Can I retire at age 69 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$56,402$55,899$55,409$54,931$54,463$53,872
2 years$27,922$27,402$26,898$26,409$25,935$25,340
3 years$18,429$17,907$17,404$16,920$16,454$15,873
4 years$13,684$13,164$12,666$12,190$11,735$11,173
5 years$10,838$10,320$9,829$9,363$8,921$8,380
6 years$8,941$8,427$7,944$7,488$7,059$6,539
7 years$7,587$7,077$6,601$6,156$5,741$5,242
8 years$6,571$6,067$5,598$5,164$4,762$4,285
9 years$5,782$5,282$4,822$4,399$4,011$3,554
10 years$5,151$4,656$4,204$3,792$3,417$2,982
11 years$4,635$4,145$3,701$3,300$2,939$2,524
12 years$4,205$3,720$3,284$2,895$2,547$2,152
13 years$3,842$3,362$2,934$2,555$2,221$1,846
14 years$3,531$3,056$2,637$2,268$1,947$1,591
15 years$3,261$2,792$2,381$2,023$1,714$1,377
16 years$3,026$2,561$2,158$1,811$1,515$1,196
17 years$2,818$2,359$1,964$1,628$1,343$1,041
18 years$2,634$2,180$1,793$1,467$1,194$909
19 years$2,469$2,020$1,641$1,325$1,065$795
20 years$2,321$1,877$1,506$1,200$951$697
21 years$2,188$1,749$1,385$1,089$851$612
22 years$2,066$1,632$1,277$991$763$538
23 years$1,955$1,527$1,179$902$685$474
24 years$1,854$1,430$1,090$823$615$418
25 years$1,761$1,342$1,010$751$554$368
26 years$1,675$1,261$937$687$499$325
27 years$1,596$1,187$870$629$450$287
28 years$1,522$1,119$809$576$406$254
29 years$1,454$1,055$752$528$366$225
30 years$1,390$997$701$485$331$199
31 years$1,331$942$653$445$299$176
32 years$1,275$892$610$409$271$156
33 years$1,223$844$569$376$245$138
34 years$1,174$800$532$346$222$122
35 years$1,128$759$497$319$201$108
36 years$1,085$720$465$294$182$96
37 years$1,044$684$435$271$165$85
38 years$1,005$650$408$249$150$76
39 years$968$618$382$230$136$67
40 years$934$588$358$212$123$59
41 years$901$560$336$196$112$53
42 years$870$533$315$181$101$47
43 years$840$508$296$167$92$42
44 years$812$484$277$154$83$37
45 years$785$462$260$142$76$33
46 years$759$441$245$131$69$29
47 years$734$420$230$121$62$26
48 years$711$401$216$112$57$23
49 years$688$383$203$104$52$20
50 years$667$366$191$96$47$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $683,000, adding $6,431 every year, while hoping to spend $45,293 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: 68/7/25 Blend
68$683,000$683,000$683,000$683,000
69$759,300$723,101$712,514$805,643
70$788,557$710,341$688,192$824,796
71$819,280$695,438$661,537$839,961
72$851,571$678,240$632,423$855,501
73$885,541$658,583$600,719$871,452
74$921,310$636,297$566,286$887,858
75$959,009$611,200$528,982$904,766
76$998,780$583,102$488,655$922,230
77$1,040,779$551,797$445,149$940,312
78$1,085,176$517,073$398,299$959,080
79$1,132,156$478,702$347,934$978,612
80$1,181,922$436,444$293,876$998,997
81$1,234,693$390,045$235,936$1,020,332
82$1,290,712$339,237$173,920$1,042,730
83$1,350,242$283,738$107,624$1,066,314
84$1,413,573$223,247$36,835$1,091,223
85$1,481,020$157,448$0$1,117,616
86$1,552,929$86,008$0$1,155,991
87$1,629,679$8,574$0$1,207,377
88$1,711,687$0$0$1,262,221
89$1,799,406$0$0$1,326,629
90$1,893,336$0$0$1,396,330
91$1,994,024$0$0$1,471,074
92$2,102,070$0$0$1,551,310
93$2,218,134$0$0$1,637,531
94$2,342,939$0$0$1,730,278
95$2,477,278$0$0$1,830,146
96$2,622,023$0$0$1,937,786
97$2,778,133$0$0$2,053,916
98$2,946,658$0$0$2,179,324
99$3,128,756$0$0$2,314,873
100$3,325,696$0$0$2,461,517