Can I retire at age 69 with 624,000?

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 $624,000?

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$51,529$51,070$50,623$50,185$49,759$49,259
2 years$25,510$25,034$24,574$24,128$23,695$23,192
3 years$16,837$16,360$15,901$15,459$15,033$14,542
4 years$12,502$12,027$11,572$11,137$10,722$10,247
5 years$9,902$9,429$8,980$8,554$8,150$7,693
6 years$8,169$7,699$7,257$6,841$6,449$6,009
7 years$6,931$6,466$6,031$5,624$5,245$4,823
8 years$6,004$5,543$5,115$4,718$4,351$3,947
9 years$5,283$4,826$4,405$4,019$3,664$3,278
10 years$4,706$4,254$3,841$3,464$3,122$2,753
11 years$4,235$3,787$3,381$3,015$2,685$2,333
12 years$3,842$3,399$3,001$2,645$2,327$1,992
13 years$3,510$3,072$2,681$2,335$2,029$1,711
14 years$3,226$2,792$2,409$2,073$1,779$1,476
15 years$2,980$2,551$2,175$1,848$1,566$1,279
16 years$2,765$2,340$1,972$1,655$1,384$1,113
17 years$2,575$2,155$1,794$1,487$1,227$970
18 years$2,407$1,991$1,638$1,340$1,091$848
19 years$2,256$1,846$1,499$1,211$973$743
20 years$2,121$1,715$1,376$1,097$869$653
21 years$1,999$1,597$1,266$995$777$574
22 years$1,888$1,491$1,167$905$697$505
23 years$1,786$1,395$1,077$824$626$446
24 years$1,694$1,307$996$752$562$393
25 years$1,609$1,226$923$686$506$347
26 years$1,530$1,153$856$628$456$307
27 years$1,458$1,085$795$575$411$272
28 years$1,391$1,022$739$526$371$241
29 years$1,328$964$687$483$335$213
30 years$1,270$911$640$443$302$189
31 years$1,216$861$597$407$273$167
32 years$1,165$814$557$374$247$149
33 years$1,117$771$520$344$224$132
34 years$1,073$731$486$316$203$117
35 years$1,031$693$454$291$184$104
36 years$991$658$425$268$166$92
37 years$954$625$398$247$151$82
38 years$918$594$372$228$137$73
39 years$885$565$349$210$124$65
40 years$853$537$327$194$112$57
41 years$823$512$307$179$102$51
42 years$794$487$288$165$93$45
43 years$767$464$270$152$84$40
44 years$741$443$253$141$76$36
45 years$717$422$238$130$69$32
46 years$693$403$223$120$63$28
47 years$671$384$210$111$57$25
48 years$649$367$197$102$52$22
49 years$629$350$185$95$47$20
50 years$609$335$174$87$43$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $624,000, adding $6,963 every year, while hoping to spend $41,240 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: 37/48/15 Blend
68$624,000$624,000$624,000$624,000
69$694,830$661,758$652,086$717,132
70$721,824$650,305$630,052$722,341
71$750,189$636,909$605,898$723,508
72$780,021$621,431$579,508$723,882
73$811,426$603,723$550,764$723,412
74$844,517$583,631$519,540$722,048
75$879,418$560,990$485,706$719,736
76$916,265$535,625$449,123$716,425
77$955,206$507,352$409,651$712,058
78$996,401$475,977$367,139$706,580
79$1,040,027$441,293$321,431$699,935
80$1,086,276$403,082$272,364$692,067
81$1,135,357$361,114$219,770$682,920
82$1,187,501$315,146$163,469$672,435
83$1,242,957$264,919$103,277$660,559
84$1,302,002$210,163$38,999$647,235
85$1,364,935$150,590$0$632,412
86$1,432,087$85,898$0$620,775
87$1,503,818$15,765$0$614,507
88$1,580,523$0$0$607,353
89$1,662,637$0$0$631,076
90$1,750,635$0$0$665,481
91$1,845,039$0$0$702,451
92$1,946,421$0$0$742,218
93$2,055,409$0$0$785,038
94$2,172,694$0$0$831,189
95$2,299,031$0$0$880,978
96$2,435,254$0$0$934,744
97$2,582,276$0$0$992,858
98$2,741,101$0$0$1,055,726
99$2,912,833$0$0$1,123,797
100$3,098,683$0$0$1,197,563