Can I retire at age 69 with 855,000?

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 $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$70,605$69,976$69,363$68,764$68,179$65,996
2 years$34,953$34,302$33,671$33,059$32,466$30,287
3 years$23,071$22,417$21,787$21,182$20,598$18,491
4 years$17,130$16,479$15,856$15,260$14,691$12,672
5 years$13,567$12,920$12,305$11,721$11,168$9,243
6 years$11,193$10,550$9,944$9,374$8,836$7,007
7 years$9,497$8,860$8,264$7,707$7,186$5,452
8 years$8,226$7,594$7,008$6,465$5,962$4,322
9 years$7,238$6,612$6,036$5,507$5,021$3,473
10 years$6,448$5,828$5,262$4,747$4,278$2,820
11 years$5,802$5,189$4,633$4,131$3,679$2,308
12 years$5,264$4,657$4,112$3,624$3,188$1,901
13 years$4,810$4,209$3,673$3,199$2,780$1,574
14 years$4,420$3,826$3,301$2,840$2,437$1,309
15 years$4,083$3,495$2,980$2,533$2,146$1,092
16 years$3,788$3,206$2,702$2,268$1,897$913
17 years$3,528$2,953$2,459$2,037$1,682$765
18 years$3,297$2,729$2,244$1,836$1,495$643
19 years$3,091$2,529$2,055$1,659$1,333$541
20 years$2,906$2,350$1,886$1,503$1,190$456
21 years$2,738$2,189$1,734$1,364$1,065$384
22 years$2,586$2,043$1,599$1,240$955$324
23 years$2,448$1,911$1,476$1,129$857$274
24 years$2,321$1,790$1,365$1,030$770$231
25 years$2,204$1,680$1,264$941$693$196
26 years$2,097$1,579$1,173$860$624$166
27 years$1,998$1,486$1,089$787$563$140
28 years$1,906$1,400$1,012$721$508$119
29 years$1,820$1,321$942$661$459$100
30 years$1,740$1,248$877$607$414$85
31 years$1,666$1,179$818$557$375$72
32 years$1,596$1,116$763$512$339$61
33 years$1,531$1,057$713$471$307$52
34 years$1,470$1,002$666$433$278$44
35 years$1,412$950$622$399$252$37
36 years$1,358$902$582$368$228$32
37 years$1,307$856$545$339$207$27
38 years$1,258$814$510$312$187$23
39 years$1,212$774$478$288$170$19
40 years$1,169$736$448$265$154$16
41 years$1,128$701$420$245$140$14
42 years$1,089$668$394$226$127$12
43 years$1,051$636$370$209$115$10
44 years$1,016$606$347$193$104$8
45 years$982$578$326$178$95$7
46 years$950$552$306$164$86$6
47 years$919$526$288$152$78$5
48 years$890$502$270$140$71$4
49 years$862$480$254$130$64$4
50 years$835$458$239$120$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $855,000, adding $2,752 every year, while hoping to spend $55,873 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: 68/16/16 Blend
68$855,000$855,000$855,000$855,000
69$945,049$899,734$886,481$1,005,547
70$981,995$884,372$856,730$1,030,878
71$1,020,838$866,385$824,109$1,051,726
72$1,061,710$845,586$788,464$1,073,129
73$1,104,760$821,774$749,633$1,095,135
74$1,150,145$794,741$707,445$1,117,801
75$1,198,039$764,263$661,724$1,141,191
76$1,248,632$730,104$612,285$1,165,375
77$1,302,130$692,017$558,934$1,190,436
78$1,358,758$649,736$501,469$1,216,464
79$1,418,762$602,984$439,678$1,243,562
80$1,482,411$551,465$373,343$1,271,846
81$1,549,998$494,869$302,231$1,301,446
82$1,621,846$432,865$226,104$1,332,508
83$1,698,305$365,106$144,709$1,365,195
84$1,779,760$291,224$57,785$1,399,692
85$1,866,633$210,832$0$1,436,203
86$1,959,385$123,518$0$1,480,931
87$2,058,521$28,850$0$1,539,076
88$2,164,597$0$0$1,601,102
89$2,278,221$0$0$1,680,347
90$2,400,058$0$0$1,770,801
91$2,530,840$0$0$1,867,932
92$2,671,371$0$0$1,972,339
93$2,822,530$0$0$2,084,684
94$2,985,287$0$0$2,205,689
95$3,160,702$0$0$2,336,150
96$3,349,944$0$0$2,476,942
97$3,554,295$0$0$2,629,022
98$3,775,162$0$0$2,793,447
99$4,014,096$0$0$2,971,376
100$4,272,797$0$0$3,164,083