Can I retire at age 69 with 630,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$52,025$51,561$51,109$50,668$50,237$48,923
2 years$25,755$25,275$24,810$24,360$23,922$22,608
3 years$16,999$16,518$16,054$15,607$15,177$13,903
4 years$12,622$12,142$11,683$11,244$10,825$9,600
5 years$9,997$9,520$9,067$8,637$8,229$7,058
6 years$8,247$7,773$7,327$6,907$6,511$5,395
7 years$6,998$6,528$6,089$5,678$5,295$4,234
8 years$6,061$5,596$5,164$4,764$4,393$3,385
9 years$5,333$4,872$4,448$4,057$3,699$2,745
10 years$4,751$4,295$3,878$3,498$3,152$2,250
11 years$4,275$3,823$3,414$3,044$2,711$1,860
12 years$3,879$3,432$3,030$2,670$2,349$1,547
13 years$3,544$3,101$2,707$2,357$2,049$1,294
14 years$3,257$2,819$2,432$2,092$1,796$1,087
15 years$3,008$2,575$2,196$1,866$1,581$916
16 years$2,791$2,363$1,991$1,671$1,397$775
17 years$2,600$2,176$1,812$1,501$1,239$657
18 years$2,430$2,011$1,654$1,353$1,102$558
19 years$2,278$1,863$1,514$1,222$982$474
20 years$2,141$1,732$1,389$1,107$877$404
21 years$2,018$1,613$1,278$1,005$785$345
22 years$1,906$1,506$1,178$914$704$294
23 years$1,804$1,408$1,088$832$632$252
24 years$1,710$1,319$1,006$759$568$215
25 years$1,624$1,238$932$693$511$184
26 years$1,545$1,164$864$634$460$158
27 years$1,472$1,095$802$580$415$135
28 years$1,404$1,032$746$531$374$116
29 years$1,341$973$694$487$338$99
30 years$1,282$919$646$447$305$85
31 years$1,228$869$603$411$276$73
32 years$1,176$822$562$378$250$63
33 years$1,128$779$525$347$226$54
34 years$1,083$738$491$319$205$46
35 years$1,041$700$459$294$185$40
36 years$1,001$664$429$271$168$34
37 years$963$631$402$250$152$29
38 years$927$600$376$230$138$25
39 years$893$570$352$212$125$22
40 years$861$543$330$196$114$19
41 years$831$517$310$180$103$16
42 years$802$492$290$167$93$14
43 years$775$469$273$154$85$12
44 years$749$447$256$142$77$10
45 years$724$426$240$131$70$9
46 years$700$406$226$121$63$7
47 years$677$388$212$112$58$6
48 years$656$370$199$103$52$5
49 years$635$354$187$96$48$5
50 years$615$338$176$88$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $630,000, adding $3,498 every year, while hoping to spend $45,908 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: 82/6/12 Blend
68$630,000$630,000$630,000$630,000
69$697,868$664,478$654,713$753,314
70$720,205$648,192$627,800$773,888
71$743,281$629,569$598,447$790,068
72$767,125$608,446$566,524$806,469
73$791,763$584,651$531,894$823,089
74$817,225$558,002$494,415$839,925
75$843,543$528,305$453,939$856,976
76$870,749$495,356$410,310$874,238
77$898,876$458,939$363,366$891,709
78$927,960$418,827$312,938$909,385
79$958,039$374,776$258,848$927,264
80$989,153$326,533$200,913$945,342
81$1,021,341$273,828$138,938$963,615
82$1,054,649$216,377$72,723$982,081
83$1,089,121$153,878$2,058$1,000,737
84$1,124,807$86,013$0$1,019,578
85$1,161,758$12,449$0$1,047,995
86$1,200,028$0$0$1,077,484
87$1,239,674$0$0$1,112,244
88$1,280,757$0$0$1,149,118
89$1,323,342$0$0$1,187,340
90$1,367,496$0$0$1,226,972
91$1,413,293$0$0$1,268,081
92$1,460,811$0$0$1,310,735
93$1,510,131$0$0$1,355,009
94$1,561,342$0$0$1,400,983
95$1,614,537$0$0$1,448,740
96$1,669,818$0$0$1,498,372
97$1,727,290$0$0$1,549,975
98$1,787,071$0$0$1,603,652
99$1,849,282$0$0$1,659,515
100$1,914,056$0$0$1,717,684