Can I retire at age 69 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$53,181$52,707$52,245$51,794$51,353$50,358
2 years$26,327$25,837$25,362$24,901$24,454$23,455
3 years$17,377$16,885$16,411$15,954$15,515$14,543
4 years$12,903$12,412$11,943$11,494$11,065$10,129
5 years$10,219$9,731$9,268$8,829$8,412$7,513
6 years$8,431$7,946$7,490$7,060$6,656$5,796
7 years$7,153$6,673$6,224$5,805$5,413$4,593
8 years$6,196$5,720$5,279$4,869$4,491$3,709
9 years$5,452$4,980$4,546$4,148$3,782$3,039
10 years$4,857$4,390$3,964$3,575$3,222$2,517
11 years$4,370$3,908$3,490$3,112$2,771$2,103
12 years$3,965$3,508$3,097$2,729$2,401$1,769
13 years$3,623$3,170$2,767$2,410$2,094$1,496
14 years$3,329$2,881$2,486$2,139$1,836$1,272
15 years$3,075$2,632$2,245$1,908$1,616$1,085
16 years$2,853$2,415$2,035$1,708$1,428$928
17 years$2,657$2,224$1,852$1,535$1,267$797
18 years$2,484$2,055$1,690$1,383$1,126$685
19 years$2,328$1,905$1,548$1,250$1,004$590
20 years$2,189$1,770$1,420$1,132$897$509
21 years$2,063$1,649$1,306$1,027$802$440
22 years$1,948$1,539$1,204$934$719$381
23 years$1,844$1,439$1,112$851$646$330
24 years$1,748$1,349$1,028$776$580$286
25 years$1,660$1,266$952$708$522$248
26 years$1,579$1,189$883$648$470$215
27 years$1,505$1,119$820$593$424$187
28 years$1,435$1,055$762$543$383$163
29 years$1,371$995$709$498$346$141
30 years$1,311$940$661$457$312$123
31 years$1,255$888$616$420$282$107
32 years$1,202$841$575$386$255$93
33 years$1,153$796$537$355$231$81
34 years$1,107$754$501$327$209$71
35 years$1,064$716$469$301$189$61
36 years$1,023$679$439$277$172$53
37 years$984$645$411$255$156$47
38 years$948$613$384$235$141$41
39 years$913$583$360$217$128$35
40 years$880$555$338$200$116$31
41 years$849$528$317$184$105$27
42 years$820$503$297$170$96$23
43 years$792$479$279$157$87$20
44 years$765$457$262$145$79$18
45 years$740$435$246$134$71$15
46 years$715$415$231$124$65$13
47 years$692$396$217$114$59$12
48 years$670$378$204$106$53$10
49 years$649$361$191$98$49$9
50 years$629$345$180$90$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $644,000, adding $4,789 every year, while hoping to spend $36,234 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: 74/9/17 Blend
68$644,000$644,000$644,000$644,000
69$714,628$680,496$670,514$764,393
70$748,967$675,287$654,423$792,800
71$785,595$668,609$636,579$819,008
72$824,706$660,352$616,885$846,769
73$866,514$650,397$595,239$876,230
74$911,253$638,622$571,535$907,552
75$959,182$624,895$545,662$940,913
76$1,010,581$609,077$517,504$976,508
77$1,065,759$591,021$486,939$1,014,556
78$1,125,058$570,572$453,843$1,055,296
79$1,188,848$547,564$418,081$1,098,994
80$1,257,539$521,824$379,515$1,145,942
81$1,331,581$493,166$338,002$1,196,464
82$1,411,467$461,396$293,390$1,250,918
83$1,497,740$426,307$245,521$1,309,699
84$1,590,994$387,681$194,231$1,373,244
85$1,691,886$345,288$139,349$1,442,035
86$1,801,136$298,884$80,694$1,516,605
87$1,919,534$248,212$18,079$1,597,542
88$2,047,951$192,999$0$1,685,496
89$2,187,344$132,958$0$1,790,025
90$2,338,766$67,786$0$1,907,157
91$2,503,376$0$0$2,034,522
92$2,682,446$0$0$2,173,407
93$2,877,378$0$0$2,331,927
94$3,089,716$0$0$2,504,626
95$3,321,155$0$0$2,692,889
96$3,573,564$0$0$2,898,237
97$3,848,999$0$0$3,122,347
98$4,149,723$0$0$3,367,064
99$4,478,227$0$0$3,634,418
100$4,837,252$0$0$3,926,645