Can I retire at age 69 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$47,400$46,978$46,566$46,164$45,772$45,218
2 years$23,466$23,029$22,605$22,194$21,796$21,239
3 years$15,488$15,049$14,627$14,220$13,828$13,285
4 years$11,500$11,063$10,645$10,245$9,862$9,337
5 years$9,108$8,673$8,261$7,869$7,497$6,992
6 years$7,514$7,083$6,676$6,293$5,932$5,447
7 years$6,376$5,948$5,548$5,174$4,825$4,359
8 years$5,523$5,098$4,705$4,340$4,002$3,558
9 years$4,859$4,439$4,052$3,697$3,371$2,946
10 years$4,329$3,913$3,533$3,187$2,872$2,467
11 years$3,895$3,483$3,110$2,773$2,470$2,084
12 years$3,534$3,126$2,760$2,433$2,140$1,774
13 years$3,229$2,825$2,466$2,148$1,866$1,518
14 years$2,967$2,568$2,216$1,906$1,636$1,306
15 years$2,741$2,346$2,001$1,700$1,441$1,128
16 years$2,543$2,153$1,814$1,522$1,273$977
17 years$2,369$1,982$1,651$1,368$1,129$849
18 years$2,214$1,832$1,507$1,233$1,004$740
19 years$2,075$1,698$1,379$1,114$895$646
20 years$1,951$1,578$1,266$1,009$799$565
21 years$1,838$1,469$1,164$916$715$495
22 years$1,736$1,372$1,073$832$641$434
23 years$1,643$1,283$991$758$575$381
24 years$1,558$1,202$916$691$517$335
25 years$1,480$1,128$849$631$465$295
26 years$1,408$1,060$787$577$419$260
27 years$1,341$998$731$528$378$229
28 years$1,279$940$680$484$341$202
29 years$1,222$887$632$444$308$178
30 years$1,168$838$589$408$278$157
31 years$1,118$792$549$374$252$139
32 years$1,072$749$512$344$228$123
33 years$1,028$710$478$316$206$108
34 years$987$672$447$291$186$96
35 years$948$638$418$268$169$85
36 years$912$605$391$247$153$75
37 years$877$575$366$227$139$66
38 years$845$546$343$210$126$59
39 years$814$520$321$193$114$52
40 years$785$494$301$178$103$46
41 years$757$471$282$164$94$41
42 years$731$448$265$152$85$36
43 years$706$427$248$140$77$32
44 years$682$407$233$129$70$28
45 years$659$388$219$119$64$25
46 years$638$370$206$110$58$22
47 years$617$353$193$102$52$20
48 years$597$337$181$94$48$17
49 years$578$322$171$87$43$15
50 years$560$308$160$80$39$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $574,000, adding $3,128 every year, while hoping to spend $34,902 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: 39/33/28 Blend
68$574,000$574,000$574,000$574,000
69$635,775$605,353$596,456$655,190
70$663,488$597,879$579,301$662,186
71$692,859$588,870$560,403$666,298
72$724,018$578,213$539,664$670,078
73$757,112$565,789$516,987$673,519
74$792,297$551,472$492,265$676,615
75$829,747$535,130$465,392$679,363
76$869,650$516,621$436,252$681,762
77$912,215$495,796$404,727$683,815
78$957,668$472,497$370,692$685,531
79$1,006,258$446,557$334,018$686,920
80$1,058,258$417,800$294,569$687,998
81$1,113,966$386,038$252,204$688,790
82$1,173,712$351,075$206,773$689,326
83$1,237,854$312,702$158,124$689,642
84$1,306,789$270,697$106,095$689,786
85$1,380,949$224,829$50,516$689,814
86$1,460,810$174,850$0$689,797
87$1,546,896$120,501$0$692,442
88$1,639,781$61,507$0$711,496
89$1,740,096$0$0$732,021
90$1,848,534$0$0$755,088
91$1,965,858$0$0$804,271
92$2,092,905$0$0$857,594
93$2,230,596$0$0$915,452
94$2,379,945$0$0$978,278
95$2,542,065$0$0$1,046,550
96$2,718,182$0$0$1,120,793
97$2,909,642$0$0$1,201,584
98$3,117,929$0$0$1,289,561
99$3,344,673$0$0$1,385,422
100$3,591,670$0$0$1,489,936