Can I retire at age 69 with 421,000?

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 $421,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$34,766$34,456$34,154$33,859$33,571$33,165
2 years$17,211$16,890$16,580$16,278$15,986$15,578
3 years$11,360$11,038$10,728$10,430$10,142$9,744
4 years$8,435$8,114$7,807$7,514$7,234$6,849
5 years$6,681$6,362$6,059$5,771$5,499$5,128
6 years$5,511$5,195$4,896$4,616$4,351$3,995
7 years$4,676$4,362$4,069$3,795$3,539$3,197
8 years$4,051$3,739$3,451$3,183$2,936$2,609
9 years$3,564$3,256$2,972$2,711$2,472$2,161
10 years$3,175$2,870$2,591$2,337$2,106$1,809
11 years$2,857$2,555$2,281$2,034$1,812$1,529
12 years$2,592$2,293$2,025$1,784$1,570$1,301
13 years$2,368$2,072$1,809$1,575$1,369$1,114
14 years$2,176$1,884$1,625$1,398$1,200$958
15 years$2,010$1,721$1,467$1,247$1,057$827
16 years$1,865$1,579$1,330$1,117$934$717
17 years$1,737$1,454$1,211$1,003$828$623
18 years$1,624$1,344$1,105$904$736$543
19 years$1,522$1,245$1,012$817$656$474
20 years$1,431$1,157$928$740$586$415
21 years$1,348$1,078$854$672$525$363
22 years$1,274$1,006$787$611$470$319
23 years$1,205$941$727$556$422$280
24 years$1,143$882$672$507$379$246
25 years$1,085$827$623$463$341$216
26 years$1,033$778$577$423$307$191
27 years$984$732$536$388$277$168
28 years$938$690$498$355$250$148
29 years$896$651$464$326$226$131
30 years$857$614$432$299$204$115
31 years$820$581$403$275$185$102
32 years$786$550$376$252$167$90
33 years$754$520$351$232$151$80
34 years$724$493$328$213$137$70
35 years$695$468$306$196$124$62
36 years$669$444$287$181$112$55
37 years$643$422$268$167$102$49
38 years$620$401$251$154$92$43
39 years$597$381$235$142$84$38
40 years$576$363$221$131$76$34
41 years$555$345$207$121$69$30
42 years$536$329$194$111$62$26
43 years$518$313$182$103$57$23
44 years$500$299$171$95$51$21
45 years$484$285$161$88$47$18
46 years$468$272$151$81$42$16
47 years$453$259$142$75$39$14
48 years$438$247$133$69$35$13
49 years$424$236$125$64$32$11
50 years$411$226$118$59$29$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $421,000, adding $6,960 every year, while hoping to spend $20,151 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: 76/15/9 Blend
68$421,000$421,000$421,000$421,000
69$471,121$448,808$442,283$505,701
70$497,735$449,359$435,659$529,977
71$526,388$449,262$428,137$553,319
72$557,267$448,463$419,667$578,328
73$590,577$446,907$410,195$605,164
74$626,544$444,533$399,664$633,998
75$665,414$441,278$388,016$665,025
76$707,461$437,075$375,189$698,455
77$752,983$431,853$361,119$734,521
78$802,309$425,535$345,738$773,482
79$855,801$418,043$328,977$815,620
80$913,856$409,290$310,761$861,249
81$976,912$399,188$291,013$910,714
82$1,045,449$387,641$269,655$964,396
83$1,119,997$374,547$246,601$1,022,713
84$1,201,139$359,802$221,764$1,086,129
85$1,289,514$343,292$195,052$1,155,154
86$1,385,829$324,897$166,370$1,230,351
87$1,490,857$304,491$135,618$1,312,342
88$1,605,455$281,941$102,691$1,401,809
89$1,730,561$257,106$67,481$1,499,509
90$1,867,211$229,837$29,875$1,606,274
91$2,016,543$199,976$0$1,723,022
92$2,179,812$167,356$0$1,851,752
93$2,358,398$131,801$0$1,995,720
94$2,553,821$93,126$0$2,153,298
95$2,767,756$51,134$0$2,325,858
96$3,002,046$5,619$0$2,514,911
97$3,258,720$0$0$2,722,122
98$3,540,015$0$0$2,956,532
99$3,848,393$0$0$3,214,543
100$4,186,565$0$0$3,497,499