Can I retire at age 69 with 665,000?

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 $665,000?

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 years$54,915$54,426$53,949$53,483$53,028$52,584
2 years$27,186$26,679$26,189$25,713$25,251$24,804
3 years$17,944$17,435$16,946$16,475$16,021$15,583
4 years$13,324$12,817$12,332$11,869$11,426$11,002
5 years$10,552$10,049$9,570$9,117$8,686$8,277
6 years$8,705$8,205$7,734$7,291$6,873$6,480
7 years$7,387$6,891$6,427$5,994$5,589$5,212
8 years$6,398$5,907$5,451$5,028$4,637$4,275
9 years$5,630$5,143$4,695$4,283$3,905$3,559
10 years$5,015$4,533$4,093$3,692$3,327$2,996
11 years$4,513$4,036$3,603$3,213$2,862$2,546
12 years$4,094$3,622$3,198$2,818$2,480$2,179
13 years$3,741$3,273$2,857$2,488$2,162$1,876
14 years$3,438$2,975$2,567$2,209$1,896$1,623
15 years$3,175$2,718$2,318$1,970$1,669$1,411
16 years$2,946$2,494$2,101$1,764$1,475$1,230
17 years$2,744$2,297$1,912$1,585$1,308$1,076
18 years$2,565$2,122$1,746$1,428$1,163$943
19 years$2,404$1,967$1,598$1,290$1,037$829
20 years$2,260$1,828$1,467$1,169$926$730
21 years$2,130$1,702$1,349$1,061$829$644
22 years$2,012$1,589$1,243$964$743$568
23 years$1,904$1,486$1,148$878$667$503
24 years$1,805$1,393$1,062$801$599$445
25 years$1,714$1,307$983$732$539$394
26 years$1,631$1,228$912$669$486$350
27 years$1,554$1,156$847$612$438$310
28 years$1,482$1,089$787$561$395$276
29 years$1,416$1,028$733$514$357$245
30 years$1,354$970$682$472$322$218
31 years$1,296$917$636$434$291$194
32 years$1,242$868$594$398$264$172
33 years$1,191$822$554$366$239$154
34 years$1,143$779$518$337$216$137
35 years$1,098$739$484$310$196$122
36 years$1,056$701$453$286$177$109
37 years$1,016$666$424$263$161$97
38 years$979$633$397$243$146$86
39 years$943$602$372$224$132$77
40 years$909$573$349$206$120$69
41 years$877$545$327$190$109$61
42 years$847$519$307$176$99$55
43 years$818$495$288$162$90$49
44 years$790$472$270$150$81$43
45 years$764$450$254$138$74$39
46 years$739$429$238$128$67$35
47 years$715$409$224$118$61$31
48 years$692$391$210$109$55$28
49 years$670$373$198$101$50$25
50 years$649$357$186$93$46$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $665,000, adding $4,198 every year, while hoping to spend $23,709 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: 46/24/30 Blend
68$665,000$665,000$665,000$665,000
69$737,160$701,915$691,608$764,531
70$787,124$711,083$689,550$793,560
71$841,390$719,905$686,630$822,439
72$900,372$728,340$682,791$853,327
73$964,524$736,343$677,979$886,428
74$1,034,347$743,865$672,133$921,964
75$1,110,393$750,857$665,192$960,183
76$1,193,267$757,264$657,090$1,001,359
77$1,283,638$763,027$647,760$1,045,793
78$1,382,239$768,085$637,130$1,093,822
79$1,489,879$772,373$625,125$1,145,814
80$1,607,447$775,820$611,668$1,202,180
81$1,735,925$778,353$596,677$1,263,371
82$1,876,389$779,892$580,065$1,329,890
83$2,030,028$780,354$561,744$1,402,287
84$2,198,148$779,649$541,621$1,481,176
85$2,382,190$777,683$519,596$1,567,231
86$2,583,739$774,355$495,568$1,661,200
87$2,804,541$769,559$469,430$1,763,907
88$3,046,519$763,182$441,070$1,876,264
89$3,311,790$755,104$410,372$1,999,279
90$3,602,685$745,197$377,213$2,134,063
91$3,921,775$733,327$341,465$2,281,845
92$4,271,887$719,351$302,995$2,443,983
93$4,656,139$703,119$261,665$2,621,975
94$5,077,963$684,470$217,328$2,817,475
95$5,541,140$663,234$169,834$3,032,312
96$6,049,836$639,232$119,023$3,268,502
97$6,608,639$612,274$64,730$3,528,272
98$7,222,604$582,159$6,782$3,814,082
99$7,897,300$548,675$0$4,128,643
100$8,638,862$511,597$0$4,492,576