Can I retire at age 69 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$68,128$67,521$66,929$66,351$65,787$64,965
2 years$33,727$33,098$32,490$31,899$31,327$30,500
3 years$22,261$21,630$21,023$20,438$19,875$19,069
4 years$16,529$15,900$15,299$14,725$14,175$13,395
5 years$13,091$12,466$11,873$11,310$10,776$10,025
6 years$10,800$10,180$9,595$9,045$8,526$7,806
7 years$9,164$8,549$7,974$7,436$6,934$6,244
8 years$7,938$7,328$6,762$6,238$5,753$5,092
9 years$6,984$6,380$5,824$5,313$4,845$4,214
10 years$6,222$5,624$5,078$4,580$4,128$3,527
11 years$5,599$5,007$4,470$3,986$3,550$2,978
12 years$5,080$4,494$3,967$3,496$3,076$2,533
13 years$4,641$4,061$3,545$3,087$2,683$2,167
14 years$4,265$3,691$3,185$2,740$2,352$1,862
15 years$3,940$3,372$2,875$2,444$2,071$1,607
16 years$3,655$3,094$2,607$2,188$1,830$1,392
17 years$3,404$2,849$2,372$1,966$1,623$1,209
18 years$3,182$2,633$2,166$1,772$1,443$1,052
19 years$2,983$2,440$1,982$1,601$1,286$918
20 years$2,804$2,267$1,819$1,450$1,149$803
21 years$2,642$2,112$1,674$1,316$1,028$703
22 years$2,496$1,972$1,542$1,196$921$616
23 years$2,362$1,844$1,424$1,090$827$540
24 years$2,239$1,728$1,317$994$743$475
25 years$2,127$1,621$1,220$908$669$417
26 years$2,023$1,524$1,131$830$603$367
27 years$1,928$1,434$1,051$760$543$323
28 years$1,839$1,351$977$696$490$285
29 years$1,756$1,275$909$638$443$251
30 years$1,679$1,204$847$586$400$222
31 years$1,608$1,138$789$538$362$195
32 years$1,540$1,077$736$494$327$173
33 years$1,477$1,020$688$455$296$152
34 years$1,418$967$642$418$268$135
35 years$1,363$917$601$385$243$119
36 years$1,310$870$562$355$220$105
37 years$1,261$826$526$327$199$93
38 years$1,214$785$492$301$181$82
39 years$1,170$747$461$278$164$72
40 years$1,128$711$432$256$149$64
41 years$1,088$676$406$236$135$57
42 years$1,050$644$380$218$122$50
43 years$1,014$614$357$201$111$44
44 years$980$585$335$186$101$39
45 years$948$558$315$172$92$35
46 years$917$532$295$159$83$31
47 years$887$508$278$147$75$27
48 years$859$485$261$135$69$24
49 years$831$463$245$125$62$21
50 years$805$442$231$116$57$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $825,000, adding $2,588 every year, while hoping to spend $40,347 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: 46/40/14 Blend
68$825,000$825,000$825,000$825,000
69$911,820$868,095$855,307$950,036
70$961,896$867,702$841,031$976,438
71$1,015,728$865,939$824,924$1,000,752
72$1,073,657$862,693$806,883$1,026,245
73$1,136,055$857,851$786,799$1,053,040
74$1,203,334$851,286$764,558$1,081,278
75$1,275,944$842,870$740,041$1,111,116
76$1,354,381$832,461$713,123$1,142,728
77$1,439,190$819,914$683,675$1,176,310
78$1,530,970$805,072$651,560$1,212,080
79$1,630,378$787,770$616,637$1,250,282
80$1,738,138$767,832$578,756$1,291,188
81$1,855,046$745,073$537,761$1,335,101
82$1,981,976$719,297$493,492$1,382,359
83$2,119,891$690,296$445,777$1,433,338
84$2,269,849$657,851$394,440$1,488,457
85$2,433,016$621,727$339,296$1,548,182
86$2,610,673$581,681$280,152$1,613,032
87$2,804,229$537,451$216,805$1,683,583
88$3,015,237$488,763$149,044$1,760,477
89$3,245,405$435,326$76,651$1,844,425
90$3,496,612$376,833$0$1,936,218
91$3,770,928$312,959$0$2,036,826
92$4,070,630$243,362$0$2,159,358
93$4,398,227$167,679$0$2,293,470
94$4,756,479$85,528$0$2,440,401
95$5,148,426$0$0$2,601,524
96$5,577,415$0$0$2,779,893
97$6,047,132$0$0$3,016,509
98$6,561,637$0$0$3,275,781
99$7,125,398$0$0$3,559,974
100$7,743,339$0$0$3,871,582