Can I retire at age 69 with 846,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.1%
1 years$69,862$69,240$68,632$68,040$67,461$65,512
2 years$34,585$33,941$33,317$32,711$32,124$30,176
3 years$22,828$22,181$21,558$20,959$20,381$18,494
4 years$16,950$16,305$15,689$15,099$14,536$12,726
5 years$13,425$12,784$12,175$11,598$11,050$9,321
6 years$11,075$10,439$9,839$9,275$8,743$7,098
7 years$9,397$8,766$8,177$7,625$7,111$5,548
8 years$8,140$7,514$6,934$6,397$5,899$4,418
9 years$7,162$6,543$5,973$5,449$4,968$3,568
10 years$6,380$5,767$5,207$4,697$4,233$2,911
11 years$5,741$5,134$4,584$4,088$3,640$2,395
12 years$5,209$4,608$4,068$3,585$3,155$1,983
13 years$4,759$4,164$3,635$3,165$2,751$1,651
14 years$4,373$3,785$3,266$2,810$2,411$1,380
15 years$4,040$3,458$2,949$2,506$2,123$1,158
16 years$3,748$3,173$2,673$2,244$1,877$974
17 years$3,491$2,922$2,433$2,016$1,664$821
18 years$3,263$2,700$2,221$1,817$1,479$694
19 years$3,059$2,502$2,033$1,642$1,319$587
20 years$2,875$2,325$1,866$1,487$1,178$498
21 years$2,710$2,166$1,716$1,349$1,054$422
22 years$2,559$2,022$1,582$1,227$945$359
23 years$2,422$1,891$1,460$1,117$848$305
24 years$2,296$1,772$1,351$1,019$762$259
25 years$2,181$1,663$1,251$931$686$221
26 years$2,075$1,563$1,160$851$618$188
27 years$1,977$1,471$1,077$779$557$160
28 years$1,886$1,386$1,002$714$503$136
29 years$1,801$1,307$932$654$454$116
30 years$1,722$1,235$868$601$410$99
31 years$1,648$1,167$809$552$371$85
32 years$1,580$1,104$755$507$335$72
33 years$1,515$1,046$705$466$304$62
34 years$1,454$991$659$429$275$53
35 years$1,397$940$616$395$249$45
36 years$1,344$892$576$364$226$38
37 years$1,293$847$539$335$204$33
38 years$1,245$805$505$309$185$28
39 years$1,200$766$473$285$168$24
40 years$1,157$729$443$263$152$20
41 years$1,116$694$416$242$138$17
42 years$1,077$661$390$224$125$15
43 years$1,040$629$366$206$114$13
44 years$1,005$600$344$191$103$11
45 years$972$572$323$176$94$9
46 years$940$546$303$163$85$8
47 years$909$521$285$150$77$7
48 years$880$497$268$139$70$6
49 years$853$475$251$128$64$5
50 years$826$454$236$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $846,000, adding $5,539 every year, while hoping to spend $36,808 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: 34/41/25 Blend
68$846,000$846,000$846,000$846,000
69$938,005$893,167$880,054$962,618
70$994,519$897,769$870,373$986,103
71$1,055,562$901,363$859,133$1,007,695
72$1,121,560$903,860$846,245$1,030,247
73$1,192,977$905,167$831,612$1,053,870
74$1,270,325$905,184$815,135$1,078,686
75$1,354,165$903,805$796,709$1,104,834
76$1,445,117$900,919$776,225$1,132,468
77$1,543,859$896,404$753,570$1,161,764
78$1,651,141$890,136$728,622$1,192,915
79$1,767,784$881,980$701,258$1,226,141
80$1,894,695$871,793$671,346$1,261,685
81$2,032,867$859,425$638,750$1,299,820
82$2,183,398$844,715$603,327$1,340,852
83$2,347,494$827,495$564,927$1,385,120
84$2,526,481$807,585$523,395$1,433,006
85$2,721,820$784,795$478,567$1,484,931
86$2,935,119$758,923$430,272$1,541,369
87$3,168,149$729,758$378,334$1,602,845
88$3,422,857$697,073$322,566$1,669,945
89$3,701,390$660,631$262,773$1,743,320
90$4,006,109$620,180$198,753$1,823,693
91$4,339,616$575,452$130,295$1,911,872
92$4,704,775$526,167$57,178$2,008,750
93$5,104,738$472,026$0$2,115,322
94$5,542,981$412,714$0$2,238,253
95$6,023,327$347,900$0$2,389,846
96$6,549,990$277,230$0$2,556,259
97$7,127,610$200,335$0$2,739,071
98$7,761,296$116,822$0$2,940,026
99$8,456,679$26,277$0$3,161,055
100$9,219,958$0$0$3,404,294