Can I retire at age 69 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$51,860$51,398$50,947$50,507$50,078$49,411
2 years$25,673$25,195$24,732$24,282$23,846$23,176
3 years$16,945$16,465$16,003$15,558$15,129$14,475
4 years$12,582$12,104$11,646$11,209$10,790$10,158
5 years$9,965$9,489$9,038$8,609$8,203$7,595
6 years$8,221$7,749$7,304$6,885$6,490$5,907
7 years$6,976$6,507$6,070$5,660$5,278$4,720
8 years$6,042$5,578$5,147$4,748$4,379$3,845
9 years$5,316$4,857$4,434$4,045$3,688$3,178
10 years$4,736$4,281$3,865$3,486$3,142$2,657
11 years$4,262$3,811$3,403$3,034$2,702$2,240
12 years$3,867$3,421$3,020$2,661$2,342$1,903
13 years$3,533$3,091$2,698$2,350$2,042$1,626
14 years$3,247$2,810$2,424$2,086$1,790$1,396
15 years$2,999$2,567$2,189$1,860$1,576$1,203
16 years$2,782$2,355$1,984$1,666$1,393$1,040
17 years$2,591$2,169$1,806$1,496$1,235$902
18 years$2,422$2,004$1,648$1,349$1,098$784
19 years$2,271$1,857$1,509$1,219$979$683
20 years$2,134$1,726$1,385$1,104$874$596
21 years$2,011$1,608$1,274$1,002$782$521
22 years$1,900$1,501$1,174$911$701$456
23 years$1,798$1,404$1,084$829$630$400
24 years$1,705$1,315$1,003$756$566$351
25 years$1,619$1,234$929$691$509$308
26 years$1,540$1,160$861$632$459$270
27 years$1,467$1,092$800$578$414$238
28 years$1,400$1,029$743$530$373$209
29 years$1,337$970$692$486$337$184
30 years$1,278$916$644$446$304$162
31 years$1,224$866$601$409$275$143
32 years$1,173$820$561$376$249$126
33 years$1,125$776$523$346$225$111
34 years$1,080$736$489$318$204$98
35 years$1,037$698$457$293$185$86
36 years$997$662$428$270$167$76
37 years$960$629$400$249$152$67
38 years$924$598$375$229$138$59
39 years$890$569$351$211$125$52
40 years$859$541$329$195$113$46
41 years$828$515$309$180$103$41
42 years$800$490$290$166$93$36
43 years$772$467$272$153$85$32
44 years$746$445$255$141$77$28
45 years$721$425$239$131$70$25
46 years$698$405$225$121$63$22
47 years$675$387$211$112$57$19
48 years$654$369$199$103$52$17
49 years$633$352$187$95$47$15
50 years$613$337$175$88$43$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $628,000, adding $3,298 every year, while hoping to spend $40,553 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: 67/21/12 Blend
68$628,000$628,000$628,000$628,000
69$695,458$662,174$652,440$739,989
70$723,247$651,472$631,149$759,356
71$752,510$638,887$607,785$775,405
72$783,357$624,283$582,236$791,911
73$815,904$607,518$554,386$808,914
74$850,280$588,439$524,111$826,460
75$886,622$566,887$491,283$844,602
76$925,085$542,692$455,768$863,397
77$965,834$515,674$417,426$882,911
78$1,009,050$485,643$376,111$903,220
79$1,054,932$452,399$331,670$924,406
80$1,103,698$415,729$283,944$946,563
81$1,155,584$375,409$232,765$969,796
82$1,210,851$331,201$177,960$994,225
83$1,269,783$282,855$119,347$1,019,981
84$1,332,693$230,107$56,737$1,047,212
85$1,399,921$172,675$0$1,076,086
86$1,471,841$110,265$0$1,108,078
87$1,548,866$42,564$0$1,149,942
88$1,631,444$0$0$1,194,665
89$1,720,069$0$0$1,249,644
90$1,815,285$0$0$1,319,304
91$1,917,685$0$0$1,394,249
92$2,027,923$0$0$1,474,959
93$2,146,716$0$0$1,561,966
94$2,274,852$0$0$1,655,848
95$2,413,197$0$0$1,757,245
96$2,562,702$0$0$1,866,858
97$2,724,413$0$0$1,985,459
98$2,899,477$0$0$2,113,895
99$3,089,160$0$0$2,253,097
100$3,294,849$0$0$2,404,092