Can I retire at age 69 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$52,438$51,971$51,515$51,070$50,636$49,634
2 years$25,959$25,476$25,007$24,553$24,112$23,107
3 years$17,134$16,649$16,181$15,731$15,298$14,321
4 years$12,723$12,239$11,776$11,334$10,911$9,969
5 years$10,076$9,595$9,139$8,705$8,294$7,391
6 years$8,313$7,835$7,385$6,962$6,563$5,699
7 years$7,053$6,580$6,137$5,724$5,337$4,513
8 years$6,110$5,640$5,205$4,801$4,428$3,642
9 years$5,376$4,911$4,483$4,090$3,729$2,982
10 years$4,789$4,329$3,908$3,525$3,177$2,469
11 years$4,309$3,854$3,441$3,068$2,732$2,061
12 years$3,910$3,459$3,054$2,691$2,368$1,733
13 years$3,572$3,126$2,728$2,376$2,065$1,465
14 years$3,283$2,841$2,451$2,109$1,810$1,244
15 years$3,032$2,595$2,213$1,881$1,594$1,060
16 years$2,813$2,381$2,007$1,684$1,409$907
17 years$2,620$2,193$1,826$1,513$1,249$778
18 years$2,449$2,027$1,667$1,364$1,110$668
19 years$2,296$1,878$1,526$1,232$990$575
20 years$2,158$1,745$1,400$1,116$884$496
21 years$2,034$1,626$1,288$1,013$791$428
22 years$1,921$1,517$1,187$921$709$370
23 years$1,818$1,419$1,096$839$637$321
24 years$1,724$1,330$1,014$765$572$278
25 years$1,637$1,248$939$699$515$241
26 years$1,557$1,173$871$639$464$209
27 years$1,484$1,104$809$585$418$181
28 years$1,415$1,040$752$536$377$157
29 years$1,352$981$700$491$341$137
30 years$1,293$927$652$451$308$119
31 years$1,237$876$607$414$278$103
32 years$1,186$829$567$381$252$90
33 years$1,137$785$529$350$228$78
34 years$1,092$744$494$322$206$68
35 years$1,049$706$462$296$187$59
36 years$1,009$670$432$273$169$51
37 years$970$636$405$251$153$45
38 years$934$605$379$232$139$39
39 years$900$575$355$214$126$34
40 years$868$547$333$197$114$30
41 years$838$521$312$182$104$26
42 years$808$496$293$168$94$22
43 years$781$472$275$155$85$19
44 years$754$450$258$143$78$17
45 years$729$429$242$132$70$15
46 years$705$410$227$122$64$13
47 years$683$391$214$113$58$11
48 years$661$373$201$104$53$10
49 years$640$356$189$96$48$8
50 years$620$340$177$89$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $635,000, adding $5,767 every year, while hoping to spend $38,647 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: 46/36/18 Blend
68$635,000$635,000$635,000$635,000
69$705,719$672,064$662,221$734,314
70$736,582$663,875$643,285$746,667
71$769,298$653,989$622,420$755,728
72$804,015$642,283$599,520$764,740
73$840,895$628,625$574,474$773,715
74$880,115$612,877$547,168$782,670
75$921,869$594,890$517,480$791,624
76$966,369$574,510$485,286$800,604
77$1,013,848$551,570$450,452$809,639
78$1,064,561$525,897$412,843$818,769
79$1,118,787$497,307$372,313$828,037
80$1,176,831$465,603$328,714$837,498
81$1,239,029$430,579$281,887$847,215
82$1,305,750$392,017$231,670$857,261
83$1,377,397$349,686$177,892$867,723
84$1,454,414$303,343$120,373$878,700
85$1,537,286$252,729$58,928$890,306
86$1,626,549$197,573$0$902,674
87$1,722,790$137,586$0$917,232
88$1,826,652$72,466$0$945,037
89$1,938,845$1,891$0$974,996
90$2,060,146$0$0$1,007,377
91$2,191,411$0$0$1,071,981
92$2,333,582$0$0$1,142,825
93$2,487,691$0$0$1,219,683
94$2,654,875$0$0$1,303,129
95$2,836,386$0$0$1,393,796
96$3,033,599$0$0$1,492,380
97$3,248,026$0$0$1,599,647
98$3,481,332$0$0$1,716,439
99$3,735,349$0$0$1,843,683
100$4,012,091$0$0$1,982,399