Can I retire at age 69 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$71,183$70,549$69,930$69,327$68,737$67,571
2 years$35,239$34,583$33,947$33,330$32,732$31,560
3 years$23,259$22,600$21,966$21,355$20,766$19,626
4 years$17,271$16,614$15,986$15,385$14,811$13,711
5 years$13,678$13,025$12,405$11,817$11,259$10,202
6 years$11,284$10,636$10,025$9,450$8,909$7,896
7 years$9,575$8,932$8,331$7,770$7,245$6,278
8 years$8,294$7,657$7,065$6,518$6,011$5,088
9 years$7,297$6,666$6,086$5,552$5,062$4,183
10 years$6,501$5,876$5,305$4,786$4,313$3,477
11 years$5,850$5,231$4,671$4,165$3,709$2,916
12 years$5,307$4,695$4,145$3,653$3,214$2,463
13 years$4,849$4,243$3,704$3,225$2,803$2,091
14 years$4,456$3,857$3,328$2,863$2,457$1,785
15 years$4,116$3,523$3,004$2,553$2,163$1,529
16 years$3,819$3,233$2,724$2,286$1,912$1,314
17 years$3,557$2,977$2,479$2,054$1,695$1,132
18 years$3,324$2,751$2,263$1,851$1,507$978
19 years$3,117$2,550$2,071$1,673$1,344$846
20 years$2,930$2,369$1,901$1,515$1,200$734
21 years$2,761$2,207$1,749$1,375$1,074$637
22 years$2,608$2,060$1,612$1,250$963$554
23 years$2,468$1,927$1,488$1,138$864$482
24 years$2,340$1,805$1,376$1,038$777$420
25 years$2,222$1,694$1,275$948$699$366
26 years$2,114$1,592$1,182$867$630$319
27 years$2,014$1,498$1,098$794$568$278
28 years$1,921$1,412$1,020$727$512$243
29 years$1,835$1,332$950$667$462$212
30 years$1,755$1,258$885$612$418$186
31 years$1,680$1,189$825$562$378$162
32 years$1,609$1,125$769$517$342$142
33 years$1,544$1,066$718$475$309$124
34 years$1,482$1,010$671$437$280$109
35 years$1,424$958$628$402$254$95
36 years$1,369$909$587$371$230$83
37 years$1,317$863$549$341$208$73
38 years$1,269$821$515$315$189$64
39 years$1,222$780$482$290$171$56
40 years$1,178$742$452$268$155$49
41 years$1,137$707$424$247$141$43
42 years$1,097$673$397$228$128$38
43 years$1,060$641$373$210$116$33
44 years$1,024$611$350$194$105$29
45 years$990$583$329$179$96$25
46 years$958$556$309$166$87$22
47 years$927$531$290$153$79$19
48 years$897$507$273$141$72$17
49 years$869$484$256$131$65$15
50 years$842$462$241$121$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $862,000, adding $6,367 every year, while hoping to spend $23,050 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: 54/33/13 Blend
68$862,000$862,000$862,000$862,000
69$956,492$910,806$897,445$1,004,562
70$1,029,529$930,910$902,984$1,058,080
71$1,109,243$951,227$907,936$1,113,273
72$1,196,291$971,743$912,258$1,172,817
73$1,291,397$992,442$915,902$1,237,129
74$1,395,355$1,013,307$918,820$1,306,672
75$1,509,042$1,034,320$920,962$1,381,953
76$1,633,424$1,055,461$922,273$1,463,532
77$1,769,561$1,076,707$922,698$1,552,027
78$1,918,625$1,098,034$922,177$1,648,117
79$2,081,903$1,119,417$920,648$1,752,553
80$2,260,815$1,140,825$918,047$1,866,158
81$2,456,922$1,162,230$914,306$1,989,844
82$2,671,945$1,183,596$909,352$2,124,613
83$2,907,780$1,204,889$903,112$2,271,570
84$3,166,514$1,226,068$895,506$2,431,935
85$3,450,446$1,247,093$886,453$2,607,049
86$3,762,108$1,267,918$875,867$2,798,393
87$4,104,292$1,288,495$863,657$3,007,598
88$4,480,069$1,308,771$849,729$3,236,463
89$4,892,826$1,328,690$833,985$3,486,968
90$5,346,291$1,348,193$816,320$3,761,299
91$5,844,573$1,367,215$796,627$4,061,865
92$6,392,199$1,385,687$774,793$4,391,318
93$6,994,153$1,403,536$750,699$4,752,587
94$7,655,930$1,420,683$724,221$5,148,895
95$8,383,583$1,437,044$695,230$5,583,798
96$9,183,778$1,452,529$663,590$6,061,214
97$10,063,863$1,467,042$629,160$6,585,464
98$11,031,932$1,480,482$591,792$7,161,310
99$12,096,903$1,492,740$551,331$7,793,999
100$13,268,602$1,503,699$507,615$8,489,318