Can I retire at age 69 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$45,418$45,014$44,619$44,234$43,858$42,488
2 years$22,484$22,066$21,660$21,266$20,885$19,517
3 years$14,841$14,420$14,015$13,626$13,250$11,927
4 years$11,020$10,600$10,200$9,816$9,450$8,182
5 years$8,728$8,311$7,915$7,540$7,184$5,974
6 years$7,200$6,786$6,397$6,030$5,684$4,534
7 years$6,109$5,699$5,316$4,957$4,623$3,532
8 years$5,292$4,885$4,508$4,159$3,835$2,803
9 years$4,656$4,254$3,883$3,542$3,230$2,255
10 years$4,148$3,749$3,385$3,053$2,752$1,833
11 years$3,732$3,338$2,980$2,657$2,367$1,502
12 years$3,386$2,996$2,645$2,331$2,051$1,239
13 years$3,094$2,707$2,363$2,058$1,788$1,027
14 years$2,843$2,461$2,123$1,827$1,568$855
15 years$2,626$2,248$1,917$1,629$1,380$715
16 years$2,437$2,063$1,738$1,459$1,220$599
17 years$2,270$1,900$1,582$1,311$1,082$502
18 years$2,121$1,755$1,444$1,181$962$423
19 years$1,989$1,627$1,322$1,067$857$356
20 years$1,869$1,512$1,213$967$766$300
21 years$1,762$1,408$1,116$877$685$254
22 years$1,664$1,314$1,028$798$614$214
23 years$1,575$1,229$949$726$551$181
24 years$1,493$1,152$878$663$496$154
25 years$1,418$1,081$813$605$446$130
26 years$1,349$1,016$754$553$402$110
27 years$1,285$956$700$506$362$93
28 years$1,226$901$651$464$327$79
29 years$1,171$850$606$425$295$67
30 years$1,120$803$564$390$267$57
31 years$1,072$759$526$359$241$48
32 years$1,027$718$491$330$218$41
33 years$985$680$458$303$197$35
34 years$946$644$428$279$179$30
35 years$908$611$400$257$162$25
36 years$874$580$375$236$147$21
37 years$841$551$351$218$133$18
38 years$809$524$328$201$120$15
39 years$780$498$308$185$109$13
40 years$752$474$288$171$99$11
41 years$725$451$270$158$90$9
42 years$700$429$254$145$82$8
43 years$676$409$238$134$74$7
44 years$653$390$223$124$67$6
45 years$632$372$210$114$61$5
46 years$611$355$197$106$55$4
47 years$591$339$185$98$50$4
48 years$572$323$174$90$46$3
49 years$554$309$163$83$41$3
50 years$537$295$154$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $550,000, adding $2,098 every year, while hoping to spend $26,006 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: 56/19/25 Blend
68$550,000$550,000$550,000$550,000
69$608,264$579,114$570,589$638,059
70$642,637$579,820$562,034$659,433
71$679,644$579,690$552,320$679,801
72$719,527$578,654$541,382$701,448
73$762,550$576,640$529,150$724,506
74$809,006$573,570$515,552$749,121
75$859,213$569,363$500,511$775,454
76$913,523$563,933$483,949$803,684
77$972,323$557,186$465,782$834,011
78$1,036,038$549,026$445,923$866,654
79$1,105,134$539,349$424,282$901,858
80$1,180,126$528,046$400,764$939,894
81$1,261,579$515,000$375,270$981,062
82$1,350,114$500,089$347,695$1,025,694
83$1,446,415$483,183$317,932$1,074,158
84$1,551,235$464,144$285,868$1,126,863
85$1,665,400$442,826$251,384$1,184,259
86$1,789,822$419,076$214,357$1,246,845
87$1,925,504$392,731$174,658$1,315,176
88$2,073,548$363,617$132,152$1,389,863
89$2,235,170$331,555$86,699$1,471,582
90$2,411,706$296,349$38,152$1,561,084
91$2,604,628$257,799$0$1,659,195
92$2,815,556$215,687$0$1,770,475
93$3,046,275$169,787$0$1,903,392
94$3,298,748$119,860$0$2,048,920
95$3,575,139$65,651$0$2,208,345
96$3,877,828$6,894$0$2,383,083
97$4,209,440$0$0$2,574,695
98$4,572,863$0$0$2,796,758
99$4,971,278$0$0$3,041,832
100$5,408,188$0$0$3,310,638