Can I retire at age 69 with 889,000?

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 $889,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$73,413$72,759$72,121$71,498$70,890$70,091
2 years$36,343$35,666$35,010$34,374$33,757$32,953
3 years$23,988$23,308$22,654$22,024$21,417$20,633
4 years$17,812$17,134$16,486$15,867$15,275$14,516
5 years$14,107$13,433$12,794$12,187$11,612$10,881
6 years$11,638$10,969$10,339$9,746$9,188$8,486
7 years$9,875$9,212$8,592$8,013$7,472$6,799
8 years$8,553$7,896$7,287$6,722$6,199$5,555
9 years$7,526$6,875$6,276$5,726$5,220$4,605
10 years$6,705$6,060$5,472$4,935$4,448$3,861
11 years$6,033$5,395$4,817$4,295$3,825$3,266
12 years$5,474$4,842$4,275$3,768$3,315$2,783
13 years$5,001$4,376$3,820$3,326$2,891$2,385
14 years$4,596$3,978$3,432$2,953$2,534$2,055
15 years$4,245$3,634$3,099$2,633$2,231$1,777
16 years$3,939$3,334$2,809$2,358$1,972$1,542
17 years$3,668$3,070$2,556$2,118$1,748$1,342
18 years$3,429$2,837$2,334$1,909$1,555$1,171
19 years$3,214$2,629$2,136$1,725$1,386$1,024
20 years$3,021$2,443$1,961$1,562$1,238$897
21 years$2,847$2,276$1,803$1,418$1,108$787
22 years$2,689$2,124$1,662$1,289$993$691
23 years$2,545$1,987$1,535$1,174$891$608
24 years$2,413$1,862$1,419$1,071$801$535
25 years$2,292$1,747$1,315$978$721$472
26 years$2,180$1,642$1,219$894$649$416
27 years$2,077$1,545$1,132$819$585$367
28 years$1,981$1,456$1,052$750$528$324
29 years$1,892$1,374$979$688$477$287
30 years$1,810$1,297$912$631$431$253
31 years$1,732$1,226$850$580$390$224
32 years$1,660$1,160$793$533$352$198
33 years$1,592$1,099$741$490$319$176
34 years$1,528$1,042$692$451$289$155
35 years$1,468$988$647$415$262$138
36 years$1,412$938$605$382$237$122
37 years$1,359$891$567$352$215$108
38 years$1,308$846$531$325$195$96
39 years$1,261$805$497$299$177$85
40 years$1,215$766$466$276$160$75
41 years$1,173$729$437$255$145$67
42 years$1,132$694$410$235$132$59
43 years$1,093$661$385$217$120$52
44 years$1,056$630$361$200$109$46
45 years$1,021$601$339$185$99$41
46 years$988$573$318$171$90$37
47 years$956$547$299$158$81$32
48 years$925$522$281$146$74$29
49 years$896$499$264$135$67$25
50 years$868$477$248$125$61$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $889,000, adding $4,315 every year, while hoping to spend $53,675 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: 41/33/26 Blend
68$889,000$889,000$889,000$889,000
69$984,129$937,012$923,232$1,016,799
70$1,027,400$925,816$897,051$1,029,545
71$1,073,286$912,272$868,193$1,037,955
72$1,121,997$896,209$836,513$1,046,014
73$1,173,762$877,445$801,858$1,053,722
74$1,228,833$855,787$764,068$1,061,084
75$1,287,485$831,031$722,975$1,068,108
76$1,350,018$802,961$678,404$1,074,809
77$1,416,763$771,349$630,174$1,081,207
78$1,488,081$735,953$578,092$1,087,331
79$1,564,368$696,517$521,961$1,093,218
80$1,646,057$652,771$461,571$1,098,914
81$1,733,626$604,428$396,704$1,104,478
82$1,827,597$551,185$327,135$1,109,980
83$1,928,542$492,724$252,624$1,115,504
84$2,037,092$428,706$172,925$1,121,151
85$2,153,937$358,774$87,780$1,127,041
86$2,279,835$282,550$0$1,133,314
87$2,415,620$199,637$0$1,140,988
88$2,562,207$109,613$0$1,175,439
89$2,720,602$12,035$0$1,212,592
90$2,891,911$0$0$1,252,780
91$3,077,348$0$0$1,330,361
92$3,278,249$0$0$1,419,241
93$3,496,083$0$0$1,515,711
94$3,732,465$0$0$1,620,501
95$3,989,170$0$0$1,734,410
96$4,268,154$0$0$1,858,319
97$4,571,565$0$0$1,993,197
98$4,901,767$0$0$2,140,111
99$5,261,363$0$0$2,300,233
100$5,653,216$0$0$2,474,856