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%12.6%
1 years$57,310$56,799$56,301$55,815$55,341$54,740
2 years$28,371$27,843$27,331$26,834$26,353$25,748
3 years$18,726$18,196$17,685$17,193$16,719$16,129
4 years$13,905$13,376$12,870$12,387$11,924$11,353
5 years$11,013$10,487$9,988$9,514$9,065$8,514
6 years$9,085$8,563$8,072$7,608$7,173$6,644
7 years$7,709$7,191$6,707$6,255$5,833$5,326
8 years$6,677$6,164$5,688$5,247$4,839$4,354
9 years$5,875$5,367$4,899$4,470$4,075$3,612
10 years$5,234$4,731$4,271$3,853$3,472$3,030
11 years$4,710$4,212$3,761$3,353$2,986$2,565
12 years$4,273$3,780$3,337$2,941$2,588$2,187
13 years$3,904$3,416$2,982$2,597$2,257$1,876
14 years$3,588$3,105$2,679$2,305$1,978$1,617
15 years$3,314$2,837$2,419$2,056$1,742$1,399
16 years$3,075$2,603$2,193$1,841$1,539$1,215
17 years$2,864$2,397$1,996$1,654$1,365$1,058
18 years$2,676$2,215$1,822$1,490$1,214$924
19 years$2,509$2,053$1,668$1,347$1,082$808
20 years$2,359$1,907$1,531$1,220$966$709
21 years$2,223$1,777$1,408$1,107$865$622
22 years$2,099$1,658$1,297$1,006$775$547
23 years$1,987$1,551$1,198$917$696$482
24 years$1,884$1,453$1,108$836$625$424
25 years$1,789$1,364$1,026$763$563$374
26 years$1,702$1,282$952$698$507$330
27 years$1,621$1,206$884$639$457$292
28 years$1,547$1,137$822$585$412$258
29 years$1,477$1,072$765$537$372$228
30 years$1,413$1,013$712$493$336$202
31 years$1,352$957$664$453$304$179
32 years$1,296$906$619$416$275$158
33 years$1,243$858$578$382$249$140
34 years$1,193$813$540$352$225$124
35 years$1,146$771$505$324$204$110
36 years$1,102$732$473$298$185$98
37 years$1,061$695$442$275$168$87
38 years$1,021$661$414$253$152$77
39 years$984$628$388$234$138$68
40 years$949$598$364$215$125$60
41 years$915$569$341$199$113$54
42 years$884$542$320$183$103$48
43 years$853$516$300$169$93$42
44 years$825$492$282$156$85$37
45 years$797$469$265$144$77$33
46 years$771$448$249$133$70$29
47 years$746$427$234$123$63$26
48 years$722$408$219$114$58$23
49 years$699$389$206$105$52$21
50 years$678$372$194$97$48$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $694,000, adding $2,977 every year, while hoping to spend $54,837 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: 45/46/9 Blend
68$694,000$694,000$694,000$694,000
69$767,859$731,077$720,320$800,336
70$787,834$708,553$686,104$800,579
71$808,009$683,088$648,905$794,968
72$828,346$654,480$608,563$787,631
73$848,802$622,514$564,915$778,430
74$869,328$586,965$517,787$767,215
75$889,866$547,593$467,000$753,827
76$910,353$504,146$412,365$738,092
77$930,716$456,356$353,686$719,830
78$950,872$403,941$290,758$698,843
79$970,729$346,601$223,366$674,922
80$990,182$284,023$151,287$647,841
81$1,009,112$215,872$74,287$617,360
82$1,027,389$141,797$0$583,221
83$1,044,863$61,425$0$545,905
84$1,061,368$0$0$512,021
85$1,076,720$0$0$487,111
86$1,090,712$0$0$492,574
87$1,103,112$0$0$497,201
88$1,113,662$0$0$500,864
89$1,122,077$0$0$503,418
90$1,128,037$0$0$504,703
91$1,131,188$0$0$504,543
92$1,131,135$0$0$502,739
93$1,127,440$0$0$499,074
94$1,119,617$0$0$493,304
95$1,107,128$0$0$485,160
96$1,089,374$0$0$474,344
97$1,065,693$0$0$460,526
98$1,035,350$0$0$443,338
99$997,533$0$0$422,377
100$951,340$0$0$397,192