Can I retire at age 69 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$72,752$72,104$71,472$70,855$70,252$69,202
2 years$36,016$35,345$34,695$34,065$33,453$32,398
3 years$23,772$23,098$22,450$21,826$21,224$20,196
4 years$17,651$16,980$16,338$15,724$15,137$14,145
5 years$13,980$13,312$12,679$12,078$11,507$10,553
6 years$11,533$10,871$10,246$9,659$9,105$8,190
7 years$9,786$9,129$8,515$7,941$7,405$6,529
8 years$8,476$7,825$7,221$6,661$6,143$5,307
9 years$7,458$6,813$6,220$5,674$5,173$4,376
10 years$6,644$6,006$5,422$4,891$4,408$3,649
11 years$5,979$5,346$4,774$4,257$3,791$3,070
12 years$5,424$4,799$4,237$3,734$3,285$2,601
13 years$4,956$4,337$3,785$3,296$2,865$2,216
14 years$4,554$3,942$3,401$2,926$2,511$1,897
15 years$4,207$3,601$3,071$2,610$2,211$1,631
16 years$3,903$3,304$2,784$2,337$1,954$1,406
17 years$3,635$3,043$2,533$2,099$1,733$1,216
18 years$3,398$2,812$2,313$1,892$1,541$1,054
19 years$3,185$2,606$2,117$1,710$1,373$916
20 years$2,994$2,421$1,943$1,548$1,227$797
21 years$2,822$2,255$1,787$1,405$1,098$694
22 years$2,665$2,105$1,647$1,278$984$606
23 years$2,522$1,969$1,521$1,164$883$529
24 years$2,391$1,845$1,406$1,061$794$463
25 years$2,271$1,731$1,303$969$714$405
26 years$2,161$1,627$1,208$886$643$355
27 years$2,058$1,531$1,122$811$580$311
28 years$1,964$1,443$1,043$743$523$273
29 years$1,875$1,361$971$682$473$239
30 years$1,793$1,286$904$625$427$210
31 years$1,717$1,215$843$574$386$184
32 years$1,645$1,150$786$528$349$162
33 years$1,578$1,089$734$485$316$142
34 years$1,515$1,032$686$447$286$125
35 years$1,455$979$641$411$259$110
36 years$1,399$929$600$379$235$96
37 years$1,346$883$562$349$213$85
38 years$1,296$839$526$322$193$75
39 years$1,249$798$493$297$175$66
40 years$1,204$759$462$274$159$58
41 years$1,162$722$433$252$144$51
42 years$1,122$688$406$233$131$45
43 years$1,083$655$381$215$119$39
44 years$1,047$625$358$199$108$35
45 years$1,012$596$336$183$98$30
46 years$979$568$316$169$89$27
47 years$947$542$296$156$81$24
48 years$917$518$279$145$73$21
49 years$888$494$262$134$66$18
50 years$860$472$246$123$60$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $881,000, adding $5,477 every year, while hoping to spend $53,378 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: 59/20/21 Blend
68$881,000$881,000$881,000$881,000
69$976,512$929,819$916,163$1,028,389
70$1,019,322$918,586$890,061$1,053,010
71$1,064,710$905,014$861,295$1,073,568
72$1,112,882$888,931$829,720$1,094,804
73$1,164,065$870,157$795,184$1,116,794
74$1,218,504$848,500$757,528$1,139,624
75$1,276,471$823,756$716,585$1,163,392
76$1,338,262$795,711$672,181$1,188,206
77$1,404,200$764,136$624,134$1,214,192
78$1,474,641$728,792$572,256$1,241,488
79$1,549,975$689,423$516,346$1,270,251
80$1,630,627$645,759$456,199$1,300,657
81$1,717,067$597,517$391,597$1,332,904
82$1,809,807$544,395$322,315$1,367,214
83$1,909,411$486,073$248,116$1,403,835
84$2,016,497$422,217$168,754$1,443,045
85$2,131,744$352,470$83,972$1,485,155
86$2,255,898$276,457$0$1,530,514
87$2,389,776$193,781$0$1,580,967
88$2,534,280$104,022$0$1,655,664
89$2,690,396$6,739$0$1,736,320
90$2,859,211$0$0$1,823,542
91$3,041,919$0$0$1,939,688
92$3,239,832$0$0$2,067,167
93$3,454,392$0$0$2,205,432
94$3,687,186$0$0$2,355,513
95$3,939,960$0$0$2,518,544
96$4,214,632$0$0$2,695,771
97$4,513,313$0$0$2,888,566
98$4,838,327$0$0$3,098,438
99$5,192,229$0$0$3,327,046
100$5,577,832$0$0$3,576,219