Can I retire at age 69 with 698,000?

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 $698,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$57,640$57,127$56,626$56,137$55,660$54,648
2 years$28,535$28,003$27,488$26,989$26,505$25,489
3 years$18,834$18,300$17,787$17,292$16,816$15,827
4 years$13,985$13,453$12,944$12,458$11,993$11,040
5 years$11,076$10,547$10,045$9,569$9,117$8,202
6 years$9,137$8,613$8,118$7,652$7,214$6,338
7 years$7,753$7,233$6,746$6,291$5,867$5,030
8 years$6,716$6,200$5,721$5,278$4,867$4,070
9 years$5,909$5,398$4,928$4,495$4,099$3,340
10 years$5,264$4,758$4,296$3,875$3,492$2,771
11 years$4,737$4,236$3,782$3,373$3,004$2,320
12 years$4,298$3,802$3,357$2,958$2,603$1,955
13 years$3,926$3,436$2,999$2,612$2,270$1,657
14 years$3,608$3,123$2,695$2,318$1,990$1,411
15 years$3,333$2,853$2,433$2,067$1,752$1,206
16 years$3,092$2,618$2,206$1,851$1,548$1,035
17 years$2,880$2,411$2,007$1,663$1,373$890
18 years$2,692$2,228$1,832$1,499$1,221$767
19 years$2,524$2,064$1,677$1,354$1,088$662
20 years$2,372$1,918$1,539$1,227$972$573
21 years$2,236$1,787$1,416$1,113$870$496
22 years$2,111$1,668$1,305$1,012$780$430
23 years$1,998$1,560$1,205$922$700$373
24 years$1,895$1,462$1,114$841$629$325
25 years$1,800$1,372$1,032$768$566$282
26 years$1,712$1,289$957$702$510$246
27 years$1,631$1,213$889$643$460$214
28 years$1,556$1,143$826$589$415$186
29 years$1,486$1,079$769$540$374$162
30 years$1,421$1,019$716$496$338$142
31 years$1,360$963$668$455$306$123
32 years$1,303$911$623$418$277$108
33 years$1,250$863$582$385$250$94
34 years$1,200$818$544$354$227$82
35 years$1,153$776$508$326$205$72
36 years$1,109$736$475$300$186$63
37 years$1,067$699$445$276$169$55
38 years$1,027$664$417$255$153$48
39 years$990$632$390$235$139$42
40 years$954$601$366$217$126$36
41 years$921$572$343$200$114$32
42 years$889$545$322$185$104$28
43 years$858$519$302$170$94$24
44 years$829$495$283$157$85$21
45 years$802$472$266$145$77$19
46 years$775$450$250$134$70$16
47 years$750$430$235$124$64$14
48 years$726$410$221$115$58$12
49 years$703$392$207$106$53$11
50 years$681$374$195$98$48$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $698,000, adding $6,511 every year, while hoping to spend $36,827 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: 29/46/25 Blend
68$698,000$698,000$698,000$698,000
69$775,912$738,918$728,099$792,240
70$815,871$735,941$713,307$802,528
71$858,672$731,585$696,785$809,910
72$904,566$725,741$678,436$817,093
73$953,827$718,298$658,159$824,085
74$1,006,759$709,136$635,848$830,897
75$1,063,692$698,127$611,393$837,546
76$1,124,991$685,138$584,677$844,052
77$1,191,055$670,025$555,579$850,444
78$1,262,325$652,638$523,973$856,758
79$1,339,283$632,818$489,727$863,035
80$1,422,458$610,395$452,701$869,328
81$1,512,434$585,189$412,752$875,700
82$1,609,852$557,013$369,728$882,225
83$1,715,415$525,665$323,473$888,992
84$1,829,899$490,934$273,821$896,102
85$1,954,154$452,596$220,600$903,676
86$2,089,119$410,413$163,630$911,853
87$2,235,822$364,137$102,725$920,792
88$2,395,398$313,502$37,688$930,679
89$2,569,093$258,228$0$941,723
90$2,758,281$198,021$0$962,627
91$2,964,470$132,569$0$996,484
92$3,189,324$61,542$0$1,033,601
93$3,434,670$0$0$1,074,394
94$3,702,523$0$0$1,127,129
95$3,995,099$0$0$1,218,862
96$4,314,837$0$0$1,319,221
97$4,664,424$0$0$1,429,061
98$5,046,818$0$0$1,549,326
99$5,465,274$0$0$1,681,055
100$5,923,379$0$0$1,825,392