Can I retire at age 69 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$56,649$56,145$55,652$55,172$54,703$54,358
2 years$28,044$27,522$27,016$26,525$26,049$25,701
3 years$18,510$17,986$17,481$16,995$16,526$16,186
4 years$13,744$13,222$12,722$12,244$11,787$11,457
5 years$10,886$10,366$9,873$9,404$8,960$8,642
6 years$8,980$8,464$7,978$7,521$7,090$6,783
7 years$7,620$7,108$6,630$6,183$5,766$5,471
8 years$6,600$6,093$5,623$5,187$4,783$4,501
9 years$5,807$5,305$4,843$4,418$4,028$3,758
10 years$5,174$4,676$4,222$3,808$3,432$3,173
11 years$4,655$4,163$3,717$3,315$2,952$2,704
12 years$4,224$3,737$3,299$2,907$2,558$2,322
13 years$3,859$3,377$2,947$2,567$2,231$2,006
14 years$3,546$3,069$2,648$2,278$1,955$1,741
15 years$3,276$2,804$2,391$2,032$1,722$1,518
16 years$3,039$2,573$2,168$1,819$1,522$1,328
17 years$2,831$2,369$1,973$1,635$1,349$1,166
18 years$2,646$2,189$1,801$1,473$1,200$1,026
19 years$2,480$2,029$1,648$1,331$1,069$905
20 years$2,331$1,885$1,513$1,206$955$799
21 years$2,197$1,756$1,392$1,094$855$708
22 years$2,075$1,639$1,283$995$766$627
23 years$1,964$1,533$1,184$906$688$557
24 years$1,862$1,437$1,095$826$618$495
25 years$1,769$1,348$1,014$755$556$440
26 years$1,682$1,267$941$690$501$392
27 years$1,603$1,192$874$632$452$349
28 years$1,529$1,124$812$579$408$311
29 years$1,460$1,060$756$531$368$278
30 years$1,396$1,001$704$487$333$248
31 years$1,337$946$656$447$301$222
32 years$1,281$895$612$411$272$198
33 years$1,229$848$572$378$246$177
34 years$1,179$804$534$348$223$158
35 years$1,133$762$499$320$202$142
36 years$1,090$724$467$295$183$127
37 years$1,048$687$437$272$166$113
38 years$1,010$653$409$250$150$102
39 years$973$621$384$231$136$91
40 years$938$591$360$213$124$81
41 years$905$562$337$196$112$73
42 years$873$536$316$181$102$65
43 years$844$510$297$167$92$59
44 years$815$486$279$155$84$52
45 years$788$464$262$143$76$47
46 years$762$443$246$132$69$42
47 years$737$422$231$122$63$38
48 years$714$403$217$113$57$34
49 years$691$385$204$104$52$30
50 years$670$368$192$96$47$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $686,000, adding $3,177 every year, while hoping to spend $50,538 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: 63/21/16 Blend
68$686,000$686,000$686,000$686,000
69$759,249$722,891$712,258$803,879
70$782,920$704,541$682,347$815,883
71$807,312$683,597$649,739$822,948
72$832,445$659,881$614,293$829,450
73$858,339$633,199$575,856$835,338
74$885,016$603,352$534,273$840,555
75$912,496$570,125$489,380$845,044
76$940,801$533,291$441,004$848,739
77$969,952$492,612$388,968$851,575
78$999,973$447,836$333,084$853,481
79$1,030,885$398,694$273,157$854,380
80$1,062,711$344,906$208,983$854,194
81$1,095,473$286,172$140,350$852,836
82$1,129,195$222,178$67,035$850,218
83$1,163,898$152,591$0$846,242
84$1,199,607$77,058$0$842,721
85$1,236,343$0$0$849,972
86$1,274,129$0$0$857,573
87$1,312,987$0$0$883,700
88$1,352,939$0$0$910,560
89$1,394,005$0$0$938,166
90$1,436,207$0$0$966,531
91$1,479,564$0$0$995,670
92$1,524,095$0$0$1,025,592
93$1,569,817$0$0$1,056,310
94$1,616,746$0$0$1,087,834
95$1,664,896$0$0$1,120,173
96$1,714,279$0$0$1,153,333
97$1,764,905$0$0$1,187,321
98$1,816,783$0$0$1,222,141
99$1,869,915$0$0$1,257,795
100$1,924,303$0$0$1,294,281