Can I retire at age 69 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$53,759$53,280$52,813$52,357$51,912$50,432
2 years$26,613$26,118$25,637$25,172$24,720$23,240
3 years$17,566$17,068$16,589$16,128$15,683$14,251
4 years$13,043$12,547$12,073$11,619$11,185$9,811
5 years$10,330$9,837$9,369$8,925$8,503$7,190
6 years$8,522$8,033$7,571$7,137$6,728$5,478
7 years$7,231$6,746$6,292$5,868$5,472$4,284
8 years$6,263$5,782$5,336$4,922$4,539$3,414
9 years$5,511$5,035$4,596$4,193$3,823$2,758
10 years$4,910$4,438$4,007$3,614$3,257$2,252
11 years$4,418$3,951$3,528$3,145$2,801$1,854
12 years$4,008$3,546$3,131$2,759$2,428$1,536
13 years$3,662$3,204$2,797$2,436$2,117$1,280
14 years$3,365$2,913$2,513$2,162$1,856$1,071
15 years$3,109$2,661$2,269$1,928$1,634$899
16 years$2,884$2,441$2,057$1,727$1,444$757
17 years$2,686$2,248$1,872$1,551$1,280$639
18 years$2,511$2,078$1,709$1,398$1,138$540
19 years$2,354$1,925$1,564$1,263$1,015$457
20 years$2,213$1,789$1,436$1,144$906$388
21 years$2,085$1,667$1,321$1,038$811$329
22 years$1,969$1,556$1,217$944$727$280
23 years$1,864$1,455$1,124$860$653$238
24 years$1,767$1,363$1,039$784$587$203
25 years$1,678$1,279$963$716$528$173
26 years$1,597$1,202$893$655$475$147
27 years$1,521$1,132$829$599$429$125
28 years$1,451$1,066$771$549$387$107
29 years$1,386$1,006$717$504$349$91
30 years$1,325$950$668$462$316$78
31 years$1,269$898$623$424$285$66
32 years$1,216$850$581$390$258$57
33 years$1,166$805$543$359$234$48
34 years$1,119$763$507$330$211$41
35 years$1,075$723$474$304$192$35
36 years$1,034$687$443$280$174$30
37 years$995$652$415$258$157$26
38 years$958$620$389$238$143$22
39 years$923$589$364$219$129$19
40 years$890$561$341$202$117$16
41 years$859$534$320$186$106$14
42 years$829$508$300$172$97$12
43 years$800$484$282$159$88$10
44 years$773$462$264$147$80$9
45 years$748$440$248$135$72$7
46 years$723$420$233$125$66$6
47 years$700$401$219$116$60$5
48 years$677$383$206$107$54$5
49 years$656$365$193$99$49$4
50 years$636$349$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $651,000, adding $2,961 every year, while hoping to spend $54,117 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: 26/49/25 Blend
68$651,000$651,000$651,000$651,000
69$720,456$685,953$675,863$733,458
70$736,363$661,985$640,924$720,240
71$752,078$635,028$603,001$701,195
72$767,525$604,880$561,937$679,625
73$782,618$571,325$517,567$655,351
74$797,260$534,134$469,721$628,185
75$811,342$493,068$418,218$597,925
76$824,742$447,872$362,871$564,358
77$837,325$398,276$303,486$527,256
78$848,937$343,997$239,858$486,376
79$859,409$284,734$171,774$441,460
80$868,552$220,168$99,011$392,233
81$876,153$149,966$21,338$338,404
82$881,979$73,773$0$279,659
83$885,768$0$0$232,086
84$887,229$0$0$190,789
85$886,039$0$0$188,450
86$881,839$0$0$185,187
87$874,231$0$0$180,881
88$862,775$0$0$175,406
89$846,980$0$0$168,619
90$826,305$0$0$160,363
91$800,148$0$0$150,462
92$767,845$0$0$138,724
93$728,658$0$0$124,936
94$681,772$0$0$108,861
95$626,286$0$0$90,239
96$561,202$0$0$68,782
97$485,417$0$0$44,169
98$397,712$0$0$16,050
99$296,738$0$0$0
100$181,007$0$0$0