Can I retire at age 69 with 643,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.5%
1 years$53,098$52,625$52,164$51,714$51,274$50,116
2 years$26,286$25,797$25,322$24,862$24,416$23,256
3 years$17,350$16,858$16,385$15,929$15,491$14,364
4 years$12,883$12,393$11,924$11,476$11,048$9,964
5 years$10,203$9,716$9,254$8,815$8,399$7,360
6 years$8,417$7,934$7,478$7,049$6,645$5,653
7 years$7,142$6,663$6,215$5,796$5,405$4,459
8 years$6,186$5,711$5,270$4,862$4,484$3,585
9 years$5,443$4,973$4,539$4,141$3,776$2,923
10 years$4,849$4,383$3,958$3,570$3,217$2,409
11 years$4,364$3,902$3,484$3,107$2,767$2,002
12 years$3,959$3,502$3,092$2,725$2,398$1,676
13 years$3,617$3,165$2,763$2,406$2,091$1,410
14 years$3,324$2,877$2,482$2,136$1,833$1,192
15 years$3,070$2,628$2,241$1,905$1,614$1,011
16 years$2,849$2,411$2,032$1,705$1,426$860
17 years$2,653$2,221$1,849$1,532$1,265$734
18 years$2,480$2,052$1,688$1,381$1,124$627
19 years$2,325$1,902$1,545$1,248$1,002$537
20 years$2,185$1,767$1,418$1,130$895$461
21 years$2,059$1,646$1,304$1,026$801$396
22 years$1,945$1,537$1,202$933$718$341
23 years$1,841$1,437$1,110$849$645$293
24 years$1,745$1,347$1,027$775$579$252
25 years$1,658$1,264$951$707$521$218
26 years$1,577$1,188$882$647$470$188
27 years$1,502$1,118$819$592$423$162
28 years$1,433$1,053$761$542$382$140
29 years$1,369$994$708$497$345$121
30 years$1,309$938$660$456$312$104
31 years$1,253$887$615$419$282$90
32 years$1,201$839$574$385$255$78
33 years$1,152$795$536$354$231$67
34 years$1,105$753$501$326$209$58
35 years$1,062$715$468$300$189$50
36 years$1,021$678$438$276$171$44
37 years$983$644$410$255$155$38
38 years$946$612$384$235$141$33
39 years$912$582$360$216$128$28
40 years$879$554$337$200$116$24
41 years$848$527$316$184$105$21
42 years$819$502$296$170$95$18
43 years$791$478$278$157$87$16
44 years$764$456$261$145$79$14
45 years$739$435$245$134$71$12
46 years$714$415$230$124$65$10
47 years$691$396$216$114$59$9
48 years$669$378$203$106$53$8
49 years$648$361$191$98$49$7
50 years$628$345$180$90$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $643,000, adding $5,597 every year, while hoping to spend $42,380 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: 45/42/13 Blend
68$643,000$643,000$643,000$643,000
69$714,359$680,280$670,314$743,620
70$742,132$668,522$647,677$752,773
71$771,317$654,767$622,862$757,953
72$802,014$638,873$595,750$762,634
73$834,330$620,689$566,219$766,788
74$868,384$600,055$534,140$770,385
75$904,304$576,802$499,378$773,396
76$942,229$550,751$461,793$775,793
77$982,311$521,713$421,237$777,548
78$1,024,716$489,487$377,559$778,635
79$1,069,627$453,861$330,597$779,030
80$1,117,240$414,612$280,183$778,709
81$1,167,774$371,503$226,144$777,652
82$1,221,464$324,284$168,297$775,843
83$1,278,569$272,690$106,451$773,267
84$1,339,374$216,442$40,408$769,915
85$1,404,188$155,245$0$765,785
86$1,473,351$88,788$0$765,049
87$1,547,236$16,742$0$769,798
88$1,626,250$0$0$774,470
89$1,710,842$0$0$807,430
90$1,801,502$0$0$851,098
91$1,898,767$0$0$898,000
92$2,003,230$0$0$948,430
93$2,115,537$0$0$1,002,707
94$2,236,401$0$0$1,061,182
95$2,366,604$0$0$1,124,242
96$2,507,002$0$0$1,192,311
97$2,658,540$0$0$1,265,855
98$2,822,253$0$0$1,345,386
99$2,999,281$0$0$1,431,467
100$3,190,873$0$0$1,524,718