Can I retire at age 69 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$65,072$64,493$63,927$63,375$62,836$61,342
2 years$32,214$31,614$31,033$30,469$29,922$28,425
3 years$21,263$20,660$20,080$19,522$18,984$17,532
4 years$15,788$15,187$14,613$14,064$13,539$12,143
5 years$12,504$11,907$11,340$10,803$10,292$8,955
6 years$10,316$9,723$9,165$8,639$8,144$6,867
7 years$8,753$8,165$7,616$7,103$6,623$5,408
8 years$7,582$6,999$6,459$5,958$5,495$4,339
9 years$6,671$6,094$5,563$5,075$4,627$3,532
10 years$5,943$5,372$4,850$4,375$3,943$2,905
11 years$5,348$4,782$4,270$3,807$3,391$2,410
12 years$4,852$4,292$3,789$3,340$2,938$2,013
13 years$4,433$3,879$3,386$2,948$2,562$1,691
14 years$4,074$3,526$3,042$2,617$2,246$1,426
15 years$3,763$3,221$2,746$2,334$1,978$1,207
16 years$3,491$2,955$2,490$2,090$1,748$1,025
17 years$3,252$2,721$2,266$1,878$1,550$873
18 years$3,039$2,515$2,068$1,692$1,378$744
19 years$2,849$2,331$1,894$1,529$1,228$636
20 years$2,678$2,166$1,738$1,385$1,097$544
21 years$2,524$2,017$1,598$1,257$982$467
22 years$2,384$1,883$1,473$1,143$880$400
23 years$2,256$1,761$1,360$1,041$790$344
24 years$2,139$1,650$1,258$949$710$295
25 years$2,032$1,549$1,165$867$639$254
26 years$1,933$1,455$1,081$793$576$219
27 years$1,841$1,370$1,003$726$519$188
28 years$1,756$1,291$933$665$468$162
29 years$1,677$1,218$868$610$423$140
30 years$1,604$1,150$809$559$382$120
31 years$1,535$1,087$754$514$345$104
32 years$1,471$1,029$703$472$312$89
33 years$1,411$974$657$434$283$77
34 years$1,355$923$614$400$256$67
35 years$1,302$876$574$368$232$57
36 years$1,252$831$537$339$210$50
37 years$1,204$789$502$312$190$43
38 years$1,160$750$470$288$173$37
39 years$1,117$713$441$265$157$32
40 years$1,077$679$413$245$142$27
41 years$1,039$646$387$226$129$24
42 years$1,003$615$363$208$117$20
43 years$969$586$341$192$106$18
44 years$936$559$320$178$96$15
45 years$905$533$300$164$87$13
46 years$875$508$282$151$79$11
47 years$847$485$265$140$72$10
48 years$820$463$249$129$65$8
49 years$794$442$234$119$59$7
50 years$769$422$220$110$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $788,000, adding $6,170 every year, while hoping to spend $59,703 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: 74/5/21 Blend
68$788,000$788,000$788,000$788,000
69$874,740$832,976$820,762$934,616
70$900,440$810,269$784,734$952,502
71$926,761$784,447$745,498$964,266
72$953,702$755,297$702,884$975,633
73$981,262$722,589$656,713$986,552
74$1,009,437$686,082$606,799$996,967
75$1,038,220$645,521$552,948$1,006,817
76$1,067,603$600,636$494,956$1,016,036
77$1,097,573$551,141$432,612$1,024,554
78$1,128,113$496,735$365,692$1,032,293
79$1,159,204$437,098$293,966$1,039,170
80$1,190,822$371,895$217,192$1,045,095
81$1,222,935$300,767$135,118$1,049,971
82$1,255,510$223,340$47,479$1,053,693
83$1,288,503$139,215$0$1,056,145
84$1,321,868$47,974$0$1,067,522
85$1,355,547$0$0$1,089,396
86$1,389,475$0$0$1,113,836
87$1,423,577$0$0$1,141,039
88$1,457,767$0$0$1,168,295
89$1,491,947$0$0$1,195,523
90$1,526,007$0$0$1,222,633
91$1,559,820$0$0$1,249,520
92$1,593,244$0$0$1,276,069
93$1,626,119$0$0$1,302,147
94$1,658,263$0$0$1,327,606
95$1,689,473$0$0$1,352,280
96$1,719,523$0$0$1,375,983
97$1,748,155$0$0$1,398,506
98$1,775,085$0$0$1,419,614
99$1,799,994$0$0$1,439,046
100$1,822,525$0$0$1,456,512