Can I retire at age 69 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$50,456$50,006$49,568$49,140$48,722$48,093
2 years$24,978$24,513$24,062$23,625$23,201$22,568
3 years$16,487$16,019$15,570$15,137$14,720$14,103
4 years$12,242$11,776$11,331$10,905$10,498$9,902
5 years$9,696$9,233$8,793$8,376$7,981$7,407
6 years$7,999$7,539$7,106$6,699$6,315$5,764
7 years$6,787$6,331$5,905$5,507$5,136$4,608
8 years$5,879$5,427$5,008$4,620$4,260$3,756
9 years$5,172$4,725$4,314$3,935$3,588$3,107
10 years$4,608$4,165$3,761$3,392$3,057$2,598
11 years$4,146$3,708$3,311$2,952$2,629$2,193
12 years$3,762$3,328$2,938$2,589$2,278$1,864
13 years$3,437$3,008$2,625$2,286$1,987$1,593
14 years$3,159$2,734$2,359$2,029$1,742$1,369
15 years$2,918$2,497$2,130$1,810$1,533$1,180
16 years$2,707$2,291$1,931$1,620$1,355$1,021
17 years$2,521$2,110$1,757$1,456$1,202$886
18 years$2,356$1,950$1,604$1,312$1,068$771
19 years$2,209$1,807$1,468$1,186$952$672
20 years$2,077$1,679$1,347$1,074$851$587
21 years$1,957$1,564$1,239$975$761$514
22 years$1,848$1,460$1,142$886$682$450
23 years$1,749$1,366$1,055$807$613$395
24 years$1,659$1,280$975$736$551$346
25 years$1,575$1,201$903$672$495$304
26 years$1,498$1,129$838$615$446$268
27 years$1,428$1,062$778$563$402$235
28 years$1,362$1,001$723$515$363$207
29 years$1,301$944$673$473$328$183
30 years$1,244$892$627$434$296$161
31 years$1,191$843$585$398$268$142
32 years$1,141$798$545$366$242$125
33 years$1,094$755$509$337$219$110
34 years$1,050$716$476$310$198$97
35 years$1,009$679$445$285$180$86
36 years$970$644$416$263$163$76
37 years$934$612$389$242$148$67
38 years$899$582$365$223$134$59
39 years$866$553$342$206$121$52
40 years$835$526$320$190$110$46
41 years$806$501$300$175$100$41
42 years$778$477$282$162$91$36
43 years$751$455$264$149$82$32
44 years$726$433$248$138$75$28
45 years$702$413$233$127$68$25
46 years$679$394$219$117$62$22
47 years$657$376$206$109$56$19
48 years$636$359$193$100$51$17
49 years$616$343$182$93$46$15
50 years$597$328$171$86$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $611,000, adding $4,862 every year, while hoping to spend $47,373 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: 62/11/27 Blend
68$611,000$611,000$611,000$611,000
69$678,337$645,954$636,484$715,222
70$697,123$627,201$607,401$722,083
71$716,237$605,942$575,757$723,982
72$735,664$582,003$541,415$725,037
73$755,382$555,202$504,233$725,172
74$775,369$525,345$464,063$724,309
75$795,597$492,228$420,750$722,362
76$816,035$455,633$374,131$719,238
77$836,644$415,333$324,039$714,840
78$857,383$371,086$270,295$709,061
79$878,203$322,636$212,717$701,786
80$899,047$269,713$151,110$692,893
81$919,853$212,031$85,275$682,249
82$940,547$149,290$15,001$669,712
83$961,048$81,171$0$655,129
84$981,265$7,337$0$655,617
85$1,001,092$0$0$659,451
86$1,020,414$0$0$670,963
87$1,039,098$0$0$682,903
88$1,056,998$0$0$694,281
89$1,073,950$0$0$704,984
90$1,089,768$0$0$714,885
91$1,104,247$0$0$723,842
92$1,117,158$0$0$731,699
93$1,128,244$0$0$738,279
94$1,137,222$0$0$743,386
95$1,143,772$0$0$746,803
96$1,147,543$0$0$748,287
97$1,148,143$0$0$747,570
98$1,145,135$0$0$744,354
99$1,138,038$0$0$738,306
100$1,126,313$0$0$729,059