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%14.7%
1 years$70,275$69,649$69,038$68,442$67,860$66,544
2 years$34,789$34,142$33,514$32,905$32,314$30,994
3 years$22,963$22,312$21,686$21,082$20,501$19,218
4 years$17,050$16,402$15,782$15,189$14,622$13,385
5 years$13,504$12,859$12,247$11,666$11,115$9,928
6 years$11,140$10,500$9,897$9,330$8,795$7,660
7 years$9,453$8,818$8,225$7,670$7,153$6,069
8 years$8,188$7,559$6,975$6,435$5,934$4,901
9 years$7,204$6,581$6,008$5,481$4,997$4,015
10 years$6,418$5,801$5,238$4,725$4,258$3,326
11 years$5,775$5,164$4,611$4,112$3,662$2,778
12 years$5,240$4,635$4,092$3,607$3,173$2,337
13 years$4,787$4,189$3,656$3,184$2,767$1,977
14 years$4,399$3,808$3,285$2,826$2,426$1,680
15 years$4,064$3,478$2,966$2,521$2,136$1,433
16 years$3,770$3,191$2,689$2,257$1,888$1,227
17 years$3,512$2,939$2,447$2,028$1,674$1,053
18 years$3,282$2,716$2,234$1,828$1,488$905
19 years$3,077$2,517$2,045$1,651$1,326$780
20 years$2,892$2,339$1,877$1,496$1,185$673
21 years$2,726$2,179$1,726$1,357$1,060$582
22 years$2,574$2,034$1,591$1,234$950$503
23 years$2,436$1,902$1,469$1,124$853$436
24 years$2,310$1,782$1,359$1,025$767$378
25 years$2,194$1,672$1,258$936$690$328
26 years$2,087$1,572$1,167$856$622$285
27 years$1,988$1,479$1,084$784$560$247
28 years$1,897$1,394$1,007$718$506$215
29 years$1,812$1,315$938$658$457$187
30 years$1,732$1,242$873$604$413$162
31 years$1,658$1,174$814$555$373$141
32 years$1,589$1,111$760$510$337$123
33 years$1,524$1,052$709$469$305$107
34 years$1,463$997$663$431$276$93
35 years$1,406$946$620$397$250$81
36 years$1,352$898$580$366$227$71
37 years$1,301$852$542$337$206$62
38 years$1,252$810$508$311$186$54
39 years$1,207$770$476$286$169$47
40 years$1,163$733$446$264$153$41
41 years$1,122$698$418$244$139$35
42 years$1,083$664$392$225$126$31
43 years$1,046$633$368$208$115$27
44 years$1,011$603$346$192$104$23
45 years$977$575$325$177$94$20
46 years$945$549$305$164$86$18
47 years$915$524$286$151$78$16
48 years$886$500$269$140$71$14
49 years$858$478$253$129$64$12
50 years$831$456$238$119$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $851,000, adding $5,682 every year, while hoping to spend $31,751 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: 49/27/24 Blend
68$851,000$851,000$851,000$851,000
69$943,663$898,560$885,369$983,248
70$1,006,134$908,807$881,247$1,021,685
71$1,073,912$918,491$875,921$1,059,782
72$1,147,507$927,553$869,320$1,100,529
73$1,227,476$935,926$861,365$1,144,189
74$1,314,433$943,541$851,976$1,191,056
75$1,409,056$950,325$841,068$1,241,452
76$1,512,087$956,199$828,551$1,295,734
77$1,624,346$961,079$814,334$1,354,299
78$1,746,734$964,875$798,318$1,417,582
79$1,880,240$967,494$780,402$1,486,068
80$2,025,958$968,835$760,478$1,560,291
81$2,185,088$968,790$738,436$1,640,841
82$2,358,952$967,246$714,159$1,728,372
83$2,549,006$964,082$687,525$1,823,605
84$2,756,854$959,171$658,406$1,927,339
85$2,984,259$952,376$626,668$2,040,453
86$3,233,165$943,554$592,173$2,163,923
87$3,505,711$932,551$554,774$2,298,825
88$3,804,254$919,207$514,320$2,446,347
89$4,131,389$903,349$470,650$2,607,802
90$4,489,973$884,796$423,600$2,784,642
91$4,883,154$863,354$372,994$2,978,468
92$5,314,399$838,821$318,652$3,191,049
93$5,787,524$810,981$260,384$3,424,339
94$6,306,738$779,605$197,993$3,680,497
95$6,876,670$744,451$131,271$3,961,902
96$7,502,426$705,264$60,003$4,271,186
97$8,189,624$661,773$0$4,611,251
98$8,944,459$613,693$0$4,989,412
99$9,773,751$560,721$0$5,421,762
100$10,685,014$502,537$0$5,896,884