Can I retire at age 69 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$57,558$57,045$56,545$56,056$55,580$54,502
2 years$28,494$27,963$27,449$26,950$26,467$25,385
3 years$18,807$18,274$17,761$17,267$16,791$15,740
4 years$13,965$13,434$12,926$12,440$11,976$10,963
5 years$11,060$10,532$10,031$9,555$9,104$8,132
6 years$9,124$8,600$8,106$7,641$7,204$6,273
7 years$7,742$7,222$6,736$6,282$5,858$4,971
8 years$6,706$6,191$5,713$5,270$4,860$4,014
9 years$5,901$5,390$4,921$4,489$4,093$3,289
10 years$5,257$4,751$4,290$3,870$3,487$2,724
11 years$4,730$4,230$3,777$3,368$2,999$2,276
12 years$4,291$3,796$3,352$2,954$2,599$1,914
13 years$3,921$3,431$2,995$2,608$2,266$1,619
14 years$3,603$3,119$2,691$2,315$1,987$1,376
15 years$3,328$2,849$2,429$2,065$1,749$1,174
16 years$3,088$2,614$2,203$1,849$1,546$1,005
17 years$2,876$2,407$2,004$1,661$1,371$862
18 years$2,688$2,224$1,830$1,497$1,219$741
19 years$2,520$2,062$1,675$1,353$1,086$639
20 years$2,369$1,916$1,537$1,225$970$551
21 years$2,232$1,784$1,414$1,112$868$476
22 years$2,108$1,666$1,303$1,011$778$412
23 years$1,995$1,558$1,203$921$699$357
24 years$1,892$1,460$1,113$840$628$310
25 years$1,797$1,370$1,031$767$565$269
26 years$1,709$1,287$956$701$509$233
27 years$1,628$1,212$888$642$459$202
28 years$1,553$1,142$825$588$414$176
29 years$1,484$1,077$768$539$374$153
30 years$1,419$1,017$715$495$338$133
31 years$1,358$962$667$454$305$116
32 years$1,301$910$622$418$276$101
33 years$1,248$862$581$384$250$88
34 years$1,198$817$543$353$226$76
35 years$1,151$775$507$325$205$66
36 years$1,107$735$475$300$186$58
37 years$1,065$698$444$276$168$50
38 years$1,026$664$416$254$153$44
39 years$988$631$390$235$138$38
40 years$953$600$365$216$126$33
41 years$919$571$343$200$114$29
42 years$887$544$321$184$103$25
43 years$857$519$302$170$94$22
44 years$828$494$283$157$85$19
45 years$801$471$266$145$77$17
46 years$774$450$250$134$70$15
47 years$749$429$235$124$64$13
48 years$725$410$220$114$58$11
49 years$702$391$207$106$53$10
50 years$681$374$195$98$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $697,000, adding $6,756 every year, while hoping to spend $52,610 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: 67/28/5 Blend
68$697,000$697,000$697,000$697,000
69$775,063$738,122$727,318$826,062
70$798,143$718,313$695,707$840,921
71$821,813$695,771$661,273$850,145
72$846,079$670,305$623,867$858,802
73$870,945$641,715$583,332$866,826
74$896,411$609,789$539,503$874,149
75$922,479$574,302$492,211$880,696
76$949,147$535,018$441,275$886,387
77$976,410$491,685$386,508$891,137
78$1,004,264$444,037$327,716$894,853
79$1,032,700$391,796$264,695$897,436
80$1,061,704$334,663$197,232$898,780
81$1,091,263$272,326$125,104$898,769
82$1,121,357$204,455$48,080$897,280
83$1,151,962$130,700$0$894,182
84$1,183,049$50,692$0$891,152
85$1,214,586$0$0$889,073
86$1,246,532$0$0$896,307
87$1,278,840$0$0$919,403
88$1,311,456$0$0$942,703
89$1,344,317$0$0$966,160
90$1,377,351$0$0$989,719
91$1,410,477$0$0$1,013,318
92$1,443,599$0$0$1,036,889
93$1,476,611$0$0$1,060,350
94$1,509,392$0$0$1,083,612
95$1,541,805$0$0$1,106,573
96$1,573,695$0$0$1,129,117
97$1,604,889$0$0$1,151,115
98$1,635,191$0$0$1,172,422
99$1,664,382$0$0$1,192,876
100$1,692,216$0$0$1,212,292