Can I retire at age 69 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$51,116$50,661$50,217$49,783$49,360$47,895
2 years$25,305$24,834$24,377$23,934$23,505$22,041
3 years$16,703$16,229$15,774$15,335$14,912$13,496
4 years$12,402$11,930$11,479$11,048$10,636$9,277
5 years$9,822$9,353$8,908$8,486$8,085$6,788
6 years$8,103$7,638$7,199$6,786$6,397$5,163
7 years$6,876$6,414$5,983$5,579$5,203$4,031
8 years$5,956$5,498$5,074$4,680$4,316$3,206
9 years$5,240$4,787$4,370$3,987$3,635$2,586
10 years$4,668$4,220$3,810$3,437$3,097$2,108
11 years$4,201$3,756$3,354$2,991$2,664$1,732
12 years$3,811$3,372$2,977$2,623$2,308$1,432
13 years$3,482$3,047$2,659$2,316$2,013$1,191
14 years$3,200$2,770$2,390$2,056$1,764$994
15 years$2,956$2,530$2,157$1,833$1,554$833
16 years$2,742$2,321$1,956$1,642$1,373$699
17 years$2,554$2,138$1,780$1,475$1,217$589
18 years$2,387$1,975$1,625$1,329$1,082$497
19 years$2,238$1,831$1,487$1,201$965$420
20 years$2,104$1,701$1,365$1,088$862$355
21 years$1,983$1,585$1,256$987$771$301
22 years$1,872$1,479$1,157$898$691$255
23 years$1,772$1,384$1,069$818$621$217
24 years$1,680$1,296$988$746$558$184
25 years$1,596$1,216$915$681$502$156
26 years$1,518$1,143$849$623$452$133
27 years$1,446$1,076$788$570$408$113
28 years$1,380$1,014$733$522$368$96
29 years$1,318$956$682$479$332$82
30 years$1,260$903$635$439$300$70
31 years$1,206$854$592$404$271$59
32 years$1,156$808$553$371$245$51
33 years$1,109$765$516$341$222$43
34 years$1,064$725$482$314$201$37
35 years$1,022$688$451$289$182$31
36 years$983$653$422$266$165$27
37 years$946$620$395$245$150$23
38 years$911$589$370$226$136$19
39 years$878$560$346$208$123$16
40 years$846$533$324$192$112$14
41 years$816$507$304$177$101$12
42 years$788$483$285$164$92$10
43 years$761$461$268$151$83$9
44 years$735$439$251$139$76$7
45 years$711$419$236$129$69$6
46 years$688$399$222$119$62$5
47 years$665$381$208$110$57$5
48 years$644$364$196$102$51$4
49 years$624$347$184$94$47$3
50 years$604$332$173$87$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $619,000, adding $2,717 every year, while hoping to spend $28,152 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: 41/48/11 Blend
68$619,000$619,000$619,000$619,000
69$684,941$652,134$642,539$710,686
70$724,851$654,135$634,111$731,028
71$767,889$655,290$624,456$750,023
72$814,343$655,529$613,505$769,955
73$864,532$654,776$601,183$790,920
74$918,804$652,950$587,413$813,028
75$977,545$649,967$572,114$836,401
76$1,041,174$645,735$555,200$861,172
77$1,110,158$640,160$536,583$887,495
78$1,185,006$633,139$516,170$915,538
79$1,266,278$624,566$493,864$945,489
80$1,354,594$614,324$469,563$977,559
81$1,450,630$602,294$443,162$1,011,980
82$1,555,136$588,348$414,549$1,049,014
83$1,668,932$572,349$383,608$1,088,951
84$1,792,923$554,154$350,219$1,132,113
85$1,928,105$533,611$314,255$1,178,859
86$2,075,572$510,559$275,584$1,229,588
87$2,236,532$484,828$234,067$1,284,743
88$2,412,311$456,237$189,561$1,344,819
89$2,604,371$424,597$141,915$1,410,361
90$2,814,319$389,705$90,972$1,481,977
91$3,043,928$351,349$36,568$1,560,342
92$3,295,148$309,304$0$1,646,204
93$3,570,125$263,332$0$1,742,917
94$3,871,224$213,182$0$1,853,622
95$4,201,049$158,588$0$1,975,066
96$4,562,468$99,270$0$2,108,403
97$4,958,638$34,933$0$2,254,911
98$5,393,038$0$0$2,416,003
99$5,869,497$0$0$2,611,594
100$6,392,237$0$0$2,846,506