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%13.2%
1 years$55,245$54,753$54,273$53,805$53,347$52,637
2 years$27,349$26,840$26,346$25,868$25,403$24,689
3 years$18,052$17,540$17,048$16,574$16,117$15,421
4 years$13,404$12,894$12,406$11,940$11,495$10,822
5 years$10,616$10,109$9,628$9,171$8,738$8,090
6 years$8,758$8,255$7,781$7,334$6,914$6,293
7 years$7,431$6,932$6,466$6,030$5,623$5,028
8 years$6,437$5,942$5,484$5,058$4,665$4,096
9 years$5,664$5,174$4,723$4,309$3,929$3,386
10 years$5,045$4,560$4,118$3,714$3,347$2,830
11 years$4,540$4,060$3,625$3,232$2,879$2,387
12 years$4,119$3,644$3,217$2,835$2,495$2,027
13 years$3,763$3,293$2,874$2,503$2,175$1,732
14 years$3,458$2,993$2,583$2,222$1,907$1,487
15 years$3,195$2,734$2,332$1,982$1,679$1,281
16 years$2,964$2,509$2,114$1,774$1,484$1,108
17 years$2,761$2,311$1,924$1,594$1,316$961
18 years$2,580$2,135$1,756$1,437$1,170$835
19 years$2,419$1,979$1,608$1,298$1,043$728
20 years$2,274$1,839$1,475$1,176$931$635
21 years$2,143$1,713$1,357$1,067$834$555
22 years$2,024$1,599$1,251$970$747$486
23 years$1,915$1,495$1,155$884$671$426
24 years$1,816$1,401$1,068$806$603$373
25 years$1,725$1,315$989$736$542$328
26 years$1,641$1,236$917$673$489$288
27 years$1,563$1,163$852$616$441$253
28 years$1,491$1,096$792$564$397$223
29 years$1,424$1,034$737$518$359$196
30 years$1,362$976$686$475$324$173
31 years$1,304$923$640$436$293$152
32 years$1,249$873$597$401$265$134
33 years$1,198$827$558$369$240$118
34 years$1,150$784$521$339$217$104
35 years$1,105$743$487$312$197$92
36 years$1,063$706$456$288$178$81
37 years$1,022$670$426$265$162$71
38 years$985$637$399$244$147$63
39 years$949$606$374$225$133$56
40 years$915$576$351$208$121$49
41 years$882$548$329$192$109$43
42 years$852$522$308$177$99$38
43 years$823$498$289$163$90$34
44 years$795$474$272$151$82$30
45 years$768$452$255$139$74$26
46 years$743$432$240$129$67$23
47 years$719$412$225$119$61$21
48 years$696$393$212$110$56$18
49 years$674$375$199$101$50$16
50 years$653$359$187$94$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $669,000, adding $5,631 every year, while hoping to spend $47,505 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: 62/8/30 Blend
68$669,000$669,000$669,000$669,000
69$743,046$707,589$697,220$782,784
70$768,292$691,716$670,032$794,623
71$794,521$673,473$640,341$801,929
72$821,783$652,694$608,013$808,915
73$850,131$629,203$572,908$815,559
74$879,623$602,813$534,879$821,839
75$910,322$573,327$493,774$827,734
76$942,292$540,537$449,433$833,221
77$975,605$504,223$401,689$838,279
78$1,010,338$464,152$350,367$842,888
79$1,046,574$420,076$295,285$847,026
80$1,084,400$371,736$236,253$850,673
81$1,123,914$318,856$173,072$853,812
82$1,165,219$261,145$105,536$856,423
83$1,208,426$198,297$33,427$858,491
84$1,253,658$129,986$0$860,001
85$1,301,046$55,870$0$874,875
86$1,350,732$0$0$901,495
87$1,402,871$0$0$931,372
88$1,457,631$0$0$967,931
89$1,515,194$0$0$1,006,379
90$1,575,758$0$0$1,046,850
91$1,639,539$0$0$1,089,490
92$1,706,771$0$0$1,134,458
93$1,777,712$0$0$1,181,930
94$1,852,639$0$0$1,232,094
95$1,931,857$0$0$1,285,157
96$2,015,698$0$0$1,341,346
97$2,104,525$0$0$1,400,906
98$2,198,734$0$0$1,464,109
99$2,298,758$0$0$1,531,247
100$2,405,071$0$0$1,602,644