Can I retire at age 69 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$72,670$72,022$71,391$70,774$70,172$68,035
2 years$35,975$35,305$34,656$34,026$33,415$31,281
3 years$23,745$23,072$22,425$21,801$21,200$19,135
4 years$17,631$16,961$16,319$15,706$15,120$13,140
5 years$13,964$13,297$12,664$12,064$11,494$9,604
6 years$11,520$10,858$10,235$9,648$9,095$7,297
7 years$9,775$9,119$8,505$7,932$7,397$5,691
8 years$8,467$7,816$7,213$6,654$6,136$4,521
9 years$7,450$6,806$6,213$5,668$5,168$3,642
10 years$6,637$5,999$5,416$4,886$4,403$2,964
11 years$5,972$5,340$4,768$4,252$3,787$2,433
12 years$5,418$4,793$4,232$3,729$3,281$2,009
13 years$4,950$4,332$3,781$3,293$2,862$1,668
14 years$4,549$3,937$3,397$2,923$2,508$1,391
15 years$4,202$3,597$3,067$2,607$2,209$1,163
16 years$3,899$3,300$2,781$2,334$1,952$976
17 years$3,631$3,039$2,530$2,097$1,731$820
18 years$3,394$2,808$2,310$1,890$1,539$691
19 years$3,182$2,603$2,115$1,708$1,372$583
20 years$2,991$2,419$1,941$1,547$1,225$493
21 years$2,818$2,253$1,785$1,404$1,096$417
22 years$2,662$2,103$1,645$1,276$983$353
23 years$2,519$1,967$1,519$1,162$882$299
24 years$2,389$1,843$1,405$1,060$793$254
25 years$2,269$1,729$1,301$968$714$215
26 years$2,158$1,625$1,207$885$643$183
27 years$2,056$1,530$1,121$810$579$155
28 years$1,961$1,441$1,042$742$523$132
29 years$1,873$1,360$969$681$472$112
30 years$1,791$1,284$903$625$427$95
31 years$1,715$1,214$842$574$386$81
32 years$1,643$1,149$785$527$349$69
33 years$1,576$1,088$733$485$316$58
34 years$1,513$1,031$685$446$286$50
35 years$1,454$978$641$411$259$42
36 years$1,398$928$599$378$235$36
37 years$1,345$882$561$349$213$31
38 years$1,295$838$525$321$193$26
39 years$1,248$797$492$296$175$22
40 years$1,203$758$461$273$159$19
41 years$1,161$721$433$252$144$16
42 years$1,120$687$406$233$131$14
43 years$1,082$655$381$215$118$12
44 years$1,046$624$357$198$108$10
45 years$1,011$595$336$183$98$8
46 years$978$568$315$169$89$7
47 years$946$542$296$156$80$6
48 years$916$517$278$144$73$5
49 years$887$494$262$133$66$4
50 years$859$472$246$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $880,000, adding $2,956 every year, while hoping to spend $55,205 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: 59/20/21 Blend
68$880,000$880,000$880,000$880,000
69$972,809$926,169$912,529$1,024,627
70$1,013,298$912,814$884,361$1,046,795
71$1,056,066$896,954$853,399$1,064,698
72$1,101,289$878,408$819,492$1,082,997
73$1,149,155$856,985$782,480$1,101,743
74$1,199,873$832,481$742,197$1,120,992
75$1,253,670$804,683$698,470$1,140,808
76$1,310,793$773,361$651,118$1,161,267
77$1,371,515$738,276$599,951$1,182,453
78$1,436,131$699,173$544,771$1,204,462
79$1,504,966$655,783$485,371$1,227,405
80$1,578,377$607,821$421,535$1,251,406
81$1,656,753$554,985$353,038$1,276,608
82$1,740,520$496,958$279,643$1,303,169
83$1,830,148$433,404$201,106$1,331,271
84$1,926,148$363,966$117,168$1,361,116
85$2,029,084$288,269$27,562$1,392,934
86$2,139,574$205,917$0$1,426,983
87$2,258,294$116,491$0$1,478,803
88$2,385,989$19,548$0$1,541,050
89$2,523,475$0$0$1,607,975
90$2,671,650$0$0$1,698,846
91$2,831,498$0$0$1,801,573
92$3,004,102$0$0$1,912,555
93$3,190,651$0$0$2,032,564
94$3,392,452$0$0$2,162,450
95$3,610,941$0$0$2,303,146
96$3,847,699$0$0$2,455,676
97$4,104,463$0$0$2,621,168
98$4,383,141$0$0$2,800,864
99$4,685,836$0$0$2,996,128
100$5,014,857$0$0$3,208,460