Can I retire at age 69 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$69,119$68,503$67,902$67,316$66,744$65,692
2 years$34,217$33,580$32,962$32,363$31,783$30,726
3 years$22,585$21,945$21,329$20,736$20,164$19,135
4 years$16,770$16,132$15,522$14,939$14,381$13,388
5 years$13,282$12,648$12,046$11,474$10,932$9,978
6 years$10,957$10,328$9,735$9,176$8,650$7,735
7 years$9,297$8,673$8,090$7,544$7,035$6,160
8 years$8,053$7,434$6,861$6,329$5,836$5,001
9 years$7,086$6,473$5,909$5,391$4,915$4,119
10 years$6,312$5,706$5,152$4,647$4,188$3,430
11 years$5,680$5,079$4,535$4,044$3,602$2,882
12 years$5,153$4,559$4,025$3,547$3,121$2,439
13 years$4,708$4,120$3,596$3,132$2,722$2,075
14 years$4,327$3,745$3,231$2,780$2,386$1,774
15 years$3,997$3,421$2,917$2,479$2,101$1,523
16 years$3,708$3,139$2,645$2,220$1,857$1,312
17 years$3,454$2,891$2,407$1,995$1,646$1,133
18 years$3,228$2,671$2,197$1,797$1,464$980
19 years$3,026$2,476$2,011$1,624$1,305$850
20 years$2,845$2,300$1,846$1,471$1,165$739
21 years$2,681$2,143$1,698$1,335$1,043$643
22 years$2,532$2,000$1,565$1,214$935$560
23 years$2,396$1,871$1,445$1,105$839$489
24 years$2,272$1,753$1,336$1,008$754$427
25 years$2,158$1,645$1,238$921$679$373
26 years$2,053$1,546$1,148$842$611$326
27 years$1,956$1,455$1,066$771$551$285
28 years$1,865$1,371$991$706$497$250
29 years$1,782$1,293$922$647$449$219
30 years$1,704$1,221$859$594$406$192
31 years$1,631$1,155$801$546$367$168
32 years$1,563$1,093$747$502$332$147
33 years$1,499$1,035$698$461$300$129
34 years$1,439$981$652$424$272$113
35 years$1,383$930$609$391$246$99
36 years$1,329$883$570$360$223$87
37 years$1,279$838$534$331$202$77
38 years$1,232$797$500$306$183$67
39 years$1,187$758$468$282$166$59
40 years$1,144$721$439$260$151$52
41 years$1,104$686$411$240$137$45
42 years$1,066$654$386$221$124$40
43 years$1,029$623$362$204$113$35
44 years$994$594$340$189$102$31
45 years$961$566$319$174$93$27
46 years$930$540$300$161$84$24
47 years$900$515$282$149$77$21
48 years$871$492$265$137$70$18
49 years$844$470$249$127$63$16
50 years$817$449$234$117$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $837,000, adding $5,196 every year, while hoping to spend $38,893 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: 30/45/25 Blend
68$837,000$837,000$837,000$837,000
69$927,734$883,373$870,399$948,267
70$980,981$885,276$858,176$966,463
71$1,038,355$885,969$844,239$982,237
72$1,100,238$885,352$828,491$998,417
73$1,167,045$883,317$810,829$1,015,064
74$1,239,236$879,752$791,144$1,032,249
75$1,317,315$874,537$769,324$1,050,052
76$1,401,835$867,544$745,251$1,068,567
77$1,493,407$858,638$718,801$1,087,898
78$1,592,699$847,676$689,846$1,108,167
79$1,700,449$834,506$658,250$1,129,511
80$1,817,466$818,968$623,873$1,152,085
81$1,944,641$800,891$586,566$1,176,065
82$2,082,954$780,094$546,176$1,201,650
83$2,233,484$756,388$502,541$1,229,066
84$2,397,418$729,569$455,494$1,258,566
85$2,576,060$699,423$404,859$1,290,435
86$2,770,848$665,725$350,452$1,324,994
87$2,983,363$628,234$292,081$1,362,603
88$3,215,347$586,698$229,546$1,403,667
89$3,468,714$540,849$162,638$1,448,639
90$3,745,576$490,403$91,139$1,498,026
91$4,048,253$435,061$14,821$1,552,396
92$4,379,303$374,508$0$1,612,384
93$4,741,542$308,408$0$1,696,471
94$5,138,069$236,409$0$1,793,051
95$5,572,297$158,139$0$1,899,118
96$6,047,986$73,202$0$2,015,728
97$6,569,276$0$0$2,144,053
98$7,140,726$0$0$2,294,710
99$7,767,357$0$0$2,499,795
100$8,454,701$0$0$2,724,886