Can I retire at age 69 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$55,906$55,408$54,922$54,448$53,985$53,222
2 years$27,676$27,161$26,661$26,177$25,707$24,940
3 years$18,268$17,750$17,252$16,772$16,310$15,562
4 years$13,564$13,048$12,555$12,083$11,632$10,910
5 years$10,743$10,230$9,743$9,281$8,843$8,148
6 years$8,863$8,353$7,874$7,422$6,997$6,331
7 years$7,520$7,015$6,543$6,102$5,690$5,053
8 years$6,514$6,013$5,549$5,119$4,721$4,111
9 years$5,731$5,236$4,779$4,360$3,975$3,394
10 years$5,106$4,615$4,167$3,759$3,387$2,834
11 years$4,594$4,108$3,668$3,271$2,913$2,387
12 years$4,168$3,688$3,256$2,869$2,525$2,025
13 years$3,808$3,332$2,909$2,533$2,201$1,728
14 years$3,500$3,029$2,613$2,249$1,930$1,481
15 years$3,233$2,767$2,360$2,005$1,699$1,275
16 years$2,999$2,539$2,139$1,796$1,502$1,101
17 years$2,794$2,338$1,947$1,613$1,331$953
18 years$2,611$2,161$1,777$1,454$1,184$828
19 years$2,448$2,002$1,627$1,314$1,055$720
20 years$2,301$1,861$1,493$1,190$943$627
21 years$2,168$1,733$1,373$1,080$843$548
22 years$2,048$1,618$1,266$982$756$479
23 years$1,938$1,513$1,169$894$679$419
24 years$1,838$1,418$1,081$816$610$367
25 years$1,745$1,330$1,001$745$549$321
26 years$1,660$1,250$928$681$494$282
27 years$1,582$1,177$862$623$446$247
28 years$1,509$1,109$801$571$402$217
29 years$1,441$1,046$746$524$363$191
30 years$1,378$988$695$481$328$168
31 years$1,319$934$648$441$297$148
32 years$1,264$884$604$406$268$130
33 years$1,212$837$564$373$243$114
34 years$1,164$793$527$343$220$101
35 years$1,118$752$493$316$199$89
36 years$1,075$714$461$291$180$78
37 years$1,035$678$432$268$164$69
38 years$996$645$404$247$148$60
39 years$960$613$379$228$134$53
40 years$926$583$355$210$122$47
41 years$893$555$333$194$111$41
42 years$862$529$312$179$100$36
43 years$832$504$293$165$91$32
44 years$804$480$275$153$83$28
45 years$778$458$258$141$75$25
46 years$752$437$242$130$68$22
47 years$728$417$228$120$62$19
48 years$705$398$214$111$56$17
49 years$682$380$201$103$51$15
50 years$661$363$189$95$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $677,000, adding $4,516 every year, while hoping to spend $57,202 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: 66/7/27 Blend
68$677,000$677,000$677,000$677,000
69$750,712$714,831$704,338$794,668
70$766,422$688,996$667,071$799,027
71$781,818$659,977$626,638$796,963
72$796,806$627,558$582,873$793,430
73$811,283$591,512$535,602$788,284
74$825,133$551,594$484,644$781,375
75$838,225$507,551$429,808$772,534
76$850,414$459,111$370,896$761,582
77$861,536$405,988$307,701$748,321
78$871,411$347,879$240,008$732,537
79$879,837$284,467$167,589$713,996
80$886,587$215,413$90,210$692,445
81$891,411$140,360$7,625$667,607
82$894,031$58,934$0$639,179
83$894,137$0$0$630,026
84$891,384$0$0$622,702
85$885,391$0$0$617,536
86$875,733$0$0$609,679
87$861,942$0$0$598,790
88$843,496$0$0$584,488
89$819,818$0$0$566,353
90$790,268$0$0$543,918
91$754,140$0$0$516,670
92$710,649$0$0$484,035
93$658,930$0$0$445,384
94$598,022$0$0$400,018
95$526,866$0$0$347,165
96$444,290$0$0$285,970
97$348,997$0$0$215,490
98$239,554$0$0$134,683
99$114,380$0$0$42,395
100$0$0$0$0