Can I retire at age 69 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$44,097$43,704$43,321$42,947$42,582$42,208
2 years$21,830$21,424$21,030$20,648$20,277$19,900
3 years$14,409$14,001$13,608$13,229$12,865$12,496
4 years$10,699$10,292$9,903$9,531$9,175$8,818
5 years$8,474$8,069$7,685$7,321$6,975$6,631
6 years$6,991$6,589$6,211$5,854$5,519$5,188
7 years$5,932$5,533$5,161$4,813$4,488$4,171
8 years$5,138$4,743$4,377$4,038$3,724$3,419
9 years$4,521$4,130$3,770$3,439$3,136$2,844
10 years$4,027$3,640$3,287$2,965$2,672$2,394
11 years$3,624$3,241$2,894$2,580$2,298$2,032
12 years$3,288$2,909$2,568$2,263$1,991$1,738
13 years$3,004$2,629$2,294$1,998$1,736$1,496
14 years$2,761$2,389$2,061$1,774$1,522$1,293
15 years$2,550$2,183$1,861$1,582$1,340$1,123
16 years$2,366$2,003$1,687$1,416$1,184$979
17 years$2,204$1,844$1,536$1,272$1,050$855
18 years$2,059$1,704$1,402$1,147$934$749
19 years$1,931$1,579$1,283$1,036$832$658
20 years$1,815$1,468$1,178$938$743$579
21 years$1,710$1,367$1,083$852$665$510
22 years$1,615$1,276$998$774$596$450
23 years$1,529$1,194$922$705$535$398
24 years$1,450$1,118$853$643$481$352
25 years$1,377$1,049$790$587$433$312
26 years$1,310$986$732$537$390$276
27 years$1,248$928$680$492$352$245
28 years$1,190$875$632$450$317$217
29 years$1,137$825$588$413$286$193
30 years$1,087$779$548$379$259$172
31 years$1,041$737$511$348$234$152
32 years$997$697$477$320$212$136
33 years$956$660$445$294$192$121
34 years$918$626$416$271$173$107
35 years$882$593$389$249$157$96
36 years$848$563$364$230$142$85
37 years$816$535$340$211$129$76
38 years$786$508$319$195$117$67
39 years$757$483$299$180$106$60
40 years$730$460$280$166$96$54
41 years$704$438$262$153$87$48
42 years$680$417$246$141$79$42
43 years$657$397$231$130$72$38
44 years$634$379$217$120$65$34
45 years$613$361$204$111$59$30
46 years$593$344$191$103$54$27
47 years$574$329$180$95$49$24
48 years$556$314$169$88$44$21
49 years$538$300$159$81$40$19
50 years$521$286$149$75$37$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $534,000, adding $5,013 every year, while hoping to spend $53,397 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: 82/13/5 Blend
68$534,000$534,000$534,000$534,000
69$593,639$565,337$557,060$641,843
70$597,376$536,224$518,907$644,961
71$599,705$503,896$477,687$640,691
72$600,425$468,137$433,240$634,338
73$599,315$428,722$385,400$625,662
74$596,127$385,411$333,993$614,399
75$590,588$337,953$278,838$600,257
76$582,394$286,078$219,745$582,917
77$571,209$229,507$156,517$562,025
78$556,659$167,940$88,947$537,193
79$538,331$101,062$16,820$507,995
80$515,769$28,541$0$473,959
81$488,464$0$0$437,778
82$455,857$0$0$403,988
83$417,328$0$0$368,921
84$372,190$0$0$327,875
85$319,686$0$0$280,164
86$258,976$0$0$225,029
87$189,135$0$0$161,635
88$109,138$0$0$89,054
89$17,853$0$0$6,264
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0