Can I retire at age 69 with 690,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$56,980$56,472$55,977$55,494$55,022$54,222
2 years$28,208$27,682$27,173$26,680$26,201$25,397
3 years$18,618$18,091$17,583$17,094$16,623$15,839
4 years$13,825$13,299$12,796$12,315$11,856$11,099
5 years$10,949$10,426$9,930$9,459$9,012$8,285
6 years$9,033$8,514$8,025$7,565$7,131$6,433
7 years$7,664$7,150$6,669$6,219$5,800$5,132
8 years$6,639$6,129$5,656$5,217$4,811$4,173
9 years$5,841$5,336$4,871$4,444$4,052$3,443
10 years$5,204$4,704$4,247$3,831$3,452$2,873
11 years$4,682$4,187$3,739$3,334$2,969$2,418
12 years$4,248$3,758$3,318$2,924$2,573$2,050
13 years$3,881$3,396$2,965$2,582$2,244$1,748
14 years$3,567$3,087$2,664$2,292$1,967$1,498
15 years$3,295$2,820$2,405$2,044$1,732$1,288
16 years$3,057$2,588$2,180$1,830$1,531$1,112
17 years$2,847$2,383$1,984$1,644$1,357$962
18 years$2,661$2,202$1,811$1,482$1,207$835
19 years$2,495$2,041$1,658$1,339$1,075$725
20 years$2,345$1,896$1,522$1,213$961$632
21 years$2,210$1,766$1,400$1,101$860$551
22 years$2,087$1,649$1,290$1,001$771$481
23 years$1,975$1,542$1,191$911$692$421
24 years$1,873$1,445$1,102$831$622$368
25 years$1,779$1,356$1,020$759$559$322
26 years$1,692$1,274$946$694$504$283
27 years$1,612$1,199$879$635$454$248
28 years$1,538$1,130$817$582$410$217
29 years$1,469$1,066$760$534$370$191
30 years$1,405$1,007$708$490$334$168
31 years$1,345$952$660$450$302$147
32 years$1,288$901$616$413$274$129
33 years$1,236$853$575$380$248$114
34 years$1,186$808$537$350$224$100
35 years$1,140$767$502$322$203$88
36 years$1,096$728$470$297$184$77
37 years$1,055$691$440$273$167$68
38 years$1,015$657$412$252$151$60
39 years$978$625$386$232$137$53
40 years$943$594$362$214$124$46
41 years$910$566$339$198$113$41
42 years$878$539$318$182$102$36
43 years$848$513$299$168$93$32
44 years$820$489$280$155$84$28
45 years$793$467$263$144$77$25
46 years$767$445$247$133$69$22
47 years$742$425$232$123$63$19
48 years$718$406$218$113$57$17
49 years$695$387$205$105$52$15
50 years$674$370$193$97$47$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $690,000, adding $4,302 every year, while hoping to spend $24,177 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: 83/10/7 Blend
68$690,000$690,000$690,000$690,000
69$764,818$728,248$717,553$827,445
70$817,105$738,208$715,866$878,965
71$873,915$747,845$713,313$931,827
72$935,684$757,119$709,839$989,123
73$1,002,891$765,986$705,386$1,051,282
74$1,076,065$774,397$699,895$1,118,778
75$1,155,784$782,304$693,302$1,192,131
76$1,242,689$789,651$685,543$1,271,915
77$1,337,481$796,383$676,547$1,358,764
78$1,440,936$802,437$666,243$1,453,372
79$1,553,905$807,750$654,556$1,556,507
80$1,677,326$812,252$641,405$1,669,014
81$1,812,230$815,869$626,710$1,791,824
82$1,959,755$818,524$610,382$1,925,961
83$2,121,152$820,134$592,331$2,072,555
84$2,297,798$820,610$572,464$2,232,851
85$2,491,212$819,858$550,679$2,408,218
86$2,703,063$817,779$526,875$2,600,169
87$2,935,193$814,267$500,942$2,810,366
88$3,189,627$809,210$472,768$3,040,644
89$3,468,596$802,489$442,233$3,293,023
90$3,774,560$793,978$409,215$3,569,729
91$4,110,226$783,544$373,585$3,873,215
92$4,478,576$771,043$335,206$4,206,184
93$4,882,893$756,328$293,939$4,571,616
94$5,326,798$739,237$249,635$4,972,792
95$5,814,275$719,604$202,142$5,413,329
96$6,349,716$697,249$151,298$5,897,213
97$6,937,956$671,983$96,935$6,428,837
98$7,584,325$643,608$38,880$7,013,040
99$8,294,692$611,911$0$7,655,156
100$9,075,525$576,669$0$8,362,788