Can I retire at age 69 with 662,000?

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 $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%11.1%
1 years$54,667$54,180$53,705$53,242$52,789$52,544
2 years$27,063$26,559$26,071$25,597$25,138$24,891
3 years$17,863$17,357$16,869$16,400$15,948$15,707
4 years$13,264$12,759$12,277$11,815$11,374$11,140
5 years$10,505$10,003$9,527$9,075$8,647$8,420
6 years$8,666$8,168$7,699$7,258$6,842$6,624
7 years$7,353$6,860$6,398$5,967$5,564$5,354
8 years$6,369$5,880$5,426$5,005$4,616$4,414
9 years$5,604$5,120$4,674$4,264$3,887$3,694
10 years$4,993$4,513$4,075$3,675$3,312$3,127
11 years$4,492$4,017$3,587$3,199$2,849$2,672
12 years$4,076$3,606$3,183$2,806$2,469$2,299
13 years$3,724$3,259$2,844$2,477$2,153$1,991
14 years$3,422$2,962$2,556$2,199$1,887$1,733
15 years$3,161$2,706$2,307$1,961$1,661$1,515
16 years$2,933$2,483$2,092$1,756$1,468$1,329
17 years$2,732$2,286$1,904$1,578$1,302$1,170
18 years$2,553$2,113$1,738$1,422$1,158$1,032
19 years$2,393$1,958$1,591$1,285$1,032$913
20 years$2,250$1,819$1,460$1,163$922$809
21 years$2,120$1,695$1,343$1,056$825$718
22 years$2,003$1,582$1,238$960$739$639
23 years$1,895$1,480$1,143$874$664$569
24 years$1,797$1,386$1,057$797$597$507
25 years$1,707$1,301$979$728$537$452
26 years$1,624$1,223$908$666$483$404
27 years$1,547$1,151$843$610$436$361
28 years$1,475$1,084$784$558$393$323
29 years$1,409$1,023$729$512$355$289
30 years$1,348$966$679$470$321$259
31 years$1,290$913$633$432$290$232
32 years$1,236$864$591$397$262$208
33 years$1,186$818$552$365$238$187
34 years$1,138$776$515$336$215$167
35 years$1,093$736$482$309$195$150
36 years$1,051$698$451$285$176$135
37 years$1,012$663$422$262$160$121
38 years$974$630$395$242$145$109
39 years$939$599$370$223$131$98
40 years$905$570$347$206$119$88
41 years$873$543$325$190$108$79
42 years$843$517$305$175$98$71
43 years$814$492$286$162$89$64
44 years$787$469$269$149$81$57
45 years$760$448$252$138$73$52
46 years$735$427$237$127$67$46
47 years$712$408$223$118$61$42
48 years$689$389$209$109$55$38
49 years$667$372$197$100$50$34
50 years$646$355$185$93$45$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $662,000, adding $2,527 every year, while hoping to spend $43,554 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: 53/38/9 Blend
68$662,000$662,000$662,000$662,000
69$732,131$697,045$686,784$769,148
70$760,467$684,859$663,450$782,375
71$790,234$670,616$637,874$791,815
72$821,531$654,169$609,937$801,054
73$854,467$635,364$579,510$810,082
74$889,161$614,035$546,462$818,890
75$925,741$590,008$510,654$827,472
76$964,348$563,100$471,942$835,823
77$1,005,134$533,114$430,174$843,939
78$1,048,267$499,846$385,194$851,824
79$1,093,928$463,077$336,836$859,479
80$1,142,317$422,576$284,929$866,915
81$1,193,651$378,100$229,292$874,144
82$1,248,168$329,392$169,738$881,185
83$1,306,128$276,179$106,071$888,064
84$1,367,816$218,174$38,086$894,813
85$1,433,542$155,073$0$901,473
86$1,503,647$86,556$0$911,405
87$1,578,506$12,284$0$925,479
88$1,658,527$0$0$940,130
89$1,744,159$0$0$983,947
90$1,835,894$0$0$1,036,431
91$1,934,272$0$0$1,092,761
92$2,039,885$0$0$1,153,280
93$2,153,382$0$0$1,218,368
94$2,275,477$0$0$1,288,440
95$2,406,952$0$0$1,363,951
96$2,548,669$0$0$1,445,404
97$2,701,571$0$0$1,533,348
98$2,866,696$0$0$1,628,389
99$3,045,186$0$0$1,731,190
100$3,238,294$0$0$1,842,484