Can I retire at age 69 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$56,567$56,063$55,571$55,091$54,623$54,052
2 years$28,003$27,482$26,976$26,486$26,011$25,436
3 years$18,483$17,960$17,455$16,970$16,502$15,942
4 years$13,724$13,202$12,703$12,226$11,770$11,227
5 years$10,870$10,351$9,858$9,391$8,947$8,424
6 years$8,967$8,452$7,967$7,510$7,080$6,577
7 years$7,609$7,098$6,620$6,174$5,758$5,276
8 years$6,591$6,084$5,615$5,179$4,776$4,315
9 years$5,799$5,298$4,836$4,412$4,022$3,582
10 years$5,166$4,670$4,216$3,803$3,427$3,006
11 years$4,649$4,157$3,712$3,310$2,948$2,547
12 years$4,218$3,731$3,294$2,903$2,554$2,173
13 years$3,853$3,372$2,943$2,563$2,227$1,865
14 years$3,541$3,065$2,644$2,275$1,953$1,608
15 years$3,271$2,800$2,387$2,029$1,719$1,393
16 years$3,035$2,569$2,165$1,817$1,519$1,210
17 years$2,827$2,366$1,970$1,632$1,347$1,055
18 years$2,642$2,186$1,798$1,471$1,198$922
19 years$2,477$2,026$1,646$1,329$1,068$807
20 years$2,328$1,883$1,511$1,204$954$708
21 years$2,194$1,754$1,390$1,093$853$622
22 years$2,072$1,637$1,281$993$765$547
23 years$1,961$1,531$1,182$905$687$482
24 years$1,859$1,434$1,094$825$617$425
25 years$1,766$1,346$1,013$754$555$375
26 years$1,680$1,265$939$689$500$332
27 years$1,600$1,191$872$631$451$293
28 years$1,527$1,122$811$578$407$259
29 years$1,458$1,058$755$530$368$230
30 years$1,394$1,000$703$486$332$203
31 years$1,335$945$655$447$300$180
32 years$1,279$894$611$410$272$160
33 years$1,227$847$571$377$246$141
34 years$1,178$803$533$347$223$125
35 years$1,131$761$499$320$202$111
36 years$1,088$722$467$294$183$99
37 years$1,047$686$437$271$166$88
38 years$1,008$652$409$250$150$78
39 years$971$620$383$231$136$69
40 years$937$590$359$213$123$61
41 years$903$562$337$196$112$54
42 years$872$535$316$181$102$48
43 years$842$510$296$167$92$43
44 years$814$486$278$154$84$38
45 years$787$463$261$143$76$34
46 years$761$442$245$132$69$30
47 years$736$422$230$122$63$27
48 years$713$403$217$112$57$24
49 years$690$384$204$104$52$21
50 years$669$367$191$96$47$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $685,000, adding $3,117 every year, while hoping to spend $22,554 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: 39/35/26 Blend
68$685,000$685,000$685,000$685,000
69$758,085$721,780$711,163$781,697
70$811,413$733,150$710,989$810,530
71$869,423$744,321$710,054$839,362
72$932,572$755,260$708,308$870,100
73$1,001,357$765,931$705,699$902,932
74$1,076,328$776,294$702,173$938,065
75$1,158,091$786,310$697,674$975,730
76$1,247,311$795,934$692,140$1,016,179
77$1,344,721$805,119$685,511$1,059,695
78$1,451,128$813,815$677,721$1,106,587
79$1,567,419$821,968$668,701$1,157,200
80$1,694,573$829,521$658,379$1,211,913
81$1,833,665$836,414$646,681$1,271,147
82$1,985,882$842,581$633,528$1,335,367
83$2,152,528$847,954$618,837$1,405,085
84$2,335,041$852,459$602,523$1,480,870
85$2,535,003$856,017$584,495$1,563,348
86$2,754,158$858,546$564,660$1,653,214
87$2,994,424$859,957$542,919$1,751,234
88$3,257,918$860,157$519,169$1,858,253
89$3,546,966$859,046$493,302$1,975,208
90$3,864,135$856,517$465,206$2,103,133
91$4,212,249$852,459$434,763$2,243,167
92$4,594,421$846,753$401,850$2,396,573
93$5,014,080$839,271$366,339$2,564,743
94$5,475,000$829,880$328,096$2,749,215
95$5,981,344$818,437$286,981$2,951,686
96$6,537,693$804,793$242,847$3,174,033
97$7,149,097$788,786$195,541$3,418,325
98$7,821,117$770,250$144,904$3,686,848
99$8,559,882$749,003$90,770$3,982,125
100$9,372,143$724,857$32,964$4,306,943