Can I retire at age 69 with 831,000?

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 $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%11.5%
1 years$68,623$68,012$67,416$66,833$66,265$65,847
2 years$33,972$33,339$32,726$32,131$31,555$31,134
3 years$22,423$21,788$21,176$20,587$20,020$19,608
4 years$16,650$16,016$15,411$14,832$14,278$13,879
5 years$13,187$12,557$11,959$11,392$10,854$10,469
6 years$10,879$10,254$9,665$9,110$8,588$8,217
7 years$9,231$8,611$8,032$7,490$6,985$6,628
8 years$7,995$7,381$6,811$6,283$5,794$5,452
9 years$7,035$6,427$5,867$5,352$4,880$4,552
10 years$6,267$5,665$5,115$4,613$4,158$3,844
11 years$5,639$5,043$4,503$4,015$3,576$3,276
12 years$5,117$4,526$3,996$3,522$3,099$2,813
13 years$4,674$4,090$3,570$3,109$2,702$2,429
14 years$4,296$3,718$3,208$2,760$2,369$2,109
15 years$3,968$3,397$2,896$2,461$2,086$1,839
16 years$3,682$3,116$2,626$2,204$1,843$1,609
17 years$3,429$2,870$2,390$1,980$1,634$1,412
18 years$3,205$2,652$2,181$1,785$1,453$1,242
19 years$3,004$2,458$1,997$1,613$1,295$1,096
20 years$2,824$2,284$1,833$1,460$1,157$968
21 years$2,662$2,127$1,686$1,325$1,035$857
22 years$2,514$1,986$1,554$1,205$928$760
23 years$2,379$1,857$1,435$1,098$833$674
24 years$2,256$1,740$1,327$1,001$749$599
25 years$2,142$1,633$1,229$914$674$533
26 years$2,038$1,535$1,140$836$607$475
27 years$1,942$1,444$1,058$765$547$423
28 years$1,852$1,361$984$701$494$377
29 years$1,769$1,284$915$643$446$337
30 years$1,692$1,213$853$590$403$301
31 years$1,619$1,146$795$542$364$268
32 years$1,552$1,085$742$498$329$240
33 years$1,488$1,027$693$458$298$214
34 years$1,429$974$647$421$270$192
35 years$1,373$923$605$388$244$172
36 years$1,320$876$566$357$222$153
37 years$1,270$832$530$329$201$137
38 years$1,223$791$496$303$182$123
39 years$1,178$752$465$280$165$110
40 years$1,136$716$436$258$150$99
41 years$1,096$681$408$238$136$88
42 years$1,058$649$383$220$123$79
43 years$1,022$618$360$203$112$71
44 years$987$589$337$187$102$63
45 years$955$562$317$173$92$57
46 years$923$536$298$160$84$51
47 years$893$512$280$148$76$46
48 years$865$488$263$136$69$41
49 years$837$466$247$126$63$37
50 years$811$445$232$116$57$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $831,000, adding $2,610 every year, while hoping to spend $53,798 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: 28/44/28 Blend
68$831,000$831,000$831,000$831,000
69$918,454$874,411$861,531$936,141
70$954,896$860,017$833,151$936,095
71$993,252$843,114$802,018$931,226
72$1,033,660$823,523$767,982$924,914
73$1,076,271$801,053$730,887$917,070
74$1,121,249$775,504$690,571$907,607
75$1,168,775$746,661$646,863$896,433
76$1,219,042$714,300$599,585$883,450
77$1,272,265$678,181$548,552$868,563
78$1,328,676$638,052$493,569$851,669
79$1,388,530$593,646$434,432$832,667
80$1,452,106$544,680$370,932$811,449
81$1,519,708$490,857$302,845$787,909
82$1,591,669$431,860$229,941$761,936
83$1,668,353$367,355$151,979$733,420
84$1,750,162$296,992$68,706$702,249
85$1,837,531$220,398$0$668,311
86$1,930,941$137,179$0$637,515
87$2,030,917$46,921$0$626,023
88$2,138,036$0$0$613,262
89$2,252,930$0$0$623,817
90$2,376,293$0$0$659,635
91$2,508,886$0$0$698,229
92$2,651,545$0$0$739,857
93$2,805,188$0$0$784,798
94$2,970,822$0$0$833,362
95$3,149,557$0$0$885,888
96$3,342,606$0$0$942,749
97$3,551,309$0$0$1,004,354
98$3,777,133$0$0$1,071,154
99$4,021,695$0$0$1,143,645
100$4,286,770$0$0$1,222,371