Can I retire at age 69 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$53,346$52,871$52,407$51,955$51,513$50,370
2 years$26,409$25,917$25,440$24,978$24,530$23,384
3 years$17,431$16,937$16,462$16,004$15,563$14,450
4 years$12,943$12,451$11,980$11,530$11,100$10,029
5 years$10,251$9,761$9,297$8,856$8,438$7,412
6 years$8,457$7,971$7,513$7,082$6,676$5,696
7 years$7,176$6,694$6,244$5,823$5,430$4,496
8 years$6,215$5,738$5,295$4,885$4,504$3,616
9 years$5,469$4,996$4,561$4,161$3,793$2,950
10 years$4,872$4,404$3,976$3,586$3,232$2,433
11 years$4,384$3,920$3,500$3,121$2,780$2,023
12 years$3,977$3,519$3,107$2,738$2,409$1,694
13 years$3,634$3,180$2,775$2,417$2,101$1,427
14 years$3,340$2,890$2,494$2,146$1,841$1,207
15 years$3,085$2,640$2,252$1,913$1,621$1,024
16 years$2,862$2,423$2,041$1,713$1,433$872
17 years$2,666$2,231$1,858$1,539$1,271$745
18 years$2,491$2,062$1,696$1,387$1,130$637
19 years$2,336$1,911$1,552$1,254$1,007$546
20 years$2,196$1,775$1,425$1,135$899$469
21 years$2,069$1,654$1,310$1,030$805$403
22 years$1,954$1,544$1,208$937$721$347
23 years$1,849$1,444$1,115$853$648$299
24 years$1,754$1,353$1,031$778$582$258
25 years$1,665$1,270$955$711$524$222
26 years$1,584$1,193$886$650$472$192
27 years$1,509$1,123$823$595$425$166
28 years$1,440$1,058$765$545$384$143
29 years$1,375$998$712$500$347$124
30 years$1,315$943$663$459$313$107
31 years$1,259$891$618$421$283$93
32 years$1,206$843$577$387$256$80
33 years$1,157$799$538$356$232$69
34 years$1,111$757$503$328$210$60
35 years$1,067$718$470$302$190$52
36 years$1,026$681$440$278$172$45
37 years$987$647$412$256$156$39
38 years$951$615$386$236$142$34
39 years$916$585$361$217$128$29
40 years$883$556$339$201$116$25
41 years$852$530$318$185$106$22
42 years$822$504$298$171$96$19
43 years$794$481$279$158$87$16
44 years$768$458$262$146$79$14
45 years$742$437$246$134$72$12
46 years$718$417$231$124$65$11
47 years$694$398$217$115$59$9
48 years$672$380$204$106$54$8
49 years$651$363$192$98$49$7
50 years$631$346$181$91$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $646,000, adding $7,000 every year, while hoping to spend $53,512 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: 68/26/6 Blend
68$646,000$646,000$646,000$646,000
69$719,113$684,875$674,862$766,908
70$735,526$661,497$640,533$776,099
71$751,819$635,181$603,261$778,970
72$767,925$605,725$562,890$780,658
73$783,765$572,917$519,259$781,035
74$799,253$536,533$472,198$779,965
75$814,290$496,337$421,530$777,298
76$828,766$452,076$367,070$772,874
77$842,559$403,486$308,625$766,515
78$855,530$350,287$245,994$758,029
79$867,526$292,183$178,966$747,208
80$878,374$228,860$107,322$733,823
81$887,883$159,990$30,833$717,628
82$895,840$85,221$0$698,351
83$902,005$4,187$0$678,952
84$906,116$0$0$658,175
85$907,877$0$0$657,603
86$906,962$0$0$656,202
87$903,008$0$0$652,500
88$895,612$0$0$646,196
89$884,327$0$0$636,954
90$868,658$0$0$624,402
91$848,056$0$0$608,128
92$821,913$0$0$587,675
93$789,554$0$0$562,538
94$750,235$0$0$532,156
95$703,130$0$0$495,911
96$647,326$0$0$453,118
97$581,813$0$0$403,018
98$505,474$0$0$344,774
99$417,074$0$0$277,460
100$315,249$0$0$200,051