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%15.7%
1 years$55,823$55,326$54,841$54,368$53,905$52,645
2 years$27,635$27,121$26,622$26,138$25,669$24,406
3 years$18,241$17,724$17,226$16,747$16,286$15,060
4 years$13,544$13,029$12,536$12,065$11,615$10,436
5 years$10,727$10,215$9,729$9,267$8,830$7,701
6 years$8,849$8,341$7,862$7,411$6,987$5,909
7 years$7,509$7,005$6,533$6,093$5,682$4,655
8 years$6,504$6,004$5,541$5,111$4,714$3,738
9 years$5,723$5,228$4,772$4,354$3,970$3,044
10 years$5,098$4,608$4,161$3,753$3,382$2,506
11 years$4,587$4,102$3,663$3,266$2,909$2,080
12 years$4,162$3,682$3,251$2,865$2,521$1,738
13 years$3,803$3,328$2,904$2,529$2,198$1,461
14 years$3,495$3,025$2,610$2,245$1,927$1,233
15 years$3,228$2,763$2,356$2,002$1,697$1,045
16 years$2,995$2,535$2,136$1,793$1,499$888
17 years$2,789$2,335$1,944$1,611$1,330$756
18 years$2,607$2,157$1,774$1,452$1,182$646
19 years$2,444$1,999$1,624$1,312$1,054$552
20 years$2,298$1,858$1,491$1,188$941$473
21 years$2,165$1,731$1,371$1,078$842$406
22 years$2,045$1,615$1,264$980$755$348
23 years$1,935$1,511$1,167$893$678$299
24 years$1,835$1,416$1,079$814$609$257
25 years$1,743$1,328$1,000$744$548$222
26 years$1,658$1,249$927$680$494$191
27 years$1,579$1,175$861$622$445$164
28 years$1,507$1,107$800$570$402$142
29 years$1,439$1,045$745$523$363$122
30 years$1,376$986$694$480$328$105
31 years$1,317$933$647$441$296$91
32 years$1,262$882$603$405$268$78
33 years$1,211$836$563$373$243$68
34 years$1,162$792$526$343$220$58
35 years$1,117$751$492$316$199$50
36 years$1,074$713$460$291$180$44
37 years$1,033$677$431$268$163$38
38 years$995$644$404$247$148$33
39 years$959$612$378$228$134$28
40 years$924$582$354$210$122$24
41 years$892$554$332$194$110$21
42 years$861$528$312$179$100$18
43 years$831$503$292$165$91$16
44 years$803$479$275$152$83$14
45 years$776$457$258$141$75$12
46 years$751$436$242$130$68$10
47 years$727$416$227$120$62$9
48 years$703$397$214$111$56$8
49 years$681$379$201$103$51$7
50 years$660$362$189$95$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $676,000, adding $2,832 every year, while hoping to spend $30,749 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: 39/46/15 Blend
68$676,000$676,000$676,000$676,000
69$747,873$712,045$701,567$773,575
70$791,440$714,219$692,353$794,319
71$838,419$715,468$681,800$813,546
72$889,128$715,716$669,830$833,675
73$943,912$714,879$656,362$854,803
74$1,003,153$712,870$641,312$877,037
75$1,067,270$709,596$624,592$900,500
76$1,136,723$704,958$606,107$925,327
77$1,212,020$698,852$585,763$951,671
78$1,293,716$691,166$563,456$979,702
79$1,382,424$681,782$539,081$1,009,609
80$1,478,818$670,577$512,527$1,041,606
81$1,583,640$657,417$483,678$1,075,928
82$1,697,703$642,162$452,414$1,112,840
83$1,821,905$624,665$418,606$1,152,636
84$1,957,234$604,768$382,124$1,195,645
85$2,104,776$582,305$342,829$1,242,232
86$2,265,725$557,101$300,576$1,292,803
87$2,441,399$528,968$255,215$1,347,811
88$2,633,246$497,712$206,589$1,407,759
89$2,842,860$463,122$154,532$1,473,207
90$3,071,996$424,980$98,874$1,544,777
91$3,322,588$383,053$39,435$1,623,160
92$3,596,764$337,094$0$1,709,122
93$3,896,867$286,845$0$1,807,356
94$4,225,478$232,030$0$1,921,951
95$4,585,437$172,360$0$2,047,671
96$4,979,874$107,528$0$2,185,712
97$5,412,236$37,212$0$2,337,399
98$5,886,317$0$0$2,504,199
99$6,406,299$0$0$2,707,441
100$6,976,786$0$0$2,951,180