Can I retire at age 69 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$49,795$49,352$48,919$48,497$48,084$47,366
2 years$24,651$24,192$23,747$23,316$22,897$22,175
3 years$16,271$15,810$15,366$14,939$14,527$13,823
4 years$12,081$11,622$11,182$10,762$10,361$9,681
5 years$9,569$9,112$8,678$8,267$7,876$7,223
6 years$7,894$7,440$7,013$6,611$6,232$5,606
7 years$6,698$6,248$5,828$5,435$5,068$4,469
8 years$5,802$5,356$4,943$4,559$4,205$3,632
9 years$5,105$4,663$4,257$3,884$3,541$2,995
10 years$4,548$4,111$3,711$3,348$3,017$2,498
11 years$4,092$3,659$3,267$2,913$2,595$2,101
12 years$3,713$3,284$2,900$2,556$2,249$1,780
13 years$3,392$2,968$2,591$2,256$1,961$1,517
14 years$3,117$2,698$2,328$2,003$1,719$1,299
15 years$2,879$2,465$2,102$1,786$1,513$1,116
16 years$2,672$2,261$1,905$1,599$1,338$963
17 years$2,488$2,083$1,734$1,437$1,186$832
18 years$2,326$1,924$1,583$1,295$1,054$722
19 years$2,180$1,783$1,449$1,170$940$627
20 years$2,049$1,657$1,330$1,060$840$545
21 years$1,931$1,544$1,223$962$751$475
22 years$1,824$1,441$1,127$874$673$415
23 years$1,726$1,348$1,041$796$605$362
24 years$1,637$1,263$963$726$543$317
25 years$1,555$1,185$892$663$489$277
26 years$1,479$1,114$827$607$440$243
27 years$1,409$1,048$768$555$397$213
28 years$1,344$988$714$509$358$187
29 years$1,284$932$664$466$324$164
30 years$1,227$880$619$428$292$144
31 years$1,175$832$577$393$264$126
32 years$1,126$787$538$361$239$111
33 years$1,080$745$503$332$216$97
34 years$1,037$706$470$306$196$85
35 years$996$670$439$281$177$75
36 years$958$636$411$259$161$66
37 years$922$604$384$239$146$58
38 years$887$574$360$220$132$51
39 years$855$546$337$203$120$45
40 years$824$519$316$187$109$39
41 years$795$494$296$173$99$35
42 years$768$471$278$159$89$31
43 years$741$449$261$147$81$27
44 years$716$428$245$136$74$24
45 years$693$408$230$125$67$21
46 years$670$389$216$116$61$18
47 years$648$371$203$107$55$16
48 years$628$354$191$99$50$14
49 years$608$338$179$91$45$12
50 years$589$323$168$85$41$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $603,000, adding $3,656 every year, while hoping to spend $42,818 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: 34/50/16 Blend
68$603,000$603,000$603,000$603,000
69$668,277$636,318$626,972$687,572
70$690,883$621,940$602,417$687,624
71$714,360$605,422$575,605$683,415
72$738,752$586,614$546,414$677,958
73$764,104$565,358$514,719$671,166
74$790,468$541,485$480,387$662,947
75$817,895$514,818$443,280$653,205
76$846,445$485,168$403,254$641,840
77$876,178$452,337$360,159$628,746
78$907,161$416,114$313,837$613,811
79$939,465$376,277$264,124$596,919
80$973,166$332,591$210,848$577,945
81$1,008,349$284,808$153,831$556,763
82$1,045,101$232,664$92,885$533,236
83$1,083,520$175,883$27,816$507,224
84$1,123,710$114,173$0$478,579
85$1,165,785$47,223$0$454,251
86$1,209,865$0$0$432,502
87$1,256,085$0$0$422,364
88$1,304,588$0$0$439,016
89$1,355,530$0$0$456,535
90$1,409,081$0$0$474,982
91$1,465,426$0$0$494,424
92$1,524,765$0$0$514,936
93$1,587,318$0$0$536,598
94$1,653,323$0$0$559,498
95$1,723,039$0$0$583,730
96$1,796,750$0$0$609,400
97$1,874,766$0$0$636,621
98$1,957,424$0$0$665,518
99$2,045,093$0$0$696,227
100$2,138,176$0$0$728,897