Can I retire at age 69 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$45,253$44,850$44,457$44,073$43,698$42,181
2 years$22,403$21,985$21,581$21,189$20,809$19,296
3 years$14,787$14,368$13,964$13,576$13,202$11,741
4 years$10,980$10,562$10,162$9,781$9,416$8,018
5 years$8,696$8,281$7,887$7,513$7,158$5,827
6 years$7,174$6,762$6,373$6,008$5,664$4,400
7 years$6,087$5,678$5,296$4,939$4,606$3,410
8 years$5,272$4,867$4,492$4,144$3,821$2,692
9 years$4,639$4,238$3,869$3,529$3,218$2,154
10 years$4,133$3,736$3,373$3,042$2,742$1,741
11 years$3,719$3,326$2,969$2,648$2,358$1,419
12 years$3,374$2,985$2,635$2,322$2,043$1,163
13 years$3,083$2,697$2,354$2,050$1,782$958
14 years$2,833$2,452$2,115$1,820$1,562$793
15 years$2,617$2,240$1,910$1,623$1,375$658
16 years$2,428$2,055$1,732$1,453$1,216$548
17 years$2,261$1,893$1,576$1,306$1,078$457
18 years$2,113$1,749$1,438$1,177$958$382
19 years$1,981$1,621$1,317$1,063$854$319
20 years$1,862$1,506$1,209$963$763$268
21 years$1,755$1,403$1,112$874$683$224
22 years$1,658$1,310$1,025$795$612$188
23 years$1,569$1,225$946$724$549$158
24 years$1,488$1,148$875$660$494$133
25 years$1,413$1,077$810$603$444$112
26 years$1,344$1,012$752$551$400$94
27 years$1,280$953$698$505$361$79
28 years$1,221$898$649$462$326$67
29 years$1,167$847$604$424$294$56
30 years$1,115$800$562$389$266$47
31 years$1,068$756$524$357$240$40
32 years$1,023$715$489$328$217$34
33 years$981$677$457$302$197$28
34 years$942$642$427$278$178$24
35 years$905$609$399$256$161$20
36 years$870$578$373$236$146$17
37 years$837$549$349$217$132$14
38 years$806$522$327$200$120$12
39 years$777$496$306$184$109$10
40 years$749$472$287$170$99$9
41 years$723$449$269$157$90$7
42 years$698$428$253$145$81$6
43 years$674$408$237$134$74$5
44 years$651$389$223$123$67$4
45 years$629$371$209$114$61$4
46 years$609$354$196$105$55$3
47 years$589$337$184$97$50$3
48 years$570$322$173$90$46$2
49 years$552$308$163$83$41$2
50 years$535$294$153$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $548,000, adding $4,743 every year, while hoping to spend $31,122 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: 62/16/22 Blend
68$548,000$548,000$548,000$548,000
69$608,788$579,744$571,250$642,754
70$637,771$575,038$557,274$661,570
71$668,667$569,059$541,786$678,236
72$701,639$561,710$524,703$695,731
73$736,864$552,891$505,938$714,138
74$774,536$542,496$485,400$733,553
75$814,871$530,410$462,993$754,081
76$858,102$516,514$438,617$775,839
77$904,486$500,681$412,168$798,957
78$954,305$482,776$383,537$823,582
79$1,007,869$462,656$352,610$849,876
80$1,065,517$440,172$319,269$878,017
81$1,127,623$415,164$283,388$908,206
82$1,194,597$387,463$244,837$940,666
83$1,266,889$356,892$203,482$975,643
84$1,344,993$323,261$159,181$1,013,413
85$1,429,454$286,373$111,785$1,054,278
86$1,520,869$246,016$61,140$1,098,578
87$1,619,895$201,968$7,086$1,146,688
88$1,727,255$153,995$0$1,199,023
89$1,843,742$101,848$0$1,267,923
90$1,970,231$45,265$0$1,344,568
91$2,107,682$0$0$1,427,904
92$2,257,152$0$0$1,521,424
93$2,419,804$0$0$1,631,902
94$2,596,919$0$0$1,752,239
95$2,789,903$0$0$1,883,398
96$3,000,307$0$0$2,026,437
97$3,229,836$0$0$2,182,520
98$3,480,367$0$0$2,352,930
99$3,753,967$0$0$2,539,077
100$4,052,909$0$0$2,742,514