Can I retire at age 69 with 562,000?

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 $562,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$46,409$45,996$45,593$45,199$44,815$43,928
2 years$22,975$22,547$22,132$21,730$21,340$20,451
3 years$15,164$14,735$14,321$13,923$13,539$12,674
4 years$11,260$10,832$10,422$10,031$9,656$8,823
5 years$8,918$8,492$8,088$7,704$7,341$6,541
6 years$7,357$6,934$6,536$6,161$5,808$5,044
7 years$6,243$5,824$5,432$5,066$4,724$3,994
8 years$5,407$4,992$4,607$4,249$3,919$3,224
9 years$4,758$4,346$3,968$3,620$3,300$2,639
10 years$4,238$3,831$3,459$3,120$2,812$2,185
11 years$3,814$3,411$3,045$2,715$2,418$1,824
12 years$3,460$3,061$2,703$2,382$2,096$1,533
13 years$3,161$2,766$2,415$2,103$1,827$1,296
14 years$2,905$2,515$2,170$1,867$1,602$1,101
15 years$2,684$2,297$1,959$1,665$1,410$938
16 years$2,490$2,108$1,776$1,491$1,247$803
17 years$2,319$1,941$1,616$1,339$1,105$688
18 years$2,167$1,794$1,475$1,207$983$591
19 years$2,032$1,662$1,350$1,091$876$509
20 years$1,910$1,545$1,239$988$782$439
21 years$1,800$1,439$1,140$896$700$379
22 years$1,700$1,343$1,051$815$628$328
23 years$1,609$1,256$970$742$563$284
24 years$1,526$1,177$897$677$506$246
25 years$1,449$1,104$831$618$456$213
26 years$1,378$1,038$771$565$410$185
27 years$1,313$977$716$517$370$160
28 years$1,253$921$665$474$334$139
29 years$1,196$868$619$435$302$121
30 years$1,144$820$577$399$272$105
31 years$1,095$775$538$366$246$91
32 years$1,049$734$502$337$223$79
33 years$1,006$695$468$310$202$69
34 years$966$658$438$285$183$60
35 years$928$625$409$262$165$52
36 years$893$593$383$242$150$46
37 years$859$563$358$223$136$40
38 years$827$535$335$205$123$34
39 years$797$509$314$189$112$30
40 years$768$484$295$174$101$26
41 years$741$461$276$161$92$23
42 years$716$439$259$149$83$20
43 years$691$418$243$137$76$17
44 years$668$399$228$127$69$15
45 years$646$380$214$117$62$13
46 years$624$363$201$108$57$11
47 years$604$346$189$100$51$10
48 years$585$330$178$92$47$9
49 years$566$315$167$85$42$8
50 years$549$301$157$79$39$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $562,000, adding $2,046 every year, while hoping to spend $32,772 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: 57/34/9 Blend
68$562,000$562,000$562,000$562,000
69$621,434$591,648$582,937$655,423
70$649,952$585,770$567,597$672,690
71$680,279$578,505$550,644$687,657
72$712,567$569,752$531,990$703,169
73$746,980$559,400$511,542$719,283
74$783,697$547,336$489,204$736,059
75$822,916$533,437$464,874$753,571
76$864,853$517,575$438,447$771,897
77$909,744$499,613$409,811$791,128
78$957,849$479,405$378,851$811,364
79$1,009,454$456,800$345,447$832,719
80$1,064,870$431,635$309,471$855,320
81$1,124,441$403,739$270,793$879,308
82$1,188,543$372,931$229,273$904,844
83$1,257,590$339,021$184,769$932,105
84$1,332,036$301,804$137,131$961,290
85$1,412,380$261,069$86,201$992,623
86$1,499,169$216,588$31,816$1,026,353
87$1,593,008$168,124$0$1,062,755
88$1,694,556$115,424$0$1,104,660
89$1,804,544$58,223$0$1,153,316
90$1,923,770$0$0$1,206,070
91$2,053,114$0$0$1,264,773
92$2,193,546$0$0$1,352,200
93$2,346,128$0$0$1,447,235
94$2,512,031$0$0$1,550,612
95$2,692,545$0$0$1,663,141
96$2,889,087$0$0$1,785,709
97$3,103,215$0$0$1,919,297
98$3,336,647$0$0$2,064,981
99$3,591,272$0$0$2,223,948
100$3,869,168$0$0$2,397,502