Can I retire at age 69 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$73,165$72,513$71,877$71,257$70,651$69,595
2 years$36,220$35,546$34,892$34,258$33,643$32,582
3 years$23,907$23,230$22,577$21,950$21,345$20,311
4 years$17,752$17,076$16,431$15,813$15,223$14,225
5 years$14,059$13,388$12,751$12,146$11,572$10,612
6 years$11,599$10,932$10,305$9,713$9,157$8,236
7 years$9,842$9,181$8,563$7,986$7,447$6,566
8 years$8,524$7,870$7,262$6,699$6,178$5,337
9 years$7,501$6,852$6,255$5,706$5,203$4,401
10 years$6,682$6,040$5,453$4,919$4,433$3,670
11 years$6,013$5,377$4,801$4,281$3,813$3,087
12 years$5,455$4,826$4,261$3,755$3,304$2,615
13 years$4,984$4,361$3,807$3,315$2,881$2,229
14 years$4,580$3,964$3,420$2,943$2,526$1,908
15 years$4,231$3,621$3,088$2,624$2,224$1,640
16 years$3,925$3,323$2,800$2,350$1,965$1,414
17 years$3,656$3,060$2,548$2,111$1,743$1,223
18 years$3,417$2,828$2,326$1,903$1,549$1,060
19 years$3,203$2,621$2,129$1,719$1,381$921
20 years$3,011$2,435$1,954$1,557$1,234$801
21 years$2,838$2,268$1,797$1,413$1,104$698
22 years$2,680$2,117$1,656$1,285$989$609
23 years$2,536$1,980$1,529$1,170$888$532
24 years$2,405$1,855$1,414$1,067$798$465
25 years$2,284$1,741$1,310$975$718$407
26 years$2,173$1,636$1,215$891$647$357
27 years$2,070$1,540$1,128$816$583$313
28 years$1,975$1,451$1,049$747$526$274
29 years$1,886$1,369$976$685$475$240
30 years$1,804$1,293$909$629$430$211
31 years$1,726$1,222$848$578$388$185
32 years$1,654$1,156$791$531$351$163
33 years$1,587$1,095$738$488$318$143
34 years$1,523$1,038$690$449$288$126
35 years$1,463$985$645$414$261$110
36 years$1,407$934$603$381$236$97
37 years$1,354$888$565$351$214$85
38 years$1,304$843$529$323$194$75
39 years$1,256$802$496$298$176$66
40 years$1,211$763$464$275$160$58
41 years$1,169$726$435$254$145$51
42 years$1,128$692$409$234$131$45
43 years$1,089$659$383$216$119$40
44 years$1,053$628$360$200$108$35
45 years$1,018$599$338$184$98$31
46 years$984$572$317$170$89$27
47 years$952$545$298$157$81$24
48 years$922$521$280$145$74$21
49 years$893$497$263$134$67$18
50 years$865$475$248$124$61$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $886,000, adding $6,791 every year, while hoping to spend $24,208 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: 59/27/14 Blend
68$886,000$886,000$886,000$886,000
69$983,377$936,419$922,686$1,037,550
70$1,057,924$956,546$927,839$1,095,024
71$1,139,264$976,849$932,353$1,154,377
72$1,228,064$997,309$936,181$1,218,527
73$1,325,057$1,017,908$939,275$1,287,939
74$1,431,054$1,038,627$941,581$1,363,128
75$1,546,944$1,059,442$943,047$1,444,656
76$1,673,707$1,080,329$943,614$1,533,147
77$1,812,423$1,101,263$943,222$1,629,286
78$1,964,280$1,122,215$941,810$1,733,829
79$2,130,586$1,143,153$939,310$1,847,608
80$2,312,783$1,164,044$935,654$1,971,540
81$2,512,458$1,184,853$930,770$2,106,638
82$2,731,358$1,205,541$924,580$2,254,016
83$2,971,409$1,226,065$917,006$2,414,901
84$3,234,731$1,246,380$907,964$2,590,648
85$3,523,659$1,266,438$897,366$2,782,749
86$3,840,766$1,286,187$885,121$2,992,848
87$4,188,885$1,305,572$871,134$3,222,759
88$4,571,138$1,324,531$855,303$3,474,479
89$4,990,962$1,343,002$837,525$3,750,210
90$5,452,146$1,360,915$817,688$4,052,380
91$5,958,862$1,378,197$795,677$4,383,665
92$6,515,707$1,394,769$771,374$4,747,013
93$7,127,745$1,410,549$744,650$5,145,676
94$7,800,555$1,425,446$715,376$5,583,236
95$8,540,284$1,439,365$683,414$6,063,644
96$9,353,703$1,452,204$648,618$6,591,253
97$10,248,274$1,463,855$610,840$7,170,861
98$11,232,217$1,474,203$569,922$7,807,757
99$12,314,588$1,483,124$525,700$8,507,773
100$13,505,367$1,490,488$478,001$9,277,333