Can I retire at age 69 with 345,000?

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 $345,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$28,490$28,236$27,988$27,747$27,511$26,922
2 years$14,104$13,841$13,587$13,340$13,100$12,510
3 years$9,309$9,045$8,791$8,547$8,311$7,738
4 years$6,912$6,649$6,398$6,158$5,928$5,376
5 years$5,475$5,213$4,965$4,730$4,506$3,977
6 years$4,516$4,257$4,012$3,782$3,566$3,060
7 years$3,832$3,575$3,334$3,110$2,900$2,418
8 years$3,319$3,064$2,828$2,609$2,406$1,947
9 years$2,921$2,668$2,436$2,222$2,026$1,590
10 years$2,602$2,352$2,123$1,915$1,726$1,313
11 years$2,341$2,094$1,869$1,667$1,485$1,094
12 years$2,124$1,879$1,659$1,462$1,286$917
13 years$1,941$1,698$1,482$1,291$1,122$773
14 years$1,784$1,544$1,332$1,146$983$655
15 years$1,647$1,410$1,202$1,022$866$557
16 years$1,528$1,294$1,090$915$765$475
17 years$1,424$1,192$992$822$679$406
18 years$1,331$1,101$906$741$603$348
19 years$1,247$1,020$829$669$538$298
20 years$1,173$948$761$606$480$257
21 years$1,105$883$700$550$430$221
22 years$1,044$824$645$500$385$190
23 years$988$771$596$456$346$164
24 years$936$722$551$416$311$142
25 years$889$678$510$380$280$123
26 years$846$637$473$347$252$106
27 years$806$600$439$318$227$92
28 years$769$565$408$291$205$79
29 years$734$533$380$267$185$69
30 years$702$503$354$245$167$60
31 years$672$476$330$225$151$52
32 years$644$450$308$207$137$45
33 years$618$426$288$190$124$39
34 years$593$404$269$175$112$34
35 years$570$383$251$161$102$29
36 years$548$364$235$148$92$25
37 years$527$346$220$137$83$22
38 years$508$328$206$126$76$19
39 years$489$312$193$116$69$16
40 years$472$297$181$107$62$14
41 years$455$283$170$99$56$12
42 years$439$269$159$91$51$11
43 years$424$257$149$84$46$9
44 years$410$245$140$78$42$8
45 years$396$233$132$72$38$7
46 years$383$223$124$66$35$6
47 years$371$212$116$61$32$5
48 years$359$203$109$57$29$5
49 years$348$194$103$52$26$4
50 years$337$185$96$48$24$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $345,000, adding $4,540 every year, while hoping to spend $27,233 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: 84/9/7 Blend
68$345,000$345,000$345,000$345,000
69$384,873$366,588$361,241$416,580
70$395,154$355,575$344,366$426,948
71$405,572$343,110$326,014$434,171
72$416,110$329,092$306,106$441,249
73$426,752$313,417$284,559$448,152
74$437,478$295,971$261,289$454,843
75$448,265$276,638$236,206$461,283
76$459,086$255,291$209,217$467,431
77$469,911$231,799$180,225$473,238
78$480,707$206,022$149,127$478,653
79$491,434$177,812$115,817$483,617
80$502,048$147,013$80,186$488,069
81$512,501$113,460$42,115$491,938
82$522,736$76,980$1,486$495,147
83$532,690$37,387$0$497,613
84$542,294$0$0$502,369
85$551,469$0$0$507,055
86$560,126$0$0$514,960
87$568,167$0$0$522,292
88$575,481$0$0$528,948
89$581,947$0$0$534,815
90$587,427$0$0$539,765
91$591,768$0$0$543,658
92$594,802$0$0$546,336
93$596,339$0$0$547,625
94$596,171$0$0$547,330
95$594,063$0$0$545,237
96$589,760$0$0$541,105
97$582,972$0$0$534,671
98$573,384$0$0$525,638
99$560,643$0$0$513,682
100$544,358$0$0$498,441