Can I retire at age 69 with 824,000?

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 $824,000?

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$68,045$67,439$66,848$66,271$65,707$65,430
2 years$33,686$33,058$32,450$31,861$31,289$31,010
3 years$22,234$21,604$20,998$20,414$19,851$19,578
4 years$16,509$15,881$15,281$14,707$14,158$13,893
5 years$13,075$12,451$11,859$11,296$10,763$10,506
6 years$10,787$10,167$9,583$9,034$8,516$8,269
7 years$9,153$8,538$7,964$7,427$6,926$6,688
8 years$7,928$7,319$6,754$6,230$5,746$5,517
9 years$6,976$6,373$5,817$5,307$4,839$4,619
10 years$6,214$5,617$5,072$4,575$4,123$3,913
11 years$5,592$5,001$4,465$3,981$3,546$3,345
12 years$5,073$4,488$3,963$3,492$3,073$2,881
13 years$4,635$4,056$3,540$3,083$2,679$2,496
14 years$4,260$3,687$3,181$2,737$2,349$2,174
15 years$3,935$3,368$2,872$2,441$2,068$1,902
16 years$3,651$3,090$2,604$2,185$1,828$1,670
17 years$3,400$2,846$2,369$1,964$1,621$1,470
18 years$3,178$2,630$2,163$1,770$1,441$1,298
19 years$2,979$2,437$1,980$1,599$1,284$1,149
20 years$2,801$2,265$1,817$1,448$1,147$1,019
21 years$2,639$2,110$1,671$1,314$1,027$905
22 years$2,493$1,969$1,541$1,195$920$806
23 years$2,359$1,842$1,422$1,088$826$718
24 years$2,237$1,726$1,315$993$742$640
25 years$2,124$1,619$1,218$906$668$572
26 years$2,021$1,522$1,130$829$602$511
27 years$1,925$1,432$1,049$759$543$457
28 years$1,837$1,350$975$695$490$409
29 years$1,754$1,273$908$637$442$367
30 years$1,677$1,202$846$585$399$329
31 years$1,606$1,137$788$537$361$295
32 years$1,539$1,076$735$494$327$265
33 years$1,476$1,019$687$454$296$237
34 years$1,417$965$642$418$268$213
35 years$1,361$916$600$385$242$192
36 years$1,309$869$561$354$220$172
37 years$1,259$825$525$326$199$155
38 years$1,213$784$492$301$180$139
39 years$1,168$746$461$277$164$125
40 years$1,127$710$432$256$148$112
41 years$1,087$676$405$236$135$101
42 years$1,049$643$380$218$122$91
43 years$1,013$613$357$201$111$82
44 years$979$584$335$186$101$74
45 years$946$557$314$171$91$66
46 years$915$532$295$158$83$60
47 years$886$507$277$146$75$54
48 years$857$484$261$135$68$48
49 years$830$462$245$125$62$44
50 years$805$442$230$116$56$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $824,000, adding $2,596 every year, while hoping to spend $40,722 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: 60/27/13 Blend
68$824,000$824,000$824,000$824,000
69$910,726$867,054$854,282$962,314
70$960,292$866,212$839,572$996,496
71$1,013,549$863,963$823,005$1,028,955
72$1,070,830$860,197$804,475$1,063,384
73$1,132,502$854,794$783,873$1,099,977
74$1,198,967$847,628$761,082$1,138,950
75$1,270,666$838,566$735,982$1,180,540
76$1,348,084$827,466$708,448$1,225,012
77$1,431,756$814,179$678,348$1,272,657
78$1,522,265$798,544$645,543$1,323,800
79$1,620,258$780,395$609,891$1,378,800
80$1,726,442$759,551$571,239$1,438,055
81$1,841,595$735,826$529,432$1,502,004
82$1,966,574$709,018$484,305$1,571,135
83$2,102,321$678,916$435,685$1,645,989
84$2,249,872$645,296$383,394$1,727,163
85$2,410,366$607,923$327,245$1,815,318
86$2,585,056$566,544$267,041$1,911,187
87$2,775,324$520,897$202,579$2,015,579
88$2,982,687$470,700$133,645$2,129,390
89$3,208,815$415,659$60,016$2,253,612
90$3,455,548$355,460$0$2,389,342
91$3,724,910$289,774$0$2,540,365
92$4,019,129$218,251$0$2,714,500
93$4,340,658$140,523$0$2,904,930
94$4,692,198$56,202$0$3,113,331
95$5,076,722$0$0$3,341,552
96$5,497,504$0$0$3,602,071
97$5,958,149$0$0$3,905,614
98$6,462,626$0$0$4,238,106
99$7,015,308$0$0$4,602,437
100$7,621,008$0$0$5,001,789