Can I retire at age 69 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$71,679$71,040$70,417$69,809$69,216$68,379
2 years$35,484$34,824$34,183$33,562$32,960$32,118
3 years$23,421$22,758$22,119$21,504$20,911$20,090
4 years$17,391$16,729$16,097$15,492$14,914$14,120
5 years$13,774$13,116$12,492$11,899$11,337$10,573
6 years$11,363$10,710$10,095$9,516$8,971$8,237
7 years$9,642$8,994$8,389$7,824$7,296$6,592
8 years$8,351$7,710$7,115$6,563$6,052$5,380
9 years$7,348$6,713$6,128$5,590$5,097$4,455
10 years$6,546$5,917$5,342$4,819$4,343$3,730
11 years$5,890$5,268$4,703$4,194$3,735$3,152
12 years$5,344$4,728$4,174$3,679$3,237$2,682
13 years$4,883$4,273$3,729$3,248$2,823$2,296
14 years$4,487$3,884$3,351$2,883$2,474$1,975
15 years$4,145$3,548$3,025$2,571$2,178$1,706
16 years$3,846$3,255$2,743$2,302$1,925$1,478
17 years$3,582$2,998$2,496$2,068$1,707$1,285
18 years$3,348$2,770$2,278$1,864$1,518$1,119
19 years$3,138$2,567$2,086$1,684$1,353$977
20 years$2,950$2,386$1,914$1,525$1,208$855
21 years$2,780$2,222$1,761$1,384$1,081$749
22 years$2,626$2,074$1,623$1,259$969$657
23 years$2,485$1,940$1,498$1,146$870$577
24 years$2,356$1,818$1,386$1,046$782$507
25 years$2,238$1,706$1,283$955$704$446
26 years$2,129$1,603$1,190$873$634$393
27 years$2,028$1,509$1,105$799$572$346
28 years$1,935$1,422$1,028$732$516$305
29 years$1,848$1,341$956$671$466$269
30 years$1,767$1,267$891$616$421$238
31 years$1,691$1,197$830$566$380$210
32 years$1,621$1,133$775$520$344$186
33 years$1,554$1,073$723$478$311$164
34 years$1,492$1,017$676$440$282$145
35 years$1,434$965$632$405$255$128
36 years$1,379$915$591$373$231$113
37 years$1,327$870$553$344$210$100
38 years$1,277$826$518$317$190$89
39 years$1,231$786$485$292$172$78
40 years$1,187$748$455$269$156$69
41 years$1,145$712$427$249$142$61
42 years$1,105$678$400$229$129$54
43 years$1,067$646$376$212$117$48
44 years$1,031$616$353$196$106$43
45 years$997$587$331$181$96$38
46 years$964$560$311$167$87$33
47 years$933$534$292$154$79$30
48 years$903$510$274$142$72$26
49 years$875$487$258$132$65$23
50 years$847$465$243$122$59$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $868,000, adding $3,388 every year, while hoping to spend $21,675 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: 41/47/12 Blend
68$868,000$868,000$868,000$868,000
69$960,031$914,027$900,573$995,852
70$1,034,892$935,752$907,680$1,043,097
71$1,116,662$957,815$914,299$1,091,792
72$1,206,024$980,210$920,390$1,144,016
73$1,303,728$1,002,930$925,912$1,200,100
74$1,410,600$1,025,966$930,822$1,260,408
75$1,527,551$1,049,307$935,074$1,325,341
76$1,655,582$1,072,945$938,620$1,395,340
77$1,795,798$1,096,865$941,410$1,470,892
78$1,949,413$1,121,055$943,391$1,552,532
79$2,117,765$1,145,499$944,507$1,640,852
80$2,302,329$1,170,181$944,701$1,736,501
81$2,504,729$1,195,082$943,910$1,840,195
82$2,726,751$1,220,181$942,071$1,952,726
83$2,970,365$1,245,455$939,116$2,074,963
84$3,237,741$1,270,881$934,975$2,207,866
85$3,531,268$1,296,431$929,574$2,352,492
86$3,853,578$1,322,077$922,835$2,510,006
87$4,207,570$1,347,786$914,677$2,681,692
88$4,596,438$1,373,524$905,015$2,868,967
89$5,023,702$1,399,253$893,760$3,073,390
90$5,493,237$1,424,934$880,818$3,296,682
91$6,009,313$1,450,522$866,092$3,540,738
92$6,576,636$1,475,971$849,479$3,807,649
93$7,200,389$1,501,230$830,873$4,099,717
94$7,886,282$1,526,243$810,160$4,419,483
95$8,640,607$1,550,953$787,225$4,769,746
96$9,470,296$1,575,297$761,944$5,153,591
97$10,382,986$1,599,206$734,188$5,574,421
98$11,387,092$1,622,608$703,825$6,035,984
99$12,491,885$1,645,426$670,713$6,542,414
100$13,707,582$1,667,577$634,707$7,098,269