Can I retire at age 69 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$68,788$68,176$67,578$66,994$66,425$64,221
2 years$34,054$33,419$32,805$32,209$31,631$29,432
3 years$22,477$21,840$21,227$20,637$20,068$17,943
4 years$16,690$16,055$15,448$14,867$14,313$12,278
5 years$13,218$12,587$11,988$11,420$10,880$8,941
6 years$10,905$10,278$9,688$9,132$8,609$6,767
7 years$9,253$8,632$8,051$7,508$7,002$5,257
8 years$8,015$7,399$6,828$6,298$5,808$4,159
9 years$7,052$6,442$5,881$5,365$4,892$3,336
10 years$6,282$5,678$5,127$4,625$4,168$2,704
11 years$5,653$5,055$4,514$4,025$3,584$2,209
12 years$5,129$4,537$4,006$3,530$3,106$1,816
13 years$4,686$4,100$3,579$3,117$2,709$1,500
14 years$4,306$3,727$3,216$2,767$2,374$1,245
15 years$3,978$3,405$2,903$2,467$2,091$1,036
16 years$3,691$3,124$2,632$2,209$1,848$865
17 years$3,437$2,877$2,395$1,985$1,638$723
18 years$3,213$2,658$2,187$1,789$1,457$606
19 years$3,012$2,464$2,002$1,616$1,298$509
20 years$2,831$2,289$1,837$1,464$1,160$428
21 years$2,668$2,133$1,690$1,329$1,038$360
22 years$2,520$1,991$1,557$1,208$930$303
23 years$2,385$1,862$1,438$1,100$835$255
24 years$2,261$1,744$1,330$1,003$751$215
25 years$2,148$1,637$1,232$916$675$182
26 years$2,043$1,539$1,142$838$608$153
27 years$1,946$1,448$1,061$767$549$129
28 years$1,857$1,364$986$703$495$109
29 years$1,773$1,287$918$644$447$92
30 years$1,696$1,216$855$591$404$78
31 years$1,623$1,149$797$543$365$66
32 years$1,555$1,087$744$499$330$56
33 years$1,492$1,030$694$459$299$47
34 years$1,432$976$649$422$271$40
35 years$1,376$926$606$389$245$34
36 years$1,323$879$567$358$222$28
37 years$1,273$834$531$330$201$24
38 years$1,226$793$497$304$182$20
39 years$1,181$754$466$280$165$17
40 years$1,139$717$437$259$150$15
41 years$1,099$683$409$239$136$12
42 years$1,061$650$384$220$124$10
43 years$1,024$620$360$203$112$9
44 years$990$591$338$188$102$7
45 years$957$563$318$173$92$6
46 years$925$537$298$160$84$5
47 years$895$513$280$148$76$5
48 years$867$490$263$137$69$4
49 years$839$467$248$126$63$3
50 years$813$447$233$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $833,000, adding $2,375 every year, while hoping to spend $52,814 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: 58/36/6 Blend
68$833,000$833,000$833,000$833,000
69$920,416$876,267$863,355$972,550
70$958,105$863,010$836,084$994,563
71$997,867$847,334$806,129$1,012,340
72$1,039,860$829,064$773,345$1,030,392
73$1,084,253$808,015$737,579$1,048,748
74$1,131,231$783,992$698,672$1,067,442
75$1,180,997$756,788$656,458$1,086,518
76$1,233,772$726,184$610,763$1,106,022
77$1,289,798$691,948$561,404$1,126,010
78$1,349,339$653,835$508,193$1,146,547
79$1,412,685$611,587$450,931$1,167,708
80$1,480,153$564,928$389,411$1,189,580
81$1,552,088$513,569$323,416$1,212,261
82$1,628,871$457,203$252,720$1,235,864
83$1,710,917$395,508$177,088$1,260,518
84$1,798,683$328,141$96,273$1,286,372
85$1,892,669$254,739$10,018$1,313,591
86$1,993,422$174,923$0$1,342,366
87$2,101,545$88,288$0$1,378,164
88$2,217,698$0$0$1,417,002
89$2,342,605$0$0$1,460,747
90$2,477,061$0$0$1,545,534
91$2,621,941$0$0$1,636,948
92$2,778,203$0$0$1,735,599
93$2,946,901$0$0$1,842,161
94$3,129,195$0$0$1,957,372
95$3,326,356$0$0$2,082,046
96$3,539,785$0$0$2,217,074
97$3,771,018$0$0$2,363,438
98$4,021,748$0$0$2,522,219
99$4,293,834$0$0$2,694,603
100$4,589,322$0$0$2,881,897