Can I retire at age 69 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$68,541$67,930$67,334$66,753$66,185$65,116
2 years$33,931$33,299$32,687$32,093$31,517$30,442
3 years$22,396$21,761$21,150$20,562$19,996$18,949
4 years$16,630$15,997$15,392$14,814$14,261$13,251
5 years$13,171$12,542$11,945$11,378$10,841$9,870
6 years$10,865$10,241$9,653$9,099$8,578$7,648
7 years$9,220$8,601$8,022$7,481$6,976$6,087
8 years$7,986$7,372$6,803$6,276$5,788$4,939
9 years$7,026$6,419$5,860$5,346$4,874$4,065
10 years$6,260$5,658$5,109$4,608$4,153$3,384
11 years$5,633$5,037$4,497$4,010$3,572$2,841
12 years$5,110$4,521$3,991$3,518$3,095$2,402
13 years$4,669$4,086$3,566$3,105$2,699$2,043
14 years$4,291$3,714$3,204$2,757$2,366$1,746
15 years$3,963$3,393$2,893$2,458$2,083$1,497
16 years$3,677$3,113$2,623$2,201$1,841$1,289
17 years$3,425$2,867$2,387$1,978$1,632$1,112
18 years$3,201$2,649$2,179$1,782$1,451$962
19 years$3,001$2,455$1,995$1,611$1,294$834
20 years$2,821$2,281$1,830$1,459$1,156$724
21 years$2,658$2,125$1,684$1,324$1,034$629
22 years$2,511$1,983$1,552$1,204$927$548
23 years$2,376$1,855$1,433$1,096$832$478
24 years$2,253$1,738$1,325$1,000$748$417
25 years$2,140$1,631$1,227$913$673$364
26 years$2,036$1,533$1,138$835$606$318
27 years$1,939$1,443$1,057$764$547$278
28 years$1,850$1,359$983$700$493$243
29 years$1,767$1,283$914$642$445$213
30 years$1,690$1,211$852$589$402$186
31 years$1,617$1,145$794$541$364$163
32 years$1,550$1,083$741$497$329$143
33 years$1,486$1,026$692$457$298$125
34 years$1,427$972$646$421$270$110
35 years$1,371$922$604$387$244$96
36 years$1,318$875$565$357$221$84
37 years$1,268$831$529$329$201$74
38 years$1,221$790$495$303$182$65
39 years$1,177$751$464$279$165$57
40 years$1,135$715$435$258$150$50
41 years$1,095$680$408$238$136$44
42 years$1,057$648$383$219$123$38
43 years$1,021$617$359$203$112$34
44 years$986$589$337$187$101$30
45 years$953$561$317$173$92$26
46 years$922$535$297$160$84$23
47 years$892$511$279$147$76$20
48 years$864$488$262$136$69$18
49 years$836$466$247$126$63$15
50 years$810$445$232$116$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $830,000, adding $5,090 every year, while hoping to spend $32,244 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: 47/41/12 Blend
68$830,000$830,000$830,000$830,000
69$919,910$875,920$863,055$959,841
70$979,434$884,533$857,660$996,556
71$1,043,948$892,487$851,004$1,032,643
72$1,113,928$899,716$843,010$1,071,087
73$1,189,896$906,150$833,598$1,112,116
74$1,272,427$911,712$822,685$1,155,987
75$1,362,152$916,324$810,183$1,202,980
76$1,459,768$919,900$796,000$1,253,409
77$1,566,038$922,349$780,040$1,307,619
78$1,681,806$923,576$762,203$1,365,992
79$1,807,996$923,478$742,383$1,428,950
80$1,945,630$921,946$720,471$1,496,963
81$2,095,828$918,866$696,351$1,570,547
82$2,259,827$914,114$669,903$1,650,274
83$2,438,986$907,562$641,001$1,736,778
84$2,634,801$899,072$609,513$1,830,758
85$2,848,922$888,497$575,303$1,932,989
86$3,083,161$875,683$538,225$2,044,326
87$3,339,519$860,466$498,131$2,165,714
88$3,620,194$842,673$454,862$2,298,200
89$3,927,609$822,119$408,255$2,442,939
90$4,264,432$798,610$358,139$2,601,207
91$4,633,601$771,940$304,334$2,774,416
92$5,038,354$741,890$246,654$2,964,125
93$5,482,253$708,229$184,904$3,172,057
94$5,969,224$670,714$118,880$3,400,114
95$6,503,591$629,086$48,369$3,650,399
96$7,090,117$583,071$0$3,925,235
97$7,734,049$532,381$0$4,230,626
98$8,441,165$476,710$0$4,572,796
99$9,217,831$415,737$0$4,948,705
100$10,071,061$349,119$0$5,361,837