Can I retire at age 69 with 491,000?

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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$40,546$40,185$39,833$39,489$39,153$38,536
2 years$20,072$19,699$19,336$18,985$18,644$18,024
3 years$13,249$12,873$12,512$12,164$11,829$11,225
4 years$9,838$9,463$9,105$8,763$8,436$7,854
5 years$7,791$7,419$7,066$6,731$6,413$5,853
6 years$6,428$6,058$5,711$5,383$5,075$4,538
7 years$5,454$5,088$4,745$4,426$4,127$3,613
8 years$4,724$4,361$4,025$3,713$3,424$2,934
9 years$4,157$3,797$3,466$3,162$2,883$2,416
10 years$3,703$3,347$3,022$2,726$2,457$2,012
11 years$3,332$2,980$2,661$2,372$2,113$1,691
12 years$3,023$2,674$2,361$2,081$1,831$1,431
13 years$2,762$2,417$2,110$1,837$1,597$1,217
14 years$2,538$2,197$1,895$1,631$1,400$1,041
15 years$2,345$2,007$1,711$1,454$1,232$893
16 years$2,175$1,841$1,552$1,302$1,089$769
17 years$2,026$1,696$1,412$1,170$966$664
18 years$1,894$1,567$1,289$1,054$859$575
19 years$1,775$1,452$1,180$953$765$499
20 years$1,669$1,349$1,083$863$684$433
21 years$1,573$1,257$996$783$612$377
22 years$1,485$1,173$918$712$548$329
23 years$1,406$1,097$848$648$492$287
24 years$1,333$1,028$784$591$442$250
25 years$1,266$965$726$540$398$219
26 years$1,204$907$673$494$359$191
27 years$1,147$853$625$452$323$167
28 years$1,094$804$581$414$292$146
29 years$1,045$759$541$380$263$128
30 years$999$717$504$349$238$112
31 years$957$677$470$320$215$98
32 years$917$641$438$294$195$86
33 years$879$607$409$271$176$76
34 years$844$575$382$249$159$66
35 years$811$546$357$229$144$58
36 years$780$518$334$211$131$51
37 years$750$492$313$194$119$45
38 years$723$467$293$179$108$39
39 years$696$444$275$165$98$35
40 years$671$423$257$152$88$30
41 years$648$403$241$141$80$27
42 years$625$383$226$130$73$23
43 years$604$365$212$120$66$21
44 years$583$348$199$111$60$18
45 years$564$332$187$102$54$16
46 years$545$317$176$94$49$14
47 years$528$302$165$87$45$12
48 years$511$289$155$81$41$11
49 years$495$276$146$74$37$9
50 years$479$263$137$69$34$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $491,000, adding $3,596 every year, while hoping to spend $29,137 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: 34/40/26 Blend
68$491,000$491,000$491,000$491,000
69$544,791$518,768$511,158$558,917
70$569,358$513,186$497,280$564,237
71$595,455$506,354$481,961$567,093
72$623,206$498,180$465,121$569,600
73$652,748$488,567$446,678$571,745
74$684,233$477,410$426,546$573,517
75$717,823$464,602$404,633$574,910
76$753,698$450,025$380,846$575,916
77$792,057$433,558$355,086$576,530
78$833,115$415,071$327,250$576,753
79$877,110$394,426$297,230$576,587
80$924,301$371,478$264,913$576,037
81$974,974$346,075$230,181$575,115
82$1,029,442$318,053$192,913$573,837
83$1,088,048$287,242$152,979$572,226
84$1,151,172$253,459$110,246$570,311
85$1,219,226$216,513$64,574$568,130
86$1,292,666$176,202$15,817$565,728
87$1,371,994$132,311$0$563,164
88$1,457,759$84,616$0$570,552
89$1,550,565$32,876$0$583,264
90$1,651,076$0$0$597,049
91$1,760,025$0$0$622,263
92$1,878,212$0$0$665,375
93$2,006,523$0$0$712,242
94$2,145,929$0$0$763,228
95$2,297,498$0$0$818,733
96$2,462,407$0$0$879,195
97$2,641,950$0$0$945,098
98$2,837,550$0$0$1,016,975
99$3,050,773$0$0$1,095,410
100$3,283,345$0$0$1,181,049