Can I retire at age 69 with 860,000?

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 $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%16.6%
1 years$71,018$70,385$69,768$69,166$68,578$66,730
2 years$35,157$34,503$33,868$33,253$32,656$30,808
3 years$23,205$22,548$21,915$21,305$20,718$18,928
4 years$17,231$16,575$15,948$15,349$14,776$13,057
5 years$13,647$12,995$12,377$11,790$11,233$9,589
6 years$11,258$10,611$10,002$9,428$8,888$7,321
7 years$9,553$8,911$8,312$7,752$7,228$5,739
8 years$8,274$7,639$7,049$6,503$5,997$4,584
9 years$7,280$6,651$6,071$5,539$5,050$3,713
10 years$6,486$5,862$5,293$4,774$4,303$3,039
11 years$5,836$5,219$4,660$4,155$3,701$2,508
12 years$5,295$4,684$4,136$3,645$3,207$2,084
13 years$4,838$4,233$3,695$3,218$2,796$1,741
14 years$4,446$3,848$3,320$2,856$2,451$1,460
15 years$4,107$3,515$2,997$2,547$2,158$1,229
16 years$3,810$3,225$2,718$2,281$1,908$1,038
17 years$3,549$2,970$2,473$2,049$1,691$878
18 years$3,317$2,745$2,257$1,847$1,504$745
19 years$3,109$2,544$2,067$1,669$1,340$633
20 years$2,923$2,364$1,897$1,511$1,197$538
21 years$2,754$2,202$1,745$1,372$1,071$459
22 years$2,601$2,055$1,608$1,247$960$391
23 years$2,462$1,922$1,485$1,136$862$334
24 years$2,334$1,801$1,373$1,036$775$285
25 years$2,217$1,690$1,272$946$697$243
26 years$2,109$1,588$1,179$865$628$208
27 years$2,009$1,495$1,095$792$566$178
28 years$1,917$1,409$1,018$725$511$152
29 years$1,831$1,329$947$665$461$130
30 years$1,751$1,255$882$611$417$112
31 years$1,676$1,186$823$561$377$96
32 years$1,606$1,123$768$515$341$82
33 years$1,540$1,063$717$474$309$70
34 years$1,479$1,008$670$436$279$60
35 years$1,421$956$626$401$253$52
36 years$1,366$907$586$370$229$44
37 years$1,314$861$548$341$208$38
38 years$1,266$819$513$314$188$32
39 years$1,219$779$481$289$171$28
40 years$1,176$741$451$267$155$24
41 years$1,134$705$423$246$141$20
42 years$1,095$671$397$227$128$18
43 years$1,057$640$372$210$116$15
44 years$1,022$610$349$194$105$13
45 years$988$582$328$179$95$11
46 years$955$555$308$165$87$9
47 years$925$529$289$153$79$8
48 years$895$505$272$141$71$7
49 years$867$483$256$130$65$6
50 years$840$461$240$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $860,000, adding $6,256 every year, while hoping to spend $28,978 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: 83/10/7 Blend
68$860,000$860,000$860,000$860,000
69$954,173$908,593$895,263$1,032,230
70$1,020,666$922,282$894,422$1,097,851
71$1,092,971$935,670$892,582$1,165,345
72$1,171,648$948,712$889,678$1,238,559
73$1,257,318$961,361$885,643$1,318,047
74$1,350,659$973,563$880,407$1,404,422
75$1,452,422$985,263$873,897$1,498,358
76$1,563,431$996,402$866,034$1,600,597
77$1,684,593$1,006,918$856,738$1,711,957
78$1,816,907$1,016,742$845,924$1,833,338
79$1,961,472$1,025,803$833,503$1,965,732
80$2,119,498$1,034,024$819,382$2,110,231
81$2,292,319$1,041,323$803,463$2,268,040
82$2,481,402$1,047,614$785,645$2,440,482
83$2,688,361$1,052,804$765,821$2,629,020
84$2,914,978$1,056,794$743,879$2,835,262
85$3,163,209$1,059,481$719,703$3,060,980
86$3,435,214$1,060,754$693,171$3,308,128
87$3,733,369$1,060,493$664,155$3,578,858
88$4,060,289$1,058,574$632,521$3,875,540
89$4,418,858$1,054,864$598,130$4,200,788
90$4,812,250$1,049,221$560,836$4,557,479
91$5,243,963$1,041,495$520,486$4,948,785
92$5,717,847$1,031,528$476,923$5,378,202
93$6,238,146$1,019,152$429,978$5,849,581
94$6,809,533$1,004,187$379,479$6,367,165
95$7,437,157$986,444$325,243$6,935,631
96$8,126,690$965,723$267,082$7,560,132
97$8,884,381$941,811$204,797$8,246,346
98$9,717,112$914,484$138,182$9,000,532
99$10,632,467$883,503$67,021$9,829,585
100$11,638,800$848,617$0$10,741,105