Can I retire at age 69 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$68,458$67,848$67,253$66,673$66,106$65,361
2 years$33,890$33,259$32,647$32,054$31,479$30,729
3 years$22,369$21,735$21,125$20,537$19,971$19,240
4 years$16,610$15,978$15,374$14,796$14,244$13,536
5 years$13,155$12,527$11,930$11,365$10,828$10,146
6 years$10,852$10,229$9,642$9,089$8,568$7,913
7 years$9,208$8,590$8,012$7,472$6,968$6,340
8 years$7,976$7,363$6,795$6,268$5,781$5,180
9 years$7,018$6,411$5,853$5,339$4,868$4,294
10 years$6,252$5,651$5,102$4,602$4,148$3,600
11 years$5,626$5,031$4,492$4,005$3,567$3,046
12 years$5,104$4,515$3,987$3,513$3,091$2,595
13 years$4,663$4,081$3,562$3,102$2,696$2,224
14 years$4,286$3,709$3,200$2,753$2,363$1,916
15 years$3,959$3,388$2,889$2,456$2,081$1,657
16 years$3,673$3,109$2,620$2,199$1,839$1,438
17 years$3,421$2,863$2,384$1,975$1,630$1,251
18 years$3,197$2,646$2,176$1,780$1,450$1,092
19 years$2,997$2,452$1,992$1,609$1,292$955
20 years$2,818$2,278$1,828$1,457$1,154$836
21 years$2,655$2,122$1,682$1,322$1,033$734
22 years$2,508$1,981$1,550$1,202$926$645
23 years$2,373$1,853$1,431$1,095$831$567
24 years$2,250$1,736$1,323$999$747$499
25 years$2,137$1,629$1,226$912$672$440
26 years$2,033$1,531$1,137$834$605$388
27 years$1,937$1,441$1,056$763$546$343
28 years$1,848$1,358$981$699$493$303
29 years$1,765$1,281$913$641$445$267
30 years$1,687$1,210$851$589$402$236
31 years$1,615$1,144$793$541$363$209
32 years$1,548$1,082$740$497$329$185
33 years$1,485$1,025$691$457$297$164
34 years$1,425$971$646$420$269$145
35 years$1,369$921$604$387$244$128
36 years$1,317$874$565$356$221$114
37 years$1,267$830$528$328$200$101
38 years$1,220$789$495$303$182$89
39 years$1,176$750$464$279$165$79
40 years$1,133$714$435$257$149$70
41 years$1,093$680$407$237$136$62
42 years$1,055$647$382$219$123$55
43 years$1,019$617$359$202$112$49
44 years$985$588$337$187$101$43
45 years$952$561$316$173$92$38
46 years$921$535$297$159$83$34
47 years$891$510$279$147$76$30
48 years$863$487$262$136$69$27
49 years$835$465$246$126$63$24
50 years$809$444$232$116$57$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $829,000, adding $2,755 every year, while hoping to spend $33,155 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: 49/40/11 Blend
68$829,000$829,000$829,000$829,000
69$916,400$872,463$859,613$958,440
70$974,596$879,937$853,134$995,057
71$1,037,617$886,666$845,326$1,031,104
72$1,105,920$892,578$836,110$1,069,503
73$1,180,007$897,598$825,403$1,110,485
74$1,260,432$901,645$813,118$1,154,303
75$1,347,802$904,631$799,164$1,201,240
76$1,442,786$906,467$783,444$1,251,608
77$1,546,120$907,053$765,860$1,305,751
78$1,658,614$906,288$746,305$1,364,053
79$1,781,157$904,062$724,672$1,426,935
80$1,914,732$900,257$700,844$1,494,864
81$2,060,415$894,750$674,703$1,568,359
82$2,219,395$887,411$646,124$1,647,991
83$2,392,979$878,100$614,975$1,734,393
84$2,582,606$866,669$581,119$1,828,264
85$2,789,859$852,963$544,414$1,930,378
86$3,016,482$836,816$504,709$2,041,591
87$3,264,396$818,053$461,850$2,162,848
88$3,535,714$796,487$415,671$2,295,193
89$3,832,765$771,923$366,004$2,439,784
90$4,158,112$744,152$312,670$2,597,895
91$4,514,578$712,954$255,483$2,770,939
92$4,905,272$678,096$194,249$2,960,474
93$5,333,618$639,331$128,765$3,168,224
94$5,803,388$596,399$58,820$3,396,090
95$6,318,736$549,025$0$3,646,177
96$6,884,236$496,916$0$3,922,662
97$7,504,928$439,765$0$4,233,742
98$8,186,364$377,247$0$4,575,367
99$8,934,658$309,016$0$4,950,695
100$9,756,546$234,712$0$5,363,209