Can I retire at age 69 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$51,612$51,152$50,704$50,266$49,838$49,441
2 years$25,550$25,075$24,613$24,166$23,733$23,332
3 years$16,864$16,387$15,927$15,484$15,057$14,666
4 years$12,522$12,046$11,590$11,155$10,739$10,360
5 years$9,918$9,444$8,995$8,568$8,163$7,798
6 years$8,182$7,712$7,269$6,852$6,459$6,108
7 years$6,942$6,476$6,041$5,633$5,253$4,916
8 years$6,013$5,551$5,123$4,726$4,358$4,034
9 years$5,291$4,834$4,412$4,025$3,670$3,360
10 years$4,714$4,261$3,847$3,470$3,127$2,831
11 years$4,241$3,793$3,387$3,020$2,689$2,407
12 years$3,848$3,404$3,006$2,649$2,331$2,061
13 years$3,516$3,076$2,685$2,338$2,032$1,776
14 years$3,231$2,796$2,413$2,076$1,782$1,538
15 years$2,984$2,555$2,178$1,851$1,569$1,337
16 years$2,769$2,344$1,975$1,658$1,386$1,167
17 years$2,579$2,159$1,797$1,489$1,229$1,021
18 years$2,410$1,995$1,641$1,342$1,093$896
19 years$2,260$1,849$1,502$1,213$974$788
20 years$2,124$1,718$1,378$1,098$870$694
21 years$2,002$1,600$1,268$997$779$613
22 years$1,891$1,494$1,168$906$698$542
23 years$1,789$1,397$1,079$825$627$479
24 years$1,697$1,309$998$753$563$425
25 years$1,611$1,228$924$688$507$377
26 years$1,533$1,154$857$629$456$334
27 years$1,460$1,086$796$575$412$297
28 years$1,393$1,024$740$527$371$264
29 years$1,330$966$689$483$335$235
30 years$1,272$912$641$444$303$209
31 years$1,218$862$598$408$274$186
32 years$1,167$816$558$375$248$166
33 years$1,119$773$521$344$224$148
34 years$1,074$732$487$317$203$132
35 years$1,032$695$455$292$184$117
36 years$993$659$426$269$167$105
37 years$955$626$398$248$151$93
38 years$920$595$373$228$137$83
39 years$886$566$350$210$124$74
40 years$854$538$328$194$113$66
41 years$824$512$307$179$102$59
42 years$796$488$288$165$93$53
43 years$768$465$270$153$84$47
44 years$743$443$254$141$76$42
45 years$718$423$238$130$69$38
46 years$694$403$224$120$63$34
47 years$672$385$210$111$57$30
48 years$650$367$198$103$52$27
49 years$630$351$186$95$47$24
50 years$610$335$175$88$43$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $625,000, adding $6,641 every year, while hoping to spend $53,200 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: 39/34/27 Blend
68$625,000$625,000$625,000$625,000
69$695,600$662,475$652,788$716,942
70$709,947$638,332$618,052$708,960
71$723,974$611,223$580,369$694,921
72$737,593$580,946$539,585$678,715
73$750,704$547,289$495,537$660,179
74$763,195$510,025$448,057$639,136
75$774,941$468,917$396,968$615,399
76$785,804$423,713$342,085$588,766
77$795,627$374,146$283,215$559,023
78$804,237$319,935$220,159$525,937
79$811,439$260,782$152,705$489,262
80$817,019$196,373$80,633$448,732
81$820,737$126,378$3,717$404,061
82$822,326$50,444$0$354,944
83$821,491$0$0$323,628
84$817,901$0$0$301,691
85$811,193$0$0$297,238
86$800,962$0$0$291,222
87$786,758$0$0$283,448
88$768,084$0$0$273,700
89$744,390$0$0$261,739
90$715,065$0$0$247,303
91$679,433$0$0$230,099
92$636,747$0$0$209,803
93$586,179$0$0$186,058
94$526,814$0$0$158,470
95$457,641$0$0$126,600
96$377,541$0$0$89,967
97$285,276$0$0$48,036
98$179,482$0$0$219
99$58,647$0$0$0
100$0$0$0$0