Can I retire at age 69 with 633,000?

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 $633,000?

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$52,273$51,807$51,353$50,909$50,476$49,804
2 years$25,877$25,396$24,928$24,476$24,036$23,360
3 years$17,080$16,596$16,130$15,682$15,250$14,591
4 years$12,683$12,200$11,739$11,298$10,876$10,239
5 years$10,045$9,565$9,110$8,678$8,268$7,655
6 years$8,287$7,811$7,362$6,940$6,542$5,954
7 years$7,031$6,559$6,118$5,706$5,320$4,757
8 years$6,090$5,622$5,188$4,786$4,414$3,876
9 years$5,359$4,895$4,469$4,077$3,717$3,203
10 years$4,774$4,315$3,896$3,514$3,167$2,678
11 years$4,296$3,841$3,430$3,058$2,724$2,258
12 years$3,897$3,448$3,044$2,683$2,360$1,918
13 years$3,561$3,116$2,720$2,368$2,058$1,639
14 years$3,272$2,832$2,444$2,102$1,804$1,407
15 years$3,023$2,587$2,206$1,875$1,589$1,212
16 years$2,804$2,374$2,000$1,679$1,404$1,048
17 years$2,612$2,186$1,820$1,508$1,245$909
18 years$2,441$2,020$1,662$1,359$1,107$791
19 years$2,289$1,872$1,521$1,228$987$689
20 years$2,151$1,740$1,396$1,112$881$601
21 years$2,027$1,621$1,284$1,010$789$525
22 years$1,915$1,513$1,183$918$707$460
23 years$1,812$1,415$1,093$836$635$403
24 years$1,718$1,326$1,011$763$570$353
25 years$1,632$1,244$936$696$513$310
26 years$1,552$1,169$868$637$462$273
27 years$1,479$1,100$806$583$417$240
28 years$1,411$1,037$749$534$376$211
29 years$1,348$978$697$490$340$186
30 years$1,289$924$650$449$307$163
31 years$1,233$873$606$413$277$144
32 years$1,182$826$565$379$251$127
33 years$1,134$782$528$349$227$112
34 years$1,088$742$493$321$206$99
35 years$1,046$703$461$295$186$87
36 years$1,005$668$431$272$169$77
37 years$967$634$403$251$153$68
38 years$932$603$378$231$139$60
39 years$898$573$354$213$126$53
40 years$865$545$332$197$114$46
41 years$835$519$311$181$103$41
42 years$806$494$292$167$94$36
43 years$778$471$274$154$85$32
44 years$752$449$257$143$77$28
45 years$727$428$241$132$70$25
46 years$703$408$227$122$64$22
47 years$680$390$213$112$58$19
48 years$659$372$200$104$53$17
49 years$638$355$188$96$48$15
50 years$618$339$177$89$43$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $633,000, adding $6,582 every year, while hoping to spend $38,538 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: 26/49/25 Blend
68$633,000$633,000$633,000$633,000
69$704,355$670,806$660,995$716,998
70$735,195$662,672$642,134$719,595
71$767,890$652,847$621,350$718,618
72$802,586$641,208$598,537$716,761
73$839,448$627,625$573,586$713,975
74$878,651$611,959$546,381$710,210
75$920,392$594,063$516,802$705,414
76$964,881$573,781$484,725$699,537
77$1,012,353$550,950$450,017$692,527
78$1,063,062$525,396$412,541$684,333
79$1,117,288$496,934$372,155$674,903
80$1,175,337$465,370$328,708$664,186
81$1,237,546$430,497$282,045$652,132
82$1,304,284$392,100$232,001$638,694
83$1,375,955$349,947$178,407$623,826
84$1,453,003$303,795$121,085$607,482
85$1,535,917$253,388$59,848$589,624
86$1,625,231$198,455$0$570,216
87$1,721,533$138,708$0$550,693
88$1,825,470$73,845$0$546,697
89$1,937,751$3,546$0$542,283
90$2,059,156$0$0$537,502
91$2,190,544$0$0$571,522
92$2,332,855$0$0$610,529
93$2,487,126$0$0$652,908
94$2,654,498$0$0$698,982
95$2,836,222$0$0$749,110
96$3,033,677$0$0$803,684
97$3,248,380$0$0$863,137
98$3,481,999$0$0$927,944
99$3,736,369$0$0$998,630
100$4,013,509$0$0$1,075,771