Can I retire at age 69 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$52,603$52,134$51,677$51,231$50,795$49,688
2 years$26,041$25,556$25,086$24,630$24,188$23,079
3 years$17,188$16,701$16,232$15,781$15,346$14,268
4 years$12,763$12,277$11,813$11,369$10,945$9,908
5 years$10,108$9,625$9,167$8,733$8,320$7,326
6 years$8,339$7,860$7,409$6,984$6,583$5,633
7 years$7,076$6,601$6,157$5,742$5,354$4,448
8 years$6,129$5,658$5,221$4,816$4,442$3,580
9 years$5,393$4,926$4,497$4,103$3,741$2,922
10 years$4,804$4,342$3,921$3,536$3,187$2,412
11 years$4,323$3,866$3,452$3,078$2,741$2,007
12 years$3,922$3,470$3,063$2,700$2,375$1,682
13 years$3,583$3,136$2,737$2,383$2,071$1,417
14 years$3,293$2,850$2,459$2,116$1,816$1,199
15 years$3,042$2,604$2,220$1,887$1,599$1,019
16 years$2,822$2,389$2,013$1,689$1,413$868
17 years$2,629$2,200$1,832$1,518$1,253$742
18 years$2,457$2,033$1,672$1,368$1,114$635
19 years$2,303$1,884$1,531$1,236$993$545
20 years$2,165$1,751$1,405$1,120$887$468
21 years$2,040$1,631$1,292$1,016$794$403
22 years$1,927$1,522$1,191$924$711$347
23 years$1,824$1,424$1,100$841$639$299
24 years$1,729$1,334$1,017$767$574$258
25 years$1,642$1,252$942$701$516$223
26 years$1,562$1,177$874$641$465$192
27 years$1,488$1,107$811$586$419$166
28 years$1,420$1,043$754$537$378$144
29 years$1,356$984$702$493$342$124
30 years$1,297$930$654$452$309$108
31 years$1,241$879$609$415$279$93
32 years$1,189$831$569$382$253$81
33 years$1,141$787$531$351$229$70
34 years$1,095$746$496$323$207$61
35 years$1,052$708$464$297$187$52
36 years$1,012$672$434$274$170$45
37 years$974$638$406$252$154$39
38 years$937$606$380$233$140$34
39 years$903$577$356$214$127$30
40 years$871$549$334$198$115$26
41 years$840$522$313$182$104$22
42 years$811$497$294$168$94$19
43 years$783$474$276$155$86$17
44 years$757$452$259$144$78$14
45 years$732$431$243$133$71$13
46 years$708$411$228$122$64$11
47 years$685$392$214$113$58$9
48 years$663$374$201$105$53$8
49 years$642$357$189$97$48$7
50 years$622$341$178$89$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $637,000, adding $3,402 every year, while hoping to spend $44,992 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: 39/44/17 Blend
68$637,000$637,000$637,000$637,000
69$705,483$671,722$661,849$729,291
70$729,571$656,765$636,149$731,669
71$754,608$639,568$608,081$729,662
72$780,644$619,972$577,518$726,541
73$807,731$597,812$544,325$722,230
74$835,925$572,911$508,366$716,647
75$865,289$545,082$469,496$709,707
76$895,886$514,129$427,562$701,321
77$927,788$479,843$382,407$691,396
78$961,071$442,004$333,866$679,832
79$995,816$400,378$281,766$666,527
80$1,032,111$354,718$225,927$651,375
81$1,070,052$304,765$166,161$634,262
82$1,109,742$250,244$102,273$615,072
83$1,151,293$190,863$34,056$593,683
84$1,194,825$126,315$0$569,968
85$1,240,470$56,277$0$550,821
86$1,288,369$0$0$536,128
87$1,338,677$0$0$529,089
88$1,391,562$0$0$550,361
89$1,447,205$0$0$572,772
90$1,505,806$0$0$596,408
91$1,567,581$0$0$621,358
92$1,632,764$0$0$647,723
93$1,701,612$0$0$675,612
94$1,774,405$0$0$705,142
95$1,851,449$0$0$736,444
96$1,933,078$0$0$769,659
97$2,019,655$0$0$804,943
98$2,111,579$0$0$842,463
99$2,209,286$0$0$882,407
100$2,313,252$0$0$924,975