Can I retire at age 69 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$67,715$67,112$66,523$65,949$65,388$64,840
2 years$33,522$32,898$32,293$31,706$31,137$30,585
3 years$22,126$21,499$20,896$20,314$19,755$19,215
4 years$16,429$15,804$15,207$14,635$14,089$13,567
5 years$13,012$12,391$11,801$11,241$10,710$10,206
6 years$10,735$10,118$9,537$8,990$8,475$7,990
7 years$9,108$8,497$7,925$7,391$6,892$6,427
8 years$7,889$7,283$6,721$6,200$5,718$5,272
9 years$6,942$6,342$5,789$5,281$4,815$4,388
10 years$6,184$5,590$5,047$4,552$4,103$3,695
11 years$5,565$4,976$4,443$3,962$3,529$3,139
12 years$5,049$4,466$3,943$3,475$3,058$2,687
13 years$4,613$4,036$3,523$3,068$2,666$2,313
14 years$4,239$3,669$3,165$2,723$2,337$2,002
15 years$3,916$3,352$2,858$2,429$2,058$1,739
16 years$3,633$3,075$2,591$2,175$1,819$1,517
17 years$3,384$2,832$2,358$1,954$1,613$1,326
18 years$3,162$2,617$2,152$1,761$1,434$1,163
19 years$2,965$2,425$1,970$1,591$1,278$1,022
20 years$2,787$2,254$1,808$1,441$1,142$900
21 years$2,626$2,099$1,663$1,308$1,022$794
22 years$2,480$1,960$1,533$1,189$916$701
23 years$2,348$1,833$1,416$1,083$822$620
24 years$2,226$1,717$1,309$988$739$549
25 years$2,114$1,611$1,212$902$665$486
26 years$2,011$1,515$1,125$825$599$431
27 years$1,916$1,425$1,044$755$540$383
28 years$1,828$1,343$971$692$487$340
29 years$1,746$1,267$903$634$440$302
30 years$1,669$1,197$841$582$398$269
31 years$1,598$1,131$784$535$359$239
32 years$1,531$1,070$732$491$325$213
33 years$1,468$1,014$683$452$294$189
34 years$1,410$961$639$416$266$169
35 years$1,354$911$597$383$241$150
36 years$1,302$865$558$352$219$134
37 years$1,253$821$523$325$198$119
38 years$1,207$781$489$299$180$106
39 years$1,163$742$459$276$163$95
40 years$1,121$706$430$255$148$85
41 years$1,082$672$403$235$134$75
42 years$1,044$640$378$217$122$67
43 years$1,008$610$355$200$110$60
44 years$974$581$333$185$100$54
45 years$942$555$313$171$91$48
46 years$911$529$294$158$83$43
47 years$882$505$276$146$75$38
48 years$853$482$259$135$68$34
49 years$826$460$244$124$62$30
50 years$801$440$229$115$56$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $820,000, adding $5,733 every year, while hoping to spend $49,153 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: 87/5/8 Blend
68$820,000$820,000$820,000$820,000
69$909,554$866,094$853,384$987,455
70$950,030$856,234$829,674$1,029,248
71$992,987$844,243$803,522$1,067,796
72$1,038,626$829,966$774,795$1,108,588
73$1,087,168$813,237$743,352$1,151,814
74$1,138,854$793,879$709,049$1,197,685
75$1,193,946$771,708$671,731$1,246,431
76$1,252,733$746,527$631,239$1,298,305
77$1,315,533$718,128$587,407$1,353,587
78$1,382,692$686,291$540,059$1,412,582
79$1,454,589$650,782$489,014$1,475,628
80$1,531,642$611,355$434,081$1,543,097
81$1,614,308$567,750$375,061$1,615,396
82$1,703,089$519,691$311,747$1,692,976
83$1,798,536$466,887$243,922$1,776,331
84$1,901,252$409,031$171,359$1,866,007
85$2,011,902$345,796$93,822$1,962,603
86$2,131,216$276,839$11,064$2,066,780
87$2,259,993$201,798$0$2,179,267
88$2,399,115$120,288$0$2,307,460
89$2,549,548$31,906$0$2,447,082
90$2,712,356$0$0$2,598,187
91$2,888,707$0$0$2,765,380
92$3,079,885$0$0$2,948,540
93$3,287,305$0$0$3,147,267
94$3,512,520$0$0$3,363,051
95$3,757,238$0$0$3,597,529
96$4,023,341$0$0$3,852,505
97$4,312,897$0$0$4,129,961
98$4,628,181$0$0$4,432,080
99$4,971,698$0$0$4,761,262
100$5,346,205$0$0$5,120,149