Can I retire at age 69 with 889,000?

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 $889,000?

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$73,413$72,759$72,121$71,498$70,890$69,860
2 years$36,343$35,666$35,010$34,374$33,757$32,721
3 years$23,988$23,308$22,654$22,024$21,417$20,408
4 years$17,812$17,134$16,486$15,867$15,275$14,300
5 years$14,107$13,433$12,794$12,187$11,612$10,674
6 years$11,638$10,969$10,339$9,746$9,188$8,289
7 years$9,875$9,212$8,592$8,013$7,472$6,612
8 years$8,553$7,896$7,287$6,722$6,199$5,377
9 years$7,526$6,875$6,276$5,726$5,220$4,436
10 years$6,705$6,060$5,472$4,935$4,448$3,702
11 years$6,033$5,395$4,817$4,295$3,825$3,116
12 years$5,474$4,842$4,275$3,768$3,315$2,641
13 years$5,001$4,376$3,820$3,326$2,891$2,252
14 years$4,596$3,978$3,432$2,953$2,534$1,930
15 years$4,245$3,634$3,099$2,633$2,231$1,660
16 years$3,939$3,334$2,809$2,358$1,972$1,432
17 years$3,668$3,070$2,556$2,118$1,748$1,240
18 years$3,429$2,837$2,334$1,909$1,555$1,075
19 years$3,214$2,629$2,136$1,725$1,386$935
20 years$3,021$2,443$1,961$1,562$1,238$814
21 years$2,847$2,276$1,803$1,418$1,108$710
22 years$2,689$2,124$1,662$1,289$993$620
23 years$2,545$1,987$1,535$1,174$891$542
24 years$2,413$1,862$1,419$1,071$801$474
25 years$2,292$1,747$1,315$978$721$415
26 years$2,180$1,642$1,219$894$649$364
27 years$2,077$1,545$1,132$819$585$319
28 years$1,981$1,456$1,052$750$528$280
29 years$1,892$1,374$979$688$477$246
30 years$1,810$1,297$912$631$431$216
31 years$1,732$1,226$850$580$390$190
32 years$1,660$1,160$793$533$352$167
33 years$1,592$1,099$741$490$319$147
34 years$1,528$1,042$692$451$289$129
35 years$1,468$988$647$415$262$113
36 years$1,412$938$605$382$237$100
37 years$1,359$891$567$352$215$88
38 years$1,308$846$531$325$195$77
39 years$1,261$805$497$299$177$68
40 years$1,215$766$466$276$160$60
41 years$1,173$729$437$255$145$53
42 years$1,132$694$410$235$132$46
43 years$1,093$661$385$217$120$41
44 years$1,056$630$361$200$109$36
45 years$1,021$601$339$185$99$32
46 years$988$573$318$171$90$28
47 years$956$547$299$158$81$25
48 years$925$522$281$146$74$22
49 years$896$499$264$135$67$19
50 years$868$477$248$125$61$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $889,000, adding $6,879 every year, while hoping to spend $32,318 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: 32/40/28 Blend
68$889,000$889,000$889,000$889,000
69$986,774$939,657$925,877$1,009,749
70$1,053,039$951,314$922,508$1,039,589
71$1,124,979$962,459$917,943$1,068,380
72$1,203,140$973,033$912,107$1,098,760
73$1,288,122$982,972$904,924$1,130,891
74$1,380,582$992,210$896,311$1,164,953
75$1,481,248$1,000,675$886,183$1,201,148
76$1,590,916$1,008,289$874,452$1,239,700
77$1,710,466$1,014,971$861,022$1,280,856
78$1,840,864$1,020,635$845,797$1,324,893
79$1,983,175$1,025,189$828,674$1,372,119
80$2,138,569$1,028,534$809,545$1,422,873
81$2,308,337$1,030,566$788,298$1,477,535
82$2,493,897$1,031,173$764,816$1,536,525
83$2,696,813$1,030,239$738,976$1,600,308
84$2,918,805$1,027,638$710,649$1,669,403
85$3,161,769$1,023,238$679,701$1,744,383
86$3,427,790$1,016,897$645,991$1,825,883
87$3,719,166$1,008,466$609,374$1,914,610
88$4,038,427$997,788$569,694$2,011,344
89$4,388,360$984,692$526,792$2,116,951
90$4,772,033$969,003$480,500$2,232,391
91$5,192,827$950,531$430,644$2,358,725
92$5,654,465$929,076$377,039$2,497,131
93$6,161,046$904,427$319,496$2,648,909
94$6,717,089$876,360$257,815$2,815,502
95$7,327,568$844,637$191,787$2,998,503
96$7,997,963$809,008$121,196$3,199,679
97$8,734,313$769,207$45,814$3,420,980
98$9,543,268$724,953$0$3,664,566
99$10,432,155$675,950$0$3,943,172
100$11,409,047$621,882$0$4,264,370