Can I retire at age 69 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$54,089$53,607$53,137$52,679$52,231$51,858
2 years$26,777$26,278$25,795$25,326$24,872$24,496
3 years$17,674$17,173$16,691$16,227$15,780$15,412
4 years$13,123$12,624$12,147$11,690$11,254$10,898
5 years$10,394$9,897$9,426$8,979$8,555$8,212
6 years$8,575$8,082$7,618$7,181$6,769$6,439
7 years$7,276$6,787$6,331$5,904$5,505$5,188
8 years$6,302$5,818$5,369$4,953$4,567$4,263
9 years$5,545$5,066$4,624$4,218$3,846$3,555
10 years$4,940$4,465$4,031$3,636$3,277$2,998
11 years$4,445$3,975$3,549$3,165$2,819$2,552
12 years$4,033$3,568$3,150$2,776$2,442$2,188
13 years$3,684$3,224$2,814$2,451$2,130$1,888
14 years$3,386$2,931$2,529$2,175$1,867$1,637
15 years$3,128$2,677$2,283$1,940$1,644$1,425
16 years$2,902$2,456$2,070$1,737$1,453$1,245
17 years$2,703$2,262$1,883$1,561$1,288$1,091
18 years$2,526$2,090$1,719$1,407$1,145$959
19 years$2,368$1,937$1,574$1,271$1,021$844
20 years$2,226$1,800$1,445$1,151$912$745
21 years$2,098$1,677$1,329$1,045$816$659
22 years$1,981$1,565$1,225$950$731$583
23 years$1,875$1,464$1,131$865$657$517
24 years$1,778$1,372$1,046$789$590$459
25 years$1,689$1,287$969$721$531$407
26 years$1,606$1,210$898$659$478$362
27 years$1,530$1,139$834$603$431$322
28 years$1,460$1,073$775$553$389$287
29 years$1,394$1,012$722$507$351$255
30 years$1,333$956$672$465$318$228
31 years$1,276$904$627$427$287$203
32 years$1,223$855$585$392$260$181
33 years$1,173$810$546$361$235$162
34 years$1,126$767$510$332$213$144
35 years$1,082$728$477$306$193$129
36 years$1,040$691$446$282$175$115
37 years$1,001$656$418$259$158$103
38 years$964$624$391$239$143$92
39 years$929$593$366$220$130$82
40 years$895$564$343$203$118$73
41 years$864$537$322$188$107$66
42 years$834$511$302$173$97$59
43 years$805$487$283$160$88$53
44 years$778$464$266$148$80$47
45 years$752$443$250$136$73$42
46 years$728$423$235$126$66$38
47 years$704$403$220$116$60$34
48 years$682$385$207$107$54$30
49 years$660$368$195$99$49$27
50 years$640$351$183$92$45$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $655,000, adding $5,358 every year, while hoping to spend $45,503 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: 68/16/16 Blend
68$655,000$655,000$655,000$655,000
69$727,337$692,622$682,469$773,684
70$753,110$678,145$656,917$790,796
71$779,988$661,435$628,984$803,639
72$808,033$642,332$598,542$816,545
73$837,317$620,670$565,457$829,516
74$867,914$596,274$529,591$842,557
75$899,905$568,955$490,796$855,672
76$933,379$538,517$448,921$868,870
77$968,430$504,751$403,806$882,159
78$1,005,161$467,435$355,285$895,554
79$1,043,684$426,336$303,184$909,070
80$1,084,120$381,207$247,321$922,726
81$1,126,602$331,788$187,507$936,546
82$1,171,271$277,801$123,545$950,559
83$1,218,284$218,957$55,227$964,798
84$1,267,810$154,947$0$979,302
85$1,320,033$85,446$0$997,138
86$1,375,155$10,111$0$1,025,599
87$1,433,394$0$0$1,055,349
88$1,494,990$0$0$1,099,079
89$1,560,203$0$0$1,147,279
90$1,629,318$0$0$1,198,382
91$1,702,648$0$0$1,252,622
92$1,780,532$0$0$1,310,252
93$1,863,344$0$0$1,371,551
94$1,951,489$0$0$1,436,824
95$2,045,415$0$0$1,506,404
96$2,145,610$0$0$1,580,656
97$2,252,610$0$0$1,659,981
98$2,366,999$0$0$1,744,817
99$2,489,422$0$0$1,835,645
100$2,620,584$0$0$1,932,992