Can I retire at age 69 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$71,018$70,385$69,768$69,166$68,578$67,918
2 years$35,157$34,503$33,868$33,253$32,656$31,992
3 years$23,205$22,548$21,915$21,305$20,718$20,070
4 years$17,231$16,575$15,948$15,349$14,776$14,148
5 years$13,647$12,995$12,377$11,790$11,233$10,627
6 years$11,258$10,611$10,002$9,428$8,888$8,306
7 years$9,553$8,911$8,312$7,752$7,228$6,670
8 years$8,274$7,639$7,049$6,503$5,997$5,462
9 years$7,280$6,651$6,071$5,539$5,050$4,539
10 years$6,486$5,862$5,293$4,774$4,303$3,814
11 years$5,836$5,219$4,660$4,155$3,701$3,235
12 years$5,295$4,684$4,136$3,645$3,207$2,763
13 years$4,838$4,233$3,695$3,218$2,796$2,375
14 years$4,446$3,848$3,320$2,856$2,451$2,051
15 years$4,107$3,515$2,997$2,547$2,158$1,778
16 years$3,810$3,225$2,718$2,281$1,908$1,547
17 years$3,549$2,970$2,473$2,049$1,691$1,351
18 years$3,317$2,745$2,257$1,847$1,504$1,182
19 years$3,109$2,544$2,067$1,669$1,340$1,036
20 years$2,923$2,364$1,897$1,511$1,197$910
21 years$2,754$2,202$1,745$1,372$1,071$801
22 years$2,601$2,055$1,608$1,247$960$706
23 years$2,462$1,922$1,485$1,136$862$623
24 years$2,334$1,801$1,373$1,036$775$550
25 years$2,217$1,690$1,272$946$697$486
26 years$2,109$1,588$1,179$865$628$430
27 years$2,009$1,495$1,095$792$566$381
28 years$1,917$1,409$1,018$725$511$338
29 years$1,831$1,329$947$665$461$299
30 years$1,751$1,255$882$611$417$266
31 years$1,676$1,186$823$561$377$236
32 years$1,606$1,123$768$515$341$209
33 years$1,540$1,063$717$474$309$186
34 years$1,479$1,008$670$436$279$165
35 years$1,421$956$626$401$253$147
36 years$1,366$907$586$370$229$130
37 years$1,314$861$548$341$208$116
38 years$1,266$819$513$314$188$103
39 years$1,219$779$481$289$171$92
40 years$1,176$741$451$267$155$81
41 years$1,134$705$423$246$141$72
42 years$1,095$671$397$227$128$64
43 years$1,057$640$372$210$116$57
44 years$1,022$610$349$194$105$51
45 years$988$582$328$179$95$45
46 years$955$555$308$165$87$40
47 years$925$529$289$153$79$36
48 years$895$505$272$141$71$32
49 years$867$483$256$130$65$28
50 years$840$461$240$121$59$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $860,000, adding $3,973 every year, while hoping to spend $58,951 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: 63/16/21 Blend
68$860,000$860,000$860,000$860,000
69$951,818$906,238$892,908$1,006,380
70$986,180$887,920$860,097$1,025,329
71$1,022,071$866,729$824,211$1,039,058
72$1,059,585$842,462$785,085$1,052,699
73$1,098,824$814,903$742,546$1,066,249
74$1,139,896$783,825$696,413$1,079,707
75$1,182,921$748,988$646,499$1,093,074
76$1,228,027$710,137$592,604$1,106,354
77$1,275,354$667,002$534,525$1,119,554
78$1,325,053$619,298$472,045$1,132,686
79$1,377,290$566,725$404,940$1,145,764
80$1,432,243$508,964$332,975$1,158,809
81$1,490,107$445,678$255,904$1,171,846
82$1,551,093$376,513$173,473$1,184,907
83$1,615,434$301,091$85,414$1,198,033
84$1,683,381$219,017$0$1,211,270
85$1,755,208$129,871$0$1,226,595
86$1,831,216$33,211$0$1,262,707
87$1,911,731$0$0$1,300,595
88$1,997,111$0$0$1,353,000
89$2,087,747$0$0$1,414,869
90$2,184,066$0$0$1,480,651
91$2,286,536$0$0$1,550,668
92$2,395,668$0$0$1,625,276
93$2,512,022$0$0$1,704,861
94$2,636,213$0$0$1,789,849
95$2,768,912$0$0$1,880,705
96$2,910,856$0$0$1,977,939
97$3,062,853$0$0$2,082,112
98$3,225,790$0$0$2,193,836
99$3,400,637$0$0$2,313,786
100$3,588,462$0$0$2,442,700