Can I retire at age 69 with 596,000?

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 $596,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$49,217$48,779$48,351$47,934$47,526$45,876
2 years$24,365$23,911$23,471$23,045$22,631$20,986
3 years$16,082$15,626$15,188$14,765$14,358$12,770
4 years$11,941$11,487$11,053$10,637$10,240$8,720
5 years$9,457$9,006$8,577$8,171$7,785$6,337
6 years$7,802$7,354$6,932$6,534$6,160$4,786
7 years$6,620$6,176$5,760$5,372$5,009$3,709
8 years$5,734$5,294$4,885$4,506$4,156$2,928
9 years$5,046$4,609$4,208$3,839$3,500$2,343
10 years$4,495$4,063$3,668$3,309$2,982$1,894
11 years$4,045$3,617$3,230$2,880$2,565$1,543
12 years$3,670$3,246$2,866$2,526$2,222$1,265
13 years$3,353$2,934$2,561$2,230$1,938$1,042
14 years$3,081$2,667$2,301$1,980$1,699$862
15 years$2,846$2,436$2,077$1,765$1,496$716
16 years$2,641$2,235$1,883$1,581$1,322$596
17 years$2,459$2,058$1,714$1,420$1,172$497
18 years$2,299$1,902$1,564$1,280$1,042$415
19 years$2,155$1,763$1,432$1,157$929$347
20 years$2,026$1,638$1,314$1,047$830$291
21 years$1,909$1,526$1,209$951$743$244
22 years$1,803$1,424$1,114$864$666$205
23 years$1,706$1,332$1,029$787$597$172
24 years$1,618$1,248$951$718$537$145
25 years$1,537$1,171$881$656$483$122
26 years$1,462$1,101$817$600$435$102
27 years$1,393$1,036$759$549$392$86
28 years$1,328$976$706$503$354$73
29 years$1,269$921$657$461$320$61
30 years$1,213$870$612$423$289$51
31 years$1,161$822$570$389$261$43
32 years$1,113$778$532$357$236$36
33 years$1,067$737$497$328$214$31
34 years$1,025$698$464$302$194$26
35 years$984$662$434$278$175$22
36 years$947$629$406$256$159$18
37 years$911$597$380$236$144$16
38 years$877$567$356$218$131$13
39 years$845$540$333$201$118$11
40 years$815$513$312$185$107$9
41 years$786$489$293$171$97$8
42 years$759$465$275$158$88$7
43 years$733$443$258$145$80$6
44 years$708$423$242$134$73$5
45 years$685$403$227$124$66$4
46 years$662$384$213$115$60$3
47 years$641$367$201$106$55$3
48 years$620$350$188$98$49$2
49 years$601$334$177$90$45$2
50 years$582$320$167$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $596,000, adding $2,242 every year, while hoping to spend $43,250 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: 55/31/14 Blend
68$596,000$596,000$596,000$596,000
69$659,105$627,517$618,279$692,828
70$680,316$612,247$592,973$700,730
71$702,241$594,780$565,371$704,455
72$724,907$574,962$535,348$707,518
73$748,342$552,630$502,778$709,864
74$772,578$527,614$467,525$711,438
75$797,644$499,730$429,450$712,179
76$823,574$468,787$388,408$712,024
77$850,403$434,583$344,244$710,904
78$878,168$396,901$296,800$708,751
79$906,907$355,515$245,908$705,489
80$936,661$310,184$191,396$701,040
81$967,474$260,656$133,080$695,322
82$999,390$206,662$70,773$688,248
83$1,032,459$147,920$4,274$679,726
84$1,066,731$84,129$0$669,662
85$1,102,261$14,975$0$667,916
86$1,139,107$0$0$665,749
87$1,177,331$0$0$682,870
88$1,216,997$0$0$705,944
89$1,258,177$0$0$729,905
90$1,300,943$0$0$754,797
91$1,345,376$0$0$780,666
92$1,391,562$0$0$807,563
93$1,439,590$0$0$835,544
94$1,489,559$0$0$864,665
95$1,541,573$0$0$894,989
96$1,595,745$0$0$926,583
97$1,652,196$0$0$959,519
98$1,711,056$0$0$993,875
99$1,772,466$0$0$1,029,734
100$1,836,576$0$0$1,067,188