Can I retire at age 69 with 499,000?

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 $499,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$41,207$40,840$40,482$40,132$39,791$38,972
2 years$20,399$20,020$19,651$19,294$18,948$18,126
3 years$13,465$13,083$12,716$12,362$12,021$11,223
4 years$9,998$9,617$9,254$8,906$8,574$7,805
5 years$7,918$7,540$7,181$6,841$6,518$5,780
6 years$6,532$6,157$5,804$5,471$5,157$4,452
7 years$5,543$5,171$4,823$4,498$4,194$3,521
8 years$4,801$4,432$4,090$3,773$3,479$2,839
9 years$4,224$3,859$3,523$3,214$2,930$2,322
10 years$3,763$3,402$3,071$2,770$2,497$1,919
11 years$3,386$3,028$2,704$2,411$2,147$1,601
12 years$3,072$2,718$2,400$2,115$1,861$1,344
13 years$2,807$2,456$2,144$1,867$1,623$1,134
14 years$2,580$2,233$1,926$1,657$1,422$962
15 years$2,383$2,040$1,739$1,478$1,252$819
16 years$2,211$1,871$1,577$1,323$1,107$699
17 years$2,059$1,723$1,435$1,189$981$599
18 years$1,924$1,592$1,310$1,072$873$514
19 years$1,804$1,476$1,199$968$778$442
20 years$1,696$1,371$1,100$877$695$380
21 years$1,598$1,277$1,012$796$622$328
22 years$1,509$1,192$933$724$557$283
23 years$1,429$1,115$861$659$500$245
24 years$1,355$1,045$797$601$450$212
25 years$1,286$981$738$549$405$183
26 years$1,224$922$684$502$364$159
27 years$1,166$867$635$459$329$137
28 years$1,112$817$591$421$296$119
29 years$1,062$771$550$386$268$103
30 years$1,016$728$512$354$242$90
31 years$972$688$477$325$219$78
32 years$932$651$445$299$198$68
33 years$894$617$416$275$179$59
34 years$858$585$389$253$162$51
35 years$824$554$363$233$147$44
36 years$793$526$340$214$133$38
37 years$763$500$318$198$121$33
38 years$734$475$298$182$109$29
39 years$708$452$279$168$99$25
40 years$682$430$262$155$90$22
41 years$658$409$245$143$82$19
42 years$635$390$230$132$74$17
43 years$614$371$216$122$67$14
44 years$593$354$203$112$61$13
45 years$573$337$190$104$55$11
46 years$554$322$179$96$50$9
47 years$536$307$168$89$46$8
48 years$519$293$158$82$41$7
49 years$503$280$148$76$38$6
50 years$487$268$139$70$34$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $499,000, adding $5,384 every year, while hoping to spend $30,797 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: 58/26/16 Blend
68$499,000$499,000$499,000$499,000
69$555,452$529,005$521,270$585,071
70$579,340$522,158$505,965$598,902
71$604,633$513,944$489,115$610,121
72$631,440$504,262$470,635$621,642
73$659,885$493,008$450,439$633,498
74$690,097$480,070$428,433$645,728
75$722,223$465,329$404,521$658,378
76$756,420$448,661$378,603$671,496
77$792,862$429,932$350,573$685,142
78$831,738$409,004$320,322$699,379
79$873,258$385,727$287,735$714,281
80$917,647$359,945$252,691$729,932
81$965,157$331,492$215,066$746,425
82$1,016,061$300,193$174,729$763,866
83$1,070,660$265,863$131,543$782,375
84$1,129,283$228,306$85,365$802,084
85$1,192,292$187,315$36,047$823,145
86$1,260,084$142,672$0$845,726
87$1,333,096$94,146$0$872,848
88$1,411,806$41,494$0$908,642
89$1,496,741$0$0$947,214
90$1,588,478$0$0$993,306
91$1,687,654$0$0$1,056,002
92$1,794,966$0$0$1,123,877
93$1,911,181$0$0$1,197,421
94$2,037,144$0$0$1,277,171
95$2,173,782$0$0$1,363,720
96$2,322,116$0$0$1,457,721
97$2,483,268$0$0$1,559,889
98$2,658,473$0$0$1,671,012
99$2,849,090$0$0$1,791,959
100$3,056,612$0$0$1,923,683