Can I retire at age 69 with 557,000?

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 $557,000?

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$45,997$45,587$45,187$44,797$44,416$43,970
2 years$22,771$22,346$21,935$21,537$21,150$20,702
3 years$15,030$14,604$14,194$13,799$13,419$12,981
4 years$11,160$10,735$10,329$9,941$9,570$9,146
5 years$8,839$8,417$8,016$7,636$7,275$6,867
6 years$7,292$6,873$6,478$6,107$5,757$5,364
7 years$6,187$5,772$5,383$5,021$4,682$4,305
8 years$5,359$4,947$4,566$4,212$3,884$3,523
9 years$4,715$4,308$3,932$3,587$3,271$2,926
10 years$4,201$3,797$3,428$3,092$2,787$2,458
11 years$3,780$3,380$3,018$2,691$2,397$2,083
12 years$3,429$3,034$2,679$2,361$2,077$1,778
13 years$3,133$2,742$2,393$2,084$1,811$1,527
14 years$2,879$2,492$2,150$1,850$1,588$1,318
15 years$2,660$2,277$1,941$1,650$1,398$1,142
16 years$2,468$2,089$1,760$1,477$1,236$993
17 years$2,298$1,924$1,602$1,327$1,095$866
18 years$2,148$1,778$1,462$1,196$974$757
19 years$2,014$1,647$1,338$1,081$868$664
20 years$1,893$1,531$1,228$979$775$583
21 years$1,784$1,426$1,130$888$694$512
22 years$1,685$1,331$1,041$808$622$451
23 years$1,595$1,245$962$736$558$398
24 years$1,512$1,166$889$671$502$351
25 years$1,436$1,095$824$613$452$310
26 years$1,366$1,029$764$560$407$274
27 years$1,301$968$709$513$367$243
28 years$1,241$912$659$470$331$215
29 years$1,186$861$614$431$299$190
30 years$1,134$813$572$395$270$169
31 years$1,085$768$533$363$244$149
32 years$1,040$727$497$334$221$133
33 years$998$689$464$307$200$118
34 years$958$653$434$282$181$104
35 years$920$619$406$260$164$93
36 years$885$587$379$239$148$82
37 years$851$558$355$221$135$73
38 years$820$530$332$203$122$65
39 years$790$504$312$187$111$58
40 years$762$480$292$173$100$51
41 years$735$457$274$160$91$46
42 years$709$435$257$147$83$41
43 years$685$414$241$136$75$36
44 years$662$395$226$125$68$32
45 years$640$377$212$116$62$28
46 years$619$359$199$107$56$25
47 years$599$343$187$99$51$23
48 years$580$327$176$91$46$20
49 years$561$313$166$84$42$18
50 years$544$299$156$78$38$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $557,000, adding $5,348 every year, while hoping to spend $35,680 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: 37/38/25 Blend
68$557,000$557,000$557,000$557,000
69$619,330$589,809$581,176$637,440
70$644,539$580,747$562,682$642,142
71$671,123$570,044$542,373$643,545
72$699,185$557,584$520,150$644,358
73$728,837$543,241$495,910$644,550
74$760,201$526,882$469,545$644,091
75$793,410$508,368$440,944$642,949
76$828,610$487,550$409,988$641,096
77$865,960$464,272$376,555$638,501
78$905,634$438,368$340,515$635,136
79$947,822$409,661$301,736$630,974
80$992,733$377,968$260,077$625,991
81$1,040,594$343,090$215,391$620,163
82$1,091,654$304,821$167,527$613,469
83$1,146,188$262,943$116,324$605,894
84$1,204,495$217,222$61,616$597,424
85$1,266,902$167,415$3,230$588,049
86$1,333,771$113,263$0$577,769
87$1,405,497$54,494$0$582,345
88$1,482,512$0$0$587,973
89$1,565,294$0$0$597,701
90$1,654,363$0$0$632,742
91$1,750,293$0$0$670,540
92$1,853,715$0$0$711,350
93$1,965,320$0$0$755,455
94$2,085,868$0$0$803,162
95$2,216,195$0$0$854,811
96$2,357,219$0$0$910,774
97$2,509,949$0$0$971,461
98$2,675,494$0$0$1,037,325
99$2,855,075$0$0$1,108,859
100$3,050,034$0$0$1,186,611