Can I retire at age 69 with 861,000?

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 $861,000?

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$71,101$70,467$69,849$69,246$68,657$67,326
2 years$35,198$34,543$33,907$33,291$32,694$31,358
3 years$23,232$22,574$21,940$21,330$20,742$19,444
4 years$17,251$16,594$15,967$15,367$14,794$13,542
5 years$13,663$13,010$12,391$11,803$11,246$10,045
6 years$11,271$10,624$10,014$9,439$8,898$7,750
7 years$9,564$8,922$8,322$7,761$7,237$6,140
8 years$8,284$7,648$7,057$6,510$6,004$4,959
9 years$7,289$6,659$6,078$5,545$5,056$4,063
10 years$6,493$5,869$5,299$4,780$4,308$3,365
11 years$5,843$5,225$4,665$4,160$3,705$2,811
12 years$5,301$4,690$4,140$3,649$3,211$2,365
13 years$4,843$4,238$3,699$3,221$2,800$2,000
14 years$4,451$3,852$3,324$2,860$2,454$1,700
15 years$4,111$3,519$3,001$2,550$2,161$1,450
16 years$3,815$3,229$2,721$2,284$1,910$1,241
17 years$3,553$2,974$2,476$2,052$1,693$1,065
18 years$3,321$2,748$2,260$1,849$1,506$916
19 years$3,113$2,547$2,069$1,671$1,342$789
20 years$2,926$2,366$1,899$1,513$1,199$681
21 years$2,758$2,204$1,747$1,373$1,073$589
22 years$2,605$2,058$1,610$1,249$962$509
23 years$2,465$1,924$1,486$1,137$863$441
24 years$2,337$1,803$1,375$1,037$776$382
25 years$2,220$1,692$1,273$947$698$332
26 years$2,112$1,590$1,181$866$629$288
27 years$2,012$1,497$1,096$793$567$250
28 years$1,919$1,410$1,019$726$512$217
29 years$1,833$1,330$949$666$462$189
30 years$1,753$1,256$884$611$417$164
31 years$1,678$1,188$824$561$377$143
32 years$1,608$1,124$769$516$341$124
33 years$1,542$1,064$718$474$309$108
34 years$1,480$1,009$670$437$280$94
35 years$1,422$957$627$402$253$82
36 years$1,367$908$586$370$230$72
37 years$1,316$862$549$341$208$62
38 years$1,267$820$514$314$189$54
39 years$1,221$779$482$290$171$47
40 years$1,177$742$451$267$155$41
41 years$1,136$706$423$247$141$36
42 years$1,096$672$397$228$128$31
43 years$1,059$641$373$210$116$27
44 years$1,023$611$350$194$105$24
45 years$989$582$328$179$96$21
46 years$957$555$308$165$87$18
47 years$926$530$290$153$79$16
48 years$896$506$272$141$72$14
49 years$868$483$256$131$65$12
50 years$841$462$241$121$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $861,000, adding $4,415 every year, while hoping to spend $32,994 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: 45/45/10 Blend
68$861,000$861,000$861,000$861,000
69$953,376$907,743$894,398$993,391
70$1,015,515$917,117$889,255$1,030,927
71$1,082,886$925,845$882,833$1,067,871
72$1,155,989$933,859$875,056$1,107,183
73$1,235,371$941,090$865,842$1,149,094
74$1,321,637$947,461$855,106$1,193,858
75$1,415,450$952,893$842,758$1,241,757
76$1,517,541$957,299$828,705$1,293,103
77$1,628,713$960,590$812,850$1,348,243
78$1,749,851$962,668$795,089$1,407,558
79$1,881,927$963,430$775,316$1,471,473
80$2,026,013$962,768$753,419$1,540,454
81$2,183,288$960,565$729,280$1,615,019
82$2,355,050$956,699$702,778$1,695,743
83$2,542,727$951,040$673,783$1,783,258
84$2,747,893$943,448$642,162$1,878,266
85$2,972,278$933,777$607,774$1,981,541
86$3,217,789$921,871$570,473$2,093,940
87$3,486,527$907,565$530,107$2,216,412
88$3,780,801$890,685$486,515$2,350,003
89$4,103,160$871,045$439,530$2,495,872
90$4,456,406$848,450$388,978$2,655,297
91$4,843,626$822,691$334,675$2,829,695
92$5,268,222$793,549$276,433$3,020,628
93$5,733,939$760,791$214,052$3,229,822
94$6,244,902$724,172$147,324$3,459,187
95$6,805,656$683,430$76,034$3,710,831
96$7,421,206$638,291$0$3,987,082
97$8,097,065$588,463$0$4,290,519
98$8,839,307$533,639$0$4,632,635
99$9,654,622$473,493$0$5,008,474
100$10,550,381$407,682$0$5,421,527