Can I retire at age 69 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$54,420$53,935$53,462$53,000$52,550$52,044
2 years$26,940$26,439$25,952$25,481$25,024$24,514
3 years$17,782$17,278$16,793$16,326$15,876$15,379
4 years$13,203$12,701$12,221$11,762$11,323$10,842
5 years$10,457$9,958$9,484$9,034$8,607$8,144
6 years$8,627$8,131$7,664$7,225$6,811$6,365
7 years$7,320$6,829$6,369$5,940$5,539$5,111
8 years$6,340$5,853$5,402$4,983$4,595$4,185
9 years$5,579$5,096$4,652$4,244$3,870$3,478
10 years$4,970$4,492$4,056$3,659$3,297$2,923
11 years$4,472$3,999$3,571$3,184$2,836$2,479
12 years$4,058$3,589$3,169$2,793$2,457$2,118
13 years$3,707$3,244$2,831$2,466$2,143$1,820
14 years$3,407$2,949$2,544$2,189$1,878$1,571
15 years$3,147$2,694$2,297$1,952$1,654$1,363
16 years$2,920$2,471$2,082$1,748$1,462$1,186
17 years$2,719$2,276$1,895$1,570$1,296$1,035
18 years$2,542$2,103$1,730$1,415$1,152$906
19 years$2,383$1,949$1,584$1,279$1,027$794
20 years$2,240$1,811$1,453$1,158$917$698
21 years$2,111$1,687$1,337$1,051$821$614
22 years$1,993$1,575$1,232$956$736$541
23 years$1,887$1,473$1,138$870$661$477
24 years$1,789$1,380$1,052$794$594$422
25 years$1,699$1,295$974$725$534$373
26 years$1,616$1,217$904$663$481$330
27 years$1,540$1,145$839$607$434$292
28 years$1,469$1,079$780$556$392$259
29 years$1,403$1,018$726$510$354$229
30 years$1,341$962$676$468$319$203
31 years$1,284$909$630$430$289$181
32 years$1,230$860$588$395$261$160
33 years$1,180$815$549$363$236$142
34 years$1,133$772$513$334$214$126
35 years$1,089$732$480$308$194$112
36 years$1,047$695$449$283$176$100
37 years$1,007$660$420$261$159$89
38 years$970$627$393$241$144$79
39 years$934$597$369$222$131$70
40 years$901$568$345$205$119$62
41 years$869$540$324$189$108$56
42 years$839$515$304$174$98$49
43 years$810$490$285$161$89$44
44 years$783$467$268$148$81$39
45 years$757$446$251$137$73$35
46 years$732$425$236$127$66$31
47 years$708$406$222$117$60$28
48 years$686$387$208$108$55$25
49 years$664$370$196$100$50$22
50 years$643$353$184$92$45$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $659,000, adding $6,914 every year, while hoping to spend $25,074 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: 59/12/29 Blend
68$659,000$659,000$659,000$659,000
69$733,350$698,423$688,208$770,453
70$781,473$705,967$684,585$804,167
71$833,664$713,040$679,999$837,681
72$890,312$719,594$674,394$873,722
73$951,844$725,574$667,706$912,545
74$1,018,730$730,925$659,872$954,429
75$1,091,487$735,586$650,824$999,681
76$1,170,684$739,495$640,492$1,048,643
77$1,256,946$742,583$628,801$1,101,690
78$1,350,963$744,779$615,674$1,159,240
79$1,453,493$746,004$601,031$1,221,750
80$1,565,370$746,179$584,786$1,289,727
81$1,687,513$745,217$566,851$1,363,732
82$1,820,932$743,025$547,134$1,444,383
83$1,966,740$739,507$525,536$1,532,361
84$2,126,164$734,558$501,957$1,628,420
85$2,300,551$728,070$476,291$1,733,392
86$2,491,387$719,926$448,427$1,848,195
87$2,700,308$710,002$418,249$1,973,842
88$2,929,116$698,168$385,637$2,111,452
89$3,179,793$684,286$350,463$2,262,259
90$3,454,525$668,209$312,596$2,427,626
91$3,755,716$649,781$271,898$2,609,055
92$4,086,018$628,838$228,225$2,808,207
93$4,448,347$605,207$181,426$3,026,911
94$4,845,919$578,702$131,344$3,267,188
95$5,282,274$549,130$77,816$3,531,265
96$5,761,312$516,284$20,669$3,821,603
97$6,287,331$479,946$0$4,140,912
98$6,865,061$439,887$0$4,504,661
99$7,499,718$395,861$0$4,911,312
100$8,197,043$347,613$0$5,358,163