Can I retire at age 69 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$69,119$68,503$67,902$67,316$66,744$64,998
2 years$34,217$33,580$32,962$32,363$31,783$30,036
3 years$22,585$21,945$21,329$20,736$20,164$18,471
4 years$16,770$16,132$15,522$14,939$14,381$12,755
5 years$13,282$12,648$12,046$11,474$10,932$9,377
6 years$10,957$10,328$9,735$9,176$8,650$7,167
7 years$9,297$8,673$8,090$7,544$7,035$5,625
8 years$8,053$7,434$6,861$6,329$5,836$4,498
9 years$7,086$6,473$5,909$5,391$4,915$3,647
10 years$6,312$5,706$5,152$4,647$4,188$2,989
11 years$5,680$5,079$4,535$4,044$3,602$2,471
12 years$5,153$4,559$4,025$3,547$3,121$2,055
13 years$4,708$4,120$3,596$3,132$2,722$1,719
14 years$4,327$3,745$3,231$2,780$2,386$1,444
15 years$3,997$3,421$2,917$2,479$2,101$1,217
16 years$3,708$3,139$2,645$2,220$1,857$1,029
17 years$3,454$2,891$2,407$1,995$1,646$872
18 years$3,228$2,671$2,197$1,797$1,464$741
19 years$3,026$2,476$2,011$1,624$1,305$630
20 years$2,845$2,300$1,846$1,471$1,165$537
21 years$2,681$2,143$1,698$1,335$1,043$458
22 years$2,532$2,000$1,565$1,214$935$391
23 years$2,396$1,871$1,445$1,105$839$334
24 years$2,272$1,753$1,336$1,008$754$286
25 years$2,158$1,645$1,238$921$679$245
26 years$2,053$1,546$1,148$842$611$210
27 years$1,956$1,455$1,066$771$551$180
28 years$1,865$1,371$991$706$497$154
29 years$1,782$1,293$922$647$449$132
30 years$1,704$1,221$859$594$406$113
31 years$1,631$1,155$801$546$367$97
32 years$1,563$1,093$747$502$332$83
33 years$1,499$1,035$698$461$300$71
34 years$1,439$981$652$424$272$61
35 years$1,383$930$609$391$246$53
36 years$1,329$883$570$360$223$45
37 years$1,279$838$534$331$202$39
38 years$1,232$797$500$306$183$33
39 years$1,187$758$468$282$166$29
40 years$1,144$721$439$260$151$25
41 years$1,104$686$411$240$137$21
42 years$1,066$654$386$221$124$18
43 years$1,029$623$362$204$113$16
44 years$994$594$340$189$102$13
45 years$961$566$319$174$93$11
46 years$930$540$300$161$84$10
47 years$900$515$282$149$77$8
48 years$871$492$265$137$70$7
49 years$844$470$249$127$63$6
50 years$817$449$234$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $837,000, adding $6,597 every year, while hoping to spend $41,520 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: 41/48/11 Blend
68$837,000$837,000$837,000$837,000
69$929,179$884,818$871,844$963,991
70$979,778$883,997$856,874$988,257
71$1,034,147$881,744$840,011$1,009,866
72$1,092,626$877,946$821,147$1,032,330
73$1,155,589$872,481$800,171$1,055,744
74$1,223,448$865,220$776,965$1,080,215
75$1,296,652$856,029$751,406$1,105,865
76$1,375,698$844,762$723,366$1,132,831
77$1,461,131$831,267$692,711$1,161,267
78$1,553,549$815,382$659,299$1,191,346
79$1,653,610$796,935$622,985$1,223,262
80$1,762,038$775,744$583,614$1,257,233
81$1,879,628$751,617$541,027$1,293,504
82$2,007,255$724,351$495,056$1,332,348
83$2,145,880$693,730$445,526$1,374,072
84$2,296,563$659,526$392,254$1,419,018
85$2,460,467$621,498$335,050$1,467,571
86$2,638,874$579,390$273,713$1,520,156
87$2,833,192$532,933$208,036$1,577,252
88$3,044,974$481,843$137,800$1,639,392
89$3,275,925$425,817$62,780$1,707,170
90$3,527,924$364,537$0$1,781,246
91$3,803,040$297,667$0$1,864,386
92$4,103,549$224,851$0$1,963,379
93$4,431,956$145,714$0$2,071,790
94$4,791,021$59,859$0$2,190,666
95$5,183,781$0$0$2,321,170
96$5,613,581$0$0$2,482,088
97$6,084,104$0$0$2,692,972
98$6,599,406$0$0$2,924,033
99$7,163,952$0$0$3,177,288
100$7,782,661$0$0$3,454,958