Can I retire at age 69 with 693,000?

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 $693,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$57,227$56,718$56,220$55,735$55,261$53,794
2 years$28,330$27,803$27,291$26,796$26,315$24,847
3 years$18,699$18,169$17,659$17,168$16,695$15,273
4 years$13,885$13,356$12,851$12,369$11,907$10,541
5 years$10,997$10,472$9,973$9,500$9,052$7,745
6 years$9,072$8,551$8,060$7,598$7,162$5,917
7 years$7,698$7,181$6,698$6,246$5,825$4,641
8 years$6,668$6,155$5,680$5,240$4,832$3,709
9 years$5,867$5,359$4,892$4,463$4,069$3,006
10 years$5,226$4,724$4,265$3,847$3,467$2,462
11 years$4,703$4,206$3,755$3,348$2,982$2,033
12 years$4,267$3,775$3,333$2,937$2,584$1,691
13 years$3,898$3,411$2,977$2,593$2,253$1,413
14 years$3,583$3,101$2,675$2,302$1,975$1,186
15 years$3,309$2,833$2,415$2,053$1,739$999
16 years$3,070$2,599$2,190$1,838$1,537$844
17 years$2,860$2,393$1,993$1,651$1,363$715
18 years$2,673$2,212$1,819$1,488$1,212$607
19 years$2,506$2,050$1,665$1,345$1,080$516
20 years$2,355$1,905$1,528$1,218$965$439
21 years$2,220$1,774$1,406$1,105$863$374
22 years$2,096$1,656$1,296$1,005$774$319
23 years$1,984$1,549$1,196$915$695$273
24 years$1,881$1,451$1,106$835$624$233
25 years$1,787$1,362$1,025$762$562$199
26 years$1,700$1,280$950$697$506$171
27 years$1,619$1,205$882$638$456$146
28 years$1,545$1,135$820$585$412$125
29 years$1,475$1,071$763$536$372$107
30 years$1,411$1,011$711$492$336$92
31 years$1,350$956$663$452$304$79
32 years$1,294$905$619$415$275$67
33 years$1,241$857$578$382$249$58
34 years$1,191$812$540$351$225$50
35 years$1,145$770$505$323$204$43
36 years$1,101$731$472$298$185$36
37 years$1,059$694$442$274$167$31
38 years$1,020$660$414$253$152$27
39 years$983$627$388$233$138$23
40 years$947$597$363$215$125$20
41 years$914$568$341$198$113$17
42 years$882$541$320$183$103$15
43 years$852$516$300$169$93$12
44 years$823$491$281$156$85$11
45 years$796$469$264$144$77$9
46 years$770$447$248$133$70$8
47 years$745$427$233$123$63$7
48 years$721$407$219$114$58$6
49 years$698$389$206$105$52$5
50 years$677$372$194$97$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $693,000, adding $3,492 every year, while hoping to spend $33,349 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: 80/6/14 Blend
68$693,000$693,000$693,000$693,000
69$767,288$730,559$719,817$826,251
70$810,068$730,873$708,448$865,829
71$856,094$730,085$695,581$904,594
72$905,662$728,106$681,129$946,180
73$959,097$724,840$665,004$990,856
74$1,016,755$720,187$647,112$1,038,915
75$1,079,029$714,042$627,355$1,090,683
76$1,146,350$706,289$605,631$1,146,518
77$1,219,191$696,811$581,833$1,206,816
78$1,298,073$685,480$555,849$1,272,009
79$1,383,569$672,160$527,562$1,342,579
80$1,476,308$656,711$496,850$1,419,053
81$1,576,982$638,980$463,586$1,502,014
82$1,686,352$618,809$427,634$1,592,104
83$1,805,257$596,027$388,856$1,690,031
84$1,934,617$570,456$347,107$1,796,574
85$2,075,447$541,907$302,234$1,912,593
86$2,228,861$510,180$254,077$2,039,038
87$2,396,088$475,061$202,472$2,176,951
88$2,578,478$436,328$147,244$2,327,487
89$2,777,519$393,744$88,212$2,491,914
90$2,994,846$347,059$25,188$2,671,632
91$3,232,263$296,007$0$2,868,186
92$3,491,753$240,310$0$3,089,561
93$3,775,499$179,673$0$3,335,773
94$4,085,907$113,784$0$3,605,154
95$4,425,623$42,313$0$3,900,019
96$4,797,563$0$0$4,222,916
97$5,204,938$0$0$4,578,967
98$5,651,282$0$0$4,972,159
99$6,140,491$0$0$5,403,129
100$6,676,851$0$0$5,875,659