Can I retire at age 69 with 638,000?

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 $638,000?

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$52,685$52,216$51,758$51,311$50,875$49,766
2 years$26,082$25,596$25,125$24,669$24,226$23,115
3 years$17,215$16,727$16,258$15,806$15,370$14,291
4 years$12,783$12,296$11,832$11,387$10,962$9,923
5 years$10,124$9,641$9,182$8,746$8,333$7,337
6 years$8,352$7,872$7,420$6,995$6,594$5,642
7 years$7,087$6,611$6,166$5,751$5,363$4,455
8 years$6,138$5,667$5,229$4,824$4,449$3,586
9 years$5,401$4,934$4,504$4,109$3,746$2,927
10 years$4,812$4,349$3,927$3,542$3,192$2,415
11 years$4,330$3,872$3,457$3,083$2,745$2,010
12 years$3,928$3,475$3,068$2,704$2,379$1,685
13 years$3,589$3,140$2,741$2,387$2,075$1,419
14 years$3,298$2,855$2,463$2,119$1,819$1,201
15 years$3,047$2,608$2,224$1,890$1,601$1,020
16 years$2,827$2,393$2,016$1,692$1,415$870
17 years$2,633$2,203$1,835$1,520$1,255$743
18 years$2,461$2,036$1,675$1,370$1,116$636
19 years$2,307$1,887$1,533$1,238$994$546
20 years$2,168$1,754$1,407$1,121$888$469
21 years$2,043$1,633$1,294$1,018$795$403
22 years$1,930$1,525$1,193$925$713$347
23 years$1,827$1,426$1,101$843$640$299
24 years$1,732$1,336$1,019$769$575$258
25 years$1,645$1,254$943$702$517$223
26 years$1,565$1,178$875$642$466$193
27 years$1,491$1,109$812$587$420$167
28 years$1,422$1,045$755$538$379$144
29 years$1,358$986$703$494$342$125
30 years$1,299$931$655$453$309$108
31 years$1,243$880$610$416$280$93
32 years$1,191$833$569$382$253$81
33 years$1,143$789$532$352$229$70
34 years$1,097$747$497$323$207$61
35 years$1,054$709$464$298$188$53
36 years$1,013$673$435$274$170$46
37 years$975$639$407$253$154$39
38 years$939$607$381$233$140$34
39 years$905$578$357$215$127$30
40 years$872$549$334$198$115$26
41 years$841$523$314$183$104$22
42 years$812$498$294$169$95$19
43 years$784$475$276$156$86$17
44 years$758$452$259$144$78$15
45 years$733$431$243$133$71$13
46 years$709$412$229$123$64$11
47 years$686$393$215$113$58$9
48 years$664$375$202$105$53$8
49 years$643$358$190$97$48$7
50 years$623$342$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 $638,000, adding $2,224 every year, while hoping to spend $22,048 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: 33/50/17 Blend
68$638,000$638,000$638,000$638,000
69$705,370$671,556$661,667$724,851
70$753,859$681,003$660,374$748,857
71$806,555$690,175$658,299$772,513
72$863,863$699,033$655,392$797,538
73$926,231$707,539$651,601$824,065
74$994,149$715,652$646,872$852,240
75$1,068,158$723,325$641,148$882,226
76$1,148,854$730,511$634,370$914,205
77$1,236,890$737,159$626,475$948,377
78$1,332,988$743,215$617,397$984,964
79$1,437,940$748,620$607,067$1,024,212
80$1,552,621$753,313$595,415$1,066,393
81$1,677,992$757,229$582,365$1,111,811
82$1,815,111$760,297$567,838$1,160,799
83$1,965,144$762,444$551,753$1,213,728
84$2,129,375$763,590$534,022$1,271,009
85$2,309,217$763,651$514,557$1,333,095
86$2,506,225$762,538$493,263$1,400,489
87$2,722,115$760,157$470,043$1,473,749
88$2,958,774$756,408$444,792$1,553,489
89$3,218,280$751,183$417,404$1,640,391
90$3,502,924$744,371$387,766$1,735,210
91$3,815,227$735,850$355,762$1,838,778
92$4,157,968$725,495$321,267$1,952,017
93$4,534,207$713,170$284,156$2,075,949
94$4,947,314$698,733$244,293$2,211,700
95$5,401,003$682,033$201,539$2,360,517
96$5,899,363$662,911$155,749$2,523,778
97$6,446,901$641,196$106,769$2,703,007
98$7,048,580$616,711$54,441$2,899,886
99$7,709,870$589,264$0$3,116,276
100$8,436,795$558,656$0$3,354,487