Can I retire at age 69 with 694,000?

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 $694,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$57,310$56,799$56,301$55,815$55,341$54,604
2 years$28,371$27,843$27,331$26,834$26,353$25,612
3 years$18,726$18,196$17,685$17,193$16,719$15,997
4 years$13,905$13,376$12,870$12,387$11,924$11,226
5 years$11,013$10,487$9,988$9,514$9,065$8,393
6 years$9,085$8,563$8,072$7,608$7,173$6,528
7 years$7,709$7,191$6,707$6,255$5,833$5,216
8 years$6,677$6,164$5,688$5,247$4,839$4,249
9 years$5,875$5,367$4,899$4,470$4,075$3,512
10 years$5,234$4,731$4,271$3,853$3,472$2,936
11 years$4,710$4,212$3,761$3,353$2,986$2,476
12 years$4,273$3,780$3,337$2,941$2,588$2,103
13 years$3,904$3,416$2,982$2,597$2,257$1,797
14 years$3,588$3,105$2,679$2,305$1,978$1,542
15 years$3,314$2,837$2,419$2,056$1,742$1,329
16 years$3,075$2,603$2,193$1,841$1,539$1,150
17 years$2,864$2,397$1,996$1,654$1,365$997
18 years$2,676$2,215$1,822$1,490$1,214$867
19 years$2,509$2,053$1,668$1,347$1,082$755
20 years$2,359$1,907$1,531$1,220$966$659
21 years$2,223$1,777$1,408$1,107$865$576
22 years$2,099$1,658$1,297$1,006$775$504
23 years$1,987$1,551$1,198$917$696$442
24 years$1,884$1,453$1,108$836$625$387
25 years$1,789$1,364$1,026$763$563$340
26 years$1,702$1,282$952$698$507$299
27 years$1,621$1,206$884$639$457$263
28 years$1,547$1,137$822$585$412$231
29 years$1,477$1,072$765$537$372$203
30 years$1,413$1,013$712$493$336$179
31 years$1,352$957$664$453$304$158
32 years$1,296$906$619$416$275$139
33 years$1,243$858$578$382$249$123
34 years$1,193$813$540$352$225$108
35 years$1,146$771$505$324$204$95
36 years$1,102$732$473$298$185$84
37 years$1,061$695$442$275$168$74
38 years$1,021$661$414$253$152$65
39 years$984$628$388$234$138$58
40 years$949$598$364$215$125$51
41 years$915$569$341$199$113$45
42 years$884$542$320$183$103$40
43 years$853$516$300$169$93$35
44 years$825$492$282$156$85$31
45 years$797$469$265$144$77$27
46 years$771$448$249$133$70$24
47 years$746$427$234$123$63$21
48 years$722$408$219$114$58$19
49 years$699$389$206$105$52$17
50 years$678$372$194$97$48$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $694,000, adding $6,396 every year, while hoping to spend $57,531 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: 54/38/8 Blend
68$694,000$694,000$694,000$694,000
69$771,385$734,603$723,846$811,207
70$788,854$709,387$686,883$813,674
71$806,177$681,006$646,753$809,498
72$823,277$649,245$603,289$803,572
73$840,070$613,877$556,318$795,740
74$856,460$574,660$505,657$785,834
75$872,338$531,338$451,117$773,671
76$887,585$483,641$392,497$759,056
77$902,064$431,285$329,591$741,779
78$915,624$373,968$262,182$721,610
79$928,096$311,371$190,044$698,304
80$939,292$243,158$112,940$671,595
81$949,000$168,973$30,624$641,195
82$956,986$88,440$0$606,795
83$962,989$1,164$0$572,943
84$966,719$0$0$537,499
85$967,852$0$0$536,481
86$966,031$0$0$534,154
87$960,857$0$0$529,793
88$951,888$0$0$523,133
89$938,635$0$0$513,882
90$920,554$0$0$501,715
91$897,044$0$0$486,272
92$867,437$0$0$467,156
93$830,995$0$0$443,926
94$786,902$0$0$416,093
95$734,251$0$0$383,119
96$672,044$0$0$344,405
97$599,173$0$0$299,292
98$514,414$0$0$247,050
99$416,415$0$0$186,872
100$303,680$0$0$117,867