Can I retire at age 69 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$73,495$72,841$72,202$71,579$70,970$70,493
2 years$36,384$35,706$35,050$34,413$33,795$33,314
3 years$24,015$23,334$22,679$22,049$21,441$20,971
4 years$17,832$17,153$16,505$15,885$15,292$14,836
5 years$14,123$13,448$12,808$12,201$11,625$11,185
6 years$11,651$10,982$10,351$9,757$9,198$8,775
7 years$9,886$9,222$8,602$8,022$7,481$7,074
8 years$8,563$7,905$7,295$6,729$6,206$5,816
9 years$7,534$6,883$6,283$5,732$5,226$4,852
10 years$6,712$6,067$5,478$4,941$4,453$4,095
11 years$6,040$5,401$4,823$4,300$3,830$3,488
12 years$5,480$4,848$4,280$3,772$3,319$2,993
13 years$5,006$4,381$3,824$3,330$2,894$2,583
14 years$4,601$3,982$3,436$2,956$2,537$2,241
15 years$4,250$3,638$3,102$2,636$2,234$1,953
16 years$3,943$3,338$2,812$2,360$1,974$1,707
17 years$3,673$3,074$2,559$2,121$1,750$1,497
18 years$3,432$2,840$2,336$1,911$1,556$1,317
19 years$3,218$2,632$2,139$1,727$1,387$1,160
20 years$3,025$2,446$1,963$1,564$1,239$1,025
21 years$2,851$2,278$1,805$1,420$1,109$906
22 years$2,692$2,127$1,664$1,291$994$803
23 years$2,548$1,989$1,536$1,175$892$712
24 years$2,416$1,864$1,421$1,072$802$632
25 years$2,295$1,749$1,316$979$722$562
26 years$2,183$1,644$1,221$895$650$500
27 years$2,079$1,547$1,133$819$586$445
28 years$1,984$1,458$1,054$751$529$397
29 years$1,895$1,375$980$688$477$354
30 years$1,812$1,299$913$632$431$316
31 years$1,734$1,228$851$580$390$282
32 years$1,662$1,162$794$533$353$251
33 years$1,594$1,100$742$490$319$225
34 years$1,530$1,043$693$451$289$201
35 years$1,470$989$648$415$262$179
36 years$1,414$939$606$383$237$160
37 years$1,360$892$567$352$215$143
38 years$1,310$847$531$325$195$128
39 years$1,262$806$498$300$177$115
40 years$1,217$767$467$276$160$103
41 years$1,174$730$437$255$145$92
42 years$1,133$695$410$235$132$82
43 years$1,094$662$385$217$120$74
44 years$1,057$631$361$201$109$66
45 years$1,022$602$339$185$99$59
46 years$989$574$319$171$90$53
47 years$957$548$299$158$81$47
48 years$926$523$281$146$74$42
49 years$897$499$265$135$67$38
50 years$869$477$249$125$61$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $890,000, adding $6,821 every year, while hoping to spend $22,474 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: 76/6/18 Blend
68$890,000$890,000$890,000$890,000
69$987,816$940,646$926,851$1,058,333
70$1,064,661$962,825$933,988$1,128,093
71$1,148,591$985,338$940,611$1,201,100
72$1,240,305$1,008,178$946,680$1,280,546
73$1,340,572$1,031,335$952,150$1,367,066
74$1,450,240$1,054,799$956,976$1,461,362
75$1,570,241$1,078,561$961,112$1,564,204
76$1,701,603$1,102,608$964,506$1,676,443
77$1,845,457$1,126,926$967,107$1,799,016
78$2,003,047$1,151,499$968,859$1,932,955
79$2,175,747$1,176,312$969,705$2,079,397
80$2,365,066$1,201,344$969,583$2,239,594
81$2,572,669$1,226,576$968,430$2,414,928
82$2,800,387$1,251,984$966,178$2,606,919
83$3,050,240$1,277,545$962,759$2,817,243
84$3,324,451$1,303,231$958,098$3,047,747
85$3,625,468$1,329,013$952,117$3,300,466
86$3,955,990$1,354,858$944,737$3,577,642
87$4,318,988$1,380,733$935,873$3,881,747
88$4,717,736$1,406,600$925,435$4,215,502
89$5,155,839$1,432,418$913,332$4,581,910
90$5,637,271$1,458,143$899,465$4,984,276
91$6,166,409$1,483,727$883,733$5,426,244
92$6,748,074$1,509,121$866,029$5,911,830
93$7,387,578$1,534,269$846,242$6,445,458
94$8,090,775$1,559,112$824,255$7,032,006
95$8,864,112$1,583,587$799,946$7,676,847
96$9,714,694$1,607,625$773,186$8,385,903
97$10,650,349$1,631,155$743,844$9,165,700
98$11,679,700$1,654,097$711,778$10,023,432
99$12,812,250$1,676,368$676,843$10,967,023
100$14,058,468$1,697,879$638,886$12,005,208