Can I retire at age 69 with 508,000?

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 $508,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$41,950$41,576$41,212$40,856$40,509$39,854
2 years$20,767$20,381$20,006$19,642$19,290$18,632
3 years$13,707$13,319$12,945$12,585$12,238$11,598
4 years$10,178$9,791$9,421$9,067$8,728$8,110
5 years$8,061$7,676$7,311$6,964$6,635$6,041
6 years$6,650$6,268$5,908$5,569$5,250$4,681
7 years$5,643$5,264$4,910$4,579$4,270$3,726
8 years$4,888$4,512$4,164$3,841$3,542$3,023
9 years$4,301$3,929$3,586$3,272$2,983$2,488
10 years$3,831$3,463$3,127$2,820$2,542$2,071
11 years$3,447$3,083$2,753$2,454$2,186$1,739
12 years$3,128$2,767$2,443$2,153$1,894$1,470
13 years$2,858$2,501$2,183$1,901$1,652$1,250
14 years$2,626$2,273$1,961$1,687$1,448$1,068
15 years$2,426$2,076$1,771$1,505$1,275$916
16 years$2,251$1,905$1,605$1,347$1,127$789
17 years$2,096$1,754$1,461$1,211$999$681
18 years$1,959$1,621$1,333$1,091$888$589
19 years$1,837$1,503$1,221$986$792$510
20 years$1,727$1,396$1,120$893$707$443
21 years$1,627$1,301$1,030$810$633$385
22 years$1,537$1,214$950$737$567$335
23 years$1,454$1,135$877$671$509$292
24 years$1,379$1,064$811$612$458$255
25 years$1,310$998$751$559$412$223
26 years$1,246$938$697$511$371$194
27 years$1,187$883$647$468$335$170
28 years$1,132$832$601$429$302$149
29 years$1,081$785$560$393$273$130
30 years$1,034$741$521$361$246$114
31 years$990$701$486$331$223$100
32 years$949$663$453$304$201$87
33 years$910$628$423$280$182$77
34 years$873$595$396$258$165$67
35 years$839$564$370$237$149$59
36 years$807$536$346$218$135$52
37 years$776$509$324$201$123$45
38 years$748$484$303$185$111$40
39 years$720$460$284$171$101$35
40 years$695$438$266$158$92$31
41 years$670$416$250$146$83$27
42 years$647$397$234$134$75$24
43 years$625$378$220$124$68$21
44 years$604$360$206$114$62$18
45 years$584$344$194$106$56$16
46 years$564$328$182$98$51$14
47 years$546$313$171$90$46$12
48 years$529$299$161$83$42$11
49 years$512$285$151$77$38$9
50 years$496$272$142$71$35$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $508,000, adding $2,052 every year, while hoping to spend $22,656 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: 56/30/14 Blend
68$508,000$508,000$508,000$508,000
69$561,933$535,009$527,135$591,256
70$595,144$537,118$520,688$613,489
71$630,984$538,572$513,266$635,048
72$669,695$539,314$504,812$658,008
73$711,548$539,284$495,267$682,507
74$756,836$538,419$484,568$708,699
75$805,884$536,652$472,652$736,753
76$859,048$533,912$459,450$766,857
77$916,721$530,123$444,891$799,219
78$979,332$525,205$428,901$834,069
79$1,047,357$519,073$411,401$871,661
80$1,121,316$511,636$392,312$912,277
81$1,201,784$502,800$371,548$956,229
82$1,289,391$492,462$349,021$1,003,863
83$1,384,833$480,517$324,636$1,055,558
84$1,488,873$466,849$298,299$1,111,739
85$1,602,353$451,340$269,907$1,172,871
86$1,726,199$433,862$239,355$1,239,470
87$1,861,430$414,280$206,532$1,312,108
88$2,009,168$392,452$171,323$1,391,415
89$2,170,649$368,227$133,608$1,478,088
90$2,347,231$341,447$93,260$1,572,900
91$2,540,414$311,942$50,149$1,676,702
92$2,751,844$279,535$4,137$1,790,435
93$2,983,338$244,038$0$1,915,141
94$3,236,894$205,252$0$2,058,685
95$3,514,715$162,968$0$2,216,718
96$3,819,225$116,962$0$2,390,047
97$4,153,094$67,001$0$2,580,246
98$4,519,264$12,838$0$2,789,052
99$4,920,973$0$0$3,018,381
100$5,361,790$0$0$3,285,466