Can I retire at age 69 with 861,000?

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 $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%12.6%
1 years$71,101$70,467$69,849$69,246$68,657$67,912
2 years$35,198$34,543$33,907$33,291$32,694$31,944
3 years$23,232$22,574$21,940$21,330$20,742$20,010
4 years$17,251$16,594$15,967$15,367$14,794$14,085
5 years$13,663$13,010$12,391$11,803$11,246$10,563
6 years$11,271$10,624$10,014$9,439$8,898$8,243
7 years$9,564$8,922$8,322$7,761$7,237$6,608
8 years$8,284$7,648$7,057$6,510$6,004$5,402
9 years$7,289$6,659$6,078$5,545$5,056$4,481
10 years$6,493$5,869$5,299$4,780$4,308$3,759
11 years$5,843$5,225$4,665$4,160$3,705$3,182
12 years$5,301$4,690$4,140$3,649$3,211$2,713
13 years$4,843$4,238$3,699$3,221$2,800$2,327
14 years$4,451$3,852$3,324$2,860$2,454$2,006
15 years$4,111$3,519$3,001$2,550$2,161$1,736
16 years$3,815$3,229$2,721$2,284$1,910$1,507
17 years$3,553$2,974$2,476$2,052$1,693$1,313
18 years$3,321$2,748$2,260$1,849$1,506$1,146
19 years$3,113$2,547$2,069$1,671$1,342$1,003
20 years$2,926$2,366$1,899$1,513$1,199$879
21 years$2,758$2,204$1,747$1,373$1,073$772
22 years$2,605$2,058$1,610$1,249$962$679
23 years$2,465$1,924$1,486$1,137$863$597
24 years$2,337$1,803$1,375$1,037$776$526
25 years$2,220$1,692$1,273$947$698$464
26 years$2,112$1,590$1,181$866$629$410
27 years$2,012$1,497$1,096$793$567$362
28 years$1,919$1,410$1,019$726$512$320
29 years$1,833$1,330$949$666$462$283
30 years$1,753$1,256$884$611$417$250
31 years$1,678$1,188$824$561$377$222
32 years$1,608$1,124$769$516$341$196
33 years$1,542$1,064$718$474$309$174
34 years$1,480$1,009$670$437$280$154
35 years$1,422$957$627$402$253$137
36 years$1,367$908$586$370$230$121
37 years$1,316$862$549$341$208$107
38 years$1,267$820$514$314$189$95
39 years$1,221$779$482$290$171$84
40 years$1,177$742$451$267$155$75
41 years$1,136$706$423$247$141$66
42 years$1,096$672$397$228$128$59
43 years$1,059$641$373$210$116$52
44 years$1,023$611$350$194$105$46
45 years$989$582$328$179$96$41
46 years$957$555$308$165$87$37
47 years$926$530$290$153$79$32
48 years$896$506$272$141$72$29
49 years$868$483$256$131$65$26
50 years$841$462$241$121$59$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $861,000, adding $5,733 every year, while hoping to spend $20,076 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: 72/19/9 Blend
68$861,000$861,000$861,000$861,000
69$954,736$909,103$895,757$1,021,530
70$1,030,758$932,288$904,404$1,089,614
71$1,113,862$955,936$912,668$1,161,092
72$1,204,748$980,050$920,515$1,238,800
73$1,304,189$1,004,629$927,909$1,323,348
74$1,413,034$1,029,673$934,812$1,415,407
75$1,532,220$1,055,184$941,184$1,515,716
76$1,662,776$1,081,158$946,984$1,625,089
77$1,805,840$1,107,595$952,168$1,744,422
78$1,962,659$1,134,491$956,690$1,874,702
79$2,134,612$1,161,843$960,501$2,017,017
80$2,323,215$1,189,645$963,550$2,172,563
81$2,530,138$1,217,893$965,783$2,342,660
82$2,757,220$1,246,578$967,145$2,528,761
83$3,006,488$1,275,692$967,577$2,732,467
84$3,280,175$1,305,226$967,015$2,955,542
85$3,580,739$1,335,168$965,397$3,199,928
86$3,910,889$1,365,506$962,652$3,467,765
87$4,273,610$1,396,226$958,711$3,761,413
88$4,672,188$1,427,310$953,497$4,083,469
89$5,110,245$1,458,742$946,933$4,436,796
90$5,591,770$1,490,502$938,936$4,824,548
91$6,121,161$1,522,566$929,420$5,250,200
92$6,703,258$1,554,911$918,295$5,717,582
93$7,343,398$1,587,509$905,466$6,230,913
94$8,047,460$1,620,332$890,834$6,794,842
95$8,821,919$1,653,346$874,295$7,414,492
96$9,673,912$1,686,518$855,741$8,095,508
97$10,611,301$1,719,807$835,059$8,844,111
98$11,642,750$1,753,174$812,129$9,667,154
99$12,777,802$1,786,571$786,827$10,572,191
100$14,026,976$1,819,952$759,024$11,567,544