Can I retire at age 69 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$54,750$54,262$53,786$53,322$52,869$52,513
2 years$27,104$26,599$26,110$25,636$25,176$24,817
3 years$17,890$17,383$16,895$16,425$15,972$15,622
4 years$13,284$12,778$12,295$11,833$11,392$11,052
5 years$10,521$10,018$9,542$9,089$8,660$8,332
6 years$8,679$8,181$7,711$7,269$6,852$6,537
7 years$7,365$6,870$6,408$5,976$5,573$5,269
8 years$6,379$5,889$5,434$5,013$4,623$4,332
9 years$5,613$5,127$4,681$4,270$3,893$3,615
10 years$5,000$4,520$4,081$3,681$3,317$3,051
11 years$4,499$4,023$3,593$3,203$2,853$2,598
12 years$4,082$3,611$3,188$2,810$2,472$2,230
13 years$3,729$3,264$2,849$2,481$2,156$1,925
14 years$3,427$2,966$2,559$2,202$1,890$1,670
15 years$3,166$2,710$2,311$1,964$1,664$1,455
16 years$2,937$2,486$2,095$1,758$1,471$1,272
17 years$2,736$2,290$1,906$1,580$1,304$1,115
18 years$2,557$2,116$1,740$1,424$1,159$981
19 years$2,397$1,961$1,593$1,287$1,033$864
20 years$2,253$1,822$1,462$1,165$923$763
21 years$2,123$1,697$1,345$1,057$826$675
22 years$2,006$1,584$1,240$962$740$598
23 years$1,898$1,482$1,144$876$665$531
24 years$1,800$1,388$1,058$799$597$471
25 years$1,709$1,303$980$729$538$419
26 years$1,626$1,225$909$667$484$373
27 years$1,549$1,152$844$610$437$332
28 years$1,478$1,086$785$559$394$296
29 years$1,411$1,024$730$513$356$264
30 years$1,350$968$680$471$321$235
31 years$1,292$915$634$432$291$210
32 years$1,238$865$592$397$263$187
33 years$1,187$820$553$365$238$167
34 years$1,140$777$516$336$215$150
35 years$1,095$737$483$309$195$134
36 years$1,053$699$452$285$177$119
37 years$1,013$664$423$263$160$107
38 years$976$631$396$242$145$96
39 years$940$600$371$223$132$85
40 years$906$571$348$206$119$76
41 years$874$544$326$190$108$68
42 years$844$518$306$175$98$61
43 years$815$493$287$162$89$55
44 years$788$470$269$149$81$49
45 years$762$448$253$138$74$44
46 years$737$428$237$127$67$39
47 years$713$408$223$118$61$35
48 years$690$390$210$109$55$32
49 years$668$372$197$101$50$28
50 years$647$355$185$93$45$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $663,000, adding $6,567 every year, while hoping to spend $29,815 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: 39/43/18 Blend
68$663,000$663,000$663,000$663,000
69$737,400$702,261$691,984$761,965
70$780,892$704,949$683,443$782,855
71$827,820$706,769$673,616$802,084
72$878,505$707,648$662,429$822,252
73$933,297$707,506$649,804$843,459
74$992,580$706,261$635,660$865,818
75$1,056,779$703,824$619,910$889,456
76$1,126,359$700,100$602,466$914,513
77$1,201,833$694,990$583,234$941,148
78$1,283,764$688,389$562,117$969,537
79$1,372,771$680,183$539,011$999,877
80$1,469,536$670,254$513,809$1,032,386
81$1,574,808$658,476$486,402$1,067,309
82$1,689,412$644,715$456,670$1,104,920
83$1,814,257$628,830$424,492$1,145,521
84$1,950,339$610,672$389,742$1,189,451
85$2,098,760$590,080$352,284$1,237,086
86$2,260,728$566,889$311,980$1,288,845
87$2,437,576$540,920$268,685$1,345,192
88$2,630,769$511,986$222,246$1,406,646
89$2,841,922$479,887$172,506$1,473,780
90$3,072,811$444,415$119,298$1,547,233
91$3,325,392$405,346$62,449$1,627,713
92$3,601,820$362,445$1,779$1,716,007
93$3,904,467$315,466$0$1,812,988
94$4,235,944$264,146$0$1,931,716
95$4,599,129$208,207$0$2,062,322
96$4,997,188$147,358$0$2,205,695
97$5,433,612$81,289$0$2,363,192
98$5,912,242$9,674$0$2,536,319
99$6,437,311$0$0$2,726,740
100$7,013,481$0$0$2,968,388