Can I retire at age 69 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$54,667$54,180$53,705$53,242$52,789$52,000
2 years$27,063$26,559$26,071$25,597$25,138$24,345
3 years$17,863$17,357$16,869$16,400$15,948$15,176
4 years$13,264$12,759$12,277$11,815$11,374$10,629
5 years$10,505$10,003$9,527$9,075$8,647$7,929
6 years$8,666$8,168$7,699$7,258$6,842$6,154
7 years$7,353$6,860$6,398$5,967$5,564$4,906
8 years$6,369$5,880$5,426$5,005$4,616$3,988
9 years$5,604$5,120$4,674$4,264$3,887$3,288
10 years$4,993$4,513$4,075$3,675$3,312$2,742
11 years$4,492$4,017$3,587$3,199$2,849$2,307
12 years$4,076$3,606$3,183$2,806$2,469$1,954
13 years$3,724$3,259$2,844$2,477$2,153$1,665
14 years$3,422$2,962$2,556$2,199$1,887$1,426
15 years$3,161$2,706$2,307$1,961$1,661$1,225
16 years$2,933$2,483$2,092$1,756$1,468$1,057
17 years$2,732$2,286$1,904$1,578$1,302$914
18 years$2,553$2,113$1,738$1,422$1,158$792
19 years$2,393$1,958$1,591$1,285$1,032$688
20 years$2,250$1,819$1,460$1,163$922$599
21 years$2,120$1,695$1,343$1,056$825$522
22 years$2,003$1,582$1,238$960$739$455
23 years$1,895$1,480$1,143$874$664$398
24 years$1,797$1,386$1,057$797$597$348
25 years$1,707$1,301$979$728$537$304
26 years$1,624$1,223$908$666$483$267
27 years$1,547$1,151$843$610$436$234
28 years$1,475$1,084$784$558$393$205
29 years$1,409$1,023$729$512$355$180
30 years$1,348$966$679$470$321$158
31 years$1,290$913$633$432$290$138
32 years$1,236$864$591$397$262$122
33 years$1,186$818$552$365$238$107
34 years$1,138$776$515$336$215$94
35 years$1,093$736$482$309$195$82
36 years$1,051$698$451$285$176$73
37 years$1,012$663$422$262$160$64
38 years$974$630$395$242$145$56
39 years$939$599$370$223$131$49
40 years$905$570$347$206$119$43
41 years$873$543$325$190$108$38
42 years$843$517$305$175$98$34
43 years$814$492$286$162$89$30
44 years$787$469$269$149$81$26
45 years$760$448$252$138$73$23
46 years$735$427$237$127$67$20
47 years$712$408$223$118$61$18
48 years$689$389$209$109$55$16
49 years$667$372$197$100$50$14
50 years$646$355$185$93$45$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $662,000, adding $4,501 every year, while hoping to spend $36,769 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: 38/50/12 Blend
68$662,000$662,000$662,000$662,000
69$734,167$699,081$688,820$759,223
70$769,930$694,214$672,773$772,600
71$808,108$687,876$654,957$783,137
72$848,910$679,957$635,273$793,714
73$892,562$670,338$613,618$804,351
74$939,314$658,895$589,885$815,075
75$989,440$645,497$563,962$825,917
76$1,043,240$630,003$535,731$836,915
77$1,101,043$612,265$505,070$848,115
78$1,163,210$592,127$471,851$859,569
79$1,230,139$569,423$435,940$871,341
80$1,302,266$543,978$397,197$883,503
81$1,380,070$515,605$355,475$896,141
82$1,464,076$484,109$310,622$909,354
83$1,554,862$449,281$262,479$923,254
84$1,653,065$410,902$210,879$937,972
85$1,759,382$368,741$155,647$953,658
86$1,874,581$322,551$96,603$970,481
87$1,999,506$272,073$33,557$988,637
88$2,135,085$217,035$0$1,008,345
89$2,282,340$157,146$0$1,034,174
90$2,442,393$92,101$0$1,066,956
91$2,616,481$21,577$0$1,102,737
92$2,805,961$0$0$1,141,908
93$3,012,331$0$0$1,215,038
94$3,237,235$0$0$1,307,757
95$3,482,485$0$0$1,408,951
96$3,750,075$0$0$1,519,451
97$4,042,200$0$0$1,640,177
98$4,361,273$0$0$1,772,137
99$4,709,956$0$0$1,916,445
100$5,091,174$0$0$2,074,323