Can I retire at age 69 with 354,000?

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 $354,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$29,233$28,973$28,719$28,471$28,228$27,369
2 years$14,472$14,202$13,941$13,688$13,442$12,583
3 years$9,552$9,281$9,021$8,770$8,528$7,697
4 years$7,093$6,823$6,565$6,318$6,082$5,286
5 years$5,617$5,349$5,095$4,853$4,624$3,863
6 years$4,634$4,368$4,117$3,881$3,659$2,935
7 years$3,932$3,668$3,421$3,191$2,975$2,289
8 years$3,406$3,144$2,902$2,677$2,468$1,819
9 years$2,997$2,738$2,499$2,280$2,079$1,465
10 years$2,670$2,413$2,179$1,965$1,771$1,193
11 years$2,402$2,148$1,918$1,710$1,523$979
12 years$2,180$1,928$1,702$1,500$1,320$808
13 years$1,991$1,743$1,521$1,325$1,151$671
14 years$1,830$1,584$1,367$1,176$1,009$559
15 years$1,690$1,447$1,234$1,049$888$468
16 years$1,568$1,328$1,119$939$785$393
17 years$1,461$1,223$1,018$844$696$330
18 years$1,365$1,130$929$760$619$278
19 years$1,280$1,047$851$687$552$235
20 years$1,203$973$781$622$493$198
21 years$1,134$906$718$565$441$168
22 years$1,071$846$662$513$395$142
23 years$1,013$791$611$468$355$120
24 years$961$741$565$426$319$102
25 years$913$696$523$389$287$87
26 years$868$654$485$356$259$73
27 years$827$615$451$326$233$62
28 years$789$580$419$299$210$53
29 years$754$547$390$274$190$45
30 years$721$517$363$251$172$38
31 years$690$488$339$231$155$33
32 years$661$462$316$212$140$28
33 years$634$438$295$195$127$24
34 years$609$415$276$179$115$20
35 years$585$393$258$165$104$17
36 years$562$373$241$152$94$14
37 years$541$355$226$140$86$12
38 years$521$337$211$129$78$10
39 years$502$320$198$119$70$9
40 years$484$305$186$110$64$8
41 years$467$290$174$101$58$6
42 years$451$276$163$94$53$5
43 years$435$263$153$86$48$5
44 years$421$251$144$80$43$4
45 years$407$239$135$74$39$3
46 years$393$228$127$68$36$3
47 years$381$218$119$63$32$2
48 years$368$208$112$58$29$2
49 years$357$199$105$54$27$2
50 years$346$190$99$50$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $354,000, adding $6,692 every year, while hoping to spend $24,414 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: 47/33/20 Blend
68$354,000$354,000$354,000$354,000
69$397,011$378,249$372,762$413,127
70$411,530$370,807$359,273$417,611
71$426,711$362,182$344,514$419,496
72$442,597$352,290$328,417$421,032
73$459,233$341,043$310,909$422,198
74$476,667$328,347$291,918$422,971
75$494,954$314,102$271,363$423,328
76$514,150$298,204$249,165$423,246
77$534,318$280,541$225,237$422,702
78$555,528$260,997$199,491$421,671
79$577,851$239,446$171,834$420,131
80$601,370$215,757$142,169$418,057
81$626,173$189,791$110,394$415,426
82$652,354$161,403$76,404$412,214
83$680,018$130,436$40,088$408,401
84$709,280$96,727$1,331$403,963
85$740,263$60,103$0$398,881
86$773,104$20,382$0$401,679
87$807,950$0$0$404,655
88$844,964$0$0$415,757
89$884,324$0$0$435,454
90$926,224$0$0$456,444
91$970,875$0$0$478,837
92$1,018,512$0$0$502,754
93$1,069,389$0$0$528,324
94$1,123,785$0$0$555,693
95$1,182,007$0$0$585,019
96$1,244,391$0$0$616,474
97$1,311,306$0$0$650,248
98$1,383,156$0$0$686,550
99$1,460,384$0$0$725,610
100$1,543,478$0$0$767,678