Can I retire at age 69 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$52,768$52,298$51,839$51,392$50,955$50,256
2 years$26,123$25,636$25,165$24,708$24,264$23,561
3 years$17,242$16,754$16,283$15,830$15,394$14,709
4 years$12,803$12,316$11,850$11,405$10,979$10,317
5 years$10,140$9,656$9,196$8,760$8,346$7,709
6 years$8,365$7,885$7,432$7,005$6,604$5,993
7 years$7,098$6,621$6,176$5,760$5,371$4,786
8 years$6,148$5,676$5,238$4,832$4,456$3,896
9 years$5,410$4,942$4,511$4,115$3,752$3,219
10 years$4,819$4,356$3,933$3,548$3,197$2,689
11 years$4,336$3,878$3,463$3,087$2,750$2,266
12 years$3,934$3,481$3,073$2,708$2,383$1,924
13 years$3,594$3,145$2,745$2,391$2,078$1,642
14 years$3,303$2,859$2,467$2,122$1,821$1,409
15 years$3,051$2,612$2,227$1,893$1,604$1,214
16 years$2,831$2,396$2,019$1,695$1,417$1,049
17 years$2,637$2,207$1,837$1,523$1,257$909
18 years$2,464$2,039$1,677$1,372$1,117$790
19 years$2,310$1,890$1,536$1,240$996$687
20 years$2,172$1,756$1,409$1,123$890$599
21 years$2,047$1,636$1,296$1,019$796$524
22 years$1,933$1,527$1,195$927$714$458
23 years$1,829$1,428$1,103$844$641$401
24 years$1,735$1,338$1,020$770$576$351
25 years$1,647$1,256$945$703$518$308
26 years$1,567$1,180$876$643$467$271
27 years$1,493$1,111$814$588$421$238
28 years$1,424$1,047$756$539$380$209
29 years$1,360$987$704$494$343$184
30 years$1,301$932$656$454$310$162
31 years$1,245$882$611$417$280$142
32 years$1,193$834$570$383$253$125
33 years$1,144$790$533$352$229$110
34 years$1,099$749$498$324$208$97
35 years$1,055$710$465$298$188$86
36 years$1,015$674$435$275$170$75
37 years$977$640$407$253$154$67
38 years$940$608$381$233$140$59
39 years$906$578$357$215$127$52
40 years$874$550$335$198$115$46
41 years$843$524$314$183$104$40
42 years$814$499$295$169$95$35
43 years$786$475$276$156$86$31
44 years$759$453$260$144$78$28
45 years$734$432$244$133$71$24
46 years$710$412$229$123$64$21
47 years$687$393$215$113$58$19
48 years$665$376$202$105$53$17
49 years$644$359$190$97$48$15
50 years$624$343$179$90$44$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $639,000, adding $2,077 every year, while hoping to spend $49,616 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: 58/17/25 Blend
68$639,000$639,000$639,000$639,000
69$706,320$672,453$662,549$742,394
70$725,574$652,613$631,953$747,424
71$745,129$630,137$598,670$747,441
72$764,963$604,844$562,556$746,407
73$785,050$576,543$523,463$744,233
74$805,362$545,030$481,235$740,823
75$825,862$510,090$435,710$736,076
76$846,512$471,496$386,719$729,881
77$867,265$429,009$334,083$722,121
78$888,069$382,373$277,617$712,669
79$908,864$331,321$217,129$701,389
80$929,581$275,569$152,416$688,135
81$950,144$214,817$83,268$672,750
82$970,465$148,750$9,464$655,065
83$990,447$77,033$0$634,899
84$1,009,978$0$0$630,541
85$1,028,934$0$0$627,320
86$1,047,175$0$0$638,024
87$1,064,546$0$0$648,141
88$1,080,871$0$0$657,559
89$1,095,955$0$0$666,152
90$1,109,580$0$0$673,779
91$1,121,503$0$0$680,283
92$1,131,453$0$0$685,492
93$1,139,127$0$0$689,210
94$1,144,190$0$0$691,221
95$1,146,270$0$0$691,287
96$1,144,950$0$0$689,141
97$1,139,772$0$0$684,487
98$1,130,223$0$0$676,998
99$1,115,738$0$0$666,309
100$1,095,687$0$0$652,019