Can I retire at age 69 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$73,082$72,431$71,796$71,176$70,571$68,176
2 years$36,179$35,506$34,853$34,219$33,605$31,216
3 years$23,880$23,203$22,552$21,925$21,321$19,012
4 years$17,732$17,057$16,412$15,796$15,206$12,997
5 years$14,043$13,373$12,736$12,132$11,559$9,455
6 years$11,585$10,920$10,293$9,702$9,147$7,148
7 years$9,830$9,171$8,553$7,977$7,439$5,546
8 years$8,515$7,861$7,254$6,692$6,171$4,383
9 years$7,492$6,844$6,248$5,700$5,197$3,511
10 years$6,674$6,033$5,447$4,913$4,428$2,842
11 years$6,006$5,371$4,795$4,276$3,808$2,319
12 years$5,449$4,820$4,256$3,751$3,300$1,904
13 years$4,978$4,356$3,802$3,311$2,878$1,571
14 years$4,575$3,960$3,416$2,939$2,523$1,301
15 years$4,226$3,617$3,085$2,621$2,221$1,082
16 years$3,921$3,319$2,797$2,347$1,963$901
17 years$3,652$3,057$2,545$2,109$1,741$753
18 years$3,413$2,824$2,323$1,901$1,548$630
19 years$3,200$2,618$2,127$1,717$1,379$528
20 years$3,008$2,432$1,952$1,555$1,232$443
21 years$2,834$2,266$1,795$1,412$1,103$372
22 years$2,677$2,115$1,655$1,283$988$313
23 years$2,534$1,978$1,528$1,169$887$263
24 years$2,402$1,853$1,413$1,066$797$222
25 years$2,282$1,739$1,309$974$718$187
26 years$2,170$1,635$1,214$890$646$157
27 years$2,068$1,538$1,127$815$583$133
28 years$1,972$1,450$1,048$747$526$112
29 years$1,884$1,368$975$685$475$94
30 years$1,801$1,291$908$628$429$80
31 years$1,724$1,221$847$577$388$67
32 years$1,652$1,155$790$530$351$57
33 years$1,585$1,094$738$488$318$48
34 years$1,521$1,037$689$449$287$40
35 years$1,462$983$644$413$260$34
36 years$1,406$933$603$380$236$29
37 years$1,353$887$564$351$214$24
38 years$1,302$843$528$323$194$21
39 years$1,255$801$495$298$176$17
40 years$1,210$762$464$275$159$15
41 years$1,167$726$435$253$145$12
42 years$1,127$691$408$234$131$10
43 years$1,088$658$383$216$119$9
44 years$1,052$628$359$199$108$7
45 years$1,017$598$337$184$98$6
46 years$983$571$317$170$89$5
47 years$951$545$298$157$81$4
48 years$921$520$280$145$73$4
49 years$892$497$263$134$67$3
50 years$864$474$247$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $885,000, adding $3,016 every year, while hoping to spend $26,717 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: 66/21/13 Blend
68$885,000$885,000$885,000$885,000
69$978,381$931,476$917,759$1,039,841
70$1,049,749$948,692$920,077$1,098,438
71$1,127,501$965,855$921,577$1,159,045
72$1,212,261$982,937$922,204$1,224,615
73$1,304,713$999,902$921,900$1,295,631
74$1,405,612$1,016,716$920,602$1,372,628
75$1,515,790$1,033,340$918,247$1,456,191
76$1,636,160$1,049,733$914,768$1,546,968
77$1,767,729$1,065,851$910,093$1,645,671
78$1,911,606$1,081,646$904,150$1,753,088
79$2,069,010$1,097,067$896,859$1,870,083
80$2,241,286$1,112,060$888,141$1,997,611
81$2,429,913$1,126,567$877,910$2,136,725
82$2,636,520$1,140,525$866,076$2,288,583
83$2,862,903$1,153,868$852,547$2,454,463
84$3,111,036$1,166,525$837,224$2,635,774
85$3,383,096$1,178,419$820,006$2,834,070
86$3,681,481$1,189,471$800,785$3,051,060
87$4,008,830$1,199,593$779,450$3,288,631
88$4,368,052$1,208,694$755,882$3,548,863
89$4,762,350$1,216,676$729,960$3,834,048
90$5,195,251$1,223,435$701,556$4,146,711
91$5,670,644$1,228,861$670,535$4,489,637
92$6,192,809$1,232,834$636,758$4,865,896
93$6,766,463$1,235,231$600,077$5,278,871
94$7,396,803$1,235,918$560,340$5,732,292
95$8,089,553$1,234,753$517,387$6,230,270
96$8,851,018$1,231,588$471,051$6,777,336
97$9,688,148$1,226,261$421,157$7,378,484
98$10,608,596$1,218,605$367,522$8,039,221
99$11,620,796$1,208,440$309,957$8,765,616
100$12,734,039$1,195,575$248,263$9,564,358