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%12.7%
1 years$69,862$69,240$68,632$68,040$67,461$66,701
2 years$34,585$33,941$33,317$32,711$32,124$31,359
3 years$22,828$22,181$21,558$20,959$20,381$19,635
4 years$16,950$16,305$15,689$15,099$14,536$13,814
5 years$13,425$12,784$12,175$11,598$11,050$10,354
6 years$11,075$10,439$9,839$9,275$8,743$8,075
7 years$9,397$8,766$8,177$7,625$7,111$6,470
8 years$8,140$7,514$6,934$6,397$5,899$5,286
9 years$7,162$6,543$5,973$5,449$4,968$4,382
10 years$6,380$5,767$5,207$4,697$4,233$3,674
11 years$5,741$5,134$4,584$4,088$3,640$3,108
12 years$5,209$4,608$4,068$3,585$3,155$2,649
13 years$4,759$4,164$3,635$3,165$2,751$2,270
14 years$4,373$3,785$3,266$2,810$2,411$1,955
15 years$4,040$3,458$2,949$2,506$2,123$1,691
16 years$3,748$3,173$2,673$2,244$1,877$1,467
17 years$3,491$2,922$2,433$2,016$1,664$1,277
18 years$3,263$2,700$2,221$1,817$1,479$1,114
19 years$3,059$2,502$2,033$1,642$1,319$974
20 years$2,875$2,325$1,866$1,487$1,178$853
21 years$2,710$2,166$1,716$1,349$1,054$749
22 years$2,559$2,022$1,582$1,227$945$658
23 years$2,422$1,891$1,460$1,117$848$579
24 years$2,296$1,772$1,351$1,019$762$509
25 years$2,181$1,663$1,251$931$686$449
26 years$2,075$1,563$1,160$851$618$396
27 years$1,977$1,471$1,077$779$557$350
28 years$1,886$1,386$1,002$714$503$309
29 years$1,801$1,307$932$654$454$273
30 years$1,722$1,235$868$601$410$241
31 years$1,648$1,167$809$552$371$213
32 years$1,580$1,104$755$507$335$189
33 years$1,515$1,046$705$466$304$167
34 years$1,454$991$659$429$275$148
35 years$1,397$940$616$395$249$131
36 years$1,344$892$576$364$226$116
37 years$1,293$847$539$335$204$103
38 years$1,245$805$505$309$185$91
39 years$1,200$766$473$285$168$81
40 years$1,157$729$443$263$152$72
41 years$1,116$694$416$242$138$63
42 years$1,077$661$390$224$125$56
43 years$1,040$629$366$206$114$50
44 years$1,005$600$344$191$103$44
45 years$972$572$323$176$94$39
46 years$940$546$303$163$85$35
47 years$909$521$285$150$77$31
48 years$880$497$268$139$70$27
49 years$853$475$251$128$64$24
50 years$826$454$236$119$58$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $846,000, adding $5,875 every year, while hoping to spend $46,362 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: 39/46/15 Blend
68$846,000$846,000$846,000$846,000
69$938,352$893,514$880,401$970,517
70$984,735$887,967$860,566$988,431
71$1,034,295$880,595$838,512$1,002,859
72$1,087,308$871,259$814,117$1,017,464
73$1,144,075$859,812$787,251$1,032,284
74$1,204,926$846,098$757,780$1,047,365
75$1,270,226$829,954$725,562$1,062,763
76$1,340,371$811,204$690,451$1,078,542
77$1,415,799$789,664$652,291$1,094,776
78$1,496,991$765,137$610,923$1,111,552
79$1,584,472$737,417$566,178$1,128,971
80$1,678,823$706,285$517,879$1,147,150
81$1,780,679$671,509$465,843$1,166,220
82$1,890,738$632,843$409,879$1,186,335
83$2,009,768$590,028$349,785$1,207,667
84$2,138,615$542,789$285,353$1,230,416
85$2,278,205$490,837$216,364$1,254,807
86$2,429,559$433,865$142,589$1,281,094
87$2,593,798$371,549$63,791$1,309,567
88$2,772,158$303,547$0$1,340,553
89$2,965,995$229,497$0$1,377,670
90$3,176,802$149,018$0$1,429,191
91$3,406,222$61,706$0$1,485,406
92$3,656,062$0$0$1,546,887
93$3,928,312$0$0$1,630,907
94$4,225,161$0$0$1,756,678
95$4,549,017$0$0$1,894,000
96$4,902,532$0$0$2,044,010
97$5,288,626$0$0$2,207,961
98$5,710,511$0$0$2,387,232
99$6,171,726$0$0$2,583,341
100$6,676,165$0$0$2,797,961