Can I retire at age 69 with 669,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$55,245$54,753$54,273$53,805$53,347$52,702
2 years$27,349$26,840$26,346$25,868$25,403$24,754
3 years$18,052$17,540$17,048$16,574$16,117$15,484
4 years$13,404$12,894$12,406$11,940$11,495$10,883
5 years$10,616$10,109$9,628$9,171$8,738$8,149
6 years$8,758$8,255$7,781$7,334$6,914$6,348
7 years$7,431$6,932$6,466$6,030$5,623$5,081
8 years$6,437$5,942$5,484$5,058$4,665$4,146
9 years$5,664$5,174$4,723$4,309$3,929$3,433
10 years$5,045$4,560$4,118$3,714$3,347$2,875
11 years$4,540$4,060$3,625$3,232$2,879$2,429
12 years$4,119$3,644$3,217$2,835$2,495$2,067
13 years$3,763$3,293$2,874$2,503$2,175$1,770
14 years$3,458$2,993$2,583$2,222$1,907$1,522
15 years$3,195$2,734$2,332$1,982$1,679$1,315
16 years$2,964$2,509$2,114$1,774$1,484$1,139
17 years$2,761$2,311$1,924$1,594$1,316$990
18 years$2,580$2,135$1,756$1,437$1,170$863
19 years$2,419$1,979$1,608$1,298$1,043$753
20 years$2,274$1,839$1,475$1,176$931$659
21 years$2,143$1,713$1,357$1,067$834$577
22 years$2,024$1,599$1,251$970$747$506
23 years$1,915$1,495$1,155$884$671$445
24 years$1,816$1,401$1,068$806$603$391
25 years$1,725$1,315$989$736$542$344
26 years$1,641$1,236$917$673$489$303
27 years$1,563$1,163$852$616$441$267
28 years$1,491$1,096$792$564$397$235
29 years$1,424$1,034$737$518$359$208
30 years$1,362$976$686$475$324$183
31 years$1,304$923$640$436$293$162
32 years$1,249$873$597$401$265$143
33 years$1,198$827$558$369$240$126
34 years$1,150$784$521$339$217$112
35 years$1,105$743$487$312$197$99
36 years$1,063$706$456$288$178$87
37 years$1,022$670$426$265$162$77
38 years$985$637$399$244$147$68
39 years$949$606$374$225$133$60
40 years$915$576$351$208$121$53
41 years$882$548$329$192$109$47
42 years$852$522$308$177$99$42
43 years$823$498$289$163$90$37
44 years$795$474$272$151$82$33
45 years$768$452$255$139$74$29
46 years$743$432$240$129$67$26
47 years$719$412$225$119$61$23
48 years$696$393$212$110$56$20
49 years$674$375$199$101$50$18
50 years$653$359$187$94$46$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $669,000, adding $2,927 every year, while hoping to spend $59,371 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: 33/43/24 Blend
68$669,000$669,000$669,000$669,000
69$740,257$704,800$694,431$759,173
70$752,593$676,165$654,524$744,999
71$764,198$644,137$611,290$724,174
72$774,933$608,487$564,556$700,534
73$784,646$568,973$514,139$673,870
74$793,166$525,339$459,848$643,957
75$800,303$477,314$401,487$610,555
76$805,844$424,612$338,847$573,407
77$809,553$366,931$271,711$532,236
78$811,168$303,952$199,854$486,746
79$810,397$235,336$123,040$436,623
80$806,918$160,727$41,021$381,525
81$800,370$79,750$0$321,089
82$790,355$0$0$266,834
83$776,432$0$0$222,198
84$758,111$0$0$213,640
85$734,849$0$0$203,226
86$706,046$0$0$190,735
87$671,037$0$0$175,924
88$629,085$0$0$158,523
89$579,377$0$0$138,233
90$521,011$0$0$114,725
91$452,992$0$0$87,635
92$374,219$0$0$56,559
93$283,473$0$0$21,054
94$179,411$0$0$0
95$60,546$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0