Can I retire at age 69 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$66,724$66,130$65,550$64,984$64,431$63,468
2 years$33,032$32,416$31,820$31,242$30,681$29,714
3 years$21,802$21,185$20,590$20,017$19,466$18,523
4 years$16,189$15,573$14,984$14,421$13,883$12,973
5 years$12,822$12,209$11,628$11,077$10,554$9,678
6 years$10,577$9,970$9,397$8,858$8,351$7,511
7 years$8,975$8,373$7,809$7,283$6,791$5,988
8 years$7,774$7,177$6,623$6,109$5,634$4,867
9 years$6,840$6,249$5,704$5,204$4,745$4,013
10 years$6,094$5,508$4,973$4,486$4,043$3,347
11 years$5,483$4,903$4,378$3,904$3,477$2,815
12 years$4,975$4,401$3,886$3,424$3,013$2,385
13 years$4,545$3,977$3,472$3,023$2,627$2,032
14 years$4,177$3,615$3,119$2,684$2,303$1,740
15 years$3,858$3,303$2,816$2,393$2,028$1,496
16 years$3,580$3,030$2,553$2,143$1,792$1,290
17 years$3,334$2,791$2,323$1,925$1,589$1,115
18 years$3,116$2,579$2,121$1,735$1,413$967
19 years$2,921$2,390$1,942$1,568$1,259$840
20 years$2,746$2,221$1,782$1,420$1,125$731
21 years$2,588$2,069$1,639$1,289$1,007$637
22 years$2,444$1,931$1,511$1,172$902$556
23 years$2,313$1,806$1,395$1,067$810$485
24 years$2,193$1,692$1,290$973$728$424
25 years$2,083$1,588$1,195$889$655$371
26 years$1,982$1,492$1,108$813$590$325
27 years$1,888$1,404$1,029$744$532$285
28 years$1,801$1,323$957$682$480$250
29 years$1,720$1,249$890$625$433$219
30 years$1,645$1,179$829$574$392$192
31 years$1,574$1,115$773$527$354$169
32 years$1,509$1,055$721$484$320$148
33 years$1,447$999$673$445$290$130
34 years$1,389$947$629$410$262$115
35 years$1,335$898$588$377$238$101
36 years$1,283$852$550$347$215$88
37 years$1,235$809$515$320$195$78
38 years$1,189$769$482$295$177$68
39 years$1,146$731$452$272$160$60
40 years$1,105$696$424$251$146$53
41 years$1,066$662$397$231$132$47
42 years$1,029$631$373$214$120$41
43 years$994$601$350$197$109$36
44 years$960$573$328$182$99$32
45 years$928$546$308$168$90$28
46 years$898$521$289$155$81$25
47 years$869$497$272$143$74$22
48 years$841$475$255$133$67$19
49 years$814$453$240$123$61$17
50 years$789$433$226$113$55$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $808,000, adding $4,695 every year, while hoping to spend $37,477 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: 57/20/23 Blend
68$808,000$808,000$808,000$808,000
69$895,259$852,435$839,911$940,473
70$946,700$854,329$828,173$973,776
71$1,002,132$855,060$814,785$1,005,661
72$1,061,923$854,531$799,654$1,039,608
73$1,126,475$852,639$782,679$1,075,825
74$1,196,234$849,277$763,756$1,114,544
75$1,271,686$844,327$742,778$1,156,021
76$1,353,367$837,669$719,631$1,200,540
77$1,441,867$829,171$694,195$1,248,416
78$1,537,833$818,696$666,346$1,299,997
79$1,641,978$806,098$635,954$1,355,669
80$1,755,085$791,222$602,884$1,415,860
81$1,878,017$773,905$566,994$1,481,043
82$2,011,720$753,972$528,134$1,551,742
83$2,157,239$731,240$486,150$1,628,537
84$2,315,721$705,515$440,880$1,712,070
85$2,488,430$676,590$392,154$1,803,051
86$2,676,754$644,247$339,795$1,902,265
87$2,882,225$608,257$283,620$2,010,581
88$3,106,525$568,375$223,435$2,128,960
89$3,351,509$524,343$159,038$2,258,465
90$3,619,216$475,890$90,220$2,400,271
91$3,911,895$422,727$16,760$2,555,675
92$4,232,017$364,550$0$2,726,114
93$4,582,307$301,037$0$2,928,300
94$4,965,763$231,849$0$3,154,233
95$5,385,688$156,626$0$3,401,794
96$5,845,717$74,990$0$3,673,188
97$6,349,857$0$0$3,970,845
98$6,902,516$0$0$4,300,410
99$7,508,554$0$0$4,679,973
100$8,173,319$0$0$5,096,391