Can I retire at age 69 with 851,000?

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 $851,000?

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$70,275$69,649$69,038$68,442$67,860$66,708
2 years$34,789$34,142$33,514$32,905$32,314$31,158
3 years$22,963$22,312$21,686$21,082$20,501$19,376
4 years$17,050$16,402$15,782$15,189$14,622$13,536
5 years$13,504$12,859$12,247$11,666$11,115$10,072
6 years$11,140$10,500$9,897$9,330$8,795$7,796
7 years$9,453$8,818$8,225$7,670$7,153$6,198
8 years$8,188$7,559$6,975$6,435$5,934$5,023
9 years$7,204$6,581$6,008$5,481$4,997$4,130
10 years$6,418$5,801$5,238$4,725$4,258$3,433
11 years$5,775$5,164$4,611$4,112$3,662$2,879
12 years$5,240$4,635$4,092$3,607$3,173$2,431
13 years$4,787$4,189$3,656$3,184$2,767$2,065
14 years$4,399$3,808$3,285$2,826$2,426$1,762
15 years$4,064$3,478$2,966$2,521$2,136$1,509
16 years$3,770$3,191$2,689$2,257$1,888$1,297
17 years$3,512$2,939$2,447$2,028$1,674$1,118
18 years$3,282$2,716$2,234$1,828$1,488$965
19 years$3,077$2,517$2,045$1,651$1,326$835
20 years$2,892$2,339$1,877$1,496$1,185$724
21 years$2,726$2,179$1,726$1,357$1,060$629
22 years$2,574$2,034$1,591$1,234$950$547
23 years$2,436$1,902$1,469$1,124$853$476
24 years$2,310$1,782$1,359$1,025$767$414
25 years$2,194$1,672$1,258$936$690$361
26 years$2,087$1,572$1,167$856$622$315
27 years$1,988$1,479$1,084$784$560$275
28 years$1,897$1,394$1,007$718$506$240
29 years$1,812$1,315$938$658$457$210
30 years$1,732$1,242$873$604$413$183
31 years$1,658$1,174$814$555$373$160
32 years$1,589$1,111$760$510$337$140
33 years$1,524$1,052$709$469$305$123
34 years$1,463$997$663$431$276$107
35 years$1,406$946$620$397$250$94
36 years$1,352$898$580$366$227$82
37 years$1,301$852$542$337$206$72
38 years$1,252$810$508$311$186$63
39 years$1,207$770$476$286$169$55
40 years$1,163$733$446$264$153$48
41 years$1,122$698$418$244$139$42
42 years$1,083$664$392$225$126$37
43 years$1,046$633$368$208$115$32
44 years$1,011$603$346$192$104$28
45 years$977$575$325$177$94$25
46 years$945$549$305$164$86$22
47 years$915$524$286$151$78$19
48 years$886$500$269$140$71$17
49 years$858$478$253$129$64$15
50 years$831$456$238$119$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $851,000, adding $4,732 every year, while hoping to spend $47,268 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: 36/38/26 Blend
68$851,000$851,000$851,000$851,000
69$942,683$897,580$884,390$969,106
70$988,544$891,269$863,724$982,765
71$1,037,498$883,064$840,782$992,852
72$1,089,812$872,823$815,437$1,002,818
73$1,145,776$860,394$787,557$1,012,683
74$1,205,710$845,618$757,005$1,022,471
75$1,269,963$828,325$723,635$1,032,216
76$1,338,921$808,334$687,298$1,041,959
77$1,413,004$785,455$647,836$1,051,747
78$1,492,675$759,487$605,083$1,061,641
79$1,578,442$730,216$558,867$1,071,710
80$1,670,863$697,416$509,009$1,082,037
81$1,770,550$660,850$455,321$1,092,721
82$1,878,178$620,262$397,605$1,103,874
83$1,994,485$575,388$335,658$1,115,629
84$2,120,284$525,944$269,264$1,128,138
85$2,256,469$471,632$198,201$1,141,576
86$2,404,023$412,135$122,234$1,156,146
87$2,564,025$347,121$41,121$1,172,077
88$2,737,663$276,238$0$1,189,631
89$2,926,243$199,112$0$1,221,715
90$3,131,203$115,352$0$1,269,053
91$3,354,123$24,541$0$1,320,688
92$3,596,742$0$0$1,377,135
93$3,860,974$0$0$1,469,808
94$4,148,925$0$0$1,582,093
95$4,462,912$0$0$1,704,646
96$4,805,486$0$0$1,838,477
97$5,179,454$0$0$1,984,697
98$5,587,906$0$0$2,144,530
99$6,034,246$0$0$2,319,324
100$6,522,217$0$0$2,510,563