Can I retire at age 69 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$70,853$70,222$69,606$69,005$68,418$67,987
2 years$35,076$34,422$33,789$33,175$32,580$32,145
3 years$23,151$22,495$21,864$21,256$20,670$20,245
4 years$17,191$16,537$15,911$15,314$14,742$14,330
5 years$13,615$12,965$12,348$11,762$11,207$10,809
6 years$11,232$10,587$9,979$9,406$8,867$8,484
7 years$9,531$8,891$8,293$7,734$7,212$6,843
8 years$8,255$7,621$7,033$6,487$5,983$5,629
9 years$7,264$6,635$6,057$5,526$5,038$4,700
10 years$6,471$5,849$5,281$4,763$4,293$3,969
11 years$5,823$5,207$4,649$4,146$3,692$3,382
12 years$5,283$4,673$4,126$3,636$3,199$2,904
13 years$4,826$4,223$3,686$3,210$2,790$2,508
14 years$4,436$3,839$3,312$2,850$2,446$2,178
15 years$4,097$3,507$2,990$2,541$2,153$1,898
16 years$3,801$3,218$2,711$2,276$1,903$1,661
17 years$3,541$2,963$2,467$2,045$1,687$1,458
18 years$3,309$2,738$2,252$1,843$1,500$1,283
19 years$3,102$2,538$2,062$1,665$1,337$1,131
20 years$2,916$2,358$1,892$1,508$1,195$1,000
21 years$2,748$2,197$1,740$1,369$1,069$885
22 years$2,595$2,050$1,604$1,244$958$785
23 years$2,456$1,918$1,481$1,133$860$696
24 years$2,329$1,797$1,370$1,034$773$619
25 years$2,212$1,686$1,269$944$696$551
26 years$2,104$1,585$1,177$863$627$490
27 years$2,005$1,491$1,093$790$565$437
28 years$1,912$1,405$1,016$724$510$390
29 years$1,826$1,326$945$664$460$348
30 years$1,747$1,252$880$609$416$310
31 years$1,672$1,184$821$559$376$277
32 years$1,602$1,120$766$514$340$248
33 years$1,537$1,061$715$473$308$221
34 years$1,475$1,005$668$435$279$198
35 years$1,417$953$625$400$252$177
36 years$1,363$905$584$369$229$158
37 years$1,311$859$547$340$207$142
38 years$1,263$817$512$313$188$127
39 years$1,217$777$480$289$170$114
40 years$1,173$739$450$266$155$102
41 years$1,132$703$422$246$140$91
42 years$1,092$670$396$227$127$82
43 years$1,055$638$371$209$115$73
44 years$1,019$608$348$193$105$66
45 years$986$580$327$179$95$59
46 years$953$553$307$165$86$53
47 years$922$528$289$152$78$47
48 years$893$504$271$141$71$42
49 years$865$482$255$130$65$38
50 years$838$460$240$120$59$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $858,000, adding $5,019 every year, while hoping to spend $59,234 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: 64/8/28 Blend
68$858,000$858,000$858,000$858,000
69$950,693$905,219$891,920$1,004,168
70$984,639$886,550$858,775$1,022,310
71$1,020,063$864,981$822,534$1,035,152
72$1,057,051$840,308$783,031$1,047,899
73$1,095,701$812,313$740,093$1,060,549
74$1,136,114$780,768$693,537$1,073,103
75$1,178,401$745,429$643,175$1,085,564
76$1,222,683$706,041$588,806$1,097,939
77$1,269,091$662,331$530,226$1,110,237
78$1,317,766$614,012$467,216$1,122,472
79$1,368,861$560,782$399,551$1,134,660
80$1,422,544$502,319$326,994$1,146,825
81$1,478,995$438,285$249,300$1,158,995
82$1,538,411$368,320$166,211$1,171,204
83$1,601,008$292,046$77,458$1,183,494
84$1,667,019$209,064$0$1,195,916
85$1,736,697$118,951$0$1,213,685
86$1,810,322$21,261$0$1,256,747
87$1,888,196$0$0$1,302,109
88$1,970,649$0$0$1,357,398
89$2,058,043$0$0$1,418,013
90$2,150,773$0$0$1,482,358
91$2,249,269$0$0$1,550,738
92$2,354,004$0$0$1,623,483
93$2,465,495$0$0$1,700,958
94$2,584,306$0$0$1,783,559
95$2,711,056$0$0$1,871,722
96$2,846,424$0$0$1,965,924
97$2,991,154$0$0$2,066,688
98$3,146,059$0$0$2,174,588
99$3,312,034$0$0$2,290,252
100$3,490,058$0$0$2,414,371