Can I retire at age 69 with 362,000?

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 $362,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$29,894$29,627$29,368$29,114$28,866$28,684
2 years$14,799$14,523$14,256$13,997$13,746$13,562
3 years$9,768$9,491$9,225$8,968$8,721$8,542
4 years$7,253$6,977$6,713$6,461$6,220$6,046
5 years$5,744$5,470$5,210$4,963$4,728$4,560
6 years$4,739$4,467$4,210$3,969$3,741$3,580
7 years$4,021$3,751$3,499$3,263$3,043$2,887
8 years$3,483$3,215$2,967$2,737$2,524$2,375
9 years$3,065$2,800$2,556$2,331$2,126$1,983
10 years$2,730$2,468$2,228$2,010$1,811$1,675
11 years$2,457$2,197$1,962$1,749$1,558$1,427
12 years$2,229$1,972$1,741$1,534$1,350$1,225
13 years$2,036$1,782$1,555$1,354$1,177$1,058
14 years$1,871$1,620$1,397$1,202$1,032$919
15 years$1,729$1,480$1,262$1,072$909$801
16 years$1,604$1,358$1,144$960$803$701
17 years$1,494$1,250$1,041$863$712$615
18 years$1,396$1,155$950$777$633$541
19 years$1,309$1,071$870$702$564$477
20 years$1,230$995$798$636$504$422
21 years$1,159$927$734$577$451$373
22 years$1,095$865$677$525$404$331
23 years$1,036$809$625$478$363$294
24 years$983$758$578$436$326$261
25 years$933$711$535$398$294$232
26 years$888$669$496$364$264$207
27 years$846$629$461$333$238$184
28 years$807$593$429$305$215$164
29 years$771$559$399$280$194$147
30 years$737$528$371$257$175$131
31 years$705$499$346$236$159$117
32 years$676$473$323$217$144$104
33 years$648$447$302$199$130$93
34 years$622$424$282$184$118$84
35 years$598$402$264$169$107$75
36 years$575$382$247$156$97$67
37 years$553$363$231$143$87$60
38 years$533$345$216$132$79$54
39 years$513$328$202$122$72$48
40 years$495$312$190$112$65$43
41 years$477$297$178$104$59$38
42 years$461$283$167$96$54$34
43 years$445$269$157$88$49$31
44 years$430$257$147$82$44$28
45 years$416$245$138$75$40$25
46 years$402$234$130$70$36$22
47 years$389$223$122$64$33$20
48 years$377$213$114$59$30$18
49 years$365$203$108$55$27$16
50 years$353$194$101$51$25$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $362,000, adding $5,297 every year, while hoping to spend $25,460 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: 48/22/30 Blend
68$362,000$362,000$362,000$362,000
69$404,388$385,202$379,591$420,113
70$418,546$376,988$365,218$423,522
71$433,295$367,517$349,510$424,327
72$448,669$356,703$332,396$424,719
73$464,702$344,451$313,801$424,670
74$481,435$330,662$293,646$424,155
75$498,908$315,231$271,850$423,146
76$517,167$298,048$248,327$421,615
77$536,260$278,994$222,988$419,533
78$556,241$257,947$195,741$416,871
79$577,167$234,776$166,487$413,598
80$599,098$209,340$135,125$409,684
81$622,103$181,495$101,549$405,098
82$646,255$151,085$65,647$399,807
83$671,631$117,947$27,305$393,781
84$698,320$81,908$0$386,988
85$726,413$42,786$0$383,754
86$756,012$388$0$389,300
87$787,230$0$0$394,888
88$820,185$0$0$411,546
89$855,012$0$0$429,265
90$891,852$0$0$448,027
91$930,863$0$0$467,915
92$972,216$0$0$489,018
93$1,016,100$0$0$511,436
94$1,062,718$0$0$535,274
95$1,112,294$0$0$560,653
96$1,165,075$0$0$587,699
97$1,221,329$0$0$616,554
98$1,281,348$0$0$647,374
99$1,345,456$0$0$680,326
100$1,414,006$0$0$715,598