Can I retire at age 69 with 818,000?

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 $818,000?

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$67,550$66,948$66,361$65,788$65,228$63,885
2 years$33,440$32,818$32,214$31,629$31,061$29,714
3 years$22,072$21,447$20,845$20,265$19,706$18,398
4 years$16,389$15,766$15,170$14,600$14,055$12,794
5 years$12,980$12,360$11,772$11,214$10,684$9,475
6 years$10,708$10,093$9,514$8,968$8,454$7,298
7 years$9,086$8,476$7,906$7,373$6,875$5,773
8 years$7,870$7,266$6,705$6,185$5,704$4,654
9 years$6,925$6,326$5,775$5,268$4,803$3,806
10 years$6,169$5,576$5,035$4,541$4,093$3,146
11 years$5,551$4,964$4,432$3,952$3,520$2,624
12 years$5,036$4,456$3,934$3,467$3,050$2,203
13 years$4,601$4,027$3,514$3,061$2,660$1,860
14 years$4,229$3,660$3,158$2,717$2,332$1,577
15 years$3,906$3,343$2,851$2,423$2,053$1,343
16 years$3,624$3,068$2,585$2,169$1,814$1,147
17 years$3,375$2,825$2,352$1,949$1,609$982
18 years$3,155$2,611$2,147$1,757$1,430$842
19 years$2,957$2,419$1,966$1,587$1,275$724
20 years$2,780$2,248$1,804$1,438$1,139$624
21 years$2,620$2,094$1,659$1,305$1,019$538
22 years$2,474$1,955$1,529$1,186$914$464
23 years$2,342$1,828$1,412$1,080$820$401
24 years$2,220$1,713$1,306$985$737$347
25 years$2,109$1,608$1,210$900$663$300
26 years$2,006$1,511$1,122$823$597$260
27 years$1,911$1,422$1,042$753$539$225
28 years$1,823$1,340$968$690$486$195
29 years$1,741$1,264$901$633$439$169
30 years$1,665$1,194$839$581$397$147
31 years$1,594$1,128$783$533$359$128
32 years$1,527$1,068$730$490$324$111
33 years$1,465$1,011$682$451$293$96
34 years$1,406$958$637$415$266$83
35 years$1,351$909$596$382$241$73
36 years$1,299$863$557$352$218$63
37 years$1,250$819$521$324$198$55
38 years$1,204$779$488$299$179$48
39 years$1,160$741$457$275$162$41
40 years$1,118$705$429$254$147$36
41 years$1,079$671$402$234$134$31
42 years$1,041$639$377$216$121$27
43 years$1,006$609$354$200$110$24
44 years$972$580$332$184$100$20
45 years$940$553$312$170$91$18
46 years$909$528$293$157$82$15
47 years$879$504$275$145$75$13
48 years$851$481$259$134$68$12
49 years$824$459$243$124$62$10
50 years$799$439$229$115$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $818,000, adding $3,053 every year, while hoping to spend $47,724 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: 73/9/18 Blend
68$818,000$818,000$818,000$818,000
69$904,585$861,231$848,552$966,600
70$946,075$852,654$826,201$999,588
71$990,197$842,056$801,501$1,029,623
72$1,037,170$829,289$774,324$1,061,289
73$1,087,232$814,195$744,534$1,094,740
74$1,140,645$796,606$711,992$1,130,143
75$1,197,695$776,345$676,548$1,167,685
76$1,258,697$753,222$638,049$1,207,572
77$1,323,994$727,040$596,334$1,250,032
78$1,393,964$697,588$551,234$1,295,319
79$1,469,021$664,642$502,573$1,343,710
80$1,549,620$627,968$450,167$1,395,517
81$1,636,258$587,316$393,825$1,451,080
82$1,729,484$542,422$333,346$1,510,778
83$1,829,898$493,007$268,519$1,575,029
84$1,938,160$438,777$199,128$1,644,296
85$2,054,996$379,421$124,942$1,719,091
86$2,181,203$314,610$45,725$1,799,980
87$2,317,655$243,995$0$1,887,587
88$2,465,316$167,210$0$1,990,060
89$2,625,242$83,868$0$2,110,563
90$2,798,598$0$0$2,241,203
91$2,986,661$0$0$2,383,605
92$3,190,839$0$0$2,547,258
93$3,412,679$0$0$2,725,101
94$3,653,883$0$0$2,918,501
95$3,916,322$0$0$3,128,964
96$4,202,056$0$0$3,358,147
97$4,513,353$0$0$3,607,873
98$4,852,708$0$0$3,880,147
99$5,222,864$0$0$4,177,178
100$5,626,845$0$0$4,501,395