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%13.3%
1 years$44,097$43,704$43,321$42,947$42,582$41,998
2 years$21,830$21,424$21,030$20,648$20,277$19,689
3 years$14,409$14,001$13,608$13,229$12,865$12,292
4 years$10,699$10,292$9,903$9,531$9,175$8,622
5 years$8,474$8,069$7,685$7,321$6,975$6,442
6 years$6,991$6,589$6,211$5,854$5,519$5,008
7 years$5,932$5,533$5,161$4,813$4,488$3,999
8 years$5,138$4,743$4,377$4,038$3,724$3,256
9 years$4,521$4,130$3,770$3,439$3,136$2,690
10 years$4,027$3,640$3,287$2,965$2,672$2,247
11 years$3,624$3,241$2,894$2,580$2,298$1,894
12 years$3,288$2,909$2,568$2,263$1,991$1,608
13 years$3,004$2,629$2,294$1,998$1,736$1,372
14 years$2,761$2,389$2,061$1,774$1,522$1,177
15 years$2,550$2,183$1,861$1,582$1,340$1,014
16 years$2,366$2,003$1,687$1,416$1,184$876
17 years$2,204$1,844$1,536$1,272$1,050$760
18 years$2,059$1,704$1,402$1,147$934$660
19 years$1,931$1,579$1,283$1,036$832$574
20 years$1,815$1,468$1,178$938$743$501
21 years$1,710$1,367$1,083$852$665$438
22 years$1,615$1,276$998$774$596$383
23 years$1,529$1,194$922$705$535$335
24 years$1,450$1,118$853$643$481$294
25 years$1,377$1,049$790$587$433$258
26 years$1,310$986$732$537$390$226
27 years$1,248$928$680$492$352$199
28 years$1,190$875$632$450$317$175
29 years$1,137$825$588$413$286$154
30 years$1,087$779$548$379$259$135
31 years$1,041$737$511$348$234$119
32 years$997$697$477$320$212$105
33 years$956$660$445$294$192$92
34 years$918$626$416$271$173$81
35 years$882$593$389$249$157$72
36 years$848$563$364$230$142$63
37 years$816$535$340$211$129$56
38 years$786$508$319$195$117$49
39 years$757$483$299$180$106$43
40 years$730$460$280$166$96$38
41 years$704$438$262$153$87$34
42 years$680$417$246$141$79$30
43 years$657$397$231$130$72$26
44 years$634$379$217$120$65$23
45 years$613$361$204$111$59$20
46 years$593$344$191$103$54$18
47 years$574$329$180$95$49$16
48 years$556$314$169$88$44$14
49 years$538$300$159$81$40$12
50 years$521$286$149$75$37$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $534,000, adding $2,314 every year, while hoping to spend $42,965 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: 32/38/30 Blend
68$534,000$534,000$534,000$534,000
69$590,855$562,553$554,276$604,311
70$605,408$544,404$527,130$596,740
71$620,005$523,925$497,634$584,668
72$634,606$500,957$465,665$570,840
73$649,163$475,332$431,093$555,134
74$663,626$446,871$393,782$537,418
75$677,933$415,385$353,591$517,551
76$692,018$380,675$310,372$495,385
77$705,805$342,530$263,971$470,761
78$719,209$300,726$214,227$443,510
79$732,135$255,028$160,970$413,453
80$744,476$205,187$104,025$380,399
81$756,112$150,941$43,210$344,143
82$766,910$92,011$0$304,469
83$776,719$28,104$0$268,088
84$785,374$0$0$243,022
85$792,689$0$0$232,410
86$798,457$0$0$232,960
87$802,448$0$0$232,836
88$804,406$0$0$231,947
89$804,048$0$0$230,192
90$801,057$0$0$227,457
91$795,084$0$0$223,617
92$785,739$0$0$218,534
93$772,592$0$0$212,053
94$755,165$0$0$204,005
95$732,930$0$0$194,202
96$705,300$0$0$182,434
97$671,626$0$0$168,472
98$631,191$0$0$152,059
99$583,200$0$0$132,914
100$526,774$0$0$110,724