Can I retire at age 69 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$71,596$70,958$70,336$69,729$69,136$68,471
2 years$35,444$34,783$34,144$33,523$32,922$32,252
3 years$23,394$22,731$22,093$21,479$20,887$20,233
4 years$17,371$16,710$16,078$15,474$14,897$14,264
5 years$13,758$13,101$12,477$11,886$11,324$10,714
6 years$11,350$10,698$10,084$9,505$8,961$8,374
7 years$9,631$8,984$8,379$7,815$7,287$6,724
8 years$8,342$7,701$7,106$6,556$6,046$5,506
9 years$7,340$6,705$6,121$5,584$5,091$4,576
10 years$6,539$5,910$5,336$4,813$4,338$3,846
11 years$5,884$5,261$4,698$4,189$3,731$3,261
12 years$5,338$4,722$4,169$3,674$3,233$2,786
13 years$4,877$4,268$3,725$3,244$2,819$2,394
14 years$4,482$3,879$3,347$2,880$2,471$2,067
15 years$4,140$3,544$3,022$2,568$2,176$1,793
16 years$3,841$3,251$2,740$2,299$1,923$1,560
17 years$3,578$2,994$2,493$2,066$1,705$1,362
18 years$3,344$2,767$2,276$1,862$1,516$1,191
19 years$3,135$2,564$2,083$1,682$1,351$1,045
20 years$2,947$2,383$1,912$1,524$1,207$918
21 years$2,777$2,220$1,759$1,383$1,080$808
22 years$2,623$2,072$1,621$1,257$968$712
23 years$2,482$1,938$1,497$1,145$869$628
24 years$2,353$1,816$1,384$1,044$781$555
25 years$2,235$1,704$1,282$954$703$490
26 years$2,126$1,601$1,189$872$633$434
27 years$2,026$1,507$1,104$798$571$384
28 years$1,932$1,420$1,026$731$515$340
29 years$1,846$1,340$955$671$465$302
30 years$1,765$1,265$890$616$420$268
31 years$1,689$1,196$829$565$380$238
32 years$1,619$1,132$774$520$344$211
33 years$1,553$1,072$723$478$311$187
34 years$1,491$1,016$675$440$282$166
35 years$1,432$963$631$405$255$148
36 years$1,377$914$590$373$231$131
37 years$1,325$868$553$343$209$117
38 years$1,276$825$518$316$190$104
39 years$1,229$785$485$292$172$92
40 years$1,185$747$454$269$156$82
41 years$1,144$711$426$248$142$73
42 years$1,104$677$400$229$129$65
43 years$1,066$645$375$212$117$58
44 years$1,030$615$352$195$106$51
45 years$996$586$331$180$96$46
46 years$963$559$311$167$87$41
47 years$932$534$292$154$79$36
48 years$902$510$274$142$72$32
49 years$874$487$258$131$65$29
50 years$846$465$242$122$59$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $867,000, adding $2,872 every year, while hoping to spend $51,533 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: 71/23/6 Blend
68$867,000$867,000$867,000$867,000
69$958,396$912,445$899,007$1,025,508
70$1,001,322$902,325$874,293$1,060,072
71$1,046,899$889,981$847,024$1,091,211
72$1,095,343$875,250$817,060$1,123,856
73$1,146,891$857,960$784,254$1,158,140
74$1,201,802$837,928$748,454$1,194,212
75$1,260,357$814,958$709,499$1,232,237
76$1,322,869$788,846$667,222$1,272,398
77$1,389,676$759,374$621,449$1,314,899
78$1,461,152$726,312$571,996$1,359,964
79$1,537,704$689,417$518,673$1,407,841
80$1,619,782$648,430$461,281$1,458,808
81$1,707,877$603,080$399,611$1,513,171
82$1,802,528$553,078$333,445$1,571,269
83$1,904,327$498,121$262,557$1,633,478
84$2,013,925$437,885$186,709$1,700,215
85$2,132,035$372,032$105,654$1,771,941
86$2,259,443$300,201$19,133$1,849,168
87$2,397,009$222,014$0$1,932,460
88$2,545,681$137,070$0$2,027,133
89$2,706,499$44,945$0$2,130,805
90$2,880,607$0$0$2,243,037
91$3,069,263$0$0$2,378,570
92$3,273,848$0$0$2,537,921
93$3,495,884$0$0$2,710,903
94$3,737,043$0$0$2,898,824
95$3,999,165$0$0$3,103,122
96$4,284,272$0$0$3,325,380
97$4,594,592$0$0$3,567,339
98$4,932,575$0$0$3,830,915
99$5,300,915$0$0$4,118,216
100$5,702,581$0$0$4,431,564