Can I retire at age 69 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$53,263$52,789$52,326$51,874$51,433$51,002
2 years$26,368$25,877$25,401$24,940$24,492$24,058
3 years$17,404$16,911$16,436$15,979$15,539$15,114
4 years$12,923$12,431$11,961$11,512$11,082$10,671
5 years$10,235$9,746$9,282$8,842$8,425$8,028
6 years$8,444$7,959$7,502$7,071$6,666$6,285
7 years$7,165$6,684$6,234$5,814$5,421$5,055
8 years$6,206$5,729$5,287$4,877$4,498$4,147
9 years$5,460$4,988$4,554$4,154$3,788$3,452
10 years$4,864$4,397$3,970$3,581$3,227$2,906
11 years$4,377$3,914$3,495$3,116$2,775$2,469
12 years$3,971$3,513$3,102$2,734$2,405$2,113
13 years$3,628$3,175$2,771$2,413$2,097$1,820
14 years$3,334$2,886$2,490$2,142$1,839$1,575
15 years$3,080$2,636$2,248$1,911$1,619$1,368
16 years$2,858$2,419$2,038$1,711$1,431$1,193
17 years$2,662$2,228$1,855$1,537$1,269$1,043
18 years$2,488$2,058$1,693$1,385$1,128$915
19 years$2,332$1,908$1,550$1,252$1,005$804
20 years$2,192$1,773$1,422$1,134$898$708
21 years$2,066$1,651$1,308$1,029$804$624
22 years$1,951$1,541$1,206$935$720$551
23 years$1,847$1,442$1,113$852$647$488
24 years$1,751$1,351$1,030$777$581$432
25 years$1,663$1,268$954$710$523$383
26 years$1,582$1,191$885$649$471$339
27 years$1,507$1,121$821$594$425$301
28 years$1,438$1,056$764$544$383$267
29 years$1,373$997$711$499$346$238
30 years$1,313$941$662$458$313$211
31 years$1,257$890$617$421$283$188
32 years$1,204$842$576$387$256$167
33 years$1,155$797$538$355$231$149
34 years$1,109$756$502$327$210$133
35 years$1,065$717$470$301$190$118
36 years$1,024$680$439$277$172$105
37 years$986$646$411$255$156$94
38 years$949$614$385$235$141$84
39 years$915$584$361$217$128$75
40 years$882$556$338$200$116$66
41 years$851$529$317$185$105$59
42 years$821$504$297$171$96$53
43 years$793$480$279$157$87$47
44 years$766$457$262$145$79$42
45 years$741$436$246$134$72$38
46 years$717$416$231$124$65$34
47 years$693$397$217$115$59$30
48 years$671$379$204$106$54$27
49 years$650$362$192$98$49$24
50 years$630$346$180$90$44$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $645,000, adding $5,234 every year, while hoping to spend $41,854 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: 40/47/13 Blend
68$645,000$645,000$645,000$645,000
69$716,189$682,004$672,006$741,864
70$744,708$670,890$649,986$749,401
71$774,733$657,828$625,826$753,046
72$806,374$642,680$599,409$756,074
73$839,749$625,296$570,614$758,449
74$874,989$605,522$539,316$760,133
75$912,236$583,190$505,381$761,090
76$951,644$558,126$468,671$761,283
77$993,382$530,145$429,041$760,676
78$1,037,634$499,049$386,341$759,233
79$1,084,602$464,632$340,413$756,920
80$1,134,506$426,674$291,092$753,703
81$1,187,588$384,943$238,206$749,552
82$1,244,111$339,194$181,575$744,438
83$1,304,364$289,168$121,011$738,335
84$1,368,664$234,592$56,319$731,222
85$1,437,356$175,176$0$723,082
86$1,510,822$110,615$0$715,667
87$1,589,477$40,586$0$715,659
88$1,673,778$0$0$715,272
89$1,764,227$0$0$732,780
90$1,861,372$0$0$774,188
91$1,965,818$0$0$818,769
92$2,078,227$0$0$866,814
93$2,199,326$0$0$918,643
94$2,329,915$0$0$974,606
95$2,470,870$0$0$1,035,088
96$2,623,158$0$0$1,100,513
97$2,787,837$0$0$1,171,346
98$2,966,072$0$0$1,248,100
99$3,159,144$0$0$1,331,337
100$3,368,462$0$0$1,421,676