Can I retire at age 69 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$42,363$41,986$41,618$41,258$40,907$40,497
2 years$20,972$20,581$20,203$19,836$19,480$19,066
3 years$13,842$13,450$13,072$12,709$12,359$11,955
4 years$10,278$9,887$9,513$9,156$8,814$8,424
5 years$8,140$7,752$7,383$7,033$6,701$6,324
6 years$6,716$6,330$5,966$5,624$5,302$4,940
7 years$5,698$5,316$4,958$4,624$4,312$3,965
8 years$4,936$4,557$4,205$3,879$3,577$3,245
9 years$4,343$3,967$3,622$3,304$3,012$2,695
10 years$3,869$3,497$3,157$2,848$2,567$2,263
11 years$3,481$3,113$2,780$2,479$2,207$1,918
12 years$3,159$2,794$2,467$2,174$1,913$1,638
13 years$2,886$2,525$2,204$1,919$1,668$1,406
14 years$2,652$2,295$1,980$1,704$1,462$1,214
15 years$2,450$2,097$1,788$1,520$1,288$1,052
16 years$2,273$1,924$1,621$1,361$1,138$915
17 years$2,117$1,772$1,475$1,222$1,009$798
18 years$1,978$1,637$1,347$1,102$897$697
19 years$1,855$1,517$1,233$995$800$611
20 years$1,744$1,410$1,131$902$714$537
21 years$1,643$1,313$1,041$818$639$472
22 years$1,552$1,226$959$744$573$415
23 years$1,469$1,147$886$678$514$366
24 years$1,393$1,074$819$618$462$323
25 years$1,323$1,008$759$564$416$286
26 years$1,258$948$704$516$375$252
27 years$1,199$892$653$472$338$223
28 years$1,143$840$607$433$305$198
29 years$1,092$793$565$397$275$175
30 years$1,044$749$526$364$249$155
31 years$1,000$708$491$334$225$138
32 years$958$670$458$307$203$122
33 years$919$634$428$283$184$108
34 years$882$601$399$260$167$96
35 years$847$570$373$239$151$85
36 years$815$541$349$221$137$76
37 years$784$514$327$203$124$67
38 years$755$488$306$187$112$60
39 years$727$464$287$173$102$53
40 years$701$442$269$159$92$47
41 years$677$421$252$147$84$42
42 years$653$401$237$136$76$37
43 years$631$382$222$125$69$33
44 years$610$364$208$116$63$29
45 years$589$347$196$107$57$26
46 years$570$331$184$99$52$23
47 years$551$316$173$91$47$21
48 years$534$301$162$84$43$18
49 years$517$288$152$78$39$16
50 years$501$275$143$72$35$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $513,000, adding $6,341 every year, while hoping to spend $39,873 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: 44/48/8 Blend
68$513,000$513,000$513,000$513,000
69$571,867$544,678$536,726$595,454
70$587,773$528,942$512,282$596,703
71$603,964$511,100$485,683$593,466
72$620,429$491,004$456,813$589,042
73$637,152$468,502$425,555$583,337
74$654,113$443,431$391,784$576,249
75$671,292$415,618$355,367$567,671
76$688,663$384,882$316,171$557,488
77$706,195$351,030$274,051$545,576
78$723,855$313,859$228,861$531,804
79$741,605$273,154$180,443$516,033
80$759,397$228,687$128,637$498,113
81$777,183$180,220$73,274$477,885
82$794,903$127,498$14,175$455,177
83$812,491$70,254$0$429,809
84$829,873$8,204$0$405,760
85$846,965$0$0$380,211
86$863,673$0$0$382,883
87$879,890$0$0$389,615
88$895,497$0$0$396,017
89$910,360$0$0$402,021
90$924,331$0$0$407,554
91$937,241$0$0$412,534
92$948,905$0$0$416,869
93$959,115$0$0$420,457
94$967,639$0$0$423,186
95$974,220$0$0$424,927
96$978,570$0$0$425,542
97$980,370$0$0$424,873
98$979,267$0$0$422,748
99$974,866$0$0$418,973
100$966,732$0$0$413,337