Can I retire at age 69 with 556,000?

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 $556,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$45,914$45,505$45,106$44,717$44,336$43,335
2 years$22,730$22,306$21,896$21,498$21,112$20,109
3 years$15,003$14,577$14,168$13,774$13,395$12,420
4 years$11,140$10,716$10,311$9,924$9,553$8,616
5 years$8,823$8,401$8,002$7,622$7,262$6,364
6 years$7,279$6,860$6,467$6,096$5,746$4,888
7 years$6,176$5,761$5,374$5,011$4,673$3,856
8 years$5,349$4,939$4,557$4,204$3,877$3,100
9 years$4,707$4,300$3,925$3,581$3,265$2,527
10 years$4,193$3,790$3,422$3,087$2,782$2,083
11 years$3,773$3,374$3,013$2,686$2,393$1,731
12 years$3,423$3,028$2,674$2,356$2,073$1,449
13 years$3,128$2,737$2,389$2,080$1,808$1,219
14 years$2,874$2,488$2,146$1,847$1,585$1,030
15 years$2,655$2,273$1,938$1,647$1,395$874
16 years$2,463$2,085$1,757$1,475$1,233$744
17 years$2,294$1,920$1,599$1,325$1,094$635
18 years$2,144$1,774$1,459$1,194$972$543
19 years$2,010$1,644$1,336$1,079$867$465
20 years$1,890$1,528$1,226$977$774$399
21 years$1,781$1,423$1,128$887$693$342
22 years$1,682$1,329$1,039$806$621$294
23 years$1,592$1,243$960$734$557$253
24 years$1,509$1,164$888$670$501$218
25 years$1,433$1,093$822$612$451$188
26 years$1,364$1,027$762$559$406$162
27 years$1,299$966$708$512$366$140
28 years$1,239$911$658$469$330$121
29 years$1,184$859$613$430$298$104
30 years$1,132$811$571$395$270$90
31 years$1,083$767$532$363$244$78
32 years$1,038$726$496$333$220$67
33 years$996$687$463$306$199$58
34 years$956$651$433$282$181$50
35 years$918$618$405$260$164$44
36 years$883$586$379$239$148$38
37 years$850$557$354$220$134$33
38 years$818$529$332$203$122$28
39 years$788$503$311$187$110$24
40 years$760$479$291$173$100$21
41 years$733$456$273$159$91$18
42 years$708$434$256$147$82$16
43 years$684$414$241$136$75$14
44 years$661$394$226$125$68$12
45 years$639$376$212$116$62$10
46 years$618$359$199$107$56$9
47 years$598$342$187$99$51$8
48 years$579$327$176$91$46$7
49 years$560$312$165$84$42$6
50 years$543$298$155$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $556,000, adding $4,504 every year, while hoping to spend $25,788 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: 62/24/14 Blend
68$556,000$556,000$556,000$556,000
69$617,358$587,890$579,272$653,255
70$652,890$589,258$571,239$679,271
71$691,182$589,829$562,073$704,321
72$732,489$589,537$551,709$731,041
73$777,089$588,311$540,077$759,595
74$825,290$586,076$527,108$790,164
75$877,429$582,753$512,725$822,948
76$933,877$578,257$496,851$858,167
77$995,041$572,501$479,405$896,066
78$1,061,370$565,389$460,300$936,916
79$1,133,357$556,820$439,447$981,014
80$1,211,544$546,689$416,753$1,028,692
81$1,296,528$534,883$392,121$1,080,313
82$1,388,964$521,283$365,447$1,136,283
83$1,489,575$505,762$336,626$1,197,047
84$1,599,155$488,187$305,546$1,263,098
85$1,718,578$468,417$272,091$1,334,980
86$1,848,805$446,302$236,138$1,413,297
87$1,990,896$421,684$197,562$1,498,713
88$2,146,016$394,395$156,229$1,591,963
89$2,315,447$364,258$112,000$1,693,859
90$2,500,603$331,087$64,732$1,805,298
91$2,703,037$294,683$14,274$1,927,272
92$2,924,462$254,837$0$2,060,873
93$3,166,762$211,329$0$2,213,223
94$3,432,013$163,926$0$2,382,404
95$3,722,501$112,380$0$2,567,782
96$4,040,741$56,432$0$2,771,008
97$4,389,506$0$0$2,993,910
98$4,771,848$0$0$3,239,605
99$5,191,129$0$0$3,525,423
100$5,651,053$0$0$3,838,988