Can I retire at age 69 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$55,658$55,163$54,679$54,207$53,746$51,613
2 years$27,554$27,040$26,543$26,061$25,593$23,471
3 years$18,187$17,671$17,175$16,697$16,237$14,193
4 years$13,504$12,990$12,499$12,030$11,581$9,629
5 years$10,695$10,184$9,700$9,240$8,803$6,949
6 years$8,823$8,316$7,839$7,389$6,966$5,211
7 years$7,487$6,984$6,514$6,075$5,665$4,008
8 years$6,485$5,987$5,525$5,096$4,700$3,140
9 years$5,706$5,212$4,758$4,341$3,958$2,492
10 years$5,083$4,595$4,148$3,742$3,372$1,998
11 years$4,574$4,090$3,652$3,257$2,900$1,614
12 years$4,150$3,671$3,241$2,856$2,513$1,312
13 years$3,791$3,318$2,896$2,522$2,192$1,072
14 years$3,484$3,016$2,602$2,239$1,921$879
15 years$3,218$2,755$2,349$1,996$1,692$723
16 years$2,986$2,528$2,130$1,788$1,495$596
17 years$2,781$2,328$1,938$1,606$1,326$492
18 years$2,599$2,151$1,769$1,447$1,179$407
19 years$2,437$1,993$1,620$1,308$1,051$337
20 years$2,291$1,852$1,486$1,185$938$280
21 years$2,159$1,725$1,367$1,075$840$232
22 years$2,039$1,611$1,260$977$753$193
23 years$1,930$1,506$1,163$890$676$161
24 years$1,830$1,411$1,076$812$607$134
25 years$1,738$1,325$997$741$546$111
26 years$1,653$1,245$924$678$492$93
27 years$1,575$1,172$858$621$444$77
28 years$1,502$1,104$798$569$400$64
29 years$1,435$1,041$743$521$362$53
30 years$1,372$984$692$479$327$45
31 years$1,313$930$645$439$295$37
32 years$1,258$880$602$404$267$31
33 years$1,207$833$562$371$242$26
34 years$1,159$790$525$342$219$22
35 years$1,113$749$491$315$198$18
36 years$1,070$711$459$290$180$15
37 years$1,030$675$430$267$163$12
38 years$992$642$402$246$148$10
39 years$956$610$377$227$134$9
40 years$921$581$353$209$121$7
41 years$889$553$331$193$110$6
42 years$858$526$311$178$100$5
43 years$829$501$292$164$91$4
44 years$801$478$274$152$82$3
45 years$774$456$257$140$75$3
46 years$749$435$241$130$68$2
47 years$725$415$227$120$62$2
48 years$701$396$213$111$56$2
49 years$679$378$200$102$51$1
50 years$658$361$188$94$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $674,000, adding $2,025 every year, while hoping to spend $36,566 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: 65/8/27 Blend
68$674,000$674,000$674,000$674,000
69$744,837$709,115$698,668$787,830
70$781,904$704,955$683,167$812,956
71$821,527$699,367$665,922$836,154
72$863,927$692,240$646,835$860,701
73$909,348$683,460$625,804$886,734
74$958,057$672,905$602,724$914,405
75$1,010,347$660,446$577,483$943,881
76$1,066,539$645,944$549,966$975,349
77$1,126,987$629,256$520,050$1,009,017
78$1,192,077$610,228$487,610$1,045,113
79$1,262,236$588,696$452,512$1,083,891
80$1,337,932$564,490$414,618$1,125,635
81$1,419,677$537,426$373,784$1,170,656
82$1,508,036$507,312$329,858$1,219,300
83$1,603,630$473,944$282,683$1,271,950
84$1,707,140$437,108$232,092$1,329,032
85$1,819,317$396,574$177,916$1,391,014
86$1,940,984$352,103$119,972$1,458,418
87$2,073,048$303,439$58,075$1,531,819
88$2,216,506$250,315$0$1,611,855
89$2,372,455$192,446$0$1,701,528
90$2,542,102$129,532$0$1,817,325
91$2,726,774$61,257$0$1,943,421
92$2,927,931$0$0$2,080,833
93$3,147,183$0$0$2,231,802
94$3,386,297$0$0$2,402,370
95$3,647,220$0$0$2,588,537
96$3,932,097$0$0$2,791,840
97$4,243,286$0$0$3,013,966
98$4,583,386$0$0$3,256,776
99$4,955,254$0$0$3,522,317
100$5,362,041$0$0$3,812,843