Can I retire at age 69 with 541,000?

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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$44,675$44,277$43,889$43,510$43,140$42,707
2 years$22,116$21,705$21,305$20,918$20,543$20,107
3 years$14,598$14,184$13,786$13,403$13,033$12,608
4 years$10,839$10,427$10,033$9,656$9,295$8,884
5 years$8,585$8,175$7,786$7,417$7,066$6,669
6 years$7,082$6,675$6,292$5,931$5,591$5,210
7 years$6,009$5,606$5,229$4,876$4,547$4,181
8 years$5,205$4,805$4,434$4,091$3,772$3,422
9 years$4,580$4,184$3,819$3,484$3,177$2,842
10 years$4,080$3,688$3,330$3,003$2,707$2,387
11 years$3,671$3,283$2,931$2,614$2,328$2,023
12 years$3,331$2,947$2,602$2,293$2,017$1,727
13 years$3,043$2,663$2,324$2,024$1,759$1,483
14 years$2,797$2,421$2,088$1,797$1,542$1,280
15 years$2,583$2,211$1,886$1,602$1,358$1,109
16 years$2,397$2,029$1,710$1,435$1,200$965
17 years$2,232$1,868$1,556$1,289$1,064$841
18 years$2,086$1,727$1,420$1,162$946$736
19 years$1,956$1,600$1,300$1,050$843$645
20 years$1,839$1,487$1,193$951$753$566
21 years$1,733$1,385$1,097$863$674$498
22 years$1,637$1,293$1,011$785$604$438
23 years$1,549$1,209$934$715$542$386
24 years$1,469$1,133$864$652$487$341
25 years$1,395$1,063$800$595$439$301
26 years$1,327$999$742$544$395$266
27 years$1,264$940$689$498$356$236
28 years$1,206$886$640$456$321$209
29 years$1,152$836$596$419$290$185
30 years$1,101$789$555$384$262$164
31 years$1,054$746$518$353$237$145
32 years$1,010$706$483$324$214$129
33 years$969$669$451$298$194$114
34 years$930$634$421$274$176$101
35 years$894$601$394$253$159$90
36 years$859$571$368$233$144$80
37 years$827$542$345$214$131$71
38 years$796$515$323$197$119$63
39 years$767$490$303$182$107$56
40 years$740$466$284$168$97$50
41 years$714$444$266$155$88$44
42 years$689$422$249$143$80$39
43 years$665$402$234$132$73$35
44 years$643$384$220$122$66$31
45 years$621$366$206$113$60$28
46 years$601$349$194$104$54$25
47 years$582$333$182$96$49$22
48 years$563$318$171$89$45$19
49 years$545$304$161$82$41$17
50 years$528$290$151$76$37$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $541,000, adding $2,653 every year, while hoping to spend $26,027 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: 53/30/17 Blend
68$541,000$541,000$541,000$541,000
69$598,919$570,246$561,860$627,773
70$632,316$570,495$552,990$648,065
71$668,247$569,884$542,950$667,159
72$706,944$568,344$531,674$687,362
73$748,659$565,800$519,093$708,784
74$793,672$562,174$505,132$731,552
75$842,289$557,383$489,716$755,804
76$894,846$551,339$472,766$781,696
77$951,714$543,947$454,196$809,400
78$1,013,298$535,110$433,921$839,106
79$1,080,045$524,721$411,848$871,026
80$1,152,448$512,671$387,883$905,397
81$1,231,046$498,840$361,926$942,478
82$1,316,434$483,105$333,872$982,561
83$1,409,266$465,333$303,613$1,025,965
84$1,510,262$445,385$271,034$1,073,048
85$1,620,212$423,112$236,018$1,124,205
86$1,739,989$398,360$198,439$1,179,873
87$1,870,550$370,961$158,169$1,240,537
88$2,012,950$340,742$115,071$1,306,736
89$2,168,350$307,518$69,006$1,379,064
90$2,338,029$271,094$19,825$1,458,180
91$2,523,393$231,263$0$1,544,814
92$2,725,991$187,806$0$1,645,698
93$2,947,529$140,495$0$1,760,026
94$3,189,882$89,085$0$1,885,216
95$3,455,120$33,320$0$2,022,396
96$3,745,518$0$0$2,172,808
97$4,063,583$0$0$2,346,765
98$4,412,075$0$0$2,549,467
99$4,794,034$0$0$2,771,689
100$5,212,809$0$0$3,015,387