Can I retire at age 69 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$69,944$69,321$68,714$68,120$67,541$65,669
2 years$34,626$33,981$33,356$32,750$32,162$30,290
3 years$22,855$22,207$21,584$20,983$20,405$18,591
4 years$16,970$16,325$15,707$15,117$14,553$12,812
5 years$13,440$12,799$12,190$11,612$11,063$9,399
6 years$11,088$10,451$9,851$9,286$8,754$7,169
7 years$9,408$8,777$8,186$7,634$7,119$5,613
8 years$8,149$7,523$6,943$6,404$5,906$4,478
9 years$7,170$6,550$5,980$5,455$4,974$3,622
10 years$6,388$5,774$5,213$4,702$4,238$2,961
11 years$5,748$5,140$4,590$4,092$3,645$2,441
12 years$5,215$4,613$4,073$3,590$3,158$2,026
13 years$4,765$4,169$3,639$3,169$2,754$1,690
14 years$4,379$3,790$3,270$2,813$2,414$1,415
15 years$4,045$3,462$2,952$2,509$2,126$1,190
16 years$3,753$3,176$2,677$2,246$1,879$1,003
17 years$3,495$2,925$2,436$2,018$1,666$848
18 years$3,267$2,703$2,223$1,819$1,481$718
19 years$3,062$2,505$2,035$1,644$1,320$609
20 years$2,879$2,328$1,868$1,489$1,179$517
21 years$2,713$2,168$1,718$1,351$1,055$440
22 years$2,562$2,024$1,584$1,228$946$374
23 years$2,425$1,893$1,462$1,119$849$319
24 years$2,299$1,774$1,352$1,020$763$272
25 years$2,184$1,665$1,252$932$687$232
26 years$2,077$1,564$1,162$852$619$198
27 years$1,979$1,472$1,079$780$558$169
28 years$1,888$1,387$1,003$715$503$145
29 years$1,803$1,309$933$655$454$123
30 years$1,724$1,236$869$601$411$106
31 years$1,650$1,168$810$552$371$90
32 years$1,581$1,106$756$508$336$77
33 years$1,517$1,047$706$467$304$66
34 years$1,456$992$660$429$275$56
35 years$1,399$941$617$395$249$48
36 years$1,345$893$577$364$226$41
37 years$1,294$848$540$335$205$35
38 years$1,246$806$506$309$186$30
39 years$1,201$767$474$285$168$26
40 years$1,158$730$444$263$153$22
41 years$1,117$694$416$243$138$19
42 years$1,078$661$391$224$126$16
43 years$1,041$630$366$207$114$14
44 years$1,006$601$344$191$103$12
45 years$973$573$323$176$94$10
46 years$941$546$303$163$85$9
47 years$911$521$285$150$77$7
48 years$881$498$268$139$70$6
49 years$854$475$252$128$64$5
50 years$827$454$237$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $847,000, adding $3,409 every year, while hoping to spend $37,114 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: 60/24/16 Blend
68$847,000$847,000$847,000$847,000
69$936,910$892,019$878,891$989,118
70$992,986$896,239$868,845$1,028,965
71$1,053,538$899,422$857,218$1,067,978
72$1,118,983$901,478$843,919$1,109,669
73$1,189,780$902,311$828,851$1,154,301
74$1,266,432$901,819$811,912$1,202,166
75$1,349,496$899,896$792,999$1,253,586
76$1,439,579$896,425$771,999$1,308,916
77$1,537,352$891,286$748,797$1,368,551
78$1,643,553$884,350$723,272$1,432,925
79$1,758,991$875,479$695,298$1,502,519
80$1,884,561$864,530$664,743$1,577,865
81$2,021,242$851,348$631,468$1,659,550
82$2,170,115$835,770$595,328$1,748,224
83$2,332,368$817,625$556,173$1,844,604
84$2,509,309$796,728$513,845$1,949,483
85$2,702,379$772,887$468,179$2,063,738
86$2,913,160$745,898$419,002$2,188,335
87$3,143,398$715,543$366,134$2,324,344
88$3,395,013$681,593$309,388$2,472,946
89$3,670,119$643,805$248,567$2,635,445
90$3,971,044$601,924$183,466$2,813,283
91$4,300,349$555,677$113,871$3,008,050
92$4,660,858$504,779$39,559$3,221,503
93$5,055,678$448,925$0$3,455,582
94$5,488,231$387,796$0$3,719,215
95$5,962,286$321,054$0$4,015,629
96$6,481,993$248,340$0$4,340,718
97$7,051,925$169,277$0$4,697,409
98$7,677,116$83,466$0$5,088,931
99$8,363,112$0$0$5,518,845
100$9,116,022$0$0$5,993,591