Can I retire at age 69 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$69,779$69,158$68,551$67,959$67,381$66,265
2 years$34,544$33,901$33,277$32,673$32,086$30,965
3 years$22,801$22,155$21,533$20,934$20,357$19,265
4 years$16,930$16,286$15,670$15,082$14,519$13,465
5 years$13,409$12,768$12,161$11,584$11,037$10,025
6 years$11,062$10,426$9,828$9,264$8,733$7,763
7 years$9,386$8,756$8,167$7,616$7,102$6,175
8 years$8,130$7,506$6,926$6,389$5,892$5,008
9 years$7,153$6,535$5,965$5,442$4,962$4,120
10 years$6,373$5,760$5,201$4,691$4,228$3,427
11 years$5,734$5,128$4,579$4,083$3,636$2,876
12 years$5,203$4,603$4,064$3,581$3,151$2,430
13 years$4,753$4,159$3,630$3,162$2,748$2,065
14 years$4,368$3,781$3,262$2,807$2,409$1,763
15 years$4,035$3,454$2,945$2,503$2,121$1,511
16 years$3,744$3,169$2,670$2,241$1,874$1,300
17 years$3,487$2,918$2,430$2,014$1,662$1,121
18 years$3,259$2,697$2,218$1,815$1,478$969
19 years$3,055$2,499$2,031$1,640$1,317$839
20 years$2,872$2,322$1,864$1,485$1,176$728
21 years$2,706$2,163$1,714$1,348$1,053$632
22 years$2,556$2,019$1,580$1,225$944$550
23 years$2,419$1,889$1,459$1,116$847$479
24 years$2,294$1,770$1,349$1,018$761$418
25 years$2,179$1,661$1,249$930$685$364
26 years$2,072$1,561$1,159$850$617$318
27 years$1,974$1,469$1,076$778$556$278
28 years$1,883$1,384$1,000$713$502$243
29 years$1,799$1,306$931$654$453$212
30 years$1,720$1,233$867$600$410$186
31 years$1,647$1,166$808$551$370$163
32 years$1,578$1,103$754$506$335$142
33 years$1,513$1,045$704$466$303$125
34 years$1,453$990$658$428$274$109
35 years$1,396$939$615$394$249$96
36 years$1,342$891$575$363$225$84
37 years$1,291$846$539$335$204$73
38 years$1,244$804$504$308$185$64
39 years$1,198$765$473$284$168$56
40 years$1,155$728$443$262$152$49
41 years$1,115$693$415$242$138$43
42 years$1,076$660$390$223$125$38
43 years$1,039$629$366$206$114$33
44 years$1,004$599$343$190$103$29
45 years$971$571$322$176$94$26
46 years$939$545$303$162$85$22
47 years$908$520$284$150$77$20
48 years$879$497$267$139$70$17
49 years$852$474$251$128$64$15
50 years$825$453$236$118$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $845,000, adding $3,259 every year, while hoping to spend $26,145 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: 63/30/7 Blend
68$845,000$845,000$845,000$845,000
69$934,552$889,767$876,669$991,981
70$1,002,058$905,547$878,219$1,046,461
71$1,075,573$921,225$878,946$1,102,557
72$1,155,684$936,766$878,792$1,163,128
73$1,243,033$952,137$877,701$1,228,605
74$1,338,330$967,300$875,612$1,299,465
75$1,442,355$982,213$872,460$1,376,231
76$1,555,968$996,834$868,180$1,459,483
77$1,680,114$1,011,116$862,701$1,549,856
78$1,815,834$1,025,009$855,950$1,648,053
79$1,964,274$1,038,460$847,850$1,754,848
80$2,126,697$1,051,411$838,319$1,871,092
81$2,304,491$1,063,802$827,275$1,997,725
82$2,499,189$1,075,568$814,628$2,135,784
83$2,712,474$1,086,638$800,286$2,286,409
84$2,946,203$1,096,940$784,152$2,450,859
85$3,202,420$1,106,394$766,125$2,630,521
86$3,483,375$1,114,916$746,099$2,826,924
87$3,791,549$1,122,416$723,963$3,041,752
88$4,129,671$1,128,799$699,600$3,276,864
89$4,500,751$1,133,964$672,890$3,534,307
90$4,908,101$1,137,802$643,705$3,816,339
91$5,355,372$1,140,198$611,914$4,125,448
92$5,846,584$1,141,032$577,376$4,464,377
93$6,386,165$1,140,172$539,948$4,836,149
94$6,978,996$1,137,482$499,478$5,244,099
95$7,630,450$1,132,816$455,808$5,691,900
96$8,346,451$1,126,018$408,772$6,183,603
97$9,133,520$1,116,925$358,198$6,723,673
98$9,998,847$1,105,362$303,904$7,317,032
99$10,950,348$1,091,143$245,704$7,969,107
100$11,996,749$1,074,075$183,401$8,685,877