Can I retire at age 69 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$54,254$53,771$53,300$52,839$52,390$52,060
2 years$26,859$26,358$25,874$25,404$24,948$24,615
3 years$17,728$17,226$16,742$16,276$15,828$15,502
4 years$13,163$12,663$12,184$11,726$11,289$10,973
5 years$10,425$9,928$9,455$9,007$8,581$8,277
6 years$8,601$8,107$7,641$7,203$6,790$6,497
7 years$7,298$6,808$6,350$5,922$5,522$5,240
8 years$6,321$5,836$5,385$4,968$4,581$4,311
9 years$5,562$5,081$4,638$4,231$3,858$3,599
10 years$4,955$4,479$4,044$3,647$3,287$3,039
11 years$4,459$3,987$3,560$3,174$2,827$2,590
12 years$4,045$3,579$3,159$2,784$2,450$2,224
13 years$3,696$3,234$2,823$2,458$2,136$1,921
14 years$3,396$2,940$2,536$2,182$1,873$1,667
15 years$3,137$2,685$2,290$1,946$1,649$1,454
16 years$2,911$2,464$2,076$1,742$1,457$1,272
17 years$2,711$2,269$1,889$1,566$1,292$1,116
18 years$2,534$2,097$1,725$1,411$1,149$982
19 years$2,375$1,943$1,579$1,275$1,024$866
20 years$2,233$1,806$1,449$1,155$915$766
21 years$2,104$1,682$1,333$1,048$819$678
22 years$1,987$1,570$1,228$953$734$601
23 years$1,881$1,468$1,134$868$659$533
24 years$1,783$1,376$1,049$791$592$474
25 years$1,694$1,291$971$723$533$422
26 years$1,611$1,213$901$661$480$375
27 years$1,535$1,142$837$605$433$334
28 years$1,464$1,076$778$554$390$298
29 years$1,399$1,015$724$508$352$266
30 years$1,337$959$674$466$318$238
31 years$1,280$906$629$428$288$212
32 years$1,227$858$586$394$260$190
33 years$1,177$812$548$362$236$170
34 years$1,130$770$512$333$213$152
35 years$1,085$730$478$307$193$136
36 years$1,043$693$447$282$175$121
37 years$1,004$658$419$260$159$109
38 years$967$625$392$240$144$97
39 years$932$595$367$221$131$87
40 years$898$566$344$204$118$78
41 years$867$539$323$188$107$70
42 years$836$513$303$174$97$63
43 years$808$489$284$160$88$56
44 years$781$466$267$148$80$50
45 years$755$444$251$137$73$45
46 years$730$424$235$126$66$40
47 years$706$404$221$117$60$36
48 years$684$386$208$108$55$32
49 years$662$369$195$100$50$29
50 years$641$352$184$92$45$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $657,000, adding $6,046 every year, while hoping to spend $53,514 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: 34/43/23 Blend
68$657,000$657,000$657,000$657,000
69$730,250$695,429$685,246$749,788
70$747,798$672,567$651,263$741,981
71$765,341$646,791$614,348$728,266
72$782,823$617,901$574,347$712,394
73$800,181$585,688$531,097$694,208
74$817,341$549,928$484,430$673,539
75$834,220$510,385$434,169$650,208
76$850,727$466,810$380,130$624,025
77$866,757$418,940$322,120$594,786
78$882,193$366,495$259,939$562,274
79$896,906$309,182$193,375$526,258
80$910,748$246,690$122,211$486,490
81$923,556$178,690$46,217$442,708
82$935,148$104,835$0$394,628
83$945,320$24,759$0$350,512
84$953,846$0$0$314,138
85$960,472$0$0$303,174
86$964,918$0$0$303,054
87$966,872$0$0$301,944
88$965,986$0$0$299,712
89$961,876$0$0$296,212
90$954,113$0$0$291,282
91$942,223$0$0$284,741
92$925,680$0$0$276,392
93$903,902$0$0$266,013
94$876,241$0$0$253,360
95$841,984$0$0$238,164
96$800,339$0$0$220,125
97$750,428$0$0$198,913
98$691,283$0$0$174,161
99$621,831$0$0$145,466
100$540,885$0$0$112,380