Can I retire at age 69 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$70,523$69,894$69,281$68,683$68,099$67,642
2 years$34,912$34,262$33,632$33,021$32,428$31,967
3 years$23,044$22,391$21,762$21,157$20,574$20,123
4 years$17,110$16,459$15,837$15,242$14,673$14,236
5 years$13,551$12,904$12,290$11,708$11,154$10,732
6 years$11,180$10,537$9,932$9,363$8,826$8,420
7 years$9,486$8,849$8,254$7,697$7,178$6,788
8 years$8,217$7,585$7,000$6,457$5,955$5,580
9 years$7,230$6,605$6,029$5,500$5,015$4,656
10 years$6,441$5,822$5,256$4,741$4,273$3,930
11 years$5,795$5,183$4,628$4,126$3,675$3,347
12 years$5,258$4,652$4,107$3,619$3,185$2,872
13 years$4,804$4,204$3,669$3,195$2,777$2,479
14 years$4,415$3,821$3,297$2,836$2,434$2,151
15 years$4,078$3,491$2,977$2,530$2,143$1,874
16 years$3,784$3,203$2,699$2,265$1,894$1,638
17 years$3,524$2,949$2,456$2,035$1,680$1,437
18 years$3,294$2,725$2,242$1,834$1,493$1,263
19 years$3,088$2,526$2,052$1,657$1,331$1,113
20 years$2,902$2,347$1,883$1,501$1,189$983
21 years$2,735$2,186$1,732$1,362$1,064$870
22 years$2,583$2,041$1,597$1,239$954$770
23 years$2,445$1,909$1,474$1,128$856$683
24 years$2,318$1,788$1,363$1,029$770$607
25 years$2,202$1,678$1,263$940$692$539
26 years$2,094$1,577$1,171$859$624$480
27 years$1,995$1,484$1,088$786$562$427
28 years$1,903$1,399$1,011$720$507$381
29 years$1,818$1,320$941$661$458$339
30 years$1,738$1,246$876$606$414$303
31 years$1,664$1,178$817$557$374$270
32 years$1,595$1,115$762$512$339$241
33 years$1,529$1,056$712$471$306$216
34 years$1,468$1,001$665$433$277$193
35 years$1,411$949$622$399$251$172
36 years$1,356$901$582$367$228$154
37 years$1,305$855$544$338$206$138
38 years$1,257$813$510$312$187$123
39 years$1,211$773$478$287$170$110
40 years$1,168$736$448$265$154$99
41 years$1,126$700$420$245$140$88
42 years$1,087$667$394$226$127$79
43 years$1,050$635$369$208$115$71
44 years$1,015$606$347$192$104$63
45 years$981$577$326$178$95$57
46 years$949$551$306$164$86$51
47 years$918$526$287$152$78$45
48 years$889$502$270$140$71$41
49 years$861$479$254$130$64$36
50 years$834$458$239$120$59$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $854,000, adding $3,019 every year, while hoping to spend $40,248 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: 45/47/8 Blend
68$854,000$854,000$854,000$854,000
69$944,222$898,960$885,723$984,463
70$997,709$900,186$872,571$1,013,793
71$1,055,303$900,122$857,630$1,041,184
72$1,117,380$898,664$840,797$1,069,957
73$1,184,354$895,700$821,964$1,100,253
74$1,256,678$891,109$801,020$1,132,230
75$1,334,852$884,767$777,848$1,166,063
76$1,419,425$876,538$752,323$1,201,949
77$1,511,000$866,282$724,319$1,240,105
78$1,610,239$853,847$693,701$1,280,775
79$1,717,872$839,074$660,329$1,324,231
80$1,834,700$821,793$624,055$1,370,775
81$1,961,605$801,827$584,726$1,420,743
82$2,099,557$778,985$542,183$1,474,510
83$2,249,622$753,066$496,257$1,532,492
84$2,412,976$723,859$446,774$1,595,152
85$2,590,910$691,137$393,551$1,663,006
86$2,784,844$654,665$336,397$1,736,624
87$2,996,345$614,190$275,112$1,816,643
88$3,227,133$569,446$209,489$1,903,769
89$3,479,104$520,152$139,311$1,998,785
90$3,754,344$466,012$64,349$2,102,559
91$4,055,151$406,710$0$2,216,059
92$4,384,052$341,914$0$2,341,688
93$4,743,833$271,276$0$2,485,246
94$5,137,558$194,423$0$2,642,573
95$5,568,604$110,964$0$2,815,150
96$6,040,687$20,487$0$3,004,616
97$6,557,902$0$0$3,212,786
98$7,124,756$0$0$3,481,722
99$7,746,214$0$0$3,788,283
100$8,427,746$0$0$4,124,583