Can I retire at age 69 with 816,000?

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 $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%15.6%
1 years$67,385$66,784$66,199$65,627$65,069$63,573
2 years$33,359$32,737$32,135$31,551$30,985$29,487
3 years$22,018$21,394$20,794$20,215$19,658$18,204
4 years$16,349$15,727$15,132$14,564$14,020$12,621
5 years$12,949$12,330$11,743$11,187$10,658$9,318
6 years$10,682$10,069$9,490$8,946$8,433$7,153
7 years$9,064$8,456$7,887$7,355$6,859$5,639
8 years$7,851$7,248$6,688$6,170$5,690$4,530
9 years$6,908$6,311$5,761$5,255$4,792$3,692
10 years$6,154$5,563$5,022$4,530$4,083$3,041
11 years$5,538$4,952$4,422$3,943$3,511$2,526
12 years$5,024$4,445$3,924$3,458$3,043$2,112
13 years$4,590$4,017$3,506$3,053$2,653$1,776
14 years$4,218$3,651$3,150$2,710$2,326$1,500
15 years$3,897$3,335$2,844$2,417$2,048$1,272
16 years$3,615$3,060$2,579$2,164$1,810$1,081
17 years$3,367$2,818$2,346$1,944$1,605$922
18 years$3,147$2,604$2,142$1,752$1,427$788
19 years$2,950$2,413$1,961$1,583$1,272$674
20 years$2,773$2,243$1,800$1,434$1,136$578
21 years$2,613$2,089$1,655$1,302$1,017$496
22 years$2,468$1,950$1,526$1,183$911$426
23 years$2,336$1,824$1,409$1,078$818$367
24 years$2,215$1,709$1,303$983$735$316
25 years$2,104$1,604$1,207$898$662$272
26 years$2,001$1,507$1,119$821$596$234
27 years$1,907$1,418$1,039$751$537$202
28 years$1,819$1,337$966$688$485$174
29 years$1,737$1,261$899$631$438$150
30 years$1,661$1,191$837$579$396$130
31 years$1,590$1,126$781$532$358$112
32 years$1,524$1,065$728$489$324$97
33 years$1,461$1,009$680$450$293$84
34 years$1,403$956$635$414$265$72
35 years$1,348$907$594$381$240$62
36 years$1,296$861$556$351$218$54
37 years$1,247$817$520$323$197$47
38 years$1,201$777$487$298$179$40
39 years$1,157$739$456$275$162$35
40 years$1,116$703$428$253$147$30
41 years$1,076$669$401$234$133$26
42 years$1,039$637$376$216$121$23
43 years$1,003$607$353$199$110$20
44 years$970$579$331$184$100$17
45 years$937$552$311$170$91$15
46 years$907$526$292$157$82$13
47 years$877$502$275$145$75$11
48 years$849$480$258$134$68$9
49 years$822$458$243$124$62$8
50 years$797$437$228$114$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $816,000, adding $5,168 every year, while hoping to spend $20,042 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: 64/20/16 Blend
68$816,000$816,000$816,000$816,000
69$904,563$861,315$848,667$958,581
70$975,504$882,195$855,773$1,016,314
71$1,053,009$903,426$862,445$1,076,588
72$1,137,727$925,005$868,647$1,141,946
73$1,230,371$946,926$874,343$1,212,885
74$1,331,728$969,184$879,493$1,289,951
75$1,442,662$991,773$884,054$1,373,745
76$1,564,128$1,014,684$887,984$1,464,932
77$1,697,174$1,037,908$891,237$1,564,242
78$1,842,956$1,061,436$893,763$1,672,481
79$2,002,747$1,085,256$895,514$1,790,534
80$2,177,949$1,109,355$896,435$1,919,380
81$2,370,105$1,133,719$896,471$2,060,095
82$2,580,917$1,158,332$895,564$2,213,866
83$2,812,256$1,183,177$893,651$2,382,000
84$3,066,187$1,208,233$890,670$2,565,937
85$3,344,982$1,233,480$886,551$2,767,265
86$3,651,145$1,258,895$881,225$2,987,732
87$3,987,432$1,284,452$874,617$3,229,267
88$4,356,883$1,310,123$866,649$3,493,993
89$4,762,844$1,335,878$857,241$3,784,252
90$5,209,003$1,361,684$846,307$4,102,621
91$5,699,420$1,387,506$833,757$4,451,946
92$6,238,571$1,413,304$819,498$4,835,357
93$6,831,387$1,439,038$803,433$5,256,307
94$7,483,300$1,464,661$785,459$5,718,602
95$8,200,293$1,490,127$765,469$6,226,434
96$8,988,961$1,515,381$743,350$6,784,424
97$9,856,569$1,540,369$718,986$7,397,665
98$10,811,121$1,565,029$692,254$8,071,770
99$11,861,437$1,589,296$663,026$8,812,923
100$13,017,233$1,613,102$631,168$9,627,942