Can I retire at age 69 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$68,788$68,176$67,578$66,994$66,425$65,649
2 years$34,054$33,419$32,805$32,209$31,631$30,850
3 years$22,477$21,840$21,227$20,637$20,068$19,306
4 years$16,690$16,055$15,448$14,867$14,313$13,576
5 years$13,218$12,587$11,988$11,420$10,880$10,171
6 years$10,905$10,278$9,688$9,132$8,609$7,928
7 years$9,253$8,632$8,051$7,508$7,002$6,349
8 years$8,015$7,399$6,828$6,298$5,808$5,184
9 years$7,052$6,442$5,881$5,365$4,892$4,295
10 years$6,282$5,678$5,127$4,625$4,168$3,599
11 years$5,653$5,055$4,514$4,025$3,584$3,043
12 years$5,129$4,537$4,006$3,530$3,106$2,591
13 years$4,686$4,100$3,579$3,117$2,709$2,219
14 years$4,306$3,727$3,216$2,767$2,374$1,910
15 years$3,978$3,405$2,903$2,467$2,091$1,651
16 years$3,691$3,124$2,632$2,209$1,848$1,432
17 years$3,437$2,877$2,395$1,985$1,638$1,245
18 years$3,213$2,658$2,187$1,789$1,457$1,086
19 years$3,012$2,464$2,002$1,616$1,298$948
20 years$2,831$2,289$1,837$1,464$1,160$830
21 years$2,668$2,133$1,690$1,329$1,038$728
22 years$2,520$1,991$1,557$1,208$930$639
23 years$2,385$1,862$1,438$1,100$835$562
24 years$2,261$1,744$1,330$1,003$751$494
25 years$2,148$1,637$1,232$916$675$435
26 years$2,043$1,539$1,142$838$608$384
27 years$1,946$1,448$1,061$767$549$338
28 years$1,857$1,364$986$703$495$298
29 years$1,773$1,287$918$644$447$264
30 years$1,696$1,216$855$591$404$233
31 years$1,623$1,149$797$543$365$206
32 years$1,555$1,087$744$499$330$182
33 years$1,492$1,030$694$459$299$161
34 years$1,432$976$649$422$271$142
35 years$1,376$926$606$389$245$126
36 years$1,323$879$567$358$222$111
37 years$1,273$834$531$330$201$99
38 years$1,226$793$497$304$182$87
39 years$1,181$754$466$280$165$77
40 years$1,139$717$437$259$150$68
41 years$1,099$683$409$239$136$61
42 years$1,061$650$384$220$124$54
43 years$1,024$620$360$203$112$48
44 years$990$591$338$188$102$42
45 years$957$563$318$173$92$37
46 years$925$537$298$160$84$33
47 years$895$513$280$148$76$29
48 years$867$490$263$137$69$26
49 years$839$467$248$126$63$23
50 years$813$447$233$117$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $833,000, adding $3,191 every year, while hoping to spend $54,201 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: 56/22/22 Blend
68$833,000$833,000$833,000$833,000
69$921,258$877,109$864,197$967,190
70$957,556$862,417$835,478$984,259
71$995,741$845,190$803,981$996,823
72$1,035,947$825,244$769,554$1,009,345
73$1,078,321$802,389$732,042$1,021,837
74$1,123,023$776,419$691,279$1,034,312
75$1,170,228$747,121$647,093$1,046,790
76$1,220,128$714,266$599,307$1,059,296
77$1,272,928$677,612$547,731$1,071,860
78$1,328,857$636,906$492,171$1,084,518
79$1,388,163$591,877$432,421$1,097,315
80$1,451,117$542,240$368,268$1,110,304
81$1,518,015$487,693$299,489$1,123,548
82$1,589,181$427,919$225,851$1,137,120
83$1,664,971$362,580$147,110$1,151,107
84$1,745,772$291,321$63,012$1,165,610
85$1,832,011$213,765$0$1,180,743
86$1,924,153$129,517$0$1,202,916
87$2,022,711$38,157$0$1,242,200
88$2,128,243$0$0$1,284,031
89$2,241,365$0$0$1,343,387
90$2,362,751$0$0$1,417,043
91$2,493,140$0$0$1,496,216
92$2,633,345$0$0$1,581,405
93$2,784,256$0$0$1,673,159
94$2,946,853$0$0$1,772,082
95$3,122,212$0$0$1,878,835
96$3,311,512$0$0$1,994,145
97$3,516,052$0$0$2,118,814
98$3,737,259$0$0$2,253,718
99$3,976,699$0$0$2,399,824
100$4,236,097$0$0$2,558,193