Can I retire at age 69 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$53,594$53,116$52,651$52,196$51,752$50,096
2 years$26,532$26,037$25,559$25,094$24,644$22,990
3 years$17,512$17,016$16,538$16,078$15,635$14,036
4 years$13,003$12,508$12,035$11,583$11,151$9,619
5 years$10,299$9,807$9,340$8,897$8,477$7,016
6 years$8,496$8,008$7,548$7,115$6,707$5,319
7 years$7,209$6,725$6,273$5,850$5,455$4,139
8 years$6,244$5,765$5,320$4,907$4,525$3,281
9 years$5,494$5,019$4,582$4,180$3,811$2,636
10 years$4,895$4,424$3,994$3,603$3,247$2,140
11 years$4,404$3,939$3,517$3,136$2,793$1,752
12 years$3,996$3,535$3,121$2,750$2,420$1,443
13 years$3,651$3,195$2,788$2,428$2,110$1,195
14 years$3,355$2,904$2,505$2,156$1,850$993
15 years$3,099$2,653$2,262$1,922$1,629$829
16 years$2,875$2,434$2,051$1,721$1,440$693
17 years$2,678$2,241$1,866$1,547$1,276$581
18 years$2,503$2,071$1,704$1,394$1,135$488
19 years$2,346$1,920$1,560$1,259$1,012$411
20 years$2,206$1,784$1,431$1,141$904$346
21 years$2,079$1,661$1,317$1,035$809$292
22 years$1,963$1,551$1,213$941$725$246
23 years$1,858$1,451$1,120$857$651$208
24 years$1,762$1,359$1,036$782$585$176
25 years$1,673$1,275$960$714$526$149
26 years$1,592$1,199$890$653$474$126
27 years$1,516$1,128$826$598$427$106
28 years$1,446$1,063$768$547$386$90
29 years$1,382$1,003$715$502$348$76
30 years$1,321$947$666$461$315$65
31 years$1,265$895$621$423$284$55
32 years$1,212$847$579$389$257$46
33 years$1,162$802$541$358$233$39
34 years$1,116$760$505$329$211$33
35 years$1,072$721$472$303$191$28
36 years$1,031$685$442$279$173$24
37 years$992$650$414$257$157$20
38 years$955$618$387$237$142$17
39 years$920$588$363$218$129$15
40 years$887$559$340$201$117$12
41 years$856$532$319$186$106$10
42 years$826$507$299$172$96$9
43 years$798$483$281$158$87$8
44 years$771$460$264$146$79$6
45 years$745$439$247$135$72$5
46 years$721$419$232$125$65$5
47 years$698$400$218$115$59$4
48 years$675$381$205$106$54$3
49 years$654$364$193$98$49$3
50 years$634$348$181$91$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $649,000, adding $2,197 every year, while hoping to spend $38,097 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: 49/42/9 Blend
68$649,000$649,000$649,000$649,000
69$717,464$683,067$673,008$750,795
70$750,111$676,003$655,019$766,787
71$784,810$667,315$635,150$779,942
72$821,732$656,885$613,299$793,348
73$861,061$644,585$589,357$807,039
74$903,001$630,280$563,211$821,055
75$947,773$613,830$534,745$835,441
76$995,620$595,082$503,833$850,253
77$1,046,810$573,878$470,349$865,551
78$1,101,635$550,048$434,156$881,406
79$1,160,416$523,415$395,114$897,901
80$1,223,504$493,788$353,076$915,129
81$1,291,286$460,968$307,889$933,195
82$1,364,186$424,744$259,392$952,222
83$1,442,669$384,893$207,418$972,345
84$1,527,247$341,178$151,791$993,722
85$1,618,480$293,350$92,331$1,016,528
86$1,716,987$241,146$28,845$1,040,964
87$1,823,443$184,285$0$1,067,253
88$1,938,595$122,476$0$1,099,386
89$2,063,260$55,406$0$1,137,110
90$2,198,340$0$0$1,177,994
91$2,344,824$0$0$1,230,393
92$2,503,800$0$0$1,315,110
93$2,676,466$0$0$1,407,184
94$2,864,137$0$0$1,507,324
95$3,068,264$0$0$1,616,312
96$3,290,438$0$0$1,735,007
97$3,532,415$0$0$1,864,354
98$3,796,123$0$0$2,005,394
99$4,083,687$0$0$2,159,273
100$4,397,444$0$0$2,327,251