Can I retire at age 69 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$70,027$69,403$68,795$68,201$67,621$66,255
2 years$34,667$34,021$33,395$32,789$32,200$30,831
3 years$22,882$22,233$21,609$21,008$20,429$19,098
4 years$16,990$16,344$15,726$15,135$14,570$13,288
5 years$13,456$12,814$12,204$11,625$11,076$9,846
6 years$11,101$10,463$9,863$9,297$8,764$7,588
7 years$9,419$8,787$8,196$7,643$7,128$6,005
8 years$8,159$7,532$6,951$6,412$5,913$4,844
9 years$7,179$6,558$5,987$5,461$4,980$3,964
10 years$6,395$5,781$5,219$4,708$4,243$3,279
11 years$5,755$5,146$4,595$4,097$3,649$2,736
12 years$5,221$4,619$4,078$3,594$3,162$2,299
13 years$4,770$4,174$3,643$3,173$2,757$1,942
14 years$4,384$3,794$3,274$2,816$2,417$1,648
15 years$4,049$3,466$2,956$2,512$2,128$1,404
16 years$3,757$3,180$2,680$2,249$1,881$1,200
17 years$3,499$2,929$2,438$2,021$1,668$1,028
18 years$3,270$2,706$2,226$1,821$1,483$883
19 years$3,066$2,508$2,038$1,646$1,322$759
20 years$2,882$2,331$1,870$1,490$1,181$654
21 years$2,716$2,171$1,720$1,353$1,057$565
22 years$2,565$2,026$1,585$1,230$947$488
23 years$2,428$1,895$1,464$1,120$850$422
24 years$2,302$1,776$1,354$1,022$764$365
25 years$2,186$1,667$1,254$933$688$316
26 years$2,080$1,566$1,163$853$619$274
27 years$1,981$1,474$1,080$781$558$238
28 years$1,890$1,389$1,004$715$504$206
29 years$1,805$1,310$934$656$455$179
30 years$1,726$1,237$870$602$411$155
31 years$1,652$1,170$811$553$372$135
32 years$1,583$1,107$757$508$336$117
33 years$1,519$1,048$707$467$304$102
34 years$1,458$993$660$430$275$89
35 years$1,401$942$617$396$250$77
36 years$1,347$894$578$365$226$67
37 years$1,296$849$541$336$205$58
38 years$1,248$807$506$310$186$51
39 years$1,202$768$474$285$168$44
40 years$1,159$730$445$263$153$38
41 years$1,118$695$417$243$139$33
42 years$1,080$662$391$224$126$29
43 years$1,043$631$367$207$114$25
44 years$1,008$601$344$191$104$22
45 years$974$573$323$176$94$19
46 years$942$547$304$163$85$17
47 years$912$522$285$151$78$14
48 years$882$498$268$139$70$13
49 years$855$476$252$129$64$11
50 years$828$455$237$119$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $848,000, adding $5,029 every year, while hoping to spend $34,845 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: 57/31/12 Blend
68$848,000$848,000$848,000$848,000
69$939,683$894,739$881,595$990,147
70$998,456$901,507$874,054$1,031,599
71$1,062,056$907,438$865,092$1,072,457
72$1,130,939$912,455$854,625$1,116,151
73$1,205,604$916,476$842,566$1,162,959
74$1,286,604$919,411$828,820$1,213,188
75$1,374,544$921,169$813,292$1,267,174
76$1,470,090$921,648$795,879$1,325,293
77$1,573,975$920,745$776,477$1,387,956
78$1,687,006$918,346$754,974$1,455,620
79$1,810,068$914,333$731,254$1,528,789
80$1,944,139$908,580$705,195$1,608,022
81$2,090,293$900,952$676,670$1,693,932
82$2,249,712$891,307$645,548$1,787,200
83$2,423,697$879,496$611,688$1,888,578
84$2,613,681$865,358$574,947$1,998,896
85$2,821,241$848,725$535,171$2,119,069
86$3,048,112$829,416$492,204$2,250,112
87$3,296,205$807,244$445,879$2,393,143
88$3,567,626$782,006$396,023$2,549,395
89$3,864,690$753,491$342,456$2,720,235
90$4,189,949$721,473$284,990$2,907,168
91$4,546,214$685,715$223,427$3,111,856
92$4,936,577$645,965$157,561$3,336,137
93$5,364,447$601,956$87,178$3,582,038
94$5,833,577$553,408$12,055$3,851,798
95$6,348,099$500,023$0$4,147,885
96$6,912,567$441,485$0$4,481,751
97$7,531,995$377,464$0$4,849,897
98$8,211,906$307,607$0$5,254,134
99$8,958,385$231,545$0$5,698,163
100$9,778,134$148,885$0$6,186,066