Can I retire at age 69 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$68,871$68,257$67,659$67,075$66,504$65,295
2 years$34,095$33,460$32,844$32,247$31,669$30,455
3 years$22,504$21,866$21,252$20,661$20,092$18,911
4 years$16,710$16,074$15,466$14,885$14,330$13,191
5 years$13,234$12,602$12,002$11,433$10,893$9,800
6 years$10,918$10,291$9,700$9,143$8,619$7,573
7 years$9,264$8,642$8,061$7,517$7,010$6,010
8 years$8,024$7,408$6,836$6,306$5,815$4,863
9 years$7,060$6,450$5,888$5,371$4,897$3,991
10 years$6,290$5,685$5,133$4,630$4,173$3,311
11 years$5,660$5,061$4,519$4,030$3,589$2,772
12 years$5,135$4,543$4,011$3,535$3,110$2,336
13 years$4,691$4,105$3,583$3,120$2,712$1,980
14 years$4,311$3,732$3,220$2,770$2,377$1,686
15 years$3,982$3,409$2,907$2,470$2,093$1,441
16 years$3,695$3,128$2,635$2,212$1,850$1,236
17 years$3,441$2,880$2,398$1,987$1,640$1,063
18 years$3,216$2,662$2,189$1,791$1,458$916
19 years$3,015$2,467$2,004$1,618$1,300$791
20 years$2,835$2,292$1,839$1,466$1,161$684
21 years$2,671$2,135$1,692$1,330$1,039$593
22 years$2,523$1,993$1,559$1,209$931$514
23 years$2,388$1,864$1,440$1,102$836$446
24 years$2,264$1,746$1,331$1,005$751$388
25 years$2,150$1,639$1,233$918$676$337
26 years$2,045$1,540$1,144$839$609$293
27 years$1,949$1,450$1,062$768$549$255
28 years$1,859$1,366$987$704$496$223
29 years$1,775$1,289$919$645$447$194
30 years$1,698$1,217$856$592$404$169
31 years$1,625$1,151$798$544$366$148
32 years$1,557$1,089$744$500$331$129
33 years$1,494$1,031$695$460$299$112
34 years$1,434$977$649$423$271$98
35 years$1,378$927$607$389$245$86
36 years$1,325$880$568$358$222$75
37 years$1,275$835$532$330$202$65
38 years$1,227$794$498$304$183$57
39 years$1,183$755$466$281$166$50
40 years$1,140$718$437$259$150$43
41 years$1,100$684$410$239$136$38
42 years$1,062$651$385$220$124$33
43 years$1,025$620$361$204$112$29
44 years$991$591$339$188$102$25
45 years$958$564$318$174$93$22
46 years$927$538$299$160$84$19
47 years$897$513$281$148$76$17
48 years$868$490$264$137$69$15
49 years$840$468$248$126$63$13
50 years$814$447$233$117$57$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $834,000, adding $4,482 every year, while hoping to spend $43,364 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: 57/22/21 Blend
68$834,000$834,000$834,000$834,000
69$923,691$879,489$866,562$970,899
70$971,769$876,445$849,453$1,000,538
71$1,023,297$871,799$830,317$1,027,790
72$1,078,582$865,425$809,042$1,056,542
73$1,137,959$857,193$785,507$1,086,949
74$1,201,798$846,963$759,588$1,119,184
75$1,270,503$834,586$731,156$1,153,438
76$1,344,519$819,905$700,074$1,189,925
77$1,424,334$802,754$666,201$1,228,884
78$1,510,484$782,957$629,386$1,270,576
79$1,603,559$760,328$589,476$1,315,297
80$1,704,206$734,668$546,308$1,363,373
81$1,813,137$705,769$499,712$1,415,165
82$1,931,135$673,409$449,510$1,471,076
83$2,059,060$637,356$395,518$1,531,553
84$2,197,858$597,361$337,542$1,597,090
85$2,348,571$553,162$275,380$1,668,237
86$2,512,341$504,483$208,822$1,745,604
87$2,690,429$451,032$137,646$1,829,867
88$2,884,220$392,499$61,624$1,921,774
89$3,095,237$328,559$0$2,022,155
90$3,325,158$258,865$0$2,136,302
91$3,575,828$183,054$0$2,275,881
92$3,849,280$100,740$0$2,428,257
93$4,147,748$11,518$0$2,594,740
94$4,473,693$0$0$2,776,777
95$4,829,826$0$0$2,996,552
96$5,219,128$0$0$3,239,915
97$5,644,884$0$0$3,506,139
98$6,110,710$0$0$3,797,494
99$6,620,586$0$0$4,116,480
100$7,178,896$0$0$4,465,849