Can I retire at age 69 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$56,071$55,572$55,084$54,609$54,144$53,138
2 years$27,758$27,241$26,740$26,254$25,783$24,773
3 years$18,322$17,802$17,303$16,821$16,358$15,376
4 years$13,604$13,087$12,592$12,119$11,667$10,720
5 years$10,775$10,260$9,772$9,308$8,869$7,960
6 years$8,889$8,378$7,897$7,444$7,018$6,147
7 years$7,542$7,036$6,562$6,120$5,707$4,876
8 years$6,533$6,031$5,566$5,134$4,735$3,943
9 years$5,748$5,251$4,794$4,373$3,987$3,234
10 years$5,121$4,629$4,179$3,770$3,397$2,682
11 years$4,608$4,121$3,679$3,281$2,922$2,243
12 years$4,181$3,698$3,265$2,878$2,532$1,890
13 years$3,819$3,342$2,917$2,541$2,208$1,601
14 years$3,510$3,038$2,621$2,255$1,935$1,362
15 years$3,242$2,775$2,367$2,011$1,704$1,164
16 years$3,008$2,546$2,146$1,801$1,506$997
17 years$2,802$2,345$1,952$1,618$1,335$857
18 years$2,619$2,167$1,782$1,458$1,187$738
19 years$2,455$2,008$1,632$1,318$1,058$637
20 years$2,308$1,866$1,497$1,193$945$550
21 years$2,175$1,738$1,377$1,083$846$476
22 years$2,054$1,623$1,269$985$758$413
23 years$1,944$1,518$1,172$897$681$358
24 years$1,843$1,422$1,084$818$612$311
25 years$1,751$1,334$1,004$747$551$270
26 years$1,665$1,254$931$683$496$235
27 years$1,586$1,180$865$625$447$204
28 years$1,513$1,112$804$573$403$178
29 years$1,445$1,049$748$525$364$155
30 years$1,382$991$697$482$329$135
31 years$1,323$937$650$443$298$118
32 years$1,268$886$606$407$269$103
33 years$1,216$839$566$374$244$89
34 years$1,167$795$529$344$221$78
35 years$1,122$755$494$317$200$68
36 years$1,078$716$462$292$181$59
37 years$1,038$680$433$269$164$52
38 years$999$646$405$248$149$45
39 years$963$615$380$229$135$39
40 years$928$585$356$211$122$34
41 years$896$557$334$194$111$30
42 years$864$530$313$179$101$26
43 years$835$505$294$166$91$23
44 years$807$482$276$153$83$20
45 years$780$459$259$141$75$17
46 years$754$438$243$131$68$15
47 years$730$418$228$121$62$13
48 years$707$399$215$111$56$12
49 years$684$381$202$103$51$10
50 years$663$364$190$95$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $679,000, adding $6,121 every year, while hoping to spend $52,723 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: 65/12/23 Blend
68$679,000$679,000$679,000$679,000
69$754,572$718,585$708,060$798,760
70$775,441$697,699$675,683$808,370
71$796,672$674,022$640,455$812,364
72$818,246$647,362$602,224$815,519
73$840,141$617,516$560,831$817,756
74$862,329$584,269$516,113$818,990
75$884,780$547,391$467,896$819,128
76$907,457$506,643$416,001$818,071
77$930,320$461,770$360,238$815,714
78$953,318$412,503$300,412$811,941
79$976,398$358,557$236,318$806,627
80$999,496$299,632$167,740$799,640
81$1,022,541$235,410$94,455$790,835
82$1,045,450$165,555$16,229$780,055
83$1,068,132$89,714$0$767,134
84$1,090,484$7,512$0$768,392
85$1,112,387$0$0$772,453
86$1,133,711$0$0$785,937
87$1,154,308$0$0$799,867
88$1,174,012$0$0$813,132
89$1,192,637$0$0$825,597
90$1,209,976$0$0$837,114
91$1,225,799$0$0$847,515
92$1,239,846$0$0$856,616
93$1,251,830$0$0$864,208
94$1,261,430$0$0$870,061
95$1,268,290$0$0$873,920
96$1,272,012$0$0$875,498
97$1,272,157$0$0$874,478
98$1,268,234$0$0$870,510
99$1,259,699$0$0$863,202
100$1,245,950$0$0$852,121