Can I retire at age 69 with 894,000?

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 $894,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$73,826$73,168$72,527$71,900$71,289$70,869
2 years$36,547$35,867$35,207$34,567$33,947$33,524
3 years$24,123$23,439$22,781$22,148$21,537$21,123
4 years$17,912$17,230$16,579$15,956$15,361$14,959
5 years$14,186$13,509$12,866$12,256$11,677$11,289
6 years$11,703$11,031$10,398$9,801$9,240$8,866
7 years$9,930$9,264$8,640$8,058$7,514$7,155
8 years$8,601$7,941$7,328$6,760$6,234$5,889
9 years$7,568$6,914$6,311$5,758$5,250$4,920
10 years$6,742$6,094$5,502$4,963$4,473$4,157
11 years$6,067$5,425$4,844$4,320$3,847$3,545
12 years$5,504$4,869$4,299$3,789$3,334$3,046
13 years$5,029$4,401$3,841$3,345$2,907$2,632
14 years$4,622$4,000$3,451$2,969$2,548$2,287
15 years$4,269$3,654$3,116$2,648$2,244$1,995
16 years$3,961$3,353$2,825$2,371$1,983$1,747
17 years$3,689$3,088$2,571$2,130$1,758$1,534
18 years$3,448$2,853$2,347$1,920$1,563$1,351
19 years$3,232$2,644$2,148$1,735$1,393$1,192
20 years$3,038$2,457$1,972$1,571$1,245$1,054
21 years$2,863$2,289$1,813$1,426$1,114$934
22 years$2,704$2,136$1,671$1,297$998$828
23 years$2,559$1,998$1,543$1,181$896$736
24 years$2,427$1,872$1,427$1,077$806$655
25 years$2,305$1,757$1,322$984$725$583
26 years$2,193$1,651$1,226$899$653$519
27 years$2,089$1,554$1,138$823$589$463
28 years$1,993$1,464$1,058$754$531$413
29 years$1,903$1,381$985$692$480$369
30 years$1,820$1,305$917$635$433$330
31 years$1,742$1,233$855$583$392$295
32 years$1,669$1,167$798$536$354$264
33 years$1,601$1,105$745$493$321$236
34 years$1,537$1,047$696$453$290$211
35 years$1,477$993$651$417$263$189
36 years$1,420$943$609$384$238$169
37 years$1,366$896$570$354$216$152
38 years$1,316$851$534$326$196$136
39 years$1,268$809$500$301$178$122
40 years$1,222$770$469$278$161$109
41 years$1,179$733$439$256$146$98
42 years$1,138$698$412$236$133$88
43 years$1,099$665$387$218$120$79
44 years$1,062$634$363$201$109$70
45 years$1,027$605$341$186$99$63
46 years$993$577$320$172$90$57
47 years$961$550$301$159$82$51
48 years$930$525$283$147$74$46
49 years$901$502$266$136$67$41
50 years$873$479$250$125$61$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $894,000, adding $5,213 every year, while hoping to spend $21,685 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: 39/46/15 Blend
68$894,000$894,000$894,000$894,000
69$990,565$943,183$929,326$1,024,555
70$1,068,530$966,327$937,386$1,072,396
71$1,153,721$989,877$944,989$1,121,601
72$1,246,851$1,013,832$952,097$1,174,338
73$1,348,708$1,038,187$958,670$1,230,938
74$1,460,156$1,062,938$964,665$1,291,762
75$1,582,149$1,088,079$970,038$1,357,212
76$1,715,736$1,113,604$974,743$1,427,729
77$1,862,074$1,139,503$978,730$1,503,796
78$2,022,436$1,165,769$981,947$1,585,950
79$2,198,223$1,192,390$984,341$1,674,780
80$2,390,979$1,219,355$985,854$1,770,933
81$2,602,406$1,246,650$986,427$1,875,127
82$2,834,376$1,274,260$985,997$1,988,148
83$3,088,952$1,302,169$984,498$2,110,865
84$3,368,407$1,330,357$981,860$2,244,236
85$3,675,245$1,358,805$978,013$2,389,315
86$4,012,223$1,387,489$972,879$2,547,265
87$4,382,379$1,416,386$966,380$2,719,367
88$4,789,059$1,445,466$958,432$2,907,033
89$5,235,951$1,474,702$948,947$3,111,821
90$5,727,115$1,504,060$937,834$3,335,445
91$6,267,027$1,533,505$924,997$3,579,798
92$6,860,616$1,562,998$910,337$3,846,964
93$7,513,313$1,592,500$893,747$4,139,240
94$8,231,102$1,621,963$875,119$4,459,161
95$9,020,575$1,651,340$854,336$4,809,518
96$9,888,997$1,680,579$831,280$5,193,389
97$10,844,369$1,709,622$805,823$5,614,167
98$11,895,511$1,738,410$777,834$6,075,592
99$13,052,137$1,766,876$747,175$6,581,786
100$14,324,953$1,794,950$713,703$7,137,295