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%12.9%
1 years$52,685$52,216$51,758$51,311$50,875$50,260
2 years$26,082$25,596$25,125$24,669$24,226$23,607
3 years$17,215$16,727$16,258$15,806$15,370$14,767
4 years$12,783$12,296$11,832$11,387$10,962$10,379
5 years$10,124$9,641$9,182$8,746$8,333$7,771
6 years$8,352$7,872$7,420$6,995$6,594$6,054
7 years$7,087$6,611$6,166$5,751$5,363$4,845
8 years$6,138$5,667$5,229$4,824$4,449$3,954
9 years$5,401$4,934$4,504$4,109$3,746$3,274
10 years$4,812$4,349$3,927$3,542$3,192$2,742
11 years$4,330$3,872$3,457$3,083$2,745$2,317
12 years$3,928$3,475$3,068$2,704$2,379$1,971
13 years$3,589$3,140$2,741$2,387$2,075$1,688
14 years$3,298$2,855$2,463$2,119$1,819$1,452
15 years$3,047$2,608$2,224$1,890$1,601$1,254
16 years$2,827$2,393$2,016$1,692$1,415$1,086
17 years$2,633$2,203$1,835$1,520$1,255$944
18 years$2,461$2,036$1,675$1,370$1,116$823
19 years$2,307$1,887$1,533$1,238$994$718
20 years$2,168$1,754$1,407$1,121$888$628
21 years$2,043$1,633$1,294$1,018$795$550
22 years$1,930$1,525$1,193$925$713$483
23 years$1,827$1,426$1,101$843$640$424
24 years$1,732$1,336$1,019$769$575$373
25 years$1,645$1,254$943$702$517$328
26 years$1,565$1,178$875$642$466$289
27 years$1,491$1,109$812$587$420$255
28 years$1,422$1,045$755$538$379$224
29 years$1,358$986$703$494$342$198
30 years$1,299$931$655$453$309$175
31 years$1,243$880$610$416$280$154
32 years$1,191$833$569$382$253$136
33 years$1,143$789$532$352$229$120
34 years$1,097$747$497$323$207$106
35 years$1,054$709$464$298$188$94
36 years$1,013$673$435$274$170$83
37 years$975$639$407$253$154$74
38 years$939$607$381$233$140$65
39 years$905$578$357$215$127$58
40 years$872$549$334$198$115$51
41 years$841$523$314$183$104$45
42 years$812$498$294$169$95$40
43 years$784$475$276$156$86$35
44 years$758$452$259$144$78$31
45 years$733$431$243$133$71$28
46 years$709$412$229$123$64$25
47 years$686$393$215$113$58$22
48 years$664$375$202$105$53$19
49 years$643$358$190$97$48$17
50 years$623$342$178$89$44$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $638,000, adding $2,303 every year, while hoping to spend $23,594 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: 63/22/15 Blend
68$638,000$638,000$638,000$638,000
69$705,452$671,638$661,749$747,165
70$752,304$679,444$658,813$783,239
71$803,144$686,842$654,989$819,713
72$858,355$693,787$650,221$858,972
73$918,355$700,231$644,452$901,289
74$983,608$706,123$637,621$946,961
75$1,054,621$711,408$629,667$996,321
76$1,131,954$716,029$620,522$1,049,733
77$1,216,223$719,924$610,119$1,107,600
78$1,308,104$723,027$598,385$1,170,365
79$1,408,344$725,268$585,244$1,238,519
80$1,517,764$726,575$570,618$1,312,602
81$1,637,265$726,866$554,423$1,393,210
82$1,767,844$726,060$536,574$1,481,002
83$1,910,594$724,067$516,979$1,576,702
84$2,066,721$720,793$495,545$1,681,111
85$2,237,552$716,138$472,171$1,795,112
86$2,424,549$709,995$446,756$1,919,680
87$2,629,321$702,253$419,190$2,055,889
88$2,853,640$692,792$389,361$2,204,924
89$3,099,458$681,485$357,151$2,368,093
90$3,368,923$668,198$322,436$2,546,838
91$3,664,403$652,790$285,088$2,742,750
92$3,988,506$635,110$244,972$2,957,584
93$4,344,103$615,000$201,947$3,193,275
94$4,734,357$592,290$155,868$3,451,958
95$5,162,752$566,803$106,580$3,735,986
96$5,633,126$538,350$53,924$4,047,956
97$6,149,707$506,731$0$4,390,731
98$6,717,153$471,737$0$4,767,834
99$7,340,594$433,143$0$5,191,616
100$8,025,682$390,714$0$5,657,307