Can I retire at age 69 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$50,951$50,497$50,055$49,622$49,200$48,707
2 years$25,223$24,754$24,298$23,857$23,429$22,932
3 years$16,649$16,177$15,723$15,285$14,864$14,379
4 years$12,362$11,892$11,442$11,012$10,601$10,132
5 years$9,791$9,323$8,880$8,458$8,059$7,606
6 years$8,077$7,613$7,176$6,764$6,377$5,942
7 years$6,854$6,393$5,963$5,561$5,186$4,769
8 years$5,936$5,480$5,057$4,665$4,302$3,903
9 years$5,223$4,772$4,356$3,974$3,623$3,241
10 years$4,653$4,206$3,798$3,425$3,087$2,722
11 years$4,187$3,744$3,343$2,981$2,655$2,307
12 years$3,799$3,361$2,967$2,615$2,301$1,970
13 years$3,471$3,037$2,651$2,309$2,006$1,692
14 years$3,190$2,761$2,382$2,049$1,759$1,460
15 years$2,946$2,522$2,150$1,828$1,549$1,265
16 years$2,734$2,314$1,950$1,636$1,369$1,100
17 years$2,546$2,131$1,774$1,470$1,213$959
18 years$2,380$1,969$1,620$1,325$1,079$839
19 years$2,231$1,825$1,483$1,197$962$735
20 years$2,097$1,696$1,361$1,084$859$645
21 years$1,976$1,580$1,252$984$769$567
22 years$1,866$1,474$1,154$895$689$500
23 years$1,766$1,379$1,065$815$619$441
24 years$1,675$1,292$985$743$556$389
25 years$1,591$1,213$912$679$500$343
26 years$1,513$1,140$846$621$451$304
27 years$1,442$1,072$786$568$406$269
28 years$1,375$1,011$730$520$367$238
29 years$1,313$953$680$477$331$211
30 years$1,256$900$633$438$299$187
31 years$1,202$851$590$402$270$166
32 years$1,152$805$551$370$245$147
33 years$1,105$763$514$340$221$130
34 years$1,061$723$480$313$200$116
35 years$1,019$686$449$288$182$103
36 years$980$651$420$265$164$91
37 years$943$618$393$244$149$81
38 years$908$587$368$225$135$72
39 years$875$559$345$208$123$64
40 years$844$531$323$192$111$57
41 years$814$506$303$177$101$50
42 years$786$482$284$163$92$45
43 years$759$459$267$151$83$40
44 years$733$438$251$139$75$35
45 years$709$417$235$128$68$32
46 years$685$398$221$119$62$28
47 years$663$380$208$110$56$25
48 years$642$363$195$101$51$22
49 years$622$346$183$94$47$20
50 years$602$331$172$86$42$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $617,000, adding $2,034 every year, while hoping to spend $41,305 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: 47/23/30 Blend
68$617,000$617,000$617,000$617,000
69$682,032$649,331$639,768$708,130
70$707,651$637,200$617,252$714,681
71$734,499$623,090$592,597$717,634
72$762,657$606,861$565,688$720,058
73$792,215$588,364$536,405$721,928
74$823,268$567,441$504,622$723,214
75$855,921$543,925$470,207$723,891
76$890,289$517,641$433,022$723,932
77$926,494$488,401$392,924$723,313
78$964,672$456,009$349,763$722,009
79$1,004,970$420,255$303,382$719,997
80$1,047,549$380,919$253,617$717,256
81$1,092,582$337,768$200,296$713,769
82$1,140,262$290,555$143,243$709,518
83$1,190,797$239,020$82,270$704,493
84$1,244,414$182,888$17,182$698,683
85$1,301,364$121,869$0$692,087
86$1,361,918$55,655$0$701,438
87$1,426,374$0$0$716,968
88$1,495,060$0$0$737,327
89$1,568,332$0$0$774,111
90$1,646,582$0$0$813,437
91$1,730,240$0$0$855,526
92$1,819,775$0$0$900,620
93$1,915,704$0$0$948,985
94$2,018,593$0$0$1,000,913
95$2,129,063$0$0$1,056,725
96$2,247,794$0$0$1,116,772
97$2,375,535$0$0$1,181,439
98$2,513,108$0$0$1,251,152
99$2,661,414$0$0$1,326,375
100$2,821,444$0$0$1,407,621