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%14.2%
1 years$68,788$68,176$67,578$66,994$66,425$65,270
2 years$34,054$33,419$32,805$32,209$31,631$30,472
3 years$22,477$21,840$21,227$20,637$20,068$18,940
4 years$16,690$16,055$15,448$14,867$14,313$13,225
5 years$13,218$12,587$11,988$11,420$10,880$9,835
6 years$10,905$10,278$9,688$9,132$8,609$7,608
7 years$9,253$8,632$8,051$7,508$7,002$6,045
8 years$8,015$7,399$6,828$6,298$5,808$4,896
9 years$7,052$6,442$5,881$5,365$4,892$4,023
10 years$6,282$5,678$5,127$4,625$4,168$3,343
11 years$5,653$5,055$4,514$4,025$3,584$2,801
12 years$5,129$4,537$4,006$3,530$3,106$2,364
13 years$4,686$4,100$3,579$3,117$2,709$2,007
14 years$4,306$3,727$3,216$2,767$2,374$1,711
15 years$3,978$3,405$2,903$2,467$2,091$1,465
16 years$3,691$3,124$2,632$2,209$1,848$1,258
17 years$3,437$2,877$2,395$1,985$1,638$1,083
18 years$3,213$2,658$2,187$1,789$1,457$935
19 years$3,012$2,464$2,002$1,616$1,298$808
20 years$2,831$2,289$1,837$1,464$1,160$700
21 years$2,668$2,133$1,690$1,329$1,038$608
22 years$2,520$1,991$1,557$1,208$930$528
23 years$2,385$1,862$1,438$1,100$835$459
24 years$2,261$1,744$1,330$1,003$751$399
25 years$2,148$1,637$1,232$916$675$348
26 years$2,043$1,539$1,142$838$608$303
27 years$1,946$1,448$1,061$767$549$264
28 years$1,857$1,364$986$703$495$231
29 years$1,773$1,287$918$644$447$201
30 years$1,696$1,216$855$591$404$176
31 years$1,623$1,149$797$543$365$154
32 years$1,555$1,087$744$499$330$134
33 years$1,492$1,030$694$459$299$117
34 years$1,432$976$649$422$271$103
35 years$1,376$926$606$389$245$90
36 years$1,323$879$567$358$222$78
37 years$1,273$834$531$330$201$69
38 years$1,226$793$497$304$182$60
39 years$1,181$754$466$280$165$53
40 years$1,139$717$437$259$150$46
41 years$1,099$683$409$239$136$40
42 years$1,061$650$384$220$124$35
43 years$1,024$620$360$203$112$31
44 years$990$591$338$188$102$27
45 years$957$563$318$173$92$24
46 years$925$537$298$160$84$21
47 years$895$513$280$148$76$18
48 years$867$490$263$137$69$16
49 years$839$467$248$126$63$14
50 years$813$447$233$117$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $833,000, adding $3,126 every year, while hoping to spend $54,243 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: 29/47/24 Blend
68$833,000$833,000$833,000$833,000
69$921,190$877,041$864,130$940,945
70$957,438$862,302$835,364$941,823
71$995,564$845,023$803,817$937,773
72$1,035,704$825,022$769,337$932,302
73$1,078,005$802,106$731,768$925,321
74$1,122,624$776,072$690,946$916,740
75$1,169,737$746,705$646,697$906,467
76$1,219,532$713,775$598,843$894,404
77$1,272,216$677,042$547,197$880,453
78$1,328,015$636,251$491,561$864,511
79$1,387,176$591,131$431,732$846,473
80$1,449,968$541,396$367,495$826,232
81$1,516,686$486,745$298,627$803,678
82$1,587,652$426,860$224,895$778,698
83$1,663,219$361,402$146,055$751,180
84$1,743,773$290,016$61,853$721,007
85$1,829,736$212,326$0$688,065
86$1,921,573$127,934$0$659,408
87$2,019,792$36,421$0$645,118
88$2,124,948$0$0$629,299
89$2,237,654$0$0$644,319
90$2,358,578$0$0$680,734
91$2,488,456$0$0$719,940
92$2,628,094$0$0$762,193
93$2,778,379$0$0$807,774
94$2,940,283$0$0$856,991
95$3,114,874$0$0$910,183
96$3,303,326$0$0$967,722
97$3,506,927$0$0$1,030,019
98$3,727,097$0$0$1,097,522
99$3,965,391$0$0$1,170,729
100$4,223,522$0$0$1,250,181