Can I retire at age 69 with 877,000?

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 $877,000?

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$72,422$71,777$71,147$70,533$69,933$69,261
2 years$35,852$35,185$34,538$33,910$33,302$32,624
3 years$23,664$22,994$22,348$21,727$21,128$20,466
4 years$17,571$16,903$16,264$15,653$15,069$14,428
5 years$13,916$13,252$12,621$12,023$11,455$10,837
6 years$11,481$10,821$10,200$9,615$9,064$8,470
7 years$9,742$9,088$8,476$7,905$7,371$6,802
8 years$8,438$7,790$7,188$6,631$6,115$5,570
9 years$7,424$6,782$6,191$5,648$5,150$4,628
10 years$6,614$5,978$5,398$4,869$4,388$3,890
11 years$5,951$5,322$4,752$4,237$3,774$3,299
12 years$5,400$4,777$4,217$3,717$3,270$2,818
13 years$4,933$4,317$3,768$3,281$2,852$2,422
14 years$4,534$3,924$3,386$2,913$2,500$2,091
15 years$4,188$3,585$3,057$2,598$2,201$1,813
16 years$3,885$3,289$2,771$2,326$1,945$1,578
17 years$3,619$3,029$2,522$2,090$1,725$1,377
18 years$3,382$2,799$2,302$1,883$1,534$1,205
19 years$3,171$2,594$2,107$1,702$1,367$1,057
20 years$2,981$2,410$1,934$1,541$1,221$928
21 years$2,809$2,245$1,779$1,399$1,093$817
22 years$2,653$2,096$1,640$1,272$979$720
23 years$2,511$1,960$1,514$1,158$879$635
24 years$2,381$1,837$1,400$1,056$790$561
25 years$2,261$1,724$1,297$965$711$496
26 years$2,151$1,620$1,203$882$641$439
27 years$2,049$1,524$1,117$807$577$389
28 years$1,955$1,436$1,038$740$521$344
29 years$1,867$1,355$966$678$471$305
30 years$1,785$1,280$900$623$425$271
31 years$1,709$1,210$839$572$384$240
32 years$1,638$1,145$783$526$348$213
33 years$1,571$1,084$731$483$315$189
34 years$1,508$1,027$683$445$285$168
35 years$1,449$975$638$409$258$150
36 years$1,393$925$597$377$234$133
37 years$1,340$879$559$347$212$118
38 years$1,291$835$524$320$192$105
39 years$1,244$794$490$295$174$93
40 years$1,199$755$460$272$158$83
41 years$1,157$719$431$251$143$74
42 years$1,117$685$404$232$130$66
43 years$1,078$652$379$214$118$58
44 years$1,042$622$356$198$107$52
45 years$1,007$593$334$182$97$46
46 years$974$566$314$169$88$41
47 years$943$540$295$156$80$37
48 years$913$515$277$144$73$33
49 years$884$492$261$133$66$29
50 years$856$470$245$123$60$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $877,000, adding $5,490 every year, while hoping to spend $43,165 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: 40/33/27 Blend
68$877,000$877,000$877,000$877,000
69$972,117$925,636$912,042$1,003,064
70$1,025,346$925,065$896,669$1,025,445
71$1,082,557$923,019$879,333$1,045,214
72$1,144,112$919,381$859,925$1,065,770
73$1,210,405$914,025$838,327$1,087,213
74$1,281,874$906,819$814,417$1,109,655
75$1,358,994$897,622$788,069$1,133,221
76$1,442,290$886,285$759,149$1,158,056
77$1,532,341$872,650$727,517$1,184,318
78$1,629,779$856,549$693,029$1,212,190
79$1,735,302$837,806$655,531$1,241,875
80$1,849,676$816,231$614,864$1,273,601
81$1,973,743$791,626$570,862$1,307,624
82$2,108,430$763,781$523,351$1,344,231
83$2,254,756$732,473$472,149$1,383,745
84$2,413,842$697,465$417,067$1,426,524
85$2,586,922$658,509$357,907$1,472,971
86$2,775,352$615,340$294,461$1,523,535
87$2,980,626$567,679$226,513$1,578,718
88$3,204,387$515,232$153,838$1,639,078
89$3,448,443$457,687$76,200$1,705,240
90$3,714,784$394,715$0$1,777,898
91$4,005,603$325,966$0$1,859,744
92$4,323,310$251,074$0$1,973,273
93$4,670,561$169,650$0$2,097,545
94$5,050,279$81,284$0$2,233,706
95$5,465,684$0$0$2,383,024
96$5,920,318$0$0$2,552,154
97$6,418,084$0$0$2,769,757
98$6,963,280$0$0$3,008,211
99$7,560,639$0$0$3,269,598
100$8,215,372$0$0$3,556,216