Can I retire at age 69 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$44,593$44,195$43,808$43,430$43,060$41,632
2 years$22,076$21,664$21,266$20,880$20,505$19,080
3 years$14,571$14,158$13,761$13,378$13,009$11,632
4 years$10,819$10,408$10,014$9,638$9,278$7,959
5 years$8,569$8,160$7,771$7,403$7,053$5,796
6 years$7,069$6,663$6,280$5,920$5,581$4,387
7 years$5,998$5,596$5,219$4,867$4,539$3,408
8 years$5,195$4,796$4,426$4,083$3,765$2,696
9 years$4,571$4,176$3,812$3,478$3,171$2,163
10 years$4,072$3,681$3,324$2,998$2,702$1,753
11 years$3,665$3,277$2,926$2,609$2,324$1,432
12 years$3,325$2,941$2,597$2,289$2,014$1,177
13 years$3,038$2,658$2,320$2,020$1,756$973
14 years$2,792$2,416$2,085$1,794$1,539$807
15 years$2,579$2,207$1,882$1,599$1,355$672
16 years$2,392$2,025$1,706$1,432$1,198$561
17 years$2,228$1,865$1,553$1,287$1,062$469
18 years$2,083$1,723$1,417$1,160$944$393
19 years$1,952$1,597$1,298$1,048$842$330
20 years$1,835$1,484$1,191$949$752$277
21 years$1,730$1,382$1,095$861$673$233
22 years$1,633$1,290$1,010$783$603$196
23 years$1,546$1,207$932$713$541$165
24 years$1,466$1,131$862$650$487$140
25 years$1,392$1,061$798$594$438$118
26 years$1,324$997$741$543$394$99
27 years$1,262$939$688$497$356$84
28 years$1,204$884$639$456$321$71
29 years$1,150$834$595$418$290$60
30 years$1,099$788$554$383$262$51
31 years$1,052$745$517$352$237$43
32 years$1,008$705$482$324$214$36
33 years$967$668$450$298$194$31
34 years$928$633$420$274$175$26
35 years$892$600$393$252$159$22
36 years$858$570$368$232$144$18
37 years$825$541$344$214$130$16
38 years$795$514$322$197$118$13
39 years$766$489$302$182$107$11
40 years$738$465$283$168$97$9
41 years$712$443$265$155$88$8
42 years$687$422$249$143$80$7
43 years$664$402$234$132$73$6
44 years$642$383$219$122$66$5
45 years$620$365$206$112$60$4
46 years$600$348$193$104$54$3
47 years$581$332$182$96$49$3
48 years$562$317$171$89$45$2
49 years$544$303$160$82$41$2
50 years$527$289$151$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $540,000, adding $4,012 every year, while hoping to spend $32,098 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: 54/40/6 Blend
68$540,000$540,000$540,000$540,000
69$599,218$570,598$562,228$630,552
70$626,187$564,406$546,911$645,989
71$654,830$556,834$530,005$658,891
72$685,285$547,781$511,422$672,148
73$717,702$537,140$491,073$685,800
74$752,245$524,797$468,861$699,890
75$789,093$510,632$444,687$714,468
76$828,444$494,516$418,447$729,592
77$870,512$476,314$390,033$745,326
78$915,535$455,884$359,329$761,744
79$963,771$433,075$326,219$778,930
80$1,015,506$407,725$290,577$796,979
81$1,071,050$379,666$252,274$815,996
82$1,130,747$348,719$211,175$836,103
83$1,194,972$314,695$167,138$857,434
84$1,264,138$277,394$120,016$880,143
85$1,338,698$236,605$69,654$904,401
86$1,419,150$192,103$15,893$930,402
87$1,506,041$143,654$0$958,360
88$1,599,973$91,009$0$991,175
89$1,701,605$33,903$0$1,027,721
90$1,811,665$0$0$1,067,295
91$1,930,951$0$0$1,122,546
92$2,060,340$0$0$1,198,708
93$2,200,798$0$0$1,281,430
94$2,353,388$0$0$1,371,344
95$2,519,278$0$0$1,469,144
96$2,699,752$0$0$1,575,595
97$2,896,225$0$0$1,691,537
98$3,110,253$0$0$1,817,894
99$3,343,548$0$0$1,955,685
100$3,597,995$0$0$2,106,031