Can I retire at age 69 with 846,000?

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 $846,000?

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%
1 years$69,862$69,240$68,632$68,040$67,461$66,316
2 years$34,585$33,941$33,317$32,711$32,124$30,974
3 years$22,828$22,181$21,558$20,959$20,381$19,262
4 years$16,950$16,305$15,689$15,099$14,536$13,456
5 years$13,425$12,784$12,175$11,598$11,050$10,013
6 years$11,075$10,439$9,839$9,275$8,743$7,750
7 years$9,397$8,766$8,177$7,625$7,111$6,161
8 years$8,140$7,514$6,934$6,397$5,899$4,993
9 years$7,162$6,543$5,973$5,449$4,968$4,105
10 years$6,380$5,767$5,207$4,697$4,233$3,413
11 years$5,741$5,134$4,584$4,088$3,640$2,862
12 years$5,209$4,608$4,068$3,585$3,155$2,417
13 years$4,759$4,164$3,635$3,165$2,751$2,053
14 years$4,373$3,785$3,266$2,810$2,411$1,751
15 years$4,040$3,458$2,949$2,506$2,123$1,500
16 years$3,748$3,173$2,673$2,244$1,877$1,289
17 years$3,491$2,922$2,433$2,016$1,664$1,111
18 years$3,263$2,700$2,221$1,817$1,479$960
19 years$3,059$2,502$2,033$1,642$1,319$831
20 years$2,875$2,325$1,866$1,487$1,178$720
21 years$2,710$2,166$1,716$1,349$1,054$625
22 years$2,559$2,022$1,582$1,227$945$543
23 years$2,422$1,891$1,460$1,117$848$473
24 years$2,296$1,772$1,351$1,019$762$412
25 years$2,181$1,663$1,251$931$686$359
26 years$2,075$1,563$1,160$851$618$313
27 years$1,977$1,471$1,077$779$557$273
28 years$1,886$1,386$1,002$714$503$239
29 years$1,801$1,307$932$654$454$209
30 years$1,722$1,235$868$601$410$182
31 years$1,648$1,167$809$552$371$159
32 years$1,580$1,104$755$507$335$139
33 years$1,515$1,046$705$466$304$122
34 years$1,454$991$659$429$275$107
35 years$1,397$940$616$395$249$93
36 years$1,344$892$576$364$226$82
37 years$1,293$847$539$335$204$72
38 years$1,245$805$505$309$185$63
39 years$1,200$766$473$285$168$55
40 years$1,157$729$443$263$152$48
41 years$1,116$694$416$242$138$42
42 years$1,077$661$390$224$125$37
43 years$1,040$629$366$206$114$32
44 years$1,005$600$344$191$103$28
45 years$972$572$323$176$94$25
46 years$940$546$303$163$85$22
47 years$909$521$285$150$77$19
48 years$880$497$268$139$70$17
49 years$853$475$251$128$64$15
50 years$826$454$236$119$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $846,000, adding $5,405 every year, while hoping to spend $40,724 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: 45/33/22 Blend
68$846,000$846,000$846,000$846,000
69$937,867$893,029$879,916$973,908
70$990,200$893,458$866,063$1,000,254
71$1,046,505$892,542$850,382$1,024,388
72$1,107,146$890,174$832,767$1,049,733
73$1,172,520$886,237$813,109$1,076,420
74$1,243,064$880,610$791,295$1,104,599
75$1,319,258$873,162$767,206$1,134,435
76$1,401,630$863,755$740,715$1,166,115
77$1,490,760$852,242$711,693$1,199,845
78$1,587,286$838,470$680,003$1,235,857
79$1,691,908$822,274$645,501$1,274,409
80$1,805,397$803,480$608,040$1,315,790
81$1,928,601$781,904$567,463$1,360,321
82$2,062,452$757,351$523,606$1,408,360
83$2,207,975$729,614$476,300$1,460,305
84$2,366,299$698,476$425,367$1,516,599
85$2,538,665$663,704$370,620$1,577,737
86$2,726,439$625,056$311,866$1,644,268
87$2,931,124$582,272$248,902$1,716,800
88$3,154,374$535,079$181,515$1,796,012
89$3,398,010$483,188$109,487$1,882,657
90$3,664,037$426,294$32,584$1,977,570
91$3,954,661$364,075$0$2,081,680
92$4,272,311$296,189$0$2,207,632
93$4,619,660$222,276$0$2,353,870
94$4,999,654$141,955$0$2,514,064
95$5,415,534$54,826$0$2,689,684
96$5,870,870$0$0$2,882,351
97$6,369,593$0$0$3,108,218
98$6,916,033$0$0$3,377,608
99$7,514,956$0$0$3,672,974
100$8,171,615$0$0$3,996,920