Can I retire at age 69 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$47,153$46,733$46,323$45,923$45,532$45,264
2 years$23,343$22,908$22,487$22,078$21,682$21,412
3 years$15,407$14,971$14,550$14,146$13,756$13,492
4 years$11,440$11,005$10,589$10,191$9,811$9,555
5 years$9,061$8,628$8,218$7,828$7,458$7,211
6 years$7,475$7,046$6,641$6,260$5,901$5,663
7 years$6,343$5,917$5,519$5,147$4,799$4,570
8 years$5,494$5,072$4,680$4,317$3,982$3,762
9 years$4,834$4,416$4,031$3,677$3,353$3,142
10 years$4,306$3,892$3,514$3,170$2,857$2,655
11 years$3,875$3,465$3,094$2,759$2,457$2,264
12 years$3,516$3,110$2,746$2,420$2,129$1,945
13 years$3,212$2,811$2,453$2,136$1,857$1,681
14 years$2,952$2,555$2,204$1,896$1,628$1,461
15 years$2,727$2,334$1,990$1,691$1,433$1,274
16 years$2,530$2,141$1,804$1,514$1,267$1,116
17 years$2,356$1,972$1,642$1,361$1,123$980
18 years$2,202$1,822$1,499$1,226$999$863
19 years$2,064$1,689$1,372$1,108$890$761
20 years$1,941$1,569$1,259$1,004$795$673
21 years$1,829$1,462$1,158$911$711$596
22 years$1,727$1,365$1,068$828$638$529
23 years$1,635$1,276$986$754$572$470
24 years$1,550$1,196$912$688$515$418
25 years$1,472$1,122$844$628$463$372
26 years$1,400$1,055$783$574$417$332
27 years$1,334$993$727$526$376$296
28 years$1,273$935$676$482$339$264
29 years$1,216$882$629$442$306$236
30 years$1,162$833$586$405$277$211
31 years$1,113$788$546$372$250$188
32 years$1,066$745$510$342$226$168
33 years$1,023$706$476$315$205$151
34 years$982$669$445$290$185$135
35 years$943$635$416$267$168$121
36 years$907$602$389$245$152$108
37 years$873$572$364$226$138$97
38 years$840$544$341$208$125$87
39 years$810$517$319$192$113$78
40 years$781$492$299$177$103$70
41 years$753$468$281$164$93$62
42 years$727$446$263$151$85$56
43 years$702$425$247$139$77$50
44 years$678$405$232$129$70$45
45 years$656$386$218$119$63$40
46 years$634$368$205$110$58$36
47 years$614$352$192$101$52$32
48 years$594$336$181$94$47$29
49 years$575$320$170$87$43$26
50 years$557$306$160$80$39$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $571,000, adding $2,337 every year, while hoping to spend $48,538 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: 58/35/7 Blend
68$571,000$571,000$571,000$571,000
69$631,653$601,390$592,539$667,205
70$644,437$579,214$560,745$669,186
71$656,899$554,324$526,259$665,646
72$668,954$526,537$488,940$660,581
73$680,507$495,658$448,640$653,849
74$691,454$461,480$405,204$645,295
75$701,675$423,786$358,472$634,753
76$711,040$382,345$308,274$622,041
77$719,400$336,913$254,435$606,963
78$726,591$287,235$196,771$589,308
79$732,431$233,037$135,091$568,844
80$736,717$174,034$69,194$545,321
81$739,221$109,920$0$518,469
82$739,692$40,377$0$488,079
83$737,851$0$0$459,267
84$733,388$0$0$439,985
85$725,958$0$0$434,329
86$715,180$0$0$426,506
87$700,630$0$0$416,242
88$681,841$0$0$403,238
89$658,291$0$0$387,160
90$629,408$0$0$367,641
91$594,553$0$0$344,271
92$553,022$0$0$316,601
93$504,037$0$0$284,130
94$446,736$0$0$246,308
95$380,165$0$0$202,523
96$303,272$0$0$152,101
97$214,893$0$0$94,298
98$113,740$0$0$28,289
99$0$0$0$0
100$0$0$0$0