Can I retire at age 69 with 894,000?

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 $894,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$73,826$73,168$72,527$71,900$71,289$68,759
2 years$36,547$35,867$35,207$34,567$33,947$31,426
3 years$24,123$23,439$22,781$22,148$21,537$19,103
4 years$17,912$17,230$16,579$15,956$15,361$13,032
5 years$14,186$13,509$12,866$12,256$11,677$9,461
6 years$11,703$11,031$10,398$9,801$9,240$7,137
7 years$9,930$9,264$8,640$8,058$7,514$5,525
8 years$8,601$7,941$7,328$6,760$6,234$4,356
9 years$7,568$6,914$6,311$5,758$5,250$3,481
10 years$6,742$6,094$5,502$4,963$4,473$2,810
11 years$6,067$5,425$4,844$4,320$3,847$2,287
12 years$5,504$4,869$4,299$3,789$3,334$1,873
13 years$5,029$4,401$3,841$3,345$2,907$1,541
14 years$4,622$4,000$3,451$2,969$2,548$1,273
15 years$4,269$3,654$3,116$2,648$2,244$1,055
16 years$3,961$3,353$2,825$2,371$1,983$877
17 years$3,689$3,088$2,571$2,130$1,758$730
18 years$3,448$2,853$2,347$1,920$1,563$609
19 years$3,232$2,644$2,148$1,735$1,393$509
20 years$3,038$2,457$1,972$1,571$1,245$426
21 years$2,863$2,289$1,813$1,426$1,114$357
22 years$2,704$2,136$1,671$1,297$998$299
23 years$2,559$1,998$1,543$1,181$896$251
24 years$2,427$1,872$1,427$1,077$806$210
25 years$2,305$1,757$1,322$984$725$177
26 years$2,193$1,651$1,226$899$653$148
27 years$2,089$1,554$1,138$823$589$125
28 years$1,993$1,464$1,058$754$531$105
29 years$1,903$1,381$985$692$480$88
30 years$1,820$1,305$917$635$433$74
31 years$1,742$1,233$855$583$392$62
32 years$1,669$1,167$798$536$354$52
33 years$1,601$1,105$745$493$321$44
34 years$1,537$1,047$696$453$290$37
35 years$1,477$993$651$417$263$31
36 years$1,420$943$609$384$238$26
37 years$1,366$896$570$354$216$22
38 years$1,316$851$534$326$196$19
39 years$1,268$809$500$301$178$16
40 years$1,222$770$469$278$161$13
41 years$1,179$733$439$256$146$11
42 years$1,138$698$412$236$133$9
43 years$1,099$665$387$218$120$8
44 years$1,062$634$363$201$109$7
45 years$1,027$605$341$186$99$6
46 years$993$577$320$172$90$5
47 years$961$550$301$159$82$4
48 years$930$525$283$147$74$3
49 years$901$502$266$136$67$3
50 years$873$479$250$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $894,000, adding $3,155 every year, while hoping to spend $48,025 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: 50/40/10 Blend
68$894,000$894,000$894,000$894,000
69$988,442$941,060$927,203$1,035,086
70$1,038,165$936,074$907,166$1,062,340
71$1,091,350$929,234$884,849$1,086,587
72$1,148,300$920,398$860,123$1,111,827
73$1,209,346$909,417$832,856$1,138,164
74$1,274,852$896,131$802,910$1,165,719
75$1,345,217$880,372$770,138$1,194,625
76$1,420,880$861,961$734,389$1,225,035
77$1,502,322$840,710$695,503$1,257,117
78$1,590,072$816,417$653,314$1,291,061
79$1,684,708$788,871$607,650$1,327,080
80$1,786,870$757,847$558,328$1,365,414
81$1,897,258$723,108$505,158$1,406,328
82$2,016,641$684,403$447,944$1,450,122
83$2,145,865$641,466$386,477$1,497,129
84$2,285,862$594,017$320,543$1,547,721
85$2,437,654$541,757$249,915$1,602,314
86$2,602,365$484,374$174,358$1,661,373
87$2,781,233$421,535$93,626$1,725,414
88$2,975,619$352,890$7,462$1,795,014
89$3,187,019$278,069$0$1,870,814
90$3,417,081$196,680$0$1,962,545
91$3,667,615$108,310$0$2,063,421
92$3,940,617$12,522$0$2,173,562
93$4,238,281$0$0$2,293,983
94$4,563,021$0$0$2,465,928
95$4,917,497$0$0$2,659,723
96$5,304,634$0$0$2,871,467
97$5,727,655$0$0$3,102,932
98$6,190,104$0$0$3,356,072
99$6,695,888$0$0$3,633,037
100$7,249,305$0$0$3,936,193