Can I retire at age 69 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$55,245$54,753$54,273$53,805$53,347$52,291
2 years$27,349$26,840$26,346$25,868$25,403$24,344
3 years$18,052$17,540$17,048$16,574$16,117$15,087
4 years$13,404$12,894$12,406$11,940$11,495$10,503
5 years$10,616$10,109$9,628$9,171$8,738$7,786
6 years$8,758$8,255$7,781$7,334$6,914$6,004
7 years$7,431$6,932$6,466$6,030$5,623$4,754
8 years$6,437$5,942$5,484$5,058$4,665$3,837
9 years$5,664$5,174$4,723$4,309$3,929$3,142
10 years$5,045$4,560$4,118$3,714$3,347$2,601
11 years$4,540$4,060$3,625$3,232$2,879$2,171
12 years$4,119$3,644$3,217$2,835$2,495$1,825
13 years$3,763$3,293$2,874$2,503$2,175$1,543
14 years$3,458$2,993$2,583$2,222$1,907$1,311
15 years$3,195$2,734$2,332$1,982$1,679$1,117
16 years$2,964$2,509$2,114$1,774$1,484$955
17 years$2,761$2,311$1,924$1,594$1,316$819
18 years$2,580$2,135$1,756$1,437$1,170$704
19 years$2,419$1,979$1,608$1,298$1,043$606
20 years$2,274$1,839$1,475$1,176$931$523
21 years$2,143$1,713$1,357$1,067$834$451
22 years$2,024$1,599$1,251$970$747$390
23 years$1,915$1,495$1,155$884$671$338
24 years$1,816$1,401$1,068$806$603$293
25 years$1,725$1,315$989$736$542$254
26 years$1,641$1,236$917$673$489$220
27 years$1,563$1,163$852$616$441$191
28 years$1,491$1,096$792$564$397$166
29 years$1,424$1,034$737$518$359$144
30 years$1,362$976$686$475$324$125
31 years$1,304$923$640$436$293$109
32 years$1,249$873$597$401$265$95
33 years$1,198$827$558$369$240$82
34 years$1,150$784$521$339$217$72
35 years$1,105$743$487$312$197$62
36 years$1,063$706$456$288$178$54
37 years$1,022$670$426$265$162$47
38 years$985$637$399$244$147$41
39 years$949$606$374$225$133$36
40 years$915$576$351$208$121$31
41 years$882$548$329$192$109$27
42 years$852$522$308$177$99$24
43 years$823$498$289$163$90$21
44 years$795$474$272$151$82$18
45 years$768$452$255$139$74$16
46 years$743$432$240$129$67$14
47 years$719$412$225$119$61$12
48 years$696$393$212$110$56$10
49 years$674$375$199$101$50$9
50 years$653$359$187$94$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $669,000, adding $4,241 every year, while hoping to spend $33,512 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: 58/26/16 Blend
68$669,000$669,000$669,000$669,000
69$741,613$706,156$695,786$781,323
70$781,601$705,101$683,438$807,645
71$824,544$702,871$669,554$832,276
72$870,709$699,373$654,046$858,354
73$920,388$694,509$636,823$886,024
74$973,902$688,174$617,791$915,448
75$1,031,603$680,257$596,849$946,804
76$1,093,877$670,641$573,894$980,290
77$1,161,150$659,200$548,818$1,016,126
78$1,233,890$645,804$521,506$1,054,556
79$1,312,610$630,311$491,839$1,095,851
80$1,397,874$612,574$459,694$1,140,310
81$1,490,304$592,437$424,940$1,188,267
82$1,590,582$569,733$387,442$1,240,090
83$1,699,458$544,287$347,059$1,296,187
84$1,817,759$515,914$303,642$1,357,012
85$1,946,393$484,416$257,036$1,423,066
86$2,086,359$449,586$207,081$1,494,905
87$2,238,757$411,205$153,607$1,573,144
88$2,404,796$369,040$96,439$1,658,463
89$2,585,809$322,846$35,393$1,751,617
90$2,783,260$272,364$0$1,853,440
91$2,998,762$217,320$0$1,969,935
92$3,234,091$157,424$0$2,103,823
93$3,491,202$92,372$0$2,250,220
94$3,772,246$21,839$0$2,410,413
95$4,079,593$0$0$2,585,823
96$4,415,849$0$0$2,793,617
97$4,783,889$0$0$3,027,945
98$5,186,873$0$0$3,284,580
99$5,628,285$0$0$3,565,747
100$6,111,960$0$0$3,873,897