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%13.9%
1 years$68,623$68,012$67,416$66,833$66,265$65,194
2 years$33,972$33,339$32,726$32,131$31,555$30,479
3 years$22,423$21,788$21,176$20,587$20,020$18,972
4 years$16,650$16,016$15,411$14,832$14,278$13,267
5 years$13,187$12,557$11,959$11,392$10,854$9,882
6 years$10,879$10,254$9,665$9,110$8,588$7,657
7 years$9,231$8,611$8,032$7,490$6,985$6,094
8 years$7,995$7,381$6,811$6,283$5,794$4,945
9 years$7,035$6,427$5,867$5,352$4,880$4,070
10 years$6,267$5,665$5,115$4,613$4,158$3,388
11 years$5,639$5,043$4,503$4,015$3,576$2,845
12 years$5,117$4,526$3,996$3,522$3,099$2,405
13 years$4,674$4,090$3,570$3,109$2,702$2,046
14 years$4,296$3,718$3,208$2,760$2,369$1,748
15 years$3,968$3,397$2,896$2,461$2,086$1,499
16 years$3,682$3,116$2,626$2,204$1,843$1,290
17 years$3,429$2,870$2,390$1,980$1,634$1,113
18 years$3,205$2,652$2,181$1,785$1,453$963
19 years$3,004$2,458$1,997$1,613$1,295$835
20 years$2,824$2,284$1,833$1,460$1,157$725
21 years$2,662$2,127$1,686$1,325$1,035$630
22 years$2,514$1,986$1,554$1,205$928$549
23 years$2,379$1,857$1,435$1,098$833$478
24 years$2,256$1,740$1,327$1,001$749$417
25 years$2,142$1,633$1,229$914$674$364
26 years$2,038$1,535$1,140$836$607$318
27 years$1,942$1,444$1,058$765$547$278
28 years$1,852$1,361$984$701$494$243
29 years$1,769$1,284$915$643$446$213
30 years$1,692$1,213$853$590$403$186
31 years$1,619$1,146$795$542$364$163
32 years$1,552$1,085$742$498$329$143
33 years$1,488$1,027$693$458$298$125
34 years$1,429$974$647$421$270$110
35 years$1,373$923$605$388$244$96
36 years$1,320$876$566$357$222$84
37 years$1,270$832$530$329$201$74
38 years$1,223$791$496$303$182$65
39 years$1,178$752$465$280$165$57
40 years$1,136$716$436$258$150$50
41 years$1,096$681$408$238$136$44
42 years$1,058$649$383$220$123$38
43 years$1,022$618$360$203$112$34
44 years$987$589$337$187$102$30
45 years$955$562$317$173$92$26
46 years$923$536$298$160$84$23
47 years$893$512$280$148$76$20
48 years$865$488$263$136$69$18
49 years$837$466$247$126$63$15
50 years$811$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 $831,000, adding $4,051 every year, while hoping to spend $26,419 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: 48/25/27 Blend
68$831,000$831,000$831,000$831,000
69$919,941$875,898$863,017$956,843
70$985,665$890,707$863,819$997,984
71$1,057,208$905,357$863,761$1,039,716
72$1,135,134$919,811$862,789$1,084,519
73$1,220,068$934,031$860,842$1,132,698
74$1,312,692$947,976$857,858$1,184,585
75$1,413,762$961,602$853,771$1,240,551
76$1,524,107$974,862$848,514$1,301,002
77$1,644,641$987,705$842,014$1,366,388
78$1,776,369$1,000,077$834,196$1,437,207
79$1,920,398$1,011,921$824,981$1,514,008
80$2,077,948$1,023,174$814,288$1,597,395
81$2,250,361$1,033,771$802,028$1,688,037
82$2,439,114$1,043,643$788,112$1,786,673
83$2,645,835$1,052,713$772,446$1,894,118
84$2,872,317$1,060,902$754,929$2,011,270
85$3,120,533$1,068,126$735,459$2,139,124
86$3,392,657$1,074,294$713,927$2,278,775
87$3,691,083$1,079,310$690,219$2,431,432
88$4,018,449$1,083,071$664,216$2,598,432
89$4,377,659$1,085,469$635,795$2,781,246
90$4,771,911$1,086,389$604,826$2,981,502
91$5,204,732$1,085,707$571,173$3,200,992
92$5,680,001$1,083,294$534,694$3,441,698
93$6,201,996$1,079,010$495,241$3,705,803
94$6,775,428$1,072,709$452,659$3,995,718
95$7,405,485$1,064,236$406,788$4,314,102
96$8,097,886$1,053,425$357,456$4,663,888
97$8,858,929$1,040,101$304,489$5,048,314
98$9,695,552$1,024,079$247,702$5,470,950
99$10,615,401$1,005,161$186,903$5,935,735
100$11,626,898$983,140$121,890$6,447,012