$544,555$1,010,451
79$1,457,936$656,412$494,998$1,017,832
80$1,536,710$618,641$441,645$1,025,200
81$1,621,316$576,816$384,302$1,032,623
82$1,712,280$530,669$322,765$1,040,181
83$1,810,178$479,918$256,824$1,047,968
84$1,915,644$424,261$186,255$1,056,096
85$2,029,374$363,384$110,828$1,064,695
86$2,152,131$296,951$30,302$1,073,917
87$2,284,757$224,610$0$1,083,934
88$2,428,173$145,986$0$1,109,196
89$2,583,394$60,687$0$1,144,892
90$2,751,535$0$0$1,183,590
91$2,933,823$0$0$1,238,221
92$3,131,605$0$0$1,323,671
93$3,346,365$0$0$1,416,550
94$3,579,734$0$0$1,517,575
95$3,833,506$0$0$1,627,536
96$4,109,654$0$0$1,747,301
97$4,410,351$0$0$1,877,825
98$4,737,987$0$0$2,020,159
99$5,095,192$0$0$2,175,462
100$5,484,861$0$0$2,345,008