Can I retire at age 69 with 544,000?

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 $544,000?

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$44,923$44,523$44,132$43,751$43,379$42,944
2 years$22,239$21,825$21,424$21,034$20,657$20,219
3 years$14,679$14,263$13,862$13,477$13,106$12,678
4 years$10,899$10,485$10,088$9,709$9,347$8,933
5 years$8,632$8,220$7,829$7,458$7,105$6,706
6 years$7,121$6,712$6,327$5,964$5,622$5,239
7 years$6,043$5,637$5,258$4,903$4,572$4,204
8 years$5,234$4,832$4,459$4,113$3,793$3,441
9 years$4,605$4,207$3,841$3,504$3,194$2,858
10 years$4,103$3,708$3,348$3,020$2,722$2,400
11 years$3,692$3,301$2,948$2,628$2,341$2,034
12 years$3,349$2,963$2,616$2,305$2,029$1,737
13 years$3,060$2,678$2,337$2,035$1,769$1,491
14 years$2,812$2,434$2,100$1,807$1,551$1,287
15 years$2,598$2,224$1,896$1,611$1,365$1,115
16 years$2,410$2,040$1,719$1,443$1,207$970
17 years$2,245$1,879$1,564$1,296$1,070$846
18 years$2,098$1,736$1,428$1,168$951$740
19 years$1,967$1,609$1,307$1,056$848$648
20 years$1,849$1,495$1,200$956$757$569
21 years$1,742$1,393$1,104$868$678$500
22 years$1,646$1,300$1,017$789$608$441
23 years$1,557$1,216$939$718$545$388
24 years$1,477$1,139$868$655$490$343
25 years$1,403$1,069$804$598$441$303
26 years$1,334$1,005$746$547$397$268
27 years$1,271$946$693$501$358$237
28 years$1,212$891$644$459$323$210
29 years$1,158$841$599$421$292$186
30 years$1,107$794$558$386$264$165
31 years$1,060$750$520$355$238$146
32 years$1,016$710$486$326$216$129
33 years$974$672$453$300$195$115
34 years$935$637$424$276$177$102
35 years$899$605$396$254$160$91
36 years$864$574$370$234$145$80
37 years$831$545$347$215$131$71
38 years$801$518$325$199$119$63
39 years$771$492$304$183$108$56
40 years$744$469$285$169$98$50
41 years$718$446$267$156$89$45
42 years$693$425$251$144$81$40
43 years$669$405$235$133$73$35
44 years$646$386$221$123$66$31
45 years$625$368$207$113$60$28
46 years$604$351$195$105$55$25
47 years$585$335$183$97$50$22
48 years$566$320$172$89$45$20
49 years$548$305$162$82$41$17
50 years$531$292$152$76$37$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $544,000, adding $2,507 every year, while hoping to spend $40,847 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: 65/27/8 Blend
68$544,000$544,000$544,000$544,000
69$602,074$573,242$564,810$640,111
70$620,025$557,870$540,270$650,372
71$638,437$540,376$513,539$656,508
72$657,316$520,612$484,501$662,148
73$676,663$498,423$453,033$667,240
74$696,482$473,645$419,008$671,729
75$716,772$446,102$382,294$675,554
76$737,533$415,612$342,751$678,651
77$758,763$381,978$300,235$680,952
78$780,457$344,995$254,593$682,383
79$802,609$304,446$205,668$682,865
80$825,211$260,100$153,294$682,313
81$848,252$211,714$97,298$680,637
82$871,717$159,031$37,501$677,738
83$895,590$101,781$0$673,512
84$919,848$39,677$0$670,094
85$944,468$0$0$668,677
86$969,419$0$0$674,143
87$994,666$0$0$691,589
88$1,020,169$0$0$709,199
89$1,045,881$0$0$726,938
90$1,071,747$0$0$744,766
91$1,097,706$0$0$762,638
92$1,123,687$0$0$780,503
93$1,149,610$0$0$798,304
94$1,175,383$0$0$815,972
95$1,200,903$0$0$833,435
96$1,226,054$0$0$850,607
97$1,250,704$0$0$867,393
98$1,274,705$0$0$883,688
99$1,297,891$0$0$899,371
100$1,320,078$0$0$914,308