Can I retire at age 69 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$53,016$52,544$52,083$51,633$51,194$50,978
2 years$26,245$25,757$25,283$24,824$24,378$24,160
3 years$17,323$16,832$16,360$15,905$15,466$15,253
4 years$12,863$12,373$11,906$11,458$11,031$10,824
5 years$10,187$9,701$9,239$8,801$8,385$8,186
6 years$8,404$7,922$7,467$7,038$6,635$6,442
7 years$7,131$6,653$6,205$5,787$5,396$5,211
8 years$6,177$5,702$5,262$4,854$4,477$4,299
9 years$5,435$4,965$4,532$4,135$3,770$3,599
10 years$4,842$4,376$3,951$3,564$3,212$3,049
11 years$4,357$3,896$3,479$3,102$2,763$2,606
12 years$3,953$3,497$3,087$2,721$2,394$2,244
13 years$3,611$3,160$2,758$2,402$2,088$1,945
14 years$3,319$2,873$2,478$2,132$1,830$1,694
15 years$3,066$2,624$2,238$1,902$1,611$1,482
16 years$2,844$2,408$2,029$1,703$1,424$1,301
17 years$2,649$2,217$1,846$1,530$1,263$1,146
18 years$2,476$2,049$1,685$1,379$1,123$1,012
19 years$2,321$1,899$1,543$1,246$1,001$895
20 years$2,182$1,765$1,416$1,128$894$794
21 years$2,056$1,644$1,302$1,024$800$705
22 years$1,942$1,534$1,200$931$717$628
23 years$1,838$1,435$1,108$848$644$559
24 years$1,743$1,344$1,025$773$578$499
25 years$1,655$1,262$949$706$521$446
26 years$1,575$1,186$880$646$469$398
27 years$1,500$1,116$818$591$423$356
28 years$1,431$1,052$760$542$381$319
29 years$1,367$992$707$497$344$286
30 years$1,307$937$659$456$311$256
31 years$1,251$886$614$419$281$230
32 years$1,199$838$573$385$255$206
33 years$1,150$794$535$354$230$185
34 years$1,104$752$500$326$209$166
35 years$1,060$713$467$300$189$149
36 years$1,020$677$437$276$171$134
37 years$981$643$409$254$155$121
38 years$945$611$383$234$141$108
39 years$910$581$359$216$128$97
40 years$878$553$337$199$116$88
41 years$847$526$316$184$105$79
42 years$817$501$296$170$95$71
43 years$789$478$278$157$86$64
44 years$763$455$261$145$78$57
45 years$737$434$245$134$71$52
46 years$713$414$230$123$65$47
47 years$690$395$216$114$59$42
48 years$668$377$203$105$53$38
49 years$647$360$191$97$48$34
50 years$627$344$179$90$44$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $642,000, adding $4,719 every year, while hoping to spend $30,830 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: 31/39/30 Blend
68$642,000$642,000$642,000$642,000
69$712,352$678,326$668,375$727,797
70$752,209$678,761$657,962$740,652
71$795,098$678,184$646,168$751,474
72$841,296$676,513$632,912$762,527
73$891,106$673,661$618,114$773,855
74$944,864$669,534$601,685$785,507
75$1,002,935$664,036$583,536$797,540
76$1,065,722$657,062$563,573$810,020
77$1,133,669$648,502$541,696$823,023
78$1,207,263$638,238$517,803$836,635
79$1,287,040$626,147$491,784$850,955
80$1,373,587$612,098$463,529$866,096
81$1,467,553$595,951$432,917$882,186
82$1,569,651$577,560$399,827$899,369
83$1,680,663$556,768$364,129$917,810
84$1,801,452$533,411$325,689$937,694
85$1,932,967$507,315$284,366$959,230
86$2,076,250$478,294$240,013$982,654
87$2,232,452$446,154$192,477$1,008,232
88$2,402,835$410,689$141,598$1,036,260
89$2,588,791$371,680$87,209$1,067,074
90$2,791,853$328,897$29,135$1,101,048
91$3,013,705$282,096$0$1,138,603
92$3,256,204$231,020$0$1,190,720
93$3,521,394$175,398$0$1,258,049
94$3,811,525$114,940$0$1,331,904
95$4,129,074$49,346$0$1,413,007
96$4,476,769$0$0$1,502,160
97$4,857,615$0$0$1,609,563
98$5,274,920$0$0$1,750,551
99$5,732,327$0$0$1,905,190
100$6,233,850$0$0$2,074,848