Can I retire at age 69 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$72,504$71,859$71,228$70,613$70,013$68,995
2 years$35,893$35,225$34,577$33,949$33,340$32,316
3 years$23,691$23,020$22,374$21,751$21,152$20,155
4 years$17,591$16,922$16,282$15,671$15,086$14,123
5 years$13,932$13,267$12,636$12,037$11,468$10,542
6 years$11,494$10,834$10,212$9,626$9,074$8,186
7 years$9,753$9,098$8,486$7,914$7,380$6,530
8 years$8,447$7,799$7,197$6,639$6,122$5,310
9 years$7,433$6,790$6,198$5,655$5,156$4,382
10 years$6,622$5,985$5,404$4,874$4,393$3,656
11 years$5,958$5,328$4,758$4,242$3,778$3,077
12 years$5,406$4,782$4,222$3,721$3,274$2,609
13 years$4,939$4,322$3,772$3,285$2,855$2,224
14 years$4,539$3,928$3,389$2,916$2,503$1,906
15 years$4,193$3,589$3,060$2,601$2,204$1,639
16 years$3,890$3,293$2,775$2,329$1,948$1,415
17 years$3,623$3,032$2,525$2,092$1,727$1,224
18 years$3,386$2,802$2,305$1,886$1,535$1,062
19 years$3,174$2,597$2,110$1,704$1,369$923
20 years$2,984$2,413$1,936$1,543$1,222$804
21 years$2,812$2,248$1,781$1,400$1,094$701
22 years$2,656$2,098$1,642$1,273$981$612
23 years$2,514$1,962$1,516$1,160$880$535
24 years$2,383$1,839$1,402$1,058$791$468
25 years$2,264$1,725$1,298$966$712$410
26 years$2,153$1,622$1,204$883$641$360
27 years$2,051$1,526$1,118$808$578$315
28 years$1,957$1,438$1,039$741$522$277
29 years$1,869$1,357$967$679$471$243
30 years$1,787$1,281$901$623$426$213
31 years$1,711$1,211$840$572$385$187
32 years$1,639$1,146$784$526$348$165
33 years$1,572$1,085$732$484$315$145
34 years$1,509$1,029$684$445$285$127
35 years$1,450$976$639$410$258$112
36 years$1,394$926$598$377$234$99
37 years$1,342$880$560$348$212$87
38 years$1,292$836$524$321$192$76
39 years$1,245$795$491$296$174$67
40 years$1,200$756$460$273$158$59
41 years$1,158$720$432$251$144$52
42 years$1,118$686$405$232$130$46
43 years$1,080$653$380$214$118$40
44 years$1,043$623$357$198$107$36
45 years$1,009$594$335$183$97$31
46 years$975$566$314$169$88$28
47 years$944$541$295$156$80$24
48 years$914$516$278$144$73$21
49 years$885$493$261$133$66$19
50 years$857$471$245$123$60$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $878,000, adding $5,344 every year, while hoping to spend $34,852 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: 60/31/9 Blend
68$878,000$878,000$878,000$878,000
69$973,068$926,534$912,925$1,029,171
70$1,035,239$934,852$906,426$1,075,760
71$1,102,583$942,410$898,541$1,122,105
72$1,175,591$949,133$889,187$1,171,790
73$1,254,804$954,942$878,277$1,225,138
74$1,340,813$959,754$865,719$1,282,507
75$1,434,274$963,480$851,418$1,344,289
76$1,535,903$966,024$835,274$1,410,920
77$1,646,492$967,285$817,182$1,482,881
78$1,766,910$967,157$797,033$1,560,700
79$1,898,113$965,526$774,712$1,644,964
80$2,041,154$962,271$750,099$1,736,318
81$2,197,193$957,264$723,068$1,835,474
82$2,367,505$950,368$693,489$1,943,221
83$2,553,494$941,439$661,224$2,060,427
84$2,756,705$930,325$626,131$2,188,051
85$2,978,841$916,863$588,058$2,327,152
86$3,221,775$900,881$546,850$2,478,897
87$3,487,570$882,198$502,343$2,644,577
88$3,778,496$860,620$454,366$2,825,616
89$4,097,056$835,944$402,740$3,023,583
90$4,446,003$807,952$347,280$3,240,213
91$4,828,371$776,417$287,789$3,477,418
92$5,247,500$741,097$224,065$3,737,311
93$5,707,069$701,734$155,895$4,022,220
94$6,211,130$658,059$83,057$4,334,717
95$6,764,146$609,786$5,321$4,677,638
96$7,371,034$556,610$0$5,054,113
97$8,037,208$498,213$0$5,475,050
98$8,768,634$434,255$0$5,937,833
99$9,571,881$364,380$0$6,446,179
100$10,454,187$288,210$0$7,004,752