Can I retire at age 69 with 473,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $473,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$39,060$38,712$38,373$38,041$37,718$37,246
2 years$19,337$18,976$18,627$18,289$17,961$17,487
3 years$12,763$12,401$12,053$11,718$11,395$10,933
4 years$9,477$9,116$8,772$8,442$8,127$7,680
5 years$7,506$7,147$6,807$6,484$6,178$5,748
6 years$6,192$5,836$5,501$5,186$4,888$4,475
7 years$5,254$4,901$4,572$4,263$3,976$3,580
8 years$4,551$4,201$3,877$3,576$3,298$2,920
9 years$4,004$3,658$3,339$3,046$2,778$2,416
10 years$3,567$3,224$2,911$2,626$2,367$2,022
11 years$3,210$2,870$2,563$2,285$2,035$1,707
12 years$2,912$2,576$2,275$2,005$1,764$1,452
13 years$2,661$2,328$2,032$1,770$1,538$1,242
14 years$2,445$2,116$1,826$1,571$1,348$1,068
15 years$2,259$1,933$1,649$1,401$1,187$922
16 years$2,096$1,774$1,495$1,254$1,049$798
17 years$1,952$1,634$1,360$1,127$930$693
18 years$1,824$1,510$1,242$1,016$827$603
19 years$1,710$1,399$1,137$918$737$526
20 years$1,608$1,300$1,043$831$659$460
21 years$1,515$1,211$959$754$589$403
22 years$1,431$1,130$884$686$528$353
23 years$1,354$1,057$817$625$474$310
24 years$1,284$991$755$570$426$272
25 years$1,219$930$699$520$384$239
26 years$1,160$874$649$476$345$211
27 years$1,105$822$602$435$311$185
28 years$1,054$775$560$399$281$163
29 years$1,007$731$521$366$254$144
30 years$963$690$485$336$229$127
31 years$922$653$452$308$207$112
32 years$883$617$422$283$188$99
33 years$847$585$394$261$170$87
34 years$813$554$368$240$154$77
35 years$781$526$344$221$139$68
36 years$751$499$322$203$126$60
37 years$723$474$302$187$114$53
38 years$696$450$282$173$104$47
39 years$671$428$265$159$94$42
40 years$647$407$248$147$85$37
41 years$624$388$232$135$77$32
42 years$602$369$218$125$70$29
43 years$582$352$205$115$64$25
44 years$562$335$192$107$58$22
45 years$543$320$180$98$52$20
46 years$525$305$169$91$48$18
47 years$508$291$159$84$43$16
48 years$492$278$150$78$39$14
49 years$477$265$141$72$36$12
50 years$462$254$132$66$32$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $473,000, adding $3,794 every year, while hoping to spend $29,362 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: 69/9/22 Blend
68$473,000$473,000$473,000$473,000
69$525,160$500,091$492,759$558,251
70$547,485$493,354$478,025$574,129
71$571,103$485,303$461,814$587,723
72$596,116$475,843$444,045$601,892
73$622,632$464,872$424,633$616,692
74$650,774$452,284$403,491$632,183
75$680,671$437,964$380,527$648,435
76$712,469$421,794$355,644$665,523
77$746,325$403,646$328,742$683,534
78$782,412$383,386$299,717$702,562
79$820,918$360,873$268,458$722,712
80$862,051$335,955$234,850$744,102
81$906,038$308,474$198,775$766,862
82$953,127$278,262$160,107$791,137
83$1,003,591$245,143$118,716$817,088
84$1,057,730$208,927$74,466$844,895
85$1,115,872$169,418$27,214$874,756
86$1,178,378$126,406$0$906,892
87$1,245,642$79,670$0$946,997
88$1,318,100$28,977$0$997,065
89$1,396,230$0$0$1,051,040
90$1,480,554$0$0$1,111,864
91$1,571,650$0$0$1,180,693
92$1,670,150$0$0$1,255,138
93$1,776,750$0$0$1,335,728
94$1,892,215$0$0$1,423,044
95$2,017,385$0$0$1,517,725
96$2,153,187$0$0$1,620,473
97$2,300,636$0$0$1,732,062
98$2,460,851$0$0$1,853,342
99$2,635,063$0$0$1,985,247
100$2,824,625$0$0$2,128,807