Can I retire at age 69 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$68,623$68,012$67,416$66,833$66,265$65,792
2 years$33,972$33,339$32,726$32,131$31,555$31,078
3 years$22,423$21,788$21,176$20,587$20,020$19,554
4 years$16,650$16,016$15,411$14,832$14,278$13,827
5 years$13,187$12,557$11,959$11,392$10,854$10,418
6 years$10,879$10,254$9,665$9,110$8,588$8,169
7 years$9,231$8,611$8,032$7,490$6,985$6,582
8 years$7,995$7,381$6,811$6,283$5,794$5,408
9 years$7,035$6,427$5,867$5,352$4,880$4,510
10 years$6,267$5,665$5,115$4,613$4,158$3,804
11 years$5,639$5,043$4,503$4,015$3,576$3,238
12 years$5,117$4,526$3,996$3,522$3,099$2,776
13 years$4,674$4,090$3,570$3,109$2,702$2,395
14 years$4,296$3,718$3,208$2,760$2,369$2,077
15 years$3,968$3,397$2,896$2,461$2,086$1,808
16 years$3,682$3,116$2,626$2,204$1,843$1,580
17 years$3,429$2,870$2,390$1,980$1,634$1,384
18 years$3,205$2,652$2,181$1,785$1,453$1,217
19 years$3,004$2,458$1,997$1,613$1,295$1,071
20 years$2,824$2,284$1,833$1,460$1,157$945
21 years$2,662$2,127$1,686$1,325$1,035$836
22 years$2,514$1,986$1,554$1,205$928$740
23 years$2,379$1,857$1,435$1,098$833$656
24 years$2,256$1,740$1,327$1,001$749$582
25 years$2,142$1,633$1,229$914$674$517
26 years$2,038$1,535$1,140$836$607$459
27 years$1,942$1,444$1,058$765$547$409
28 years$1,852$1,361$984$701$494$364
29 years$1,769$1,284$915$643$446$324
30 years$1,692$1,213$853$590$403$289
31 years$1,619$1,146$795$542$364$258
32 years$1,552$1,085$742$498$329$230
33 years$1,488$1,027$693$458$298$205
34 years$1,429$974$647$421$270$183
35 years$1,373$923$605$388$244$164
36 years$1,320$876$566$357$222$146
37 years$1,270$832$530$329$201$131
38 years$1,223$791$496$303$182$117
39 years$1,178$752$465$280$165$104
40 years$1,136$716$436$258$150$93
41 years$1,096$681$408$238$136$83
42 years$1,058$649$383$220$123$75
43 years$1,022$618$360$203$112$67
44 years$987$589$337$187$102$60
45 years$955$562$317$173$92$53
46 years$923$536$298$160$84$48
47 years$893$512$280$148$76$43
48 years$865$488$263$136$69$38
49 years$837$466$247$126$63$34
50 years$811$445$232$116$57$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $831,000, adding $4,787 every year, while hoping to spend $47,334 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: 41/31/28 Blend
68$831,000$831,000$831,000$831,000
69$920,700$876,657$863,776$950,702
70$964,248$869,250$842,350$965,441
71$1,010,652$859,894$818,619$976,603
72$1,060,153$848,443$792,457$987,782
73$1,113,014$834,743$763,730$999,010
74$1,169,527$818,630$732,300$1,010,324
75$1,230,008$799,932$698,022$1,021,770
76$1,294,805$778,465$660,742$1,033,401
77$1,364,301$754,036$620,302$1,045,281
78$1,438,914$726,438$576,537$1,057,484
79$1,519,105$695,455$529,273$1,070,098
80$1,605,378$660,856$478,327$1,083,223
81$1,698,287$622,399$423,512$1,096,977
82$1,798,442$579,826$364,629$1,111,493
83$1,906,511$532,865$301,472$1,126,926
84$2,023,228$481,229$233,825$1,143,452
85$2,149,402$424,614$161,462$1,161,271
86$2,285,919$362,698$84,150$1,180,613
87$2,433,756$295,143$1,641$1,201,737
88$2,593,983$221,590$0$1,224,937
89$2,767,782$141,660$0$1,276,361
90$2,956,448$54,954$0$1,332,770
91$3,161,409$0$0$1,394,181
92$3,384,232$0$0$1,474,443
93$3,626,645$0$0$1,582,249
94$3,890,546$0$0$1,699,710
95$4,178,026$0$0$1,827,769
96$4,491,384$0$0$1,967,462
97$4,833,151$0$0$2,119,931
98$5,206,114$0$0$2,286,434
99$5,613,337$0$0$2,468,354
100$6,058,199$0$0$2,667,213