Can I retire at age 69 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$55,823$55,326$54,841$54,368$53,905$51,972
2 years$27,635$27,121$26,622$26,138$25,669$23,742
3 years$18,241$17,724$17,226$16,747$16,286$14,426
4 years$13,544$13,029$12,536$12,065$11,615$9,836
5 years$10,727$10,215$9,729$9,267$8,830$7,137
6 years$8,849$8,341$7,862$7,411$6,987$5,381
7 years$7,509$7,005$6,533$6,093$5,682$4,163
8 years$6,504$6,004$5,541$5,111$4,714$3,280
9 years$5,723$5,228$4,772$4,354$3,970$2,620
10 years$5,098$4,608$4,161$3,753$3,382$2,114
11 years$4,587$4,102$3,663$3,266$2,909$1,719
12 years$4,162$3,682$3,251$2,865$2,521$1,407
13 years$3,803$3,328$2,904$2,529$2,198$1,157
14 years$3,495$3,025$2,610$2,245$1,927$955
15 years$3,228$2,763$2,356$2,002$1,697$791
16 years$2,995$2,535$2,136$1,793$1,499$657
17 years$2,789$2,335$1,944$1,611$1,330$547
18 years$2,607$2,157$1,774$1,452$1,182$456
19 years$2,444$1,999$1,624$1,312$1,054$380
20 years$2,298$1,858$1,491$1,188$941$318
21 years$2,165$1,731$1,371$1,078$842$266
22 years$2,045$1,615$1,264$980$755$223
23 years$1,935$1,511$1,167$893$678$187
24 years$1,835$1,416$1,079$814$609$157
25 years$1,743$1,328$1,000$744$548$131
26 years$1,658$1,249$927$680$494$110
27 years$1,579$1,175$861$622$445$93
28 years$1,507$1,107$800$570$402$78
29 years$1,439$1,045$745$523$363$65
30 years$1,376$986$694$480$328$55
31 years$1,317$933$647$441$296$46
32 years$1,262$882$603$405$268$39
33 years$1,211$836$563$373$243$33
34 years$1,162$792$526$343$220$27
35 years$1,117$751$492$316$199$23
36 years$1,074$713$460$291$180$19
37 years$1,033$677$431$268$163$16
38 years$995$644$404$247$148$14
39 years$959$612$378$228$134$11
40 years$924$582$354$210$122$10
41 years$892$554$332$194$110$8
42 years$861$528$312$179$100$7
43 years$831$503$292$165$91$6
44 years$803$479$275$152$83$5
45 years$776$457$258$141$75$4
46 years$751$436$242$130$68$3
47 years$727$416$227$120$62$3
48 years$703$397$214$111$56$2
49 years$681$379$201$103$51$2
50 years$660$362$189$95$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $676,000, adding $6,989 every year, while hoping to spend $24,659 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: 24/49/27 Blend
68$676,000$676,000$676,000$676,000
69$752,161$716,333$705,855$763,685
70$802,645$725,196$703,264$782,794
71$857,451$733,668$699,760$800,713
72$916,995$741,701$695,286$819,391
73$981,733$749,250$689,783$838,908
74$1,052,168$756,260$683,188$859,352
75$1,128,851$762,679$675,437$880,823
76$1,212,390$768,447$666,461$903,434
77$1,303,456$773,503$656,189$927,308
78$1,402,783$777,779$644,546$952,586
79$1,511,182$781,205$631,454$979,424
80$1,629,545$783,707$616,830$1,007,997
81$1,758,855$785,205$600,590$1,038,500
82$1,900,191$785,613$582,643$1,071,149
83$2,054,745$784,843$562,896$1,106,188
84$2,223,826$782,797$541,250$1,143,887
85$2,408,878$779,376$517,604$1,184,545
86$2,611,489$774,471$491,849$1,228,500
87$2,833,409$767,968$463,874$1,276,122
88$3,076,565$759,746$433,561$1,327,828
89$3,343,078$749,677$400,789$1,384,078
90$3,635,285$737,625$365,429$1,445,385
91$3,955,761$723,445$327,348$1,512,318
92$4,307,341$706,986$286,406$1,585,510
93$4,693,146$688,085$242,457$1,665,663
94$5,116,617$666,571$195,349$1,753,556
95$5,581,542$642,263$144,924$1,850,054
96$6,092,095$614,969$91,014$1,956,116
97$6,652,873$584,488$33,448$2,072,805
98$7,268,941$550,603$0$2,201,301
99$7,945,879$513,088$0$2,350,972
100$8,689,833$471,703$0$2,526,011