Can I retire at age 69 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$53,924$53,444$52,975$52,518$52,071$51,721
2 years$26,695$26,198$25,716$25,249$24,796$24,443
3 years$17,620$17,121$16,640$16,177$15,731$15,387
4 years$13,083$12,585$12,110$11,655$11,220$10,886
5 years$10,362$9,867$9,398$8,952$8,529$8,206
6 years$8,548$8,057$7,595$7,159$6,749$6,438
7 years$7,253$6,766$6,311$5,886$5,489$5,190
8 years$6,283$5,800$5,352$4,937$4,553$4,267
9 years$5,528$5,050$4,610$4,206$3,835$3,560
10 years$4,925$4,451$4,019$3,625$3,267$3,005
11 years$4,431$3,963$3,538$3,155$2,810$2,559
12 years$4,021$3,557$3,140$2,767$2,435$2,196
13 years$3,673$3,214$2,806$2,443$2,123$1,896
14 years$3,376$2,922$2,521$2,169$1,861$1,644
15 years$3,118$2,669$2,276$1,934$1,639$1,433
16 years$2,893$2,449$2,063$1,732$1,448$1,253
17 years$2,695$2,255$1,878$1,556$1,284$1,099
18 years$2,518$2,084$1,714$1,402$1,142$966
19 years$2,361$1,931$1,569$1,267$1,018$851
20 years$2,219$1,795$1,440$1,148$909$752
21 years$2,091$1,672$1,325$1,042$814$665
22 years$1,975$1,560$1,221$947$729$589
23 years$1,869$1,459$1,127$862$655$523
24 years$1,773$1,367$1,042$787$588$464
25 years$1,684$1,283$966$718$529$412
26 years$1,602$1,206$896$657$477$367
27 years$1,526$1,135$832$601$430$327
28 years$1,455$1,070$773$551$388$291
29 years$1,390$1,009$719$505$350$260
30 years$1,329$953$670$464$317$232
31 years$1,272$901$625$426$286$207
32 years$1,219$852$583$391$259$185
33 years$1,169$807$544$360$234$165
34 years$1,123$765$508$331$212$147
35 years$1,079$726$475$305$192$132
36 years$1,037$689$445$281$174$118
37 years$998$654$416$259$158$105
38 years$961$622$390$238$143$94
39 years$926$591$365$220$130$84
40 years$893$562$342$203$118$75
41 years$861$535$321$187$107$67
42 years$831$510$301$173$97$60
43 years$803$486$283$159$88$54
44 years$776$463$265$147$80$48
45 years$750$442$249$136$72$43
46 years$725$421$234$126$66$39
47 years$702$402$220$116$60$35
48 years$680$384$206$107$54$31
49 years$658$366$194$99$49$28
50 years$638$350$182$92$45$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $653,000, adding $6,437 every year, while hoping to spend $55,499 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: 74/21/5 Blend
68$653,000$653,000$653,000$653,000
69$726,246$691,637$681,515$779,236
70$741,272$666,476$645,296$789,820
71$755,972$638,223$606,002$793,715
72$770,251$606,667$563,474$796,379
73$784,009$571,585$517,542$797,669
74$797,128$532,743$468,030$797,431
75$809,479$489,892$414,753$795,494
76$820,918$442,769$357,520$791,674
77$831,283$391,096$296,128$785,768
78$840,395$334,580$230,369$777,552
79$848,052$272,912$160,023$766,785
80$854,031$205,762$84,862$753,199
81$858,083$132,786$4,646$736,504
82$859,933$53,617$0$716,382
83$859,272$0$0$696,803
84$855,760$0$0$681,035
85$849,019$0$0$675,008
86$838,628$0$0$665,988
87$824,122$0$0$653,594
88$804,985$0$0$637,407
89$780,645$0$0$616,958
90$750,469$0$0$591,732
91$713,756$0$0$561,155
92$669,732$0$0$524,596
93$617,536$0$0$481,352
94$556,221$0$0$430,650
95$484,736$0$0$371,633
96$401,920$0$0$303,354
97$306,492$0$0$224,765
98$197,032$0$0$134,709
99$71,974$0$0$31,909
100$0$0$0$0