Can I retire at age 69 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$72,339$71,695$71,066$70,453$69,853$68,331
2 years$35,812$35,145$34,498$33,871$33,264$31,738
3 years$23,637$22,967$22,323$21,702$21,104$19,622
4 years$17,551$16,883$16,245$15,635$15,051$13,625
5 years$13,901$13,237$12,607$12,009$11,442$10,075
6 years$11,468$10,809$10,188$9,604$9,054$7,747
7 years$9,730$9,077$8,466$7,896$7,363$6,118
8 years$8,428$7,781$7,180$6,624$6,108$4,923
9 years$7,416$6,775$6,184$5,642$5,144$4,019
10 years$6,606$5,972$5,392$4,863$4,383$3,316
11 years$5,945$5,316$4,747$4,233$3,770$2,760
12 years$5,394$4,771$4,213$3,713$3,267$2,313
13 years$4,928$4,312$3,764$3,278$2,849$1,949
14 years$4,529$3,919$3,382$2,909$2,497$1,649
15 years$4,183$3,581$3,053$2,595$2,199$1,401
16 years$3,881$3,285$2,768$2,323$1,943$1,194
17 years$3,615$3,025$2,519$2,087$1,723$1,020
18 years$3,378$2,796$2,299$1,881$1,532$873
19 years$3,167$2,591$2,105$1,700$1,365$749
20 years$2,977$2,408$1,932$1,540$1,220$644
21 years$2,806$2,243$1,777$1,397$1,091$554
22 years$2,650$2,093$1,638$1,270$978$477
23 years$2,508$1,958$1,512$1,157$878$411
24 years$2,378$1,834$1,399$1,055$789$355
25 years$2,258$1,722$1,295$964$710$306
26 years$2,148$1,618$1,201$881$640$265
27 years$2,047$1,523$1,116$807$577$229
28 years$1,952$1,435$1,037$739$520$198
29 years$1,865$1,354$965$678$470$171
30 years$1,783$1,278$899$622$425$148
31 years$1,707$1,208$838$571$384$128
32 years$1,636$1,143$782$525$347$111
33 years$1,569$1,083$730$483$314$96
34 years$1,506$1,026$682$444$285$83
35 years$1,447$973$638$409$258$72
36 years$1,391$924$597$377$234$63
37 years$1,339$878$558$347$212$54
38 years$1,289$834$523$320$192$47
39 years$1,242$793$490$295$174$41
40 years$1,198$754$459$272$158$35
41 years$1,155$718$431$251$143$31
42 years$1,115$684$404$232$130$27
43 years$1,077$652$379$214$118$23
44 years$1,041$621$356$197$107$20
45 years$1,006$592$334$182$97$17
46 years$973$565$314$168$88$15
47 years$942$539$295$156$80$13
48 years$912$515$277$144$73$11
49 years$883$492$260$133$66$10
50 years$855$470$245$123$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $876,000, adding $2,523 every year, while hoping to spend $46,257 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: 54/24/22 Blend
68$876,000$876,000$876,000$876,000
69$967,954$921,526$907,948$1,014,261
70$1,017,469$917,464$889,148$1,042,274
71$1,070,483$911,652$868,167$1,067,703
72$1,127,306$903,957$844,884$1,094,405
73$1,188,275$894,235$819,171$1,122,515
74$1,253,761$882,334$790,896$1,152,186
75$1,324,172$868,096$759,918$1,183,588
76$1,399,954$851,350$726,092$1,216,912
77$1,481,599$831,915$689,266$1,252,369
78$1,569,646$809,602$649,279$1,290,198
79$1,664,686$784,209$605,966$1,330,661
80$1,767,370$755,522$559,153$1,374,052
81$1,878,415$723,315$508,657$1,420,700
82$1,998,605$687,350$454,289$1,470,968
83$2,128,806$647,372$395,851$1,525,263
84$2,269,966$603,116$333,134$1,584,035
85$2,423,132$554,298$265,923$1,647,786
86$2,589,452$500,619$193,992$1,717,074
87$2,770,190$441,764$117,105$1,792,517
88$2,966,737$377,397$35,015$1,874,804
89$3,180,622$307,168$0$1,964,697
90$3,413,529$230,702$0$2,075,388
91$3,667,309$147,607$0$2,205,046
92$3,944,002$57,467$0$2,346,551
93$4,245,849$0$0$2,501,126
94$4,575,322$0$0$2,680,731
95$4,935,137$0$0$2,893,528
96$5,328,287$0$0$3,126,121
97$5,758,065$0$0$3,380,468
98$6,228,100$0$0$3,658,725
99$6,742,383$0$0$3,963,269
100$7,305,313$0$0$4,296,714