Can I retire at age 69 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$47,813$47,387$46,972$46,566$46,170$45,918
2 years$23,670$23,229$22,802$22,388$21,986$21,731
3 years$15,623$15,180$14,754$14,344$13,949$13,700
4 years$11,601$11,159$10,737$10,334$9,948$9,707
5 years$9,188$8,749$8,333$7,938$7,563$7,329
6 years$7,580$7,144$6,734$6,348$5,984$5,759
7 years$6,431$6,000$5,596$5,219$4,867$4,650
8 years$5,571$5,143$4,746$4,378$4,037$3,830
9 years$4,902$4,478$4,088$3,729$3,400$3,201
10 years$4,367$3,947$3,564$3,214$2,897$2,707
11 years$3,929$3,514$3,137$2,798$2,491$2,309
12 years$3,565$3,154$2,784$2,454$2,159$1,985
13 years$3,257$2,850$2,488$2,166$1,883$1,717
14 years$2,993$2,591$2,235$1,923$1,650$1,493
15 years$2,765$2,367$2,018$1,715$1,453$1,303
16 years$2,565$2,171$1,830$1,536$1,284$1,142
17 years$2,389$2,000$1,665$1,380$1,139$1,003
18 years$2,233$1,848$1,520$1,243$1,013$884
19 years$2,093$1,713$1,391$1,124$902$781
20 years$1,968$1,591$1,277$1,018$806$691
21 years$1,854$1,482$1,175$924$721$613
22 years$1,751$1,384$1,082$840$647$544
23 years$1,658$1,294$999$765$580$483
24 years$1,572$1,212$924$697$522$430
25 years$1,493$1,138$856$637$469$383
26 years$1,420$1,069$794$582$423$342
27 years$1,353$1,006$737$533$381$305
28 years$1,290$948$685$488$344$273
29 years$1,233$895$638$448$311$244
30 years$1,179$845$594$411$281$218
31 years$1,128$799$554$378$254$195
32 years$1,081$756$517$347$230$174
33 years$1,037$716$483$319$208$156
34 years$995$678$451$294$188$140
35 years$956$643$422$270$170$125
36 years$920$611$394$249$154$112
37 years$885$580$369$229$140$101
38 years$852$551$346$211$127$90
39 years$821$524$324$195$115$81
40 years$792$499$304$180$104$73
41 years$764$475$285$166$95$65
42 years$737$452$267$153$86$58
43 years$712$431$251$141$78$52
44 years$688$411$235$130$71$47
45 years$665$392$221$120$64$42
46 years$643$374$207$111$58$38
47 years$622$356$195$103$53$34
48 years$603$340$183$95$48$31
49 years$584$325$172$88$44$27
50 years$565$310$162$81$40$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $579,000, adding $5,139 every year, while hoping to spend $20,906 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: 62/33/5 Blend
68$579,000$579,000$579,000$579,000
69$643,359$612,672$603,697$682,423
70$686,738$620,449$601,677$716,883
71$733,840$627,906$598,889$751,560
72$785,025$635,007$595,285$788,861
73$840,685$641,709$590,814$829,040
74$901,253$647,971$585,424$872,374
75$967,205$653,747$579,061$919,170
76$1,039,067$658,987$571,666$969,767
77$1,117,415$663,640$563,180$1,024,538
78$1,202,883$667,651$553,539$1,083,894
79$1,296,172$670,960$542,677$1,148,290
80$1,398,049$673,505$530,524$1,218,225
81$1,509,363$675,219$517,009$1,294,251
82$1,631,045$676,032$502,056$1,376,978
83$1,764,122$675,868$485,585$1,467,075
84$1,909,724$674,647$467,514$1,565,285
85$2,069,096$672,285$447,756$1,672,423
86$2,243,608$668,691$426,220$1,789,391
87$2,434,769$663,770$402,812$1,917,180
88$2,644,242$657,422$377,432$2,056,887
89$2,873,856$649,537$349,978$2,209,720
90$3,125,628$640,003$320,341$2,377,012
91$3,401,778$628,699$288,408$2,560,231
92$3,704,752$615,497$254,062$2,760,998
93$4,037,242$600,262$217,179$2,981,101
94$4,402,216$582,851$177,630$3,222,511
95$4,802,943$563,111$135,281$3,487,402
96$5,243,023$540,883$89,993$3,778,170
97$5,726,421$515,996$41,617$4,097,460
98$6,257,507$488,271$0$4,448,186
99$6,841,094$457,518$0$4,834,096
100$7,482,485$423,535$0$5,260,607