Can I retire at age 69 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$54,502$54,017$53,543$53,081$52,629$51,950
2 years$26,981$26,479$25,992$25,520$25,062$24,378
3 years$17,809$17,304$16,818$16,351$15,900$15,234
4 years$13,224$12,720$12,239$11,780$11,340$10,696
5 years$10,473$9,973$9,498$9,048$8,621$8,001
6 years$8,640$8,144$7,676$7,236$6,821$6,226
7 years$7,331$6,839$6,379$5,949$5,547$4,978
8 years$6,350$5,862$5,410$4,990$4,602$4,057
9 years$5,587$5,104$4,659$4,251$3,876$3,356
10 years$4,977$4,499$4,062$3,664$3,302$2,807
11 years$4,479$4,005$3,576$3,189$2,840$2,368
12 years$4,064$3,595$3,174$2,797$2,461$2,013
13 years$3,713$3,249$2,836$2,469$2,146$1,721
14 years$3,412$2,953$2,548$2,192$1,881$1,478
15 years$3,152$2,698$2,300$1,955$1,656$1,275
16 years$2,924$2,475$2,086$1,750$1,464$1,103
17 years$2,723$2,279$1,898$1,573$1,298$958
18 years$2,545$2,106$1,732$1,417$1,154$833
19 years$2,386$1,952$1,586$1,281$1,029$726
20 years$2,243$1,814$1,456$1,160$919$634
21 years$2,114$1,690$1,339$1,053$822$555
22 years$1,996$1,577$1,234$957$737$486
23 years$1,889$1,475$1,139$872$662$426
24 years$1,792$1,382$1,054$795$595$374
25 years$1,702$1,297$976$726$535$329
26 years$1,619$1,219$905$664$482$289
27 years$1,542$1,147$840$608$435$254
28 years$1,471$1,081$781$557$392$224
29 years$1,405$1,020$727$511$354$197
30 years$1,343$963$677$469$320$174
31 years$1,286$910$631$430$289$153
32 years$1,232$861$589$395$262$135
33 years$1,182$816$550$364$237$119
34 years$1,135$773$514$335$214$105
35 years$1,090$733$480$308$194$93
36 years$1,048$696$449$284$176$82
37 years$1,009$661$421$261$159$72
38 years$971$628$394$241$145$64
39 years$936$597$369$222$131$56
40 years$902$568$346$205$119$50
41 years$871$541$324$189$108$44
42 years$840$515$304$174$98$39
43 years$812$491$286$161$89$34
44 years$784$468$268$149$81$30
45 years$758$446$252$137$73$27
46 years$733$426$236$127$66$24
47 years$710$406$222$117$60$21
48 years$687$388$209$108$55$19
49 years$665$370$196$100$50$16
50 years$644$354$184$93$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $660,000, adding $2,637 every year, while hoping to spend $45,717 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: 71/6/23 Blend
68$660,000$660,000$660,000$660,000
69$730,040$695,060$684,830$777,507
70$755,862$680,475$659,129$794,949
71$782,785$663,644$631,035$808,404
72$810,873$644,407$600,420$822,024
73$840,197$622,598$567,148$835,822
74$870,830$598,038$531,081$849,810
75$902,853$570,540$492,070$864,006
76$936,353$539,905$449,963$878,428
77$971,424$505,924$404,600$893,100
78$1,008,169$468,374$355,814$908,048
79$1,046,698$427,020$303,429$923,302
80$1,087,131$381,614$247,265$938,898
81$1,129,599$331,894$187,129$954,875
82$1,174,244$277,582$122,823$971,281
83$1,221,219$218,386$54,140$988,168
84$1,270,693$153,997$0$1,005,597
85$1,322,848$84,087$0$1,028,337
86$1,377,883$8,311$0$1,066,251
87$1,436,014$0$0$1,106,184
88$1,497,479$0$0$1,153,161
89$1,562,536$0$0$1,203,480
90$1,631,466$0$0$1,256,812
91$1,704,578$0$0$1,313,396
92$1,782,209$0$0$1,373,497
93$1,864,726$0$0$1,437,400
94$1,952,533$0$0$1,505,422
95$2,046,072$0$0$1,577,906
96$2,145,824$0$0$1,655,231
97$2,252,319$0$0$1,737,808
98$2,366,136$0$0$1,826,091
99$2,487,911$0$0$1,920,576
100$2,618,341$0$0$2,021,807