Can I retire at age 69 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$47,566$47,142$46,728$46,325$45,931$44,390
2 years$23,547$23,109$22,684$22,272$21,872$20,334
3 years$15,542$15,102$14,678$14,270$13,876$12,391
4 years$11,541$11,101$10,682$10,280$9,897$8,474
5 years$9,140$8,704$8,289$7,896$7,523$6,168
6 years$7,540$7,107$6,699$6,315$5,953$4,666
7 years$6,398$5,969$5,567$5,192$4,841$3,622
8 years$5,542$5,116$4,721$4,355$4,016$2,864
9 years$4,876$4,455$4,066$3,710$3,382$2,296
10 years$4,344$3,926$3,545$3,198$2,882$1,860
11 years$3,909$3,496$3,121$2,783$2,479$1,518
12 years$3,546$3,137$2,770$2,441$2,148$1,247
13 years$3,240$2,835$2,475$2,155$1,873$1,030
14 years$2,978$2,577$2,224$1,913$1,642$854
15 years$2,750$2,354$2,008$1,706$1,446$710
16 years$2,552$2,160$1,820$1,528$1,278$592
17 years$2,377$1,989$1,656$1,373$1,133$495
18 years$2,221$1,838$1,512$1,237$1,007$415
19 years$2,083$1,704$1,384$1,118$898$348
20 years$1,958$1,583$1,270$1,012$802$292
21 years$1,845$1,475$1,168$919$718$245
22 years$1,742$1,376$1,077$835$643$207
23 years$1,649$1,287$994$761$577$174
24 years$1,564$1,206$920$694$519$147
25 years$1,485$1,132$852$634$467$124
26 years$1,413$1,064$790$579$421$104
27 years$1,346$1,001$734$530$379$88
28 years$1,284$943$682$486$342$74
29 years$1,226$890$635$446$309$63
30 years$1,172$841$591$409$279$53
31 years$1,122$795$551$376$252$45
32 years$1,075$752$514$345$228$38
33 years$1,032$712$480$317$207$32
34 years$990$675$449$292$187$27
35 years$951$640$419$269$169$23
36 years$915$608$392$248$154$19
37 years$880$577$367$228$139$16
38 years$848$548$344$210$126$14
39 years$817$521$322$194$114$12
40 years$787$496$302$179$104$10
41 years$760$472$283$165$94$8
42 years$733$450$266$152$85$7
43 years$708$429$249$141$78$6
44 years$684$408$234$130$70$5
45 years$662$390$220$120$64$4
46 years$640$372$206$111$58$4
47 years$619$355$194$102$53$3
48 years$599$339$182$95$48$3
49 years$580$323$171$87$43$2
50 years$562$309$161$81$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $576,000, adding $6,509 every year, while hoping to spend $33,524 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: 57/28/15 Blend
68$576,000$576,000$576,000$576,000
69$641,466$610,938$602,010$675,186
70$671,226$605,205$586,508$693,051
71$702,899$598,067$569,363$708,277
72$736,642$589,420$550,485$724,096
73$772,633$579,155$529,779$740,570
74$811,061$567,153$507,146$757,769
75$852,136$553,291$482,483$775,773
76$896,090$537,438$455,682$794,671
77$943,173$519,454$426,629$814,564
78$993,663$499,193$395,207$835,564
79$1,047,863$476,500$361,293$857,797
80$1,106,105$451,209$324,757$881,403
81$1,168,757$423,147$285,465$906,541
82$1,236,218$392,130$243,276$933,387
83$1,308,930$357,962$198,044$962,138
84$1,387,378$320,439$149,615$993,014
85$1,472,092$279,342$97,829$1,026,261
86$1,563,659$234,443$42,520$1,062,153
87$1,662,719$185,498$0$1,100,995
88$1,769,980$132,251$0$1,145,769
89$1,886,219$74,432$0$1,201,647
90$2,012,288$11,754$0$1,262,268
91$2,149,127$0$0$1,328,133
92$2,297,768$0$0$1,417,078
93$2,459,348$0$0$1,517,746
94$2,635,116$0$0$1,627,300
95$2,826,447$0$0$1,746,604
96$3,034,854$0$0$1,876,605
97$3,262,002$0$0$2,018,350
98$3,509,724$0$0$2,172,989
99$3,780,035$0$0$2,341,787
100$4,075,157$0$0$2,526,137