Can I retire at age 69 with 656,000?

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 $656,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$54,172$53,689$53,219$52,759$52,310$51,171
2 years$26,818$26,318$25,834$25,365$24,910$23,767
3 years$17,701$17,199$16,716$16,252$15,804$14,694
4 years$13,143$12,643$12,165$11,708$11,271$10,203
5 years$10,410$9,913$9,441$8,993$8,568$7,544
6 years$8,588$8,094$7,630$7,192$6,780$5,801
7 years$7,287$6,798$6,340$5,913$5,514$4,581
8 years$6,312$5,827$5,377$4,960$4,574$3,687
9 years$5,553$5,073$4,631$4,225$3,852$3,010
10 years$4,947$4,472$4,038$3,642$3,282$2,484
11 years$4,452$3,981$3,555$3,170$2,823$2,067
12 years$4,039$3,573$3,155$2,780$2,446$1,732
13 years$3,690$3,229$2,818$2,454$2,133$1,459
14 years$3,391$2,935$2,532$2,179$1,870$1,235
15 years$3,133$2,681$2,286$1,943$1,646$1,049
16 years$2,906$2,460$2,073$1,740$1,455$894
17 years$2,707$2,266$1,886$1,563$1,290$764
18 years$2,530$2,094$1,722$1,409$1,147$654
19 years$2,372$1,940$1,576$1,273$1,023$561
20 years$2,230$1,803$1,447$1,153$913$482
21 years$2,101$1,679$1,331$1,046$817$415
22 years$1,984$1,568$1,226$951$733$357
23 years$1,878$1,466$1,132$866$658$308
24 years$1,781$1,374$1,047$790$591$266
25 years$1,691$1,289$970$722$532$229
26 years$1,609$1,212$900$660$479$198
27 years$1,533$1,140$835$604$432$171
28 years$1,462$1,074$777$553$390$148
29 years$1,396$1,014$723$507$352$128
30 years$1,335$957$673$466$318$111
31 years$1,278$905$628$428$288$96
32 years$1,225$856$586$393$260$83
33 years$1,175$811$547$361$235$72
34 years$1,128$769$511$333$213$62
35 years$1,084$729$478$306$193$54
36 years$1,042$692$447$282$175$47
37 years$1,003$657$418$260$158$41
38 years$965$625$392$239$144$35
39 years$930$594$367$221$130$30
40 years$897$565$344$204$118$26
41 years$865$538$322$188$107$23
42 years$835$512$302$173$97$20
43 years$807$488$284$160$88$17
44 years$779$465$266$148$80$15
45 years$754$444$250$137$73$13
46 years$729$423$235$126$66$11
47 years$705$404$221$116$60$10
48 years$683$386$207$108$54$8
49 years$661$368$195$99$49$7
50 years$640$352$183$92$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $656,000, adding $2,919 every year, while hoping to spend $36,161 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: 65/23/12 Blend
68$656,000$656,000$656,000$656,000
69$725,923$691,155$680,987$770,944
70$761,492$686,547$665,325$796,753
71$799,477$680,500$647,926$820,444
72$840,087$672,908$628,695$845,417
73$883,549$663,654$607,529$871,797
74$930,114$652,616$584,325$899,719
75$980,057$639,665$558,971$929,336
76$1,033,679$624,665$531,352$960,817
77$1,091,310$607,469$501,349$994,347
78$1,153,314$587,926$468,834$1,030,136
79$1,220,089$565,871$433,677$1,068,412
80$1,292,073$541,133$395,740$1,109,431
81$1,369,747$513,531$354,880$1,153,477
82$1,453,638$482,872$310,946$1,200,861
83$1,544,328$448,951$263,781$1,251,933
84$1,642,455$411,555$213,223$1,307,076
85$1,748,720$370,456$159,100$1,366,718
86$1,863,894$325,412$101,235$1,431,330
87$1,988,824$276,171$39,440$1,501,437
88$2,124,445$222,464$0$1,577,616
89$2,271,781$164,007$0$1,663,904
90$2,431,960$100,501$0$1,763,225
91$2,606,224$31,630$0$1,871,338
92$2,795,938$0$0$1,989,140
93$3,002,605$0$0$2,128,491
94$3,227,880$0$0$2,289,153
95$3,473,580$0$0$2,464,424
96$3,741,711$0$0$2,655,740
97$4,034,476$0$0$2,864,678
98$4,354,304$0$0$3,092,976
99$4,703,866$0$0$3,342,547
100$5,086,104$0$0$3,615,499