Can I retire at age 69 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$53,098$52,625$52,164$51,714$51,274$49,872
2 years$26,286$25,797$25,322$24,862$24,416$23,014
3 years$17,350$16,858$16,385$15,929$15,491$14,133
4 years$12,883$12,393$11,924$11,476$11,048$9,744
5 years$10,203$9,716$9,254$8,815$8,399$7,152
6 years$8,417$7,934$7,478$7,049$6,645$5,458
7 years$7,142$6,663$6,215$5,796$5,405$4,276
8 years$6,186$5,711$5,270$4,862$4,484$3,413
9 years$5,443$4,973$4,539$4,141$3,776$2,763
10 years$4,849$4,383$3,958$3,570$3,217$2,260
11 years$4,364$3,902$3,484$3,107$2,767$1,864
12 years$3,959$3,502$3,092$2,725$2,398$1,548
13 years$3,617$3,165$2,763$2,406$2,091$1,292
14 years$3,324$2,877$2,482$2,136$1,833$1,083
15 years$3,070$2,628$2,241$1,905$1,614$911
16 years$2,849$2,411$2,032$1,705$1,426$769
17 years$2,653$2,221$1,849$1,532$1,265$650
18 years$2,480$2,052$1,688$1,381$1,124$551
19 years$2,325$1,902$1,545$1,248$1,002$468
20 years$2,185$1,767$1,418$1,130$895$398
21 years$2,059$1,646$1,304$1,026$801$338
22 years$1,945$1,537$1,202$933$718$288
23 years$1,841$1,437$1,110$849$645$246
24 years$1,745$1,347$1,027$775$579$210
25 years$1,658$1,264$951$707$521$179
26 years$1,577$1,188$882$647$470$153
27 years$1,502$1,118$819$592$423$131
28 years$1,433$1,053$761$542$382$112
29 years$1,369$994$708$497$345$96
30 years$1,309$938$660$456$312$82
31 years$1,253$887$615$419$282$70
32 years$1,201$839$574$385$255$60
33 years$1,152$795$536$354$231$51
34 years$1,105$753$501$326$209$44
35 years$1,062$715$468$300$189$38
36 years$1,021$678$438$276$171$32
37 years$983$644$410$255$155$28
38 years$946$612$384$235$141$24
39 years$912$582$360$216$128$20
40 years$879$554$337$200$116$17
41 years$848$527$316$184$105$15
42 years$819$502$296$170$95$13
43 years$791$478$278$157$87$11
44 years$764$456$261$145$79$9
45 years$739$435$245$134$71$8
46 years$714$415$230$124$65$7
47 years$691$396$216$114$59$6
48 years$669$378$203$106$53$5
49 years$648$361$191$98$49$4
50 years$628$345$180$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $643,000, adding $6,106 every year, while hoping to spend $41,115 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: 46/38/16 Blend
68$643,000$643,000$643,000$643,000
69$714,884$680,805$670,839$744,255
70$744,057$670,419$649,566$754,933
71$774,826$658,145$626,202$761,873
72$807,313$643,849$600,635$768,515
73$841,647$627,386$572,744$774,849
74$877,971$608,604$542,407$780,867
75$916,440$587,341$509,494$786,560
76$957,224$563,428$473,869$791,925
77$1,000,508$536,683$435,390$796,960
78$1,046,495$506,915$393,911$801,668
79$1,095,406$473,923$349,276$806,055
80$1,147,485$437,492$301,324$810,132
81$1,202,996$397,398$249,886$813,917
82$1,262,232$353,400$194,787$817,433
83$1,325,510$305,247$135,843$820,710
84$1,393,180$252,672$72,862$823,788
85$1,465,626$195,394$5,644$826,715
86$1,543,266$133,115$0$829,552
87$1,626,563$65,521$0$843,654
88$1,716,021$0$0$859,587
89$1,812,195$0$0$879,754
90$1,915,696$0$0$930,996
91$2,027,191$0$0$986,251
92$2,147,415$0$0$1,045,892
93$2,277,176$0$0$1,110,326
94$2,417,361$0$0$1,180,002
95$2,568,943$0$0$1,255,412
96$2,732,995$0$0$1,337,098
97$2,910,694$0$0$1,425,655
98$3,103,335$0$0$1,521,739
99$3,312,341$0$0$1,626,069
100$3,539,278$0$0$1,739,438