Can I retire at age 69 with 889,000?

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 $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%18.9%
1 years$73,413$72,759$72,121$71,498$70,890$68,348
2 years$36,343$35,666$35,010$34,374$33,757$31,223
3 years$23,988$23,308$22,654$22,024$21,417$18,971
4 years$17,812$17,134$16,486$15,867$15,275$12,936
5 years$14,107$13,433$12,794$12,187$11,612$9,386
6 years$11,638$10,969$10,339$9,746$9,188$7,076
7 years$9,875$9,212$8,592$8,013$7,472$5,475
8 years$8,553$7,896$7,287$6,722$6,199$4,314
9 years$7,526$6,875$6,276$5,726$5,220$3,445
10 years$6,705$6,060$5,472$4,935$4,448$2,780
11 years$6,033$5,395$4,817$4,295$3,825$2,261
12 years$5,474$4,842$4,275$3,768$3,315$1,850
13 years$5,001$4,376$3,820$3,326$2,891$1,521
14 years$4,596$3,978$3,432$2,953$2,534$1,256
15 years$4,245$3,634$3,099$2,633$2,231$1,040
16 years$3,939$3,334$2,809$2,358$1,972$864
17 years$3,668$3,070$2,556$2,118$1,748$719
18 years$3,429$2,837$2,334$1,909$1,555$599
19 years$3,214$2,629$2,136$1,725$1,386$500
20 years$3,021$2,443$1,961$1,562$1,238$418
21 years$2,847$2,276$1,803$1,418$1,108$350
22 years$2,689$2,124$1,662$1,289$993$293
23 years$2,545$1,987$1,535$1,174$891$246
24 years$2,413$1,862$1,419$1,071$801$206
25 years$2,292$1,747$1,315$978$721$173
26 years$2,180$1,642$1,219$894$649$145
27 years$2,077$1,545$1,132$819$585$122
28 years$1,981$1,456$1,052$750$528$102
29 years$1,892$1,374$979$688$477$86
30 years$1,810$1,297$912$631$431$72
31 years$1,732$1,226$850$580$390$61
32 years$1,660$1,160$793$533$352$51
33 years$1,592$1,099$741$490$319$43
34 years$1,528$1,042$692$451$289$36
35 years$1,468$988$647$415$262$30
36 years$1,412$938$605$382$237$25
37 years$1,359$891$567$352$215$21
38 years$1,308$846$531$325$195$18
39 years$1,261$805$497$299$177$15
40 years$1,215$766$466$276$160$13
41 years$1,173$729$437$255$145$11
42 years$1,132$694$410$235$132$9
43 years$1,093$661$385$217$120$8
44 years$1,056$630$361$200$109$6
45 years$1,021$601$339$185$99$5
46 years$988$573$318$171$90$4
47 years$956$547$299$158$81$4
48 years$925$522$281$146$74$3
49 years$896$499$264$135$67$3
50 years$868$477$248$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $889,000, adding $4,240 every year, while hoping to spend $38,173 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: 65/13/22 Blend
68$889,000$889,000$889,000$889,000
69$984,052$936,935$923,155$1,042,194
70$1,043,809$942,229$913,465$1,087,118
71$1,108,382$946,503$902,171$1,131,489
72$1,178,223$949,666$889,179$1,179,098
73$1,253,825$951,624$874,390$1,230,266
74$1,335,735$952,273$857,702$1,285,344
75$1,424,551$951,506$839,006$1,344,724
76$1,520,933$949,207$818,190$1,408,835
77$1,625,604$945,254$795,136$1,478,154
78$1,739,363$939,519$769,720$1,553,205
79$1,863,084$931,862$741,812$1,634,569
80$1,997,735$922,139$711,279$1,722,886
81$2,144,375$910,195$677,977$1,818,863
82$2,304,172$895,866$641,761$1,923,282
83$2,478,413$878,978$602,475$2,037,004
84$2,668,512$859,349$559,959$2,160,981
85$2,876,026$836,782$514,043$2,296,264
86$3,102,668$811,073$464,552$2,444,012
87$3,350,327$782,002$411,301$2,605,506
88$3,621,080$749,340$354,099$2,782,160
89$3,917,213$712,840$292,744$2,975,532
90$4,241,246$672,247$227,028$3,187,343
91$4,595,951$627,285$156,732$3,419,494
92$4,984,382$577,666$81,626$3,674,080
93$5,409,902$523,084$1,473$3,953,415
94$5,876,214$463,217$0$4,260,051
95$6,387,397$397,724$0$4,616,537
96$6,947,942$326,243$0$5,007,898
97$7,562,797$248,394$0$5,437,280
98$8,237,412$163,775$0$5,908,532
99$8,977,788$71,960$0$6,425,894
100$9,790,538$0$0$6,994,040