Can I retire at age 69 with 896,000?

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 $896,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$73,991$73,332$72,689$72,061$71,448$70,265
2 years$36,629$35,947$35,286$34,645$34,023$32,834
3 years$24,177$23,492$22,832$22,197$21,586$20,428
4 years$17,952$17,269$16,616$15,992$15,395$14,278
5 years$14,218$13,539$12,895$12,283$11,703$10,630
6 years$11,729$11,056$10,421$9,823$9,260$8,232
7 years$9,953$9,285$8,660$8,076$7,531$6,548
8 years$8,621$7,959$7,344$6,775$6,248$5,310
9 years$7,585$6,929$6,326$5,771$5,261$4,368
10 years$6,757$6,108$5,515$4,974$4,483$3,634
11 years$6,080$5,437$4,855$4,329$3,856$3,049
12 years$5,517$4,880$4,309$3,797$3,341$2,577
13 years$5,040$4,410$3,850$3,352$2,914$2,190
14 years$4,632$4,009$3,459$2,976$2,554$1,870
15 years$4,279$3,662$3,123$2,654$2,249$1,603
16 years$3,970$3,360$2,831$2,376$1,987$1,378
17 years$3,697$3,094$2,576$2,135$1,762$1,189
18 years$3,456$2,859$2,352$1,924$1,567$1,027
19 years$3,239$2,650$2,153$1,739$1,397$890
20 years$3,045$2,463$1,976$1,575$1,247$772
21 years$2,870$2,294$1,818$1,429$1,116$671
22 years$2,710$2,141$1,675$1,299$1,001$583
23 years$2,565$2,003$1,547$1,183$898$508
24 years$2,432$1,876$1,430$1,079$807$443
25 years$2,310$1,761$1,325$986$726$386
26 years$2,197$1,655$1,229$901$654$337
27 years$2,093$1,557$1,141$825$590$295
28 years$1,997$1,468$1,061$756$532$257
29 years$1,907$1,384$987$693$481$225
30 years$1,824$1,308$919$636$434$197
31 years$1,746$1,236$857$584$393$172
32 years$1,673$1,170$800$537$355$151
33 years$1,605$1,108$747$494$321$132
34 years$1,540$1,050$698$454$291$116
35 years$1,480$996$652$418$264$101
36 years$1,423$945$610$385$239$89
37 years$1,369$898$571$355$216$78
38 years$1,319$853$535$327$196$68
39 years$1,271$811$501$302$178$60
40 years$1,225$772$470$278$161$52
41 years$1,182$735$440$257$146$46
42 years$1,141$700$413$237$133$40
43 years$1,102$667$388$219$121$35
44 years$1,065$635$364$202$109$31
45 years$1,029$606$342$186$99$27
46 years$995$578$321$172$90$24
47 years$963$552$301$159$82$21
48 years$932$527$283$147$74$18
49 years$903$503$266$136$68$16
50 years$875$480$250$126$61$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $896,000, adding $3,227 every year, while hoping to spend $59,326 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: 61/10/29 Blend
68$896,000$896,000$896,000$896,000
69$990,721$943,233$929,345$1,043,210
70$1,028,652$926,329$897,355$1,062,453
71$1,068,463$906,608$862,306$1,076,795
72$1,110,285$883,870$824,031$1,091,209
73$1,154,257$857,902$782,359$1,105,716
74$1,200,531$828,480$737,109$1,120,342
75$1,249,275$795,365$688,091$1,135,116
76$1,300,669$758,305$635,110$1,150,076
77$1,354,909$717,035$577,959$1,165,263
78$1,412,212$671,272$516,422$1,180,729
79$1,472,812$620,718$450,276$1,196,533
80$1,536,964$565,058$379,286$1,212,743
81$1,604,948$503,960$303,206$1,229,440
82$1,677,070$437,071$221,780$1,246,716
83$1,753,663$364,020$134,742$1,264,676
84$1,835,093$284,413$41,812$1,283,440
85$1,921,760$197,837$0$1,303,148
86$2,014,100$103,851$0$1,341,704
87$2,112,593$1,995$0$1,396,501
88$2,217,764$0$0$1,454,886
89$2,330,187$0$0$1,529,101
90$2,450,493$0$0$1,608,798
91$2,579,373$0$0$1,694,222
92$2,717,585$0$0$1,785,881
93$2,865,961$0$0$1,884,333
94$3,025,414$0$0$1,990,190
95$3,196,945$0$0$2,104,124
96$3,381,655$0$0$2,226,875
97$3,580,751$0$0$2,359,252
98$3,795,562$0$0$2,502,146
99$4,027,546$0$0$2,656,537
100$4,278,303$0$0$2,823,499