Can I retire at age 69 with 518,000?

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 $518,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$42,776$42,395$42,023$41,660$41,306$40,824
2 years$21,176$20,782$20,400$20,029$19,670$19,184
3 years$13,977$13,581$13,200$12,833$12,479$12,006
4 years$10,378$9,984$9,606$9,245$8,900$8,442
5 years$8,220$7,827$7,455$7,101$6,766$6,325
6 years$6,781$6,392$6,025$5,679$5,354$4,930
7 years$5,754$5,368$5,006$4,669$4,354$3,948
8 years$4,984$4,601$4,246$3,917$3,612$3,224
9 years$4,385$4,006$3,657$3,336$3,042$2,671
10 years$3,907$3,531$3,188$2,876$2,592$2,238
11 years$3,515$3,144$2,807$2,503$2,229$1,892
12 years$3,189$2,821$2,491$2,195$1,932$1,611
13 years$2,914$2,550$2,226$1,938$1,684$1,380
14 years$2,678$2,318$2,000$1,720$1,477$1,188
15 years$2,474$2,117$1,805$1,534$1,300$1,027
16 years$2,295$1,943$1,637$1,374$1,149$890
17 years$2,138$1,789$1,490$1,234$1,019$774
18 years$1,998$1,653$1,360$1,112$906$675
19 years$1,873$1,532$1,245$1,005$807$590
20 years$1,761$1,424$1,142$910$721$516
21 years$1,659$1,326$1,051$826$645$453
22 years$1,567$1,238$968$751$578$397
23 years$1,483$1,158$894$684$519$349
24 years$1,406$1,085$827$624$467$307
25 years$1,335$1,018$766$570$420$271
26 years$1,270$957$710$521$378$238
27 years$1,210$900$660$477$341$210
28 years$1,155$848$613$437$308$186
29 years$1,103$800$571$401$278$164
30 years$1,054$756$532$368$251$145
31 years$1,009$715$496$338$227$128
32 years$967$676$462$310$205$113
33 years$928$640$432$285$186$100
34 years$891$607$403$263$168$88
35 years$856$576$377$242$152$78
36 years$823$546$353$223$138$69
37 years$792$519$330$205$125$61
38 years$762$493$309$189$113$54
39 years$735$469$290$174$103$48
40 years$708$446$272$161$93$43
41 years$683$425$255$148$85$38
42 years$659$404$239$137$77$33
43 years$637$385$224$126$70$30
44 years$615$367$210$117$63$26
45 years$595$350$198$108$57$23
46 years$575$334$186$100$52$21
47 years$557$319$174$92$47$18
48 years$539$304$164$85$43$16
49 years$522$291$154$79$39$14
50 years$506$278$145$73$35$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $518,000, adding $2,799 every year, while hoping to spend $42,246 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: 76/14/10 Blend
68$518,000$518,000$518,000$518,000
69$573,723$546,269$538,240$616,104
70$587,294$528,087$511,322$626,213
71$600,832$507,598$482,086$631,646
72$614,291$484,644$450,410$636,402
73$627,617$459,060$416,166$640,398
74$640,747$430,667$379,221$643,543
75$653,614$399,281$339,436$645,739
76$666,140$364,703$296,665$646,876
77$678,238$326,725$250,755$646,836
78$689,811$285,127$201,548$645,488
79$700,750$239,676$148,878$642,691
80$710,933$190,127$92,571$638,287
81$720,223$136,219$32,448$632,107
82$728,470$77,677$0$623,963
83$735,503$14,213$0$617,035
84$741,135$0$0$611,631
85$745,156$0$0$612,453
86$747,332$0$0$613,910
87$747,404$0$0$613,592
88$745,085$0$0$611,260
89$740,055$0$0$606,646
90$731,960$0$0$599,451
91$720,406$0$0$589,346
92$704,957$0$0$575,966
93$685,132$0$0$558,907
94$660,395$0$0$537,720
95$630,154$0$0$511,908
96$593,754$0$0$480,923
97$550,470$0$0$444,156
98$499,500$0$0$400,936
99$439,956$0$0$350,520
100$370,859$0$0$292,084