Can I retire at age 69 with 630,000?

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 $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%13.3%
1 years$52,025$51,561$51,109$50,668$50,237$49,548
2 years$25,755$25,275$24,810$24,360$23,922$23,229
3 years$16,999$16,518$16,054$15,607$15,177$14,502
4 years$12,622$12,142$11,683$11,244$10,825$10,172
5 years$9,997$9,520$9,067$8,637$8,229$7,601
6 years$8,247$7,773$7,327$6,907$6,511$5,908
7 years$6,998$6,528$6,089$5,678$5,295$4,718
8 years$6,061$5,596$5,164$4,764$4,393$3,842
9 years$5,333$4,872$4,448$4,057$3,699$3,173
10 years$4,751$4,295$3,878$3,498$3,152$2,651
11 years$4,275$3,823$3,414$3,044$2,711$2,234
12 years$3,879$3,432$3,030$2,670$2,349$1,897
13 years$3,544$3,101$2,707$2,357$2,049$1,619
14 years$3,257$2,819$2,432$2,092$1,796$1,389
15 years$3,008$2,575$2,196$1,866$1,581$1,196
16 years$2,791$2,363$1,991$1,671$1,397$1,034
17 years$2,600$2,176$1,812$1,501$1,239$896
18 years$2,430$2,011$1,654$1,353$1,102$778
19 years$2,278$1,863$1,514$1,222$982$678
20 years$2,141$1,732$1,389$1,107$877$591
21 years$2,018$1,613$1,278$1,005$785$516
22 years$1,906$1,506$1,178$914$704$451
23 years$1,804$1,408$1,088$832$632$395
24 years$1,710$1,319$1,006$759$568$346
25 years$1,624$1,238$932$693$511$304
26 years$1,545$1,164$864$634$460$267
27 years$1,472$1,095$802$580$415$234
28 years$1,404$1,032$746$531$374$206
29 years$1,341$973$694$487$338$181
30 years$1,282$919$646$447$305$159
31 years$1,228$869$603$411$276$140
32 years$1,176$822$562$378$250$123
33 years$1,128$779$525$347$226$109
34 years$1,083$738$491$319$205$96
35 years$1,041$700$459$294$185$84
36 years$1,001$664$429$271$168$74
37 years$963$631$402$250$152$66
38 years$927$600$376$230$138$58
39 years$893$570$352$212$125$51
40 years$861$543$330$196$114$45
41 years$831$517$310$180$103$40
42 years$802$492$290$167$93$35
43 years$775$469$273$154$85$31
44 years$749$447$256$142$77$27
45 years$724$426$240$131$70$24
46 years$700$406$226$121$63$21
47 years$677$388$212$112$58$19
48 years$656$370$199$103$52$16
49 years$635$354$187$96$48$15
50 years$615$338$176$88$43$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $630,000, adding $5,341 every year, while hoping to spend $37,516 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: 37/45/18 Blend
68$630,000$630,000$630,000$630,000
69$699,769$666,379$656,614$721,676
70$731,229$659,115$638,694$730,730
71$764,640$650,238$618,916$736,566
72$800,162$639,628$597,179$742,083
73$837,970$627,161$573,375$747,274
74$878,254$612,703$547,395$752,132
75$921,224$596,113$519,120$756,655
76$967,108$577,242$488,430$760,843
77$1,016,158$555,932$455,197$764,700
78$1,068,648$532,015$419,289$768,236
79$1,124,881$505,315$380,566$771,463
80$1,185,188$475,644$338,884$774,402
81$1,249,932$442,805$294,091$777,078
82$1,319,510$406,588$246,028$779,528
83$1,394,362$366,772$194,532$781,793
84$1,474,966$323,124$139,428$783,927
85$1,561,852$275,395$80,538$785,996
86$1,655,597$223,326$17,672$788,077
87$1,756,839$166,640$0$790,264
88$1,866,277$105,046$0$802,157
89$1,984,681$38,237$0$818,634
90$2,112,895$0$0$836,487
91$2,251,850$0$0$872,825
92$2,402,565$0$0$932,849
93$2,566,166$0$0$998,083
94$2,743,889$0$0$1,069,028
95$2,937,092$0$0$1,146,237
96$3,147,272$0$0$1,230,318
97$3,376,074$0$0$1,321,942
98$3,625,308$0$0$1,421,845
99$3,896,969$0$0$1,530,837
100$4,193,248$0$0$1,649,811