Can I retire at age 69 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$73,082$72,431$71,796$71,176$70,571$69,175
2 years$36,179$35,506$34,853$34,219$33,605$32,204
3 years$23,880$23,203$22,552$21,925$21,321$19,959
4 years$17,732$17,057$16,412$15,796$15,206$13,894
5 years$14,043$13,373$12,736$12,132$11,559$10,300
6 years$11,585$10,920$10,293$9,702$9,147$7,942
7 years$9,830$9,171$8,553$7,977$7,439$6,289
8 years$8,515$7,861$7,254$6,692$6,171$5,076
9 years$7,492$6,844$6,248$5,700$5,197$4,156
10 years$6,674$6,033$5,447$4,913$4,428$3,440
11 years$6,006$5,371$4,795$4,276$3,808$2,872
12 years$5,449$4,820$4,256$3,751$3,300$2,415
13 years$4,978$4,356$3,802$3,311$2,878$2,041
14 years$4,575$3,960$3,416$2,939$2,523$1,734
15 years$4,226$3,617$3,085$2,621$2,221$1,478
16 years$3,921$3,319$2,797$2,347$1,963$1,264
17 years$3,652$3,057$2,545$2,109$1,741$1,084
18 years$3,413$2,824$2,323$1,901$1,548$931
19 years$3,200$2,618$2,127$1,717$1,379$802
20 years$3,008$2,432$1,952$1,555$1,232$691
21 years$2,834$2,266$1,795$1,412$1,103$597
22 years$2,677$2,115$1,655$1,283$988$516
23 years$2,534$1,978$1,528$1,169$887$447
24 years$2,402$1,853$1,413$1,066$797$387
25 years$2,282$1,739$1,309$974$718$335
26 years$2,170$1,635$1,214$890$646$291
27 years$2,068$1,538$1,127$815$583$253
28 years$1,972$1,450$1,048$747$526$219
29 years$1,884$1,368$975$685$475$191
30 years$1,801$1,291$908$628$429$166
31 years$1,724$1,221$847$577$388$144
32 years$1,652$1,155$790$530$351$125
33 years$1,585$1,094$738$488$318$109
34 years$1,521$1,037$689$449$287$95
35 years$1,462$983$644$413$260$82
36 years$1,406$933$603$380$236$72
37 years$1,353$887$564$351$214$62
38 years$1,302$843$528$323$194$54
39 years$1,255$801$495$298$176$47
40 years$1,210$762$464$275$159$41
41 years$1,167$726$435$253$145$36
42 years$1,127$691$408$234$131$31
43 years$1,088$658$383$216$119$27
44 years$1,052$628$359$199$108$24
45 years$1,017$598$337$184$98$21
46 years$983$571$317$170$89$18
47 years$951$545$298$157$81$16
48 years$921$520$280$145$73$14
49 years$892$497$263$134$67$12
50 years$864$474$247$124$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $885,000, adding $2,853 every year, while hoping to spend $45,014 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: 61/20/19 Blend
68$885,000$885,000$885,000$885,000
69$978,213$931,308$917,590$1,032,915
70$1,030,096$929,047$900,435$1,067,933
71$1,085,763$925,168$881,196$1,100,880
72$1,145,551$919,541$859,757$1,135,803
73$1,209,833$912,034$835,994$1,172,899
74$1,279,015$902,503$809,780$1,212,387
75$1,353,546$890,798$780,979$1,254,511
76$1,433,918$876,757$749,452$1,299,540
77$1,520,670$860,210$715,051$1,347,772
78$1,614,396$840,979$677,623$1,399,540
79$1,715,750$818,871$637,008$1,455,209
80$1,825,446$793,686$593,038$1,515,188
81$1,944,275$765,210$545,538$1,579,926
82$2,073,102$733,216$494,324$1,649,924
83$2,212,880$697,466$439,206$1,725,734
84$2,364,658$657,706$379,984$1,807,968
85$2,529,588$613,668$316,448$1,897,305
86$2,708,939$565,071$248,382$1,994,494
87$2,904,105$511,614$175,558$2,100,368
88$3,116,623$452,982$97,737$2,215,845
89$3,348,180$388,840$14,674$2,341,941
90$3,600,637$318,836$0$2,479,783
91$3,876,039$242,596$0$2,645,610
92$4,176,639$159,726$0$2,829,951
93$4,504,914$69,811$0$3,031,408
94$4,863,595$0$0$3,251,723
95$5,255,686$0$0$3,498,889
96$5,684,494$0$0$3,786,069
97$6,153,661$0$0$4,100,345
98$6,667,198$0$0$4,444,412
99$7,229,521$0$0$4,821,238
100$7,845,492$0$0$5,234,091