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%11.6%
1 years$57,310$56,799$56,301$55,815$55,341$54,969
2 years$28,371$27,843$27,331$26,834$26,353$25,978
3 years$18,726$18,196$17,685$17,193$16,719$16,353
4 years$13,905$13,376$12,870$12,387$11,924$11,569
5 years$11,013$10,487$9,988$9,514$9,065$8,722
6 years$9,085$8,563$8,072$7,608$7,173$6,842
7 years$7,709$7,191$6,707$6,255$5,833$5,516
8 years$6,677$6,164$5,688$5,247$4,839$4,535
9 years$5,875$5,367$4,899$4,470$4,075$3,784
10 years$5,234$4,731$4,271$3,853$3,472$3,193
11 years$4,710$4,212$3,761$3,353$2,986$2,720
12 years$4,273$3,780$3,337$2,941$2,588$2,334
13 years$3,904$3,416$2,982$2,597$2,257$2,015
14 years$3,588$3,105$2,679$2,305$1,978$1,748
15 years$3,314$2,837$2,419$2,056$1,742$1,523
16 years$3,075$2,603$2,193$1,841$1,539$1,331
17 years$2,864$2,397$1,996$1,654$1,365$1,168
18 years$2,676$2,215$1,822$1,490$1,214$1,027
19 years$2,509$2,053$1,668$1,347$1,082$905
20 years$2,359$1,907$1,531$1,220$966$799
21 years$2,223$1,777$1,408$1,107$865$707
22 years$2,099$1,658$1,297$1,006$775$626
23 years$1,987$1,551$1,198$917$696$555
24 years$1,884$1,453$1,108$836$625$493
25 years$1,789$1,364$1,026$763$563$438
26 years$1,702$1,282$952$698$507$390
27 years$1,621$1,206$884$639$457$347
28 years$1,547$1,137$822$585$412$309
29 years$1,477$1,072$765$537$372$276
30 years$1,413$1,013$712$493$336$246
31 years$1,352$957$664$453$304$220
32 years$1,296$906$619$416$275$196
33 years$1,243$858$578$382$249$175
34 years$1,193$813$540$352$225$157
35 years$1,146$771$505$324$204$140
36 years$1,102$732$473$298$185$125
37 years$1,061$695$442$275$168$112
38 years$1,021$661$414$253$152$100
39 years$984$628$388$234$138$89
40 years$949$598$364$215$125$80
41 years$915$569$341$199$113$72
42 years$884$542$320$183$103$64
43 years$853$516$300$169$93$57
44 years$825$492$282$156$85$51
45 years$797$469$265$144$77$46
46 years$771$448$249$133$70$41
47 years$746$427$234$123$63$37
48 years$722$408$219$114$58$33
49 years$699$389$206$105$52$30
50 years$678$372$194$97$48$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $694,000, adding $5,134 every year, while hoping to spend $35,896 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: 51/43/6 Blend
68$694,000$694,000$694,000$694,000
69$770,084$733,302$722,545$807,980
70$810,439$731,040$708,557$832,039
71$853,708$727,465$692,897$853,864
72$900,149$722,474$675,472$876,726
73$950,047$715,958$656,183$900,730
74$1,003,714$707,802$634,928$925,995
75$1,061,493$697,885$611,599$952,650
76$1,123,761$686,077$586,083$980,843
77$1,190,931$672,241$558,263$1,010,737
78$1,263,458$656,233$528,016$1,042,514
79$1,341,840$637,898$495,215$1,076,378
80$1,426,627$617,074$459,724$1,112,555
81$1,518,422$593,589$421,403$1,151,300
82$1,617,888$567,262$380,107$1,192,892
83$1,725,753$537,899$335,681$1,237,646
84$1,842,821$505,296$287,967$1,285,911
85$1,969,972$469,239$236,797$1,338,074
86$2,108,176$429,499$181,997$1,394,568
87$2,258,502$385,836$123,386$1,455,873
88$2,422,122$337,995$60,772$1,522,522
89$2,600,329$285,708$0$1,595,107
90$2,794,545$228,689$0$1,674,674
91$3,006,333$166,640$0$1,765,744
92$3,237,416$99,242$0$1,865,247
93$3,489,690$26,162$0$1,974,097
94$3,765,240$0$0$2,093,307
95$4,066,364$0$0$2,249,056
96$4,395,590$0$0$2,432,943
97$4,755,702$0$0$2,634,153
98$5,149,767$0$0$2,854,408
99$5,581,159$0$0$3,095,603
100$6,053,595$0$0$3,359,827