Can I retire at age 69 with 692,000?

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 $692,000?

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$57,145$56,636$56,139$55,654$55,181$54,833
2 years$28,289$27,763$27,252$26,757$26,277$25,926
3 years$18,672$18,143$17,634$17,143$16,671$16,328
4 years$13,865$13,337$12,833$12,351$11,890$11,557
5 years$10,981$10,456$9,959$9,487$9,039$8,717
6 years$9,059$8,539$8,048$7,587$7,152$6,843
7 years$7,687$7,171$6,688$6,237$5,816$5,519
8 years$6,658$6,147$5,672$5,232$4,825$4,540
9 years$5,858$5,352$4,885$4,457$4,064$3,790
10 years$5,219$4,717$4,259$3,842$3,462$3,201
11 years$4,696$4,199$3,750$3,344$2,978$2,728
12 years$4,261$3,769$3,328$2,933$2,580$2,342
13 years$3,893$3,406$2,973$2,589$2,250$2,023
14 years$3,577$3,096$2,671$2,298$1,973$1,756
15 years$3,304$2,828$2,412$2,050$1,737$1,531
16 years$3,066$2,595$2,187$1,835$1,535$1,340
17 years$2,856$2,390$1,990$1,649$1,361$1,176
18 years$2,669$2,208$1,816$1,486$1,210$1,035
19 years$2,502$2,047$1,663$1,343$1,079$912
20 years$2,352$1,902$1,526$1,216$963$806
21 years$2,216$1,772$1,404$1,104$862$714
22 years$2,093$1,654$1,294$1,004$773$633
23 years$1,981$1,547$1,195$914$694$562
24 years$1,878$1,449$1,105$834$624$499
25 years$1,784$1,360$1,023$761$561$444
26 years$1,697$1,278$949$696$505$395
27 years$1,617$1,203$881$637$456$352
28 years$1,542$1,133$819$584$411$314
29 years$1,473$1,069$762$535$371$280
30 years$1,409$1,010$710$491$335$250
31 years$1,348$955$662$451$303$224
32 years$1,292$903$618$415$274$200
33 years$1,239$855$577$381$248$179
34 years$1,190$811$539$351$225$160
35 years$1,143$769$504$323$204$143
36 years$1,099$730$471$297$184$128
37 years$1,058$693$441$274$167$114
38 years$1,018$659$413$253$152$102
39 years$981$626$387$233$137$92
40 years$946$596$363$215$125$82
41 years$913$567$340$198$113$74
42 years$881$540$319$183$103$66
43 years$851$515$299$169$93$59
44 years$822$491$281$156$85$53
45 years$795$468$264$144$77$47
46 years$769$446$248$133$70$42
47 years$744$426$233$123$63$38
48 years$720$407$219$114$57$34
49 years$697$388$206$105$52$31
50 years$676$371$193$97$47$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $692,000, adding $3,642 every year, while hoping to spend $59,104 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: 57/13/30 Blend
68$692,000$692,000$692,000$692,000
69$766,341$729,665$718,939$803,500
70$781,621$702,532$680,137$802,337
71$796,480$672,089$638,054$794,619
72$810,810$638,111$592,519$785,021
73$824,495$600,360$543,350$773,381
74$837,401$558,586$490,360$759,524
75$849,381$512,522$433,353$743,259
76$860,270$461,887$372,122$724,382
77$869,883$406,386$306,454$702,669
78$878,016$345,704$236,125$677,881
79$884,440$279,509$160,901$649,755
80$888,900$207,452$80,539$618,009
81$891,114$129,164$0$582,336
82$890,768$44,253$0$544,075
83$887,512$0$0$528,815
84$880,959$0$0$517,266
85$870,680$0$0$509,672
86$856,198$0$0$499,403
87$836,986$0$0$486,124
88$812,457$0$0$469,469
89$781,965$0$0$449,028
90$744,792$0$0$424,351
91$700,143$0$0$394,935
92$647,141$0$0$360,230
93$584,814$0$0$319,622
94$512,087$0$0$272,436
95$427,771$0$0$217,923
96$330,554$0$0$155,258
97$218,985$0$0$83,527
98$91,458$0$0$1,721
99$0$0$0$0
100$0$0$0$0