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%12.4%
1 years$46,822$46,405$45,998$45,601$45,213$44,760
2 years$23,179$22,748$22,329$21,924$21,530$21,073
3 years$15,299$14,866$14,449$14,047$13,660$13,214
4 years$11,360$10,928$10,515$10,120$9,742$9,311
5 years$8,997$8,568$8,160$7,773$7,406$6,990
6 years$7,423$6,996$6,594$6,216$5,860$5,460
7 years$6,298$5,875$5,480$5,111$4,766$4,382
8 years$5,455$5,036$4,647$4,287$3,954$3,586
9 years$4,800$4,385$4,003$3,652$3,330$2,978
10 years$4,276$3,865$3,490$3,148$2,837$2,502
11 years$3,848$3,441$3,072$2,740$2,440$2,120
12 years$3,491$3,088$2,727$2,403$2,114$1,810
13 years$3,189$2,791$2,436$2,121$1,844$1,554
14 years$2,931$2,537$2,189$1,883$1,616$1,342
15 years$2,708$2,318$1,976$1,679$1,423$1,163
16 years$2,512$2,126$1,792$1,504$1,258$1,011
17 years$2,340$1,958$1,630$1,351$1,115$882
18 years$2,187$1,809$1,488$1,218$992$771
19 years$2,050$1,677$1,363$1,100$884$676
20 years$1,927$1,558$1,250$996$789$593
21 years$1,816$1,452$1,150$904$706$521
22 years$1,715$1,355$1,060$822$633$459
23 years$1,623$1,267$979$749$568$405
24 years$1,539$1,187$905$683$511$357
25 years$1,462$1,114$838$624$460$316
26 years$1,391$1,047$778$570$414$279
27 years$1,325$986$722$522$373$247
28 years$1,264$929$671$478$337$219
29 years$1,207$876$625$439$304$194
30 years$1,154$827$582$403$275$172
31 years$1,105$782$542$370$249$152
32 years$1,059$740$506$340$225$135
33 years$1,015$701$473$312$203$120
34 years$975$664$442$287$184$106
35 years$937$630$413$265$167$94
36 years$901$598$386$244$151$84
37 years$867$568$361$225$137$74
38 years$834$540$338$207$124$66
39 years$804$513$317$191$113$59
40 years$775$488$297$176$102$52
41 years$748$465$279$162$93$46
42 years$722$443$261$150$84$41
43 years$697$422$245$138$76$37
44 years$674$402$230$128$69$33
45 years$651$383$216$118$63$29
46 years$630$366$203$109$57$26
47 years$610$349$191$101$52$23
48 years$590$333$179$93$47$20
49 years$571$318$169$86$43$18
50 years$554$304$158$79$39$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $567,000, adding $2,687 every year, while hoping to spend $46,113 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: 79/16/5 Blend
68$567,000$567,000$567,000$567,000
69$627,606$597,555$588,766$676,849
70$642,558$577,771$559,426$689,700
71$657,489$555,472$527,557$697,448
72$672,349$530,487$493,027$704,551
73$687,081$502,633$455,695$710,920
74$701,619$471,718$415,417$716,459
75$715,890$437,538$372,040$721,063
76$729,813$399,879$325,404$724,616
77$743,293$358,512$275,345$726,990
78$756,229$313,199$221,689$728,046
79$768,503$263,685$164,254$727,631
80$779,986$209,701$102,852$725,579
81$790,532$150,964$37,286$721,704
82$799,981$87,176$0$715,805
83$808,151$18,020$0$709,406
84$814,841$0$0$702,755
85$819,828$0$0$703,615
86$822,863$0$0$705,939
87$823,669$0$0$706,311
88$821,938$0$0$704,466
89$817,330$0$0$700,105
90$809,466$0$0$692,898
91$797,926$0$0$682,479
92$782,244$0$0$668,443
93$761,905$0$0$650,341
94$736,338$0$0$627,674
95$704,909$0$0$599,892
96$666,919$0$0$566,385
97$621,593$0$0$526,476
98$568,072$0$0$479,420
99$505,409$0$0$424,390
100$432,555$0$0$360,474