Can I retire at age 69 with 857,000?

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 $857,000?

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$70,770$70,140$69,525$68,925$68,338$66,444
2 years$35,035$34,382$33,750$33,137$32,542$30,648
3 years$23,125$22,469$21,838$21,231$20,646$18,811
4 years$17,171$16,517$15,893$15,296$14,725$12,963
5 years$13,599$12,950$12,333$11,749$11,194$9,510
6 years$11,219$10,574$9,967$9,395$8,857$7,253
7 years$9,519$8,880$8,283$7,725$7,203$5,679
8 years$8,245$7,612$7,025$6,480$5,976$4,531
9 years$7,255$6,628$6,050$5,519$5,032$3,665
10 years$6,463$5,842$5,275$4,758$4,288$2,996
11 years$5,816$5,201$4,644$4,141$3,688$2,470
12 years$5,277$4,668$4,121$3,632$3,196$2,050
13 years$4,821$4,218$3,682$3,206$2,787$1,710
14 years$4,430$3,834$3,308$2,846$2,443$1,432
15 years$4,092$3,503$2,987$2,538$2,151$1,204
16 years$3,797$3,214$2,708$2,273$1,901$1,015
17 years$3,536$2,960$2,464$2,042$1,686$858
18 years$3,305$2,735$2,250$1,840$1,499$726
19 years$3,098$2,535$2,059$1,663$1,336$616
20 years$2,913$2,355$1,890$1,506$1,193$523
21 years$2,745$2,194$1,738$1,367$1,068$445
22 years$2,592$2,048$1,602$1,243$957$379
23 years$2,453$1,915$1,479$1,132$859$323
24 years$2,326$1,795$1,368$1,032$772$275
25 years$2,209$1,684$1,267$943$695$235
26 years$2,102$1,583$1,175$862$626$200
27 years$2,002$1,490$1,091$789$564$171
28 years$1,910$1,404$1,015$723$509$146
29 years$1,824$1,324$944$663$460$125
30 years$1,744$1,251$879$608$415$107
31 years$1,670$1,182$820$559$376$91
32 years$1,600$1,119$765$514$340$78
33 years$1,535$1,059$714$472$307$67
34 years$1,473$1,004$667$435$278$57
35 years$1,416$952$624$400$252$49
36 years$1,361$904$584$368$228$42
37 years$1,310$858$546$339$207$36
38 years$1,261$816$512$313$188$31
39 years$1,215$776$479$288$170$26
40 years$1,172$738$449$266$154$22
41 years$1,130$703$421$245$140$19
42 years$1,091$669$395$227$127$16
43 years$1,054$638$371$209$115$14
44 years$1,018$608$348$193$105$12
45 years$984$580$327$178$95$10
46 years$952$553$307$165$86$9
47 years$921$528$288$152$78$8
48 years$892$504$271$141$71$6
49 years$864$481$255$130$65$6
50 years$837$459$239$120$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $857,000, adding $6,874 every year, while hoping to spend $58,840 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: 55/27/18 Blend
68$857,000$857,000$857,000$857,000
69$951,505$906,084$892,800$998,890
70$985,953$887,876$860,104$1,013,782
71$1,021,942$866,805$824,340$1,023,123
72$1,059,569$842,667$785,343$1,031,991
73$1,098,935$815,248$742,943$1,040,355
74$1,140,153$784,321$696,957$1,048,186
75$1,183,341$749,646$647,198$1,055,453
76$1,228,633$710,969$593,470$1,062,128
77$1,276,168$668,021$535,566$1,068,182
78$1,326,102$620,519$473,272$1,073,589
79$1,378,602$568,162$406,364$1,078,324
80$1,433,850$510,632$334,608$1,082,363
81$1,492,043$447,594$257,759$1,085,687
82$1,553,399$378,694$175,561$1,088,277
83$1,618,152$303,556$87,748$1,090,123
84$1,686,558$221,785$0$1,091,214
85$1,758,898$132,963$0$1,092,694
86$1,835,476$36,648$0$1,111,481
87$1,916,625$0$0$1,130,775
88$2,002,711$0$0$1,170,747
89$2,094,131$0$0$1,224,799
90$2,191,321$0$0$1,282,305
91$2,294,757$0$0$1,343,553
92$2,404,962$0$0$1,408,858
93$2,522,505$0$0$1,478,565
94$2,648,014$0$0$1,553,050
95$2,782,173$0$0$1,632,729
96$2,925,734$0$0$1,718,054
97$3,079,521$0$0$1,809,525
98$3,244,439$0$0$1,907,687
99$3,421,479$0$0$2,013,140
100$3,611,729$0$0$2,126,541