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%12.1%
1 years$54,750$54,262$53,786$53,322$52,869$52,404
2 years$27,104$26,599$26,110$25,636$25,176$24,707
3 years$17,890$17,383$16,895$16,425$15,972$15,515
4 years$13,284$12,778$12,295$11,833$11,392$10,949
5 years$10,521$10,018$9,542$9,089$8,660$8,232
6 years$8,679$8,181$7,711$7,269$6,852$6,441
7 years$7,365$6,870$6,408$5,976$5,573$5,178
8 years$6,379$5,889$5,434$5,013$4,623$4,245
9 years$5,613$5,127$4,681$4,270$3,893$3,532
10 years$5,000$4,520$4,081$3,681$3,317$2,972
11 years$4,499$4,023$3,593$3,203$2,853$2,523
12 years$4,082$3,611$3,188$2,810$2,472$2,158
13 years$3,729$3,264$2,849$2,481$2,156$1,857
14 years$3,427$2,966$2,559$2,202$1,890$1,606
15 years$3,166$2,710$2,311$1,964$1,664$1,394
16 years$2,937$2,486$2,095$1,758$1,471$1,215
17 years$2,736$2,290$1,906$1,580$1,304$1,062
18 years$2,557$2,116$1,740$1,424$1,159$930
19 years$2,397$1,961$1,593$1,287$1,033$817
20 years$2,253$1,822$1,462$1,165$923$719
21 years$2,123$1,697$1,345$1,057$826$634
22 years$2,006$1,584$1,240$962$740$559
23 years$1,898$1,482$1,144$876$665$494
24 years$1,800$1,388$1,058$799$597$437
25 years$1,709$1,303$980$729$538$387
26 years$1,626$1,225$909$667$484$343
27 years$1,549$1,152$844$610$437$304
28 years$1,478$1,086$785$559$394$270
29 years$1,411$1,024$730$513$356$240
30 years$1,350$968$680$471$321$213
31 years$1,292$915$634$432$291$189
32 years$1,238$865$592$397$263$168
33 years$1,187$820$553$365$238$150
34 years$1,140$777$516$336$215$133
35 years$1,095$737$483$309$195$119
36 years$1,053$699$452$285$177$106
37 years$1,013$664$423$263$160$94
38 years$976$631$396$242$145$84
39 years$940$600$371$223$132$75
40 years$906$571$348$206$119$66
41 years$874$544$326$190$108$59
42 years$844$518$306$175$98$53
43 years$815$493$287$162$89$47
44 years$788$470$269$149$81$42
45 years$762$448$253$138$74$37
46 years$737$428$237$127$67$33
47 years$713$408$223$118$61$30
48 years$690$390$210$109$55$26
49 years$668$372$197$101$50$24
50 years$647$355$185$93$45$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $663,000, adding $4,717 every year, while hoping to spend $45,703 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: 71/18/11 Blend
68$663,000$663,000$663,000$663,000
69$735,492$700,353$690,076$785,742
70$761,884$686,042$664,566$805,333
71$789,437$669,499$636,670$820,726
72$818,220$650,565$606,259$836,348
73$848,309$629,073$573,199$852,212
74$879,786$604,848$537,351$868,334
75$912,740$577,701$498,568$884,730
76$947,267$547,435$456,696$901,421
77$983,469$513,841$411,578$918,431
78$1,021,462$476,698$363,044$935,788
79$1,061,367$435,772$310,922$953,523
80$1,103,317$390,815$255,028$971,675
81$1,147,457$341,567$195,173$990,285
82$1,193,944$287,751$131,159$1,009,402
83$1,242,952$229,075$62,777$1,029,081
84$1,294,665$165,232$0$1,049,388
85$1,349,289$95,896$0$1,071,591
86$1,407,045$20,724$0$1,102,516
87$1,468,176$0$0$1,134,909
88$1,532,948$0$0$1,180,918
89$1,601,649$0$0$1,234,089
90$1,674,596$0$0$1,290,564
91$1,752,136$0$0$1,350,613
92$1,834,647$0$0$1,414,532
93$1,922,544$0$0$1,482,645
94$2,016,280$0$0$1,555,306
95$2,116,353$0$0$1,632,903
96$2,223,307$0$0$1,715,862
97$2,337,739$0$0$1,804,650
98$2,460,305$0$0$1,899,778
99$2,591,723$0$0$2,001,807
100$2,732,779$0$0$2,111,354