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%12.9%
1 years$53,346$52,871$52,407$51,955$51,513$50,890
2 years$26,409$25,917$25,440$24,978$24,530$23,903
3 years$17,431$16,937$16,462$16,004$15,563$14,952
4 years$12,943$12,451$11,980$11,530$11,100$10,509
5 years$10,251$9,761$9,297$8,856$8,438$7,869
6 years$8,457$7,971$7,513$7,082$6,676$6,130
7 years$7,176$6,694$6,244$5,823$5,430$4,906
8 years$6,215$5,738$5,295$4,885$4,504$4,004
9 years$5,469$4,996$4,561$4,161$3,793$3,315
10 years$4,872$4,404$3,976$3,586$3,232$2,776
11 years$4,384$3,920$3,500$3,121$2,780$2,346
12 years$3,977$3,519$3,107$2,738$2,409$1,996
13 years$3,634$3,180$2,775$2,417$2,101$1,709
14 years$3,340$2,890$2,494$2,146$1,841$1,470
15 years$3,085$2,640$2,252$1,913$1,621$1,269
16 years$2,862$2,423$2,041$1,713$1,433$1,100
17 years$2,666$2,231$1,858$1,539$1,271$956
18 years$2,491$2,062$1,696$1,387$1,130$833
19 years$2,336$1,911$1,552$1,254$1,007$727
20 years$2,196$1,775$1,425$1,135$899$636
21 years$2,069$1,654$1,310$1,030$805$557
22 years$1,954$1,544$1,208$937$721$489
23 years$1,849$1,444$1,115$853$648$429
24 years$1,754$1,353$1,031$778$582$377
25 years$1,665$1,270$955$711$524$332
26 years$1,584$1,193$886$650$472$292
27 years$1,509$1,123$823$595$425$258
28 years$1,440$1,058$765$545$384$227
29 years$1,375$998$712$500$347$201
30 years$1,315$943$663$459$313$177
31 years$1,259$891$618$421$283$156
32 years$1,206$843$577$387$256$138
33 years$1,157$799$538$356$232$122
34 years$1,111$757$503$328$210$108
35 years$1,067$718$470$302$190$95
36 years$1,026$681$440$278$172$84
37 years$987$647$412$256$156$75
38 years$951$615$386$236$142$66
39 years$916$585$361$217$128$58
40 years$883$556$339$201$116$52
41 years$852$530$318$185$106$46
42 years$822$504$298$171$96$40
43 years$794$481$279$158$87$36
44 years$768$458$262$146$79$32
45 years$742$437$246$134$72$28
46 years$718$417$231$124$65$25
47 years$694$398$217$115$59$22
48 years$672$380$204$106$54$19
49 years$651$363$192$98$49$17
50 years$631$346$181$91$44$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $646,000, adding $2,255 every year, while hoping to spend $29,171 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: 30/44/26 Blend
68$646,000$646,000$646,000$646,000
69$714,218$679,980$669,967$729,857
70$756,031$682,261$661,373$744,455
71$801,130$683,677$651,514$757,429
72$849,822$684,153$640,316$770,798
73$902,439$683,612$627,702$784,618
74$959,351$681,972$613,593$798,950
75$1,020,961$679,145$597,904$813,865
76$1,087,713$675,037$580,548$829,443
77$1,160,097$669,551$561,433$845,776
78$1,238,648$662,581$540,463$862,967
79$1,323,959$654,016$517,538$881,134
80$1,416,680$643,739$492,552$900,408
81$1,517,524$631,626$465,396$920,941
82$1,627,280$617,544$435,954$942,899
83$1,746,812$601,353$404,108$966,472
84$1,877,073$582,905$369,732$991,873
85$2,019,112$562,045$332,696$1,019,343
86$2,174,081$538,605$292,861$1,049,148
87$2,343,252$512,411$250,086$1,081,589
88$2,528,022$483,278$204,222$1,117,004
89$2,729,929$451,007$155,113$1,155,768
90$2,950,669$415,394$102,596$1,198,302
91$3,192,106$376,217$46,502$1,245,076
92$3,456,295$333,245$0$1,296,615
93$3,745,496$286,234$0$1,357,210
94$4,062,201$234,923$0$1,437,815
95$4,409,151$179,041$0$1,526,296
96$4,789,368$118,297$0$1,623,518
97$5,206,177$52,387$0$1,730,438
98$5,663,242$0$0$1,848,120
99$6,164,597$0$0$1,986,944
100$6,714,687$0$0$2,167,195