Can I retire at age 69 with 524,000?

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 $524,000?

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%
1 years$43,271$42,886$42,510$42,143$41,784$40,907
2 years$21,422$21,023$20,636$20,261$19,897$19,018
3 years$14,139$13,738$13,353$12,981$12,624$11,769
4 years$10,499$10,099$9,717$9,352$9,003$8,180
5 years$8,315$7,918$7,541$7,184$6,844$6,055
6 years$6,860$6,466$6,094$5,745$5,416$4,661
7 years$5,821$5,430$5,064$4,723$4,404$3,685
8 years$5,042$4,654$4,295$3,962$3,654$2,969
9 years$4,436$4,052$3,699$3,375$3,077$2,427
10 years$3,952$3,572$3,225$2,909$2,622$2,005
11 years$3,556$3,180$2,839$2,532$2,255$1,671
12 years$3,226$2,854$2,520$2,221$1,954$1,402
13 years$2,948$2,579$2,251$1,961$1,704$1,183
14 years$2,709$2,345$2,023$1,740$1,494$1,002
15 years$2,502$2,142$1,826$1,552$1,315$853
16 years$2,322$1,965$1,656$1,390$1,162$728
17 years$2,162$1,810$1,507$1,249$1,031$623
18 years$2,021$1,672$1,375$1,125$916$534
19 years$1,894$1,550$1,259$1,017$817$459
20 years$1,781$1,440$1,156$921$730$395
21 years$1,678$1,341$1,063$836$653$340
22 years$1,585$1,252$980$760$585$293
23 years$1,500$1,171$905$692$525$253
24 years$1,422$1,097$837$631$472$219
25 years$1,351$1,030$775$576$425$189
26 years$1,285$968$719$527$383$164
27 years$1,224$911$667$482$345$142
28 years$1,168$858$620$442$311$123
29 years$1,115$810$577$405$281$106
30 years$1,067$765$538$372$254$92
31 years$1,021$723$501$342$230$80
32 years$978$684$468$314$208$69
33 years$938$648$437$289$188$60
34 years$901$614$408$266$170$52
35 years$866$582$381$245$154$45
36 years$832$553$357$225$140$39
37 years$801$525$334$208$127$34
38 years$771$499$313$191$115$30
39 years$743$474$293$176$104$26
40 years$716$451$275$163$94$22
41 years$691$430$258$150$86$19
42 years$667$409$242$139$78$17
43 years$644$390$227$128$71$15
44 years$623$372$213$118$64$13
45 years$602$354$200$109$58$11
46 years$582$338$188$101$53$10
47 years$563$323$176$93$48$8
48 years$545$308$166$86$44$7
49 years$528$294$156$79$40$6
50 years$512$281$146$73$36$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $524,000, adding $5,694 every year, while hoping to spend $23,929 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: 60/22/18 Blend
68$524,000$524,000$524,000$524,000
69$583,321$555,549$547,427$615,281
70$617,360$557,311$540,306$639,314
71$654,068$558,357$532,144$662,371
72$693,694$558,627$522,881$686,975
73$736,508$558,057$512,455$713,279
74$782,808$556,579$500,799$741,452
75$832,924$554,120$487,845$771,682
76$887,215$550,604$473,520$804,176
77$946,077$545,950$457,750$839,163
78$1,009,947$540,072$440,454$876,898
79$1,079,304$532,878$421,552$917,660
80$1,154,674$524,271$400,955$961,760
81$1,236,640$514,148$378,576$1,009,541
82$1,325,837$502,402$354,318$1,061,383
83$1,422,969$488,916$328,085$1,117,705
84$1,528,808$473,569$299,772$1,178,971
85$1,644,205$456,233$269,273$1,245,693
86$1,770,095$436,769$236,475$1,318,438
87$1,907,509$415,035$201,260$1,397,832
88$2,057,580$390,877$163,508$1,484,567
89$2,221,557$364,133$123,089$1,579,407
90$2,400,814$334,634$79,870$1,683,196
91$2,596,863$302,198$33,713$1,796,868
92$2,811,372$266,634$0$1,921,453
93$3,046,173$227,740$0$2,061,075
94$3,303,288$185,305$0$2,221,109
95$3,584,940$139,101$0$2,396,493
96$3,893,579$88,892$0$2,588,789
97$4,231,903$34,427$0$2,799,726
98$4,602,884$0$0$3,031,205
99$5,009,793$0$0$3,291,271
100$5,456,235$0$0$3,585,791