Can I retire at age 69 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$63,586$63,019$62,467$61,928$61,401$60,709
2 years$31,478$30,892$30,324$29,773$29,239$28,542
3 years$20,777$20,188$19,621$19,076$18,550$17,871
4 years$15,427$14,840$14,279$13,743$13,230$12,573
5 years$12,219$11,635$11,081$10,556$10,057$9,424
6 years$10,080$9,501$8,955$8,442$7,958$7,350
7 years$8,553$7,979$7,442$6,940$6,472$5,889
8 years$7,408$6,839$6,311$5,822$5,369$4,811
9 years$6,519$5,955$5,436$4,959$4,522$3,989
10 years$5,807$5,249$4,739$4,275$3,853$3,344
11 years$5,225$4,673$4,172$3,720$3,313$2,829
12 years$4,741$4,194$3,703$3,263$2,871$2,411
13 years$4,331$3,790$3,308$2,881$2,504$2,066
14 years$3,981$3,445$2,972$2,557$2,195$1,780
15 years$3,677$3,147$2,684$2,281$1,933$1,539
16 years$3,411$2,888$2,433$2,042$1,708$1,336
17 years$3,177$2,659$2,214$1,835$1,514$1,162
18 years$2,970$2,457$2,021$1,654$1,347$1,014
19 years$2,784$2,277$1,850$1,494$1,200$887
20 years$2,617$2,116$1,698$1,353$1,072$777
21 years$2,466$1,971$1,562$1,228$959$681
22 years$2,329$1,840$1,440$1,117$860$599
23 years$2,204$1,721$1,329$1,017$772$527
24 years$2,090$1,612$1,229$928$694$464
25 years$1,985$1,513$1,139$847$624$409
26 years$1,888$1,422$1,056$775$562$360
27 years$1,799$1,338$981$709$507$318
28 years$1,716$1,261$912$650$457$281
29 years$1,639$1,190$848$596$413$248
30 years$1,567$1,124$790$547$373$220
31 years$1,500$1,062$737$502$337$194
32 years$1,438$1,005$687$461$305$172
33 years$1,379$952$642$424$276$152
34 years$1,324$902$600$390$250$135
35 years$1,272$856$561$359$227$119
36 years$1,223$812$524$331$205$106
37 years$1,177$771$491$305$186$94
38 years$1,133$733$460$281$169$83
39 years$1,092$697$431$259$153$73
40 years$1,053$663$404$239$139$65
41 years$1,016$631$378$221$126$58
42 years$980$601$355$204$114$51
43 years$947$573$333$188$104$45
44 years$915$546$313$173$94$40
45 years$884$521$294$160$85$36
46 years$855$497$276$148$78$32
47 years$828$474$259$137$70$28
48 years$801$453$243$126$64$25
49 years$776$432$229$117$58$22
50 years$752$413$215$108$53$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $770,000, adding $3,562 every year, while hoping to spend $38,189 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: 78/16/6 Blend
68$770,000$770,000$770,000$770,000
69$852,214$811,404$799,469$917,962
70$898,507$810,530$785,619$960,709
71$948,242$808,333$770,024$1,002,238
72$1,001,730$804,709$752,587$1,046,643
73$1,059,312$799,545$733,204$1,094,191
74$1,121,362$792,723$711,767$1,145,178
75$1,188,292$784,118$688,162$1,199,930
76$1,260,555$773,596$662,272$1,258,806
77$1,338,647$761,018$633,974$1,322,203
78$1,423,113$746,232$603,137$1,390,555
79$1,514,555$729,082$569,626$1,464,346
80$1,613,632$709,400$533,301$1,544,104
81$1,721,070$687,007$494,014$1,630,414
82$1,837,666$661,717$451,610$1,723,922
83$1,964,298$633,331$405,929$1,825,339
84$2,101,930$601,639$356,802$1,935,448
85$2,251,625$566,418$304,053$2,055,114
86$2,414,552$527,432$247,499$2,185,291
87$2,591,994$484,434$186,948$2,327,029
88$2,785,367$437,161$122,200$2,481,490
89$2,996,227$385,335$53,046$2,649,950
90$3,226,287$328,661$0$2,833,820
91$3,477,434$266,831$0$3,035,983
92$3,751,742$199,516$0$3,260,537
93$4,051,498$126,371$0$3,505,988
94$4,379,217$47,029$0$3,774,437
95$4,737,669$0$0$4,068,200
96$5,129,904$0$0$4,396,679
97$5,559,280$0$0$4,765,351
98$6,029,495$0$0$5,169,114
99$6,544,622$0$0$5,611,468
100$7,109,146$0$0$6,096,268