Can I retire at age 69 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$56,154$55,654$55,166$54,689$54,224$52,342
2 years$27,799$27,281$26,779$26,293$25,821$23,944
3 years$18,349$17,829$17,328$16,846$16,382$14,569
4 years$13,624$13,106$12,610$12,137$11,684$9,949
5 years$10,790$10,275$9,786$9,322$8,882$7,230
6 years$8,902$8,390$7,909$7,455$7,028$5,460
7 years$7,553$7,046$6,572$6,129$5,716$4,232
8 years$6,542$6,040$5,574$5,142$4,742$3,340
9 years$5,757$5,259$4,801$4,379$3,993$2,673
10 years$5,128$4,635$4,185$3,775$3,402$2,161
11 years$4,615$4,127$3,685$3,286$2,926$1,760
12 years$4,187$3,704$3,270$2,882$2,536$1,443
13 years$3,825$3,347$2,922$2,544$2,211$1,189
14 years$3,515$3,043$2,625$2,258$1,938$984
15 years$3,247$2,779$2,370$2,014$1,707$817
16 years$3,013$2,550$2,149$1,803$1,508$680
17 years$2,806$2,348$1,955$1,620$1,337$567
18 years$2,622$2,170$1,785$1,460$1,189$474
19 years$2,459$2,011$1,634$1,320$1,060$396
20 years$2,311$1,869$1,500$1,195$947$332
21 years$2,178$1,741$1,379$1,085$847$279
22 years$2,057$1,625$1,271$986$759$234
23 years$1,947$1,520$1,174$898$682$196
24 years$1,846$1,424$1,086$819$613$165
25 years$1,753$1,336$1,005$748$551$139
26 years$1,668$1,256$933$684$497$117
27 years$1,589$1,182$866$626$448$98
28 years$1,516$1,114$805$574$404$83
29 years$1,448$1,051$749$526$365$70
30 years$1,384$992$698$483$330$59
31 years$1,325$938$651$443$298$49
32 years$1,270$888$607$407$270$42
33 years$1,218$841$567$375$244$35
34 years$1,169$797$530$345$221$30
35 years$1,123$756$495$317$200$25
36 years$1,080$717$463$292$181$21
37 years$1,039$681$433$269$164$18
38 years$1,001$647$406$248$149$15
39 years$964$616$380$229$135$13
40 years$930$586$356$211$123$11
41 years$897$558$334$195$111$9
42 years$866$531$314$180$101$8
43 years$836$506$294$166$92$6
44 years$808$482$276$153$83$5
45 years$781$460$259$141$75$5
46 years$755$439$244$131$68$4
47 years$731$419$229$121$62$3
48 years$708$400$215$112$56$3
49 years$685$382$202$103$51$2
50 years$664$365$190$95$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $680,000, adding $2,811 every year, while hoping to spend $26,933 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: 48/23/29 Blend
68$680,000$680,000$680,000$680,000
69$752,260$716,220$705,680$782,017
70$800,334$722,658$700,663$809,704
71$852,408$728,509$694,576$836,900
72$908,864$733,715$687,354$865,919
73$970,117$738,217$678,930$896,948
74$1,036,628$741,948$669,233$930,193
75$1,108,900$744,840$658,189$965,881
76$1,187,491$746,820$645,721$1,004,267
77$1,273,010$747,809$631,747$1,045,630
78$1,366,131$747,726$616,185$1,090,281
79$1,467,593$746,481$598,944$1,138,564
80$1,578,211$743,982$579,932$1,190,858
81$1,698,881$740,130$559,052$1,247,587
82$1,830,590$734,819$536,203$1,309,215
83$1,974,423$727,938$511,279$1,376,258
84$2,131,576$719,370$484,170$1,449,288
85$2,303,366$708,988$454,758$1,528,935
86$2,491,241$696,660$422,924$1,615,899
87$2,696,796$682,245$388,541$1,710,950
88$2,921,789$665,594$351,476$1,814,943
89$3,168,153$646,550$311,592$1,928,822
90$3,438,019$624,946$268,745$2,053,630
91$3,733,734$600,604$222,785$2,190,520
92$4,057,879$573,339$173,553$2,340,767
93$4,413,302$542,951$120,886$2,505,780
94$4,803,135$509,232$64,612$2,687,113
95$5,230,832$471,961$4,553$2,886,488
96$5,700,193$430,904$0$3,105,801
97$6,215,408$385,813$0$3,365,575
98$6,781,088$336,427$0$3,652,403
99$7,402,318$282,470$0$3,967,496
100$8,084,693$223,650$0$4,313,744