Can I retire at age 69 with 645,000?

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 $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%14.6%
1 years$53,263$52,789$52,326$51,874$51,433$50,457
2 years$26,368$25,877$25,401$24,940$24,492$23,512
3 years$17,404$16,911$16,436$15,979$15,539$14,586
4 years$12,923$12,431$11,961$11,512$11,082$10,164
5 years$10,235$9,746$9,282$8,842$8,425$7,543
6 years$8,444$7,959$7,502$7,071$6,666$5,823
7 years$7,165$6,684$6,234$5,814$5,421$4,616
8 years$6,206$5,729$5,287$4,877$4,498$3,730
9 years$5,460$4,988$4,554$4,154$3,788$3,058
10 years$4,864$4,397$3,970$3,581$3,227$2,534
11 years$4,377$3,914$3,495$3,116$2,775$2,118
12 years$3,971$3,513$3,102$2,734$2,405$1,783
13 years$3,628$3,175$2,771$2,413$2,097$1,509
14 years$3,334$2,886$2,490$2,142$1,839$1,284
15 years$3,080$2,636$2,248$1,911$1,619$1,096
16 years$2,858$2,419$2,038$1,711$1,431$938
17 years$2,662$2,228$1,855$1,537$1,269$806
18 years$2,488$2,058$1,693$1,385$1,128$693
19 years$2,332$1,908$1,550$1,252$1,005$598
20 years$2,192$1,773$1,422$1,134$898$516
21 years$2,066$1,651$1,308$1,029$804$447
22 years$1,951$1,541$1,206$935$720$387
23 years$1,847$1,442$1,113$852$647$335
24 years$1,751$1,351$1,030$777$581$291
25 years$1,663$1,268$954$710$523$253
26 years$1,582$1,191$885$649$471$219
27 years$1,507$1,121$821$594$425$191
28 years$1,438$1,056$764$544$383$166
29 years$1,373$997$711$499$346$144
30 years$1,313$941$662$458$313$126
31 years$1,257$890$617$421$283$109
32 years$1,204$842$576$387$256$95
33 years$1,155$797$538$355$231$83
34 years$1,109$756$502$327$210$72
35 years$1,065$717$470$301$190$63
36 years$1,024$680$439$277$172$55
37 years$986$646$411$255$156$48
38 years$949$614$385$235$141$42
39 years$915$584$361$217$128$36
40 years$882$556$338$200$116$32
41 years$851$529$317$185$105$28
42 years$821$504$297$171$96$24
43 years$793$480$279$157$87$21
44 years$766$457$262$145$79$18
45 years$741$436$246$134$72$16
46 years$717$416$231$124$65$14
47 years$693$397$217$115$59$12
48 years$671$379$204$106$54$11
49 years$650$362$192$98$49$9
50 years$630$346$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 $645,000, adding $2,048 every year, while hoping to spend $49,190 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: 43/39/18 Blend
68$645,000$645,000$645,000$645,000
69$712,903$678,718$668,720$739,742
70$733,281$659,637$638,784$739,781
71$754,089$637,973$606,197$734,830
72$775,319$613,546$570,818$728,432
73$796,961$586,169$532,499$720,480
74$819,000$555,641$491,087$710,855
75$841,421$521,750$446,422$699,434
76$864,204$484,274$398,335$686,085
77$887,325$442,975$346,651$670,668
78$910,756$397,605$291,188$653,033
79$934,463$347,898$231,753$633,021
80$958,410$293,577$168,148$610,462
81$982,551$234,345$100,164$585,178
82$1,006,836$169,892$27,584$556,975
83$1,031,205$99,889$0$525,649
84$1,055,593$23,989$0$500,562
85$1,079,923$0$0$478,179
86$1,104,110$0$0$477,964
87$1,128,056$0$0$487,886
88$1,151,652$0$0$497,598
89$1,174,773$0$0$507,038
90$1,197,280$0$0$516,139
91$1,219,018$0$0$524,827
92$1,239,810$0$0$533,016
93$1,259,462$0$0$540,612
94$1,277,754$0$0$547,510
95$1,294,440$0$0$553,591
96$1,309,250$0$0$558,725
97$1,321,877$0$0$562,766
98$1,331,983$0$0$565,551
99$1,339,192$0$0$566,899
100$1,343,083$0$0$566,611