Can I retire at age 69 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$71,266$70,631$70,012$69,407$68,817$67,873
2 years$35,280$34,623$33,986$33,369$32,770$31,820
3 years$23,286$22,627$21,991$21,380$20,791$19,865
4 years$17,291$16,633$16,004$15,403$14,828$13,934
5 years$13,694$13,040$12,420$11,831$11,272$10,412
6 years$11,297$10,648$10,037$9,461$8,919$8,094
7 years$9,586$8,943$8,341$7,779$7,254$6,463
8 years$8,303$7,665$7,074$6,525$6,018$5,262
9 years$7,306$6,674$6,093$5,558$5,068$4,347
10 years$6,508$5,883$5,312$4,791$4,318$3,631
11 years$5,856$5,237$4,676$4,170$3,714$3,061
12 years$5,314$4,701$4,150$3,657$3,218$2,598
13 years$4,855$4,248$3,708$3,229$2,806$2,218
14 years$4,461$3,861$3,331$2,866$2,460$1,903
15 years$4,121$3,527$3,008$2,556$2,166$1,639
16 years$3,823$3,236$2,727$2,289$1,914$1,416
17 years$3,561$2,981$2,482$2,056$1,697$1,227
18 years$3,328$2,754$2,265$1,853$1,509$1,066
19 years$3,120$2,553$2,074$1,675$1,345$928
20 years$2,933$2,372$1,903$1,517$1,202$810
21 years$2,764$2,209$1,751$1,376$1,075$707
22 years$2,611$2,062$1,613$1,252$964$618
23 years$2,471$1,929$1,490$1,140$865$541
24 years$2,343$1,807$1,378$1,040$778$475
25 years$2,225$1,696$1,276$949$700$416
26 years$2,117$1,594$1,184$868$630$365
27 years$2,016$1,500$1,099$795$568$321
28 years$1,923$1,414$1,022$728$513$282
29 years$1,837$1,334$951$668$463$248
30 years$1,757$1,259$886$613$418$218
31 years$1,682$1,191$826$563$378$192
32 years$1,611$1,126$770$517$342$169
33 years$1,546$1,067$719$476$310$149
34 years$1,484$1,011$672$438$280$131
35 years$1,425$959$628$403$254$116
36 years$1,371$910$588$371$230$102
37 years$1,319$864$550$342$209$90
38 years$1,270$822$515$315$189$79
39 years$1,224$781$483$290$171$70
40 years$1,180$743$452$268$155$62
41 years$1,138$708$424$247$141$54
42 years$1,099$674$398$228$128$48
43 years$1,061$642$373$211$116$42
44 years$1,025$612$350$194$105$37
45 years$991$584$329$180$96$33
46 years$959$557$309$166$87$29
47 years$928$531$290$153$79$26
48 years$898$507$273$142$72$23
49 years$870$484$256$131$65$20
50 years$843$463$241$121$59$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $863,000, adding $2,437 every year, while hoping to spend $55,614 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: 79/16/5 Blend
68$863,000$863,000$863,000$863,000
69$953,540$907,801$894,424$1,028,491
70$991,628$893,110$865,215$1,063,232
71$1,031,737$875,836$833,162$1,093,763
72$1,074,015$855,792$798,114$1,125,567
73$1,118,622$832,783$759,908$1,158,743
74$1,165,733$806,601$718,377$1,193,401
75$1,215,539$777,026$673,344$1,229,661
76$1,268,249$743,825$624,626$1,267,655
77$1,324,090$706,753$572,030$1,307,531
78$1,383,311$665,547$515,357$1,349,452
79$1,446,184$619,934$454,397$1,393,597
80$1,513,005$569,622$388,930$1,440,165
81$1,584,101$514,302$318,728$1,489,376
82$1,659,827$453,651$243,553$1,541,473
83$1,740,572$387,323$163,155$1,596,725
84$1,826,764$314,955$77,274$1,655,429
85$1,918,870$236,164$0$1,717,915
86$2,017,403$150,544$0$1,785,312
87$2,122,924$57,667$0$1,861,706
88$2,236,051$0$0$1,943,431
89$2,357,459$0$0$2,038,552
90$2,487,891$0$0$2,151,668
91$2,628,161$0$0$2,273,336
92$2,779,164$0$0$2,404,333
93$2,941,881$0$0$2,545,514
94$3,117,391$0$0$2,697,817
95$3,306,879$0$0$2,862,274
96$3,511,648$0$0$3,040,019
97$3,733,129$0$0$3,232,295
98$3,972,895$0$0$3,440,473
99$4,232,675$0$0$3,666,057
100$4,514,370$0$0$3,910,702