Can I retire at age 69 with 566,000?

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 $566,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$46,740$46,323$45,917$45,521$45,134$44,295
2 years$23,138$22,708$22,290$21,885$21,492$20,650
3 years$15,272$14,840$14,423$14,022$13,636$12,817
4 years$11,340$10,909$10,496$10,102$9,725$8,936
5 years$8,981$8,553$8,146$7,759$7,393$6,635
6 years$7,409$6,984$6,583$6,205$5,850$5,124
7 years$6,287$5,865$5,470$5,102$4,757$4,065
8 years$5,446$5,027$4,639$4,280$3,947$3,287
9 years$4,792$4,377$3,996$3,645$3,324$2,696
10 years$4,269$3,858$3,484$3,142$2,832$2,236
11 years$3,841$3,435$3,067$2,735$2,436$1,870
12 years$3,485$3,083$2,722$2,399$2,111$1,575
13 years$3,184$2,786$2,432$2,118$1,840$1,334
14 years$2,926$2,532$2,185$1,880$1,613$1,135
15 years$2,703$2,313$1,973$1,677$1,421$970
16 years$2,508$2,123$1,789$1,501$1,255$831
17 years$2,336$1,955$1,628$1,349$1,113$714
18 years$2,183$1,806$1,486$1,215$990$615
19 years$2,046$1,674$1,360$1,098$882$531
20 years$1,924$1,556$1,248$995$788$459
21 years$1,813$1,449$1,148$903$705$397
22 years$1,712$1,353$1,058$821$632$344
23 years$1,620$1,265$977$748$567$298
24 years$1,536$1,185$904$682$510$259
25 years$1,459$1,112$837$623$459$225
26 years$1,388$1,045$776$569$413$196
27 years$1,322$984$721$521$373$170
28 years$1,261$927$670$477$336$148
29 years$1,205$875$624$438$304$129
30 years$1,152$826$581$402$274$112
31 years$1,103$781$541$369$248$98
32 years$1,057$739$505$339$224$85
33 years$1,014$700$472$312$203$74
34 years$973$663$441$287$184$65
35 years$935$629$412$264$167$57
36 years$899$597$385$243$151$49
37 years$865$567$361$224$137$43
38 years$833$539$338$207$124$38
39 years$803$512$317$191$112$33
40 years$774$487$297$176$102$29
41 years$747$464$278$162$93$25
42 years$721$442$261$150$84$22
43 years$696$421$245$138$76$19
44 years$672$401$230$128$69$17
45 years$650$383$216$118$63$15
46 years$629$365$203$109$57$13
47 years$608$348$190$101$52$11
48 years$589$333$179$93$47$10
49 years$570$318$168$86$43$8
50 years$553$303$158$79$39$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $566,000, adding $5,464 every year, while hoping to spend $45,371 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: 58/23/19 Blend
68$566,000$566,000$566,000$566,000
69$629,368$599,370$590,597$662,417
70$645,289$580,465$562,108$666,577
71$661,314$559,113$531,143$665,704
72$677,404$535,146$497,573$663,735
73$693,518$508,386$461,260$660,571
74$709,606$478,647$422,062$656,110
75$725,614$445,728$379,829$650,239
76$741,479$409,421$334,406$642,836
77$757,131$369,504$285,629$633,771
78$772,489$325,741$233,329$622,905
79$787,466$277,885$177,328$610,084
80$801,959$225,673$117,441$595,145
81$815,858$168,830$53,474$577,912
82$829,035$107,062$0$558,194
83$841,350$40,062$0$538,785
84$852,646$0$0$528,226
85$862,746$0$0$523,695
86$871,455$0$0$528,388
87$878,555$0$0$532,024
88$883,802$0$0$534,449
89$886,927$0$0$535,487
90$887,630$0$0$534,947
91$885,577$0$0$532,615
92$880,398$0$0$528,252
93$871,682$0$0$521,595
94$858,973$0$0$512,353
95$841,768$0$0$500,201
96$819,505$0$0$484,780
97$791,566$0$0$465,694
98$757,264$0$0$442,501
99$715,840$0$0$414,717
100$666,452$0$0$381,801