Can I retire at age 69 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$46,905$46,487$46,079$45,682$45,293$44,764
2 years$23,220$22,788$22,369$21,962$21,568$21,036
3 years$15,326$14,892$14,474$14,071$13,684$13,164
4 years$11,380$10,947$10,533$10,138$9,759$9,257
5 years$9,013$8,583$8,174$7,787$7,419$6,935
6 years$7,436$7,008$6,606$6,227$5,870$5,406
7 years$6,309$5,886$5,490$5,120$4,774$4,329
8 years$5,465$5,045$4,656$4,295$3,961$3,535
9 years$4,808$4,393$4,010$3,658$3,335$2,929
10 years$4,284$3,872$3,496$3,153$2,842$2,454
11 years$3,855$3,447$3,078$2,744$2,444$2,075
12 years$3,497$3,094$2,731$2,407$2,118$1,767
13 years$3,195$2,796$2,440$2,125$1,847$1,513
14 years$2,936$2,541$2,193$1,887$1,619$1,302
15 years$2,712$2,322$1,980$1,682$1,426$1,126
16 years$2,516$2,130$1,795$1,506$1,260$976
17 years$2,344$1,962$1,633$1,354$1,117$849
18 years$2,191$1,813$1,491$1,220$993$740
19 years$2,054$1,680$1,365$1,102$885$647
20 years$1,930$1,561$1,253$998$791$566
21 years$1,819$1,454$1,152$906$708$496
22 years$1,718$1,357$1,062$824$634$436
23 years$1,626$1,270$981$750$569$383
24 years$1,542$1,189$907$684$512$337
25 years$1,464$1,116$840$625$461$297
26 years$1,393$1,049$779$571$415$262
27 years$1,327$987$723$523$374$231
28 years$1,266$930$672$479$337$204
29 years$1,209$878$626$439$305$180
30 years$1,156$829$583$403$275$159
31 years$1,107$784$543$370$249$140
32 years$1,061$741$507$340$225$124
33 years$1,017$702$473$313$204$110
34 years$976$665$442$288$185$97
35 years$938$631$414$265$167$86
36 years$902$599$387$244$151$76
37 years$868$569$362$225$137$67
38 years$836$541$339$207$124$60
39 years$805$514$318$191$113$53
40 years$777$489$298$176$102$47
41 years$749$466$279$163$93$41
42 years$723$443$262$150$84$37
43 years$698$423$246$139$76$32
44 years$675$403$231$128$69$29
45 years$652$384$217$118$63$25
46 years$631$366$203$109$57$23
47 years$611$350$191$101$52$20
48 years$591$334$180$93$47$18
49 years$572$319$169$86$43$16
50 years$555$304$159$80$39$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $568,000, adding $6,850 every year, while hoping to spend $48,257 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: 45/26/29 Blend
68$568,000$568,000$568,000$568,000
69$633,002$602,898$594,094$655,916
70$646,223$581,095$562,651$651,094
71$659,175$556,606$528,537$640,724
72$671,780$529,249$491,612$628,561
73$683,950$498,830$451,730$614,464
74$695,586$465,146$408,736$598,283
75$706,579$427,981$362,471$579,856
76$716,803$387,106$312,767$559,010
77$726,123$342,279$259,451$535,559
78$734,383$293,247$202,338$509,303
79$741,413$239,739$141,240$480,025
80$747,022$181,471$75,956$447,494
81$750,998$118,143$6,280$411,461
82$753,105$49,436$0$371,658
83$753,079$0$0$348,860
84$750,631$0$0$332,282
85$745,436$0$0$328,447
86$737,136$0$0$323,032
87$725,332$0$0$315,840
88$709,584$0$0$306,649
89$689,404$0$0$295,217
90$664,250$0$0$281,273
91$633,522$0$0$264,519
92$596,558$0$0$244,625
93$552,624$0$0$221,225
94$500,908$0$0$193,915
95$440,512$0$0$162,249
96$370,444$0$0$125,732
97$289,607$0$0$83,818
98$196,787$0$0$35,905
99$90,646$0$0$0
100$0$0$0$0