Can I retire at age 69 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$55,328$54,835$54,354$53,885$53,427$53,023
2 years$27,390$26,880$26,386$25,906$25,441$25,035
3 years$18,079$17,566$17,073$16,598$16,141$15,744
4 years$13,424$12,913$12,425$11,958$11,512$11,127
5 years$10,632$10,124$9,642$9,185$8,751$8,380
6 years$8,771$8,267$7,792$7,345$6,924$6,567
7 years$7,442$6,943$6,476$6,039$5,631$5,288
8 years$6,446$5,951$5,492$5,066$4,672$4,343
9 years$5,672$5,182$4,730$4,315$3,934$3,619
10 years$5,053$4,567$4,124$3,720$3,352$3,051
11 years$4,547$4,066$3,630$3,237$2,883$2,595
12 years$4,125$3,649$3,222$2,839$2,498$2,224
13 years$3,769$3,298$2,879$2,507$2,179$1,917
14 years$3,464$2,998$2,586$2,225$1,910$1,661
15 years$3,199$2,739$2,335$1,985$1,682$1,445
16 years$2,968$2,513$2,117$1,777$1,486$1,262
17 years$2,765$2,314$1,927$1,597$1,318$1,105
18 years$2,584$2,138$1,759$1,439$1,172$971
19 years$2,422$1,982$1,610$1,300$1,044$854
20 years$2,277$1,841$1,478$1,178$933$753
21 years$2,146$1,715$1,359$1,069$835$665
22 years$2,027$1,601$1,253$972$748$588
23 years$1,918$1,497$1,157$885$672$521
24 years$1,819$1,403$1,070$807$604$462
25 years$1,727$1,317$991$737$543$410
26 years$1,643$1,237$919$674$489$364
27 years$1,565$1,165$853$617$441$324
28 years$1,493$1,097$793$565$398$288
29 years$1,426$1,035$738$518$359$256
30 years$1,364$978$688$476$325$228
31 years$1,306$924$641$437$294$203
32 years$1,251$875$598$401$266$181
33 years$1,200$828$558$369$240$162
34 years$1,152$785$522$340$218$144
35 years$1,107$745$488$313$197$129
36 years$1,064$707$456$288$179$115
37 years$1,024$671$427$265$162$103
38 years$986$638$400$245$147$92
39 years$950$607$375$226$133$82
40 years$916$577$351$208$121$73
41 years$884$549$329$192$110$65
42 years$853$523$309$177$99$58
43 years$824$498$290$163$90$52
44 years$796$475$272$151$82$47
45 years$770$453$255$139$74$42
46 years$744$432$240$129$67$37
47 years$720$412$225$119$61$33
48 years$697$394$212$110$56$30
49 years$675$376$199$102$51$27
50 years$654$359$187$94$46$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $670,000, adding $2,278 every year, while hoping to spend $37,359 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: 63/22/15 Blend
68$670,000$670,000$670,000$670,000
69$740,690$705,180$694,795$784,495
70$776,490$699,984$678,321$808,968
71$814,691$693,281$660,043$831,209
72$855,496$684,959$639,861$854,592
73$899,131$674,896$617,670$879,230
74$945,842$662,966$593,363$905,249
75$995,901$649,034$566,823$932,786
76$1,049,603$632,957$537,932$961,998
77$1,107,275$614,585$506,565$993,055
78$1,169,274$593,756$472,592$1,026,149
79$1,235,992$570,302$435,875$1,061,493
80$1,307,860$544,043$396,274$1,099,321
81$1,385,350$514,791$353,638$1,139,896
82$1,468,984$482,344$307,813$1,183,509
83$1,559,332$446,490$258,636$1,230,481
84$1,657,021$407,005$205,938$1,281,171
85$1,762,742$363,653$149,542$1,335,976
86$1,877,253$316,183$89,262$1,395,336
87$2,001,387$264,330$24,907$1,459,738
88$2,136,061$207,815$0$1,529,725
89$2,282,284$146,343$0$1,612,900
90$2,441,164$79,601$0$1,707,632
91$2,613,922$7,261$0$1,810,702
92$2,801,900$0$0$1,922,960
93$3,006,574$0$0$2,062,542
94$3,229,569$0$0$2,216,578
95$3,472,675$0$0$2,384,551
96$3,737,858$0$0$2,567,826
97$4,027,286$0$0$2,767,906
98$4,343,342$0$0$2,986,447
99$4,688,653$0$0$3,225,270
100$5,066,107$0$0$3,486,380