Can I retire at age 69 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$74,156$73,495$72,851$72,222$71,608$69,933
2 years$36,711$36,027$35,365$34,722$34,099$32,422
3 years$24,231$23,544$22,883$22,247$21,634$20,006
4 years$17,992$17,307$16,653$16,028$15,429$13,863
5 years$14,250$13,569$12,924$12,311$11,729$10,230
6 years$11,756$11,080$10,444$9,845$9,281$7,849
7 years$9,975$9,305$8,679$8,094$7,548$6,184
8 years$8,640$7,976$7,361$6,790$6,262$4,965
9 years$7,602$6,945$6,340$5,784$5,273$4,044
10 years$6,772$6,122$5,527$4,985$4,493$3,328
11 years$6,094$5,450$4,866$4,339$3,864$2,763
12 years$5,529$4,891$4,318$3,806$3,349$2,309
13 years$5,051$4,420$3,858$3,360$2,920$1,941
14 years$4,642$4,018$3,467$2,983$2,560$1,638
15 years$4,288$3,670$3,130$2,660$2,254$1,388
16 years$3,978$3,368$2,838$2,382$1,992$1,179
17 years$3,706$3,101$2,582$2,140$1,766$1,004
18 years$3,463$2,866$2,357$1,928$1,570$858
19 years$3,247$2,656$2,158$1,743$1,400$733
20 years$3,052$2,468$1,980$1,578$1,250$628
21 years$2,876$2,299$1,822$1,432$1,119$539
22 years$2,716$2,146$1,679$1,302$1,003$463
23 years$2,571$2,007$1,550$1,186$900$398
24 years$2,438$1,881$1,434$1,082$809$342
25 years$2,315$1,765$1,328$988$728$294
26 years$2,202$1,659$1,231$903$656$253
27 years$2,098$1,561$1,144$827$591$218
28 years$2,001$1,471$1,063$758$534$188
29 years$1,912$1,388$989$695$482$162
30 years$1,828$1,310$921$638$435$140
31 years$1,750$1,239$859$586$394$121
32 years$1,677$1,172$802$538$356$104
33 years$1,608$1,110$748$495$322$90
34 years$1,544$1,052$699$455$292$78
35 years$1,483$998$654$419$264$67
36 years$1,426$947$612$386$239$58
37 years$1,372$900$572$356$217$50
38 years$1,322$855$536$328$197$43
39 years$1,273$813$502$302$178$37
40 years$1,228$773$471$279$162$32
41 years$1,184$736$441$257$147$28
42 years$1,143$701$414$237$133$24
43 years$1,104$668$389$219$121$21
44 years$1,067$637$365$202$110$18
45 years$1,031$607$342$187$100$16
46 years$998$579$322$173$90$13
47 years$965$553$302$159$82$12
48 years$935$528$284$147$75$10
49 years$905$504$267$136$68$9
50 years$877$481$251$126$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $898,000, adding $3,775 every year, while hoping to spend $22,738 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: 62/14/24 Blend
68$898,000$898,000$898,000$898,000
69$993,490$945,896$931,977$1,048,570
70$1,070,633$968,052$939,005$1,108,469
71$1,154,882$990,531$945,507$1,171,005
72$1,246,939$1,013,326$951,440$1,238,782
73$1,347,575$1,036,427$956,761$1,312,316
74$1,457,639$1,059,823$961,424$1,392,175
75$1,578,067$1,083,503$965,381$1,478,982
76$1,709,889$1,107,454$968,580$1,573,429
77$1,854,238$1,131,660$970,968$1,676,273
78$2,012,364$1,156,106$972,490$1,788,353
79$2,185,643$1,180,772$973,085$1,910,590
80$2,375,589$1,205,640$972,694$2,044,002
81$2,583,869$1,230,687$971,250$2,189,709
82$2,812,323$1,255,890$968,685$2,348,947
83$3,062,973$1,281,221$964,929$2,523,076
84$3,338,049$1,306,654$959,907$2,713,597
85$3,640,006$1,332,156$953,540$2,922,165
86$3,971,549$1,357,694$945,747$3,150,600
87$4,335,658$1,383,232$936,440$3,400,914
88$4,735,615$1,408,731$925,531$3,675,320
89$5,175,036$1,434,146$912,924$3,976,260
90$5,657,904$1,459,434$898,521$4,306,423
91$6,188,607$1,484,543$882,219$4,668,776
92$6,771,981$1,509,421$863,908$5,066,586
93$7,413,350$1,534,011$843,477$5,503,456
94$8,118,585$1,558,250$820,806$5,983,359
95$8,894,149$1,582,072$795,771$6,510,669
96$9,747,165$1,605,407$768,243$7,090,213
97$10,685,483$1,628,179$738,086$7,727,306
98$11,717,748$1,650,306$705,158$8,427,811
99$12,853,488$1,671,701$669,311$9,198,186
100$14,103,201$1,692,271$630,389$10,045,553