Can I retire at age 69 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$48,226$47,797$47,377$46,968$46,569$46,256
2 years$23,874$23,430$22,999$22,581$22,176$21,860
3 years$15,758$15,312$14,882$14,468$14,069$13,761
4 years$11,701$11,256$10,830$10,423$10,034$9,735
5 years$9,267$8,825$8,405$8,006$7,628$7,339
6 years$7,645$7,206$6,792$6,403$6,036$5,758
7 years$6,487$6,052$5,644$5,264$4,909$4,642
8 years$5,619$5,187$4,787$4,416$4,072$3,816
9 years$4,944$4,516$4,123$3,761$3,429$3,184
10 years$4,404$3,981$3,594$3,242$2,922$2,687
11 years$3,963$3,544$3,164$2,822$2,513$2,289
12 years$3,596$3,181$2,808$2,475$2,178$1,964
13 years$3,285$2,875$2,509$2,185$1,899$1,695
14 years$3,019$2,613$2,254$1,940$1,665$1,471
15 years$2,789$2,387$2,035$1,730$1,466$1,281
16 years$2,587$2,190$1,845$1,549$1,295$1,120
17 years$2,410$2,017$1,679$1,392$1,149$983
18 years$2,252$1,864$1,533$1,254$1,021$864
19 years$2,111$1,727$1,403$1,133$910$761
20 years$1,985$1,605$1,288$1,026$813$672
21 years$1,870$1,495$1,185$931$728$595
22 years$1,767$1,396$1,092$847$652$527
23 years$1,672$1,305$1,008$771$585$467
24 years$1,585$1,223$932$703$526$415
25 years$1,506$1,148$864$642$474$369
26 years$1,432$1,079$801$587$427$328
27 years$1,364$1,015$744$538$385$292
28 years$1,302$957$691$493$347$260
29 years$1,243$902$643$452$313$232
30 years$1,189$852$599$415$283$207
31 years$1,138$806$559$381$256$185
32 years$1,090$762$521$350$232$165
33 years$1,046$722$487$322$210$147
34 years$1,004$684$455$296$190$132
35 years$965$649$425$273$172$118
36 years$928$616$398$251$156$105
37 years$893$585$372$231$141$94
38 years$859$556$349$213$128$84
39 years$828$529$327$197$116$75
40 years$798$503$306$181$105$67
41 years$770$479$287$167$95$60
42 years$744$456$269$154$87$54
43 years$718$434$253$143$79$48
44 years$694$414$237$132$71$43
45 years$671$395$223$122$65$39
46 years$649$377$209$112$59$35
47 years$628$360$197$104$53$31
48 years$608$343$185$96$49$28
49 years$589$328$174$89$44$25
50 years$570$313$163$82$40$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $584,000, adding $6,069 every year, while hoping to spend $48,631 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: 51/23/26 Blend
68$584,000$584,000$584,000$584,000
69$649,828$618,876$609,824$677,948
70$664,368$597,458$578,510$676,714
71$678,760$573,361$544,517$669,972
72$692,940$546,401$507,705$661,665
73$706,831$516,386$467,924$651,666
74$720,351$483,112$425,023$639,837
75$733,404$446,362$378,839$626,030
76$745,886$405,908$329,204$610,084
77$757,677$361,509$275,943$591,828
78$768,646$312,909$218,873$571,078
79$778,645$259,838$157,803$547,633
80$787,509$202,013$92,531$521,280
81$795,055$139,131$22,851$491,785
82$801,078$70,876$0$458,900
83$805,350$0$0$436,645
84$807,619$0$0$418,913
85$807,603$0$0$417,803
86$804,990$0$0$415,197
87$799,434$0$0$410,902
88$790,549$0$0$404,699
89$777,910$0$0$396,348
90$761,043$0$0$385,582
91$739,425$0$0$372,105
92$712,476$0$0$355,589
93$679,553$0$0$335,674
94$639,946$0$0$311,957
95$592,868$0$0$283,996
96$537,449$0$0$251,299
97$472,727$0$0$213,325
98$397,637$0$0$169,474
99$311,004$0$0$119,083
100$211,528$0$0$61,421