Can I retire at age 69 with 840,000?

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 $840,000?

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$69,366$68,749$68,146$67,557$66,983$66,201
2 years$34,340$33,700$33,080$32,479$31,897$31,109
3 years$22,666$22,023$21,405$20,810$20,236$19,469
4 years$16,830$16,190$15,578$14,992$14,433$13,690
5 years$13,329$12,693$12,089$11,516$10,972$10,256
6 years$10,996$10,365$9,770$9,209$8,681$7,994
7 years$9,331$8,704$8,119$7,571$7,060$6,402
8 years$8,082$7,461$6,885$6,351$5,857$5,227
9 years$7,111$6,496$5,930$5,410$4,933$4,331
10 years$6,335$5,726$5,170$4,663$4,203$3,629
11 years$5,700$5,098$4,552$4,059$3,615$3,068
12 years$5,172$4,575$4,039$3,560$3,132$2,613
13 years$4,725$4,135$3,609$3,143$2,731$2,238
14 years$4,342$3,758$3,243$2,790$2,394$1,926
15 years$4,011$3,433$2,928$2,488$2,108$1,665
16 years$3,722$3,150$2,654$2,228$1,863$1,444
17 years$3,466$2,901$2,415$2,002$1,652$1,256
18 years$3,240$2,681$2,205$1,804$1,469$1,095
19 years$3,037$2,484$2,019$1,630$1,309$956
20 years$2,855$2,309$1,853$1,476$1,169$837
21 years$2,690$2,150$1,704$1,340$1,047$734
22 years$2,541$2,007$1,570$1,218$938$644
23 years$2,405$1,877$1,450$1,109$842$566
24 years$2,280$1,759$1,341$1,012$757$498
25 years$2,166$1,651$1,242$924$681$439
26 years$2,060$1,551$1,152$845$613$387
27 years$1,963$1,460$1,070$773$553$341
28 years$1,872$1,376$994$709$499$301
29 years$1,788$1,298$925$650$451$266
30 years$1,710$1,226$862$596$407$235
31 years$1,637$1,159$804$548$368$207
32 years$1,568$1,096$750$503$333$183
33 years$1,504$1,038$700$463$301$162
34 years$1,444$984$654$426$273$144
35 years$1,387$933$612$392$247$127
36 years$1,334$886$572$361$224$112
37 years$1,284$841$535$333$203$99
38 years$1,236$800$501$307$184$88
39 years$1,191$760$470$283$167$78
40 years$1,148$723$440$261$151$69
41 years$1,108$689$413$241$137$61
42 years$1,069$656$387$222$125$54
43 years$1,033$625$363$205$113$48
44 years$998$596$341$189$103$43
45 years$965$568$320$175$93$38
46 years$933$542$301$161$85$33
47 years$903$517$283$149$77$30
48 years$874$494$266$138$70$26
49 years$847$471$250$127$63$23
50 years$820$450$235$118$58$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $840,000, adding $3,663 every year, while hoping to spend $21,155 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: 64/24/12 Blend
68$840,000$840,000$840,000$840,000
69$929,458$884,938$871,918$986,150
70$1,001,754$905,792$878,619$1,045,350
71$1,080,716$926,958$884,835$1,107,197
72$1,166,999$948,429$890,528$1,174,222
73$1,261,330$970,199$895,657$1,246,930
74$1,364,504$992,257$900,180$1,325,874
75$1,477,399$1,014,593$904,051$1,411,665
76$1,600,981$1,037,196$907,225$1,504,976
77$1,736,315$1,060,052$909,650$1,606,549
78$1,884,572$1,083,147$911,276$1,717,199
79$2,047,042$1,106,466$912,048$1,837,826
80$2,225,147$1,129,989$911,908$1,969,420
81$2,420,452$1,153,698$910,797$2,113,075
82$2,634,680$1,177,572$908,651$2,269,991
83$2,869,731$1,201,587$905,405$2,441,495
84$3,127,697$1,225,718$900,989$2,629,046
85$3,410,880$1,249,936$895,330$2,834,254
86$3,721,819$1,274,212$888,353$3,058,890
87$4,063,309$1,298,513$879,977$3,304,910
88$4,438,430$1,322,803$870,120$3,574,466
89$4,850,574$1,347,045$858,693$3,869,929
90$5,303,479$1,371,196$845,605$4,193,914
91$5,801,261$1,395,212$830,761$4,549,303
92$6,348,458$1,419,046$814,059$4,939,268
93$6,950,065$1,442,644$795,395$5,367,310
94$7,611,590$1,465,951$774,659$5,837,284
95$8,339,098$1,488,909$751,735$6,353,438
96$9,139,272$1,511,451$726,504$6,920,456
97$10,019,475$1,533,510$698,840$7,543,497
98$10,987,821$1,555,012$668,611$8,228,250
99$12,053,249$1,575,878$635,680$8,980,981
100$13,225,608$1,596,023$599,902$9,808,598