Can I retire at age 69 with 652,000?

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 $652,000?

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$53,842$53,362$52,894$52,437$51,991$51,363
2 years$26,654$26,158$25,677$25,210$24,758$24,125
3 years$17,593$17,094$16,615$16,152$15,707$15,091
4 years$13,063$12,566$12,091$11,637$11,203$10,606
5 years$10,346$9,852$9,383$8,938$8,516$7,942
6 years$8,535$8,045$7,583$7,148$6,738$6,187
7 years$7,242$6,756$6,302$5,877$5,480$4,952
8 years$6,273$5,791$5,344$4,930$4,546$4,041
9 years$5,520$5,042$4,603$4,199$3,829$3,346
10 years$4,917$4,445$4,013$3,620$3,262$2,802
11 years$4,425$3,957$3,533$3,150$2,806$2,367
12 years$4,014$3,551$3,135$2,763$2,431$2,015
13 years$3,668$3,209$2,801$2,439$2,120$1,725
14 years$3,371$2,917$2,517$2,165$1,858$1,483
15 years$3,113$2,665$2,272$1,931$1,636$1,281
16 years$2,889$2,445$2,060$1,729$1,446$1,110
17 years$2,690$2,252$1,875$1,554$1,282$965
18 years$2,515$2,081$1,711$1,400$1,140$841
19 years$2,357$1,928$1,567$1,265$1,016$734
20 years$2,216$1,792$1,438$1,146$908$642
21 years$2,088$1,669$1,323$1,040$812$562
22 years$1,972$1,558$1,219$946$728$493
23 years$1,867$1,457$1,126$861$654$433
24 years$1,770$1,365$1,041$785$587$381
25 years$1,681$1,281$964$717$529$335
26 years$1,599$1,204$894$656$476$295
27 years$1,523$1,133$830$600$429$260
28 years$1,453$1,068$772$550$387$229
29 years$1,388$1,007$718$504$350$202
30 years$1,327$951$669$463$316$179
31 years$1,270$899$624$425$286$158
32 years$1,217$851$582$391$258$139
33 years$1,168$806$543$359$234$123
34 years$1,121$764$508$331$212$109
35 years$1,077$725$475$304$192$96
36 years$1,036$688$444$280$174$85
37 years$996$653$416$258$158$75
38 years$959$621$389$238$143$67
39 years$925$590$365$219$130$59
40 years$891$562$342$202$117$52
41 years$860$535$320$187$107$46
42 years$830$509$301$172$97$41
43 years$802$485$282$159$88$36
44 years$775$462$265$147$80$32
45 years$749$441$249$136$72$28
46 years$724$421$234$125$66$25
47 years$701$401$219$116$60$22
48 years$679$383$206$107$54$20
49 years$657$366$194$99$49$17
50 years$637$350$182$91$45$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $652,000, adding $5,069 every year, while hoping to spend $24,585 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: 69/14/17 Blend
68$652,000$652,000$652,000$652,000
69$723,733$689,177$679,071$770,400
70$771,395$696,788$675,661$809,763
71$823,095$703,948$671,314$849,431
72$879,219$710,610$665,971$892,216
73$940,190$716,721$659,572$938,424
74$1,006,476$722,227$652,054$988,389
75$1,078,591$727,070$643,352$1,042,484
76$1,157,099$731,188$633,396$1,101,115
77$1,242,622$734,516$622,114$1,164,734
78$1,335,845$736,982$609,430$1,233,837
79$1,437,521$738,514$595,266$1,308,973
80$1,548,478$739,031$579,537$1,390,746
81$1,669,630$738,450$562,158$1,479,822
82$1,801,979$736,682$543,038$1,576,935
83$1,946,633$733,632$522,082$1,682,896
84$2,104,809$729,198$499,191$1,798,599
85$2,277,846$723,276$474,260$1,925,029
86$2,467,222$715,751$447,183$2,063,272
87$2,674,560$706,505$417,845$2,214,528
88$2,901,650$695,409$386,128$2,380,117
89$3,150,464$682,329$351,909$2,561,496
90$3,423,171$667,123$315,058$2,760,273
91$3,722,162$649,640$275,440$2,978,219
92$4,050,070$629,720$232,915$3,217,287
93$4,409,795$607,194$187,335$3,479,633
94$4,804,530$581,882$138,546$3,767,632
95$5,237,793$553,595$86,389$4,083,903
96$5,713,460$522,133$30,695$4,431,333
97$6,235,799$487,284$0$4,813,107
98$6,809,513$448,824$0$5,237,950
99$7,439,783$406,516$0$5,710,798
100$8,132,314$360,109$0$6,230,382