Can I retire at age 69 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$37,161$36,830$36,507$36,191$35,884$35,145
2 years$18,396$18,054$17,722$17,400$17,087$16,346
3 years$12,142$11,798$11,467$11,148$10,841$10,121
4 years$9,016$8,673$8,345$8,032$7,732$7,038
5 years$7,141$6,800$6,476$6,169$5,878$5,213
6 years$5,891$5,552$5,234$4,933$4,651$4,015
7 years$4,999$4,663$4,349$4,056$3,782$3,176
8 years$4,330$3,997$3,688$3,403$3,138$2,560
9 years$3,810$3,480$3,177$2,898$2,642$2,094
10 years$3,394$3,068$2,770$2,498$2,252$1,731
11 years$3,054$2,731$2,438$2,174$1,936$1,443
12 years$2,771$2,451$2,164$1,907$1,678$1,212
13 years$2,531$2,215$1,933$1,684$1,463$1,023
14 years$2,326$2,013$1,737$1,495$1,283$868
15 years$2,149$1,839$1,568$1,333$1,129$739
16 years$1,994$1,688$1,422$1,193$998$631
17 years$1,857$1,554$1,294$1,072$885$540
18 years$1,735$1,436$1,181$966$787$463
19 years$1,627$1,331$1,081$873$701$398
20 years$1,529$1,237$992$791$627$343
21 years$1,441$1,152$913$718$561$296
22 years$1,361$1,075$841$653$503$255
23 years$1,288$1,006$777$594$451$221
24 years$1,222$942$718$542$405$191
25 years$1,160$884$665$495$365$165
26 years$1,104$831$617$453$329$143
27 years$1,051$782$573$414$296$124
28 years$1,003$737$533$380$267$107
29 years$958$695$496$348$241$93
30 years$916$657$462$319$218$81
31 years$877$621$430$293$197$70
32 years$840$587$402$270$178$61
33 years$806$556$375$248$161$53
34 years$774$527$350$228$146$46
35 years$743$500$328$210$132$40
36 years$715$475$306$193$120$35
37 years$688$451$287$178$109$30
38 years$662$428$269$164$99$26
39 years$638$407$252$151$89$23
40 years$615$388$236$140$81$20
41 years$594$369$221$129$74$17
42 years$573$351$207$119$67$15
43 years$553$335$195$110$61$13
44 years$535$319$183$101$55$11
45 years$517$304$172$94$50$10
46 years$500$290$161$86$45$9
47 years$484$277$151$80$41$7
48 years$468$264$142$74$37$6
49 years$454$253$134$68$34$6
50 years$439$241$126$63$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $450,000, adding $5,430 every year, while hoping to spend $25,966 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: 54/41/5 Blend
68$450,000$450,000$450,000$450,000
69$501,501$477,651$470,676$527,758
70$525,027$473,428$458,816$541,882
71$550,081$468,128$445,689$553,901
72$576,794$461,671$431,224$566,341
73$605,306$453,971$415,348$579,247
74$635,770$444,939$397,985$592,667
75$668,357$434,480$379,056$606,658
76$703,251$422,491$358,476$621,281
77$740,656$408,867$336,159$636,608
78$780,795$393,493$312,013$652,717
79$823,914$376,252$285,942$669,699
80$870,279$357,014$257,848$687,653
81$920,187$335,648$227,625$706,693
82$973,962$312,010$195,166$726,944
83$1,031,959$285,952$160,357$748,547
84$1,094,570$257,314$123,080$771,662
85$1,162,223$225,930$83,210$796,466
86$1,235,391$191,622$40,619$823,157
87$1,314,593$154,203$0$851,957
88$1,400,399$113,477$0$883,370
89$1,493,437$69,233$0$919,744
90$1,594,395$21,254$0$959,227
91$1,704,033$0$0$1,002,168
92$1,823,185$0$0$1,062,808
93$1,952,768$0$0$1,139,223
94$2,093,793$0$0$1,222,425
95$2,247,370$0$0$1,313,074
96$2,414,723$0$0$1,411,897
97$2,597,197$0$0$1,519,695
98$2,796,272$0$0$1,637,346
99$3,013,579$0$0$1,765,821
100$3,250,912$0$0$1,906,187