Can I retire at age 69 with 567,000?

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 $567,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$46,822$46,405$45,998$45,601$45,213$44,501
2 years$23,179$22,748$22,329$21,924$21,530$20,814
3 years$15,299$14,866$14,449$14,047$13,660$12,963
4 years$11,360$10,928$10,515$10,120$9,742$9,069
5 years$8,997$8,568$8,160$7,773$7,406$6,759
6 years$7,423$6,996$6,594$6,216$5,860$5,240
7 years$6,298$5,875$5,480$5,111$4,766$4,173
8 years$5,455$5,036$4,647$4,287$3,954$3,388
9 years$4,800$4,385$4,003$3,652$3,330$2,790
10 years$4,276$3,865$3,490$3,148$2,837$2,324
11 years$3,848$3,441$3,072$2,740$2,440$1,952
12 years$3,491$3,088$2,727$2,403$2,114$1,652
13 years$3,189$2,791$2,436$2,121$1,844$1,406
14 years$2,931$2,537$2,189$1,883$1,616$1,202
15 years$2,708$2,318$1,976$1,679$1,423$1,032
16 years$2,512$2,126$1,792$1,504$1,258$888
17 years$2,340$1,958$1,630$1,351$1,115$767
18 years$2,187$1,809$1,488$1,218$992$664
19 years$2,050$1,677$1,363$1,100$884$576
20 years$1,927$1,558$1,250$996$789$501
21 years$1,816$1,452$1,150$904$706$436
22 years$1,715$1,355$1,060$822$633$379
23 years$1,623$1,267$979$749$568$331
24 years$1,539$1,187$905$683$511$289
25 years$1,462$1,114$838$624$460$252
26 years$1,391$1,047$778$570$414$221
27 years$1,325$986$722$522$373$193
28 years$1,264$929$671$478$337$169
29 years$1,207$876$625$439$304$148
30 years$1,154$827$582$403$275$130
31 years$1,105$782$542$370$249$114
32 years$1,059$740$506$340$225$100
33 years$1,015$701$473$312$203$87
34 years$975$664$442$287$184$77
35 years$937$630$413$265$167$67
36 years$901$598$386$244$151$59
37 years$867$568$361$225$137$52
38 years$834$540$338$207$124$46
39 years$804$513$317$191$113$40
40 years$775$488$297$176$102$35
41 years$748$465$279$162$93$31
42 years$722$443$261$150$84$27
43 years$697$422$245$138$76$24
44 years$674$402$230$128$69$21
45 years$651$383$216$118$63$18
46 years$630$366$203$109$57$16
47 years$610$349$191$101$52$14
48 years$590$333$179$93$47$12
49 years$571$318$169$86$43$11
50 years$554$304$158$79$39$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $567,000, adding $4,870 every year, while hoping to spend $22,050 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: 64/15/21 Blend
68$567,000$567,000$567,000$567,000
69$629,857$599,806$591,018$666,477
70$670,642$605,736$587,356$697,649
71$714,847$611,217$582,832$728,765
72$762,799$616,204$577,395$762,250
73$814,856$620,650$570,989$798,337
74$871,412$624,502$563,557$837,282
75$932,899$627,706$555,040$879,370
76$999,796$630,204$545,375$924,915
77$1,072,625$631,934$534,495$974,262
78$1,151,965$632,831$522,333$1,027,794
79$1,238,451$632,825$508,816$1,085,932
80$1,332,781$631,842$493,870$1,149,140
81$1,435,725$629,803$477,415$1,217,932
82$1,548,130$626,624$459,369$1,292,875
83$1,670,928$622,217$439,647$1,374,594
84$1,805,145$616,488$418,157$1,463,777
85$1,951,912$609,338$394,808$1,561,187
86$2,112,472$600,661$369,499$1,667,662
87$2,288,196$590,344$342,128$1,784,130
88$2,480,591$578,270$312,588$1,911,611
89$2,691,318$564,313$280,768$2,051,233
90$2,922,208$548,340$246,549$2,204,241
91$3,175,275$530,210$209,809$2,372,007
92$3,452,736$509,774$170,422$2,556,044
93$3,757,037$486,874$128,253$2,758,022
94$4,090,868$461,345$83,162$2,979,784
95$4,457,195$433,008$35,006$3,223,360
96$4,859,282$401,679$0$3,490,992
97$5,300,726$367,159$0$3,788,823
98$5,785,491$329,240$0$4,124,517
99$6,317,940$287,702$0$4,493,265
100$6,902,883$242,313$0$4,898,422