Can I retire at age 69 with 699,000?

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 $699,000?

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$57,723$57,209$56,707$56,217$55,739$54,659
2 years$28,576$28,043$27,528$27,028$26,542$25,458
3 years$18,861$18,327$17,812$17,317$16,840$15,785
4 years$14,005$13,472$12,963$12,476$12,010$10,994
5 years$11,092$10,562$10,060$9,583$9,130$8,155
6 years$9,151$8,625$8,130$7,663$7,224$6,291
7 years$7,764$7,243$6,756$6,300$5,875$4,985
8 years$6,725$6,209$5,729$5,285$4,874$4,026
9 years$5,917$5,406$4,935$4,502$4,105$3,298
10 years$5,272$4,765$4,302$3,881$3,497$2,732
11 years$4,744$4,242$3,788$3,377$3,008$2,282
12 years$4,304$3,807$3,361$2,962$2,607$1,920
13 years$3,932$3,441$3,003$2,615$2,273$1,624
14 years$3,614$3,128$2,698$2,322$1,992$1,380
15 years$3,338$2,857$2,436$2,070$1,754$1,177
16 years$3,097$2,621$2,209$1,854$1,550$1,008
17 years$2,884$2,414$2,010$1,666$1,375$865
18 years$2,696$2,231$1,835$1,501$1,222$743
19 years$2,527$2,067$1,680$1,356$1,090$641
20 years$2,376$1,921$1,542$1,228$973$553
21 years$2,239$1,789$1,418$1,115$871$478
22 years$2,114$1,670$1,307$1,014$781$413
23 years$2,001$1,562$1,207$923$701$358
24 years$1,897$1,464$1,116$842$630$310
25 years$1,802$1,374$1,034$769$567$269
26 years$1,714$1,291$959$703$511$234
27 years$1,633$1,215$890$644$460$203
28 years$1,558$1,145$827$590$415$176
29 years$1,488$1,080$770$541$375$153
30 years$1,423$1,020$717$496$339$133
31 years$1,362$964$669$456$306$116
32 years$1,305$912$624$419$277$101
33 years$1,252$864$583$385$251$88
34 years$1,202$819$544$354$227$77
35 years$1,155$777$509$326$206$67
36 years$1,110$737$476$300$186$58
37 years$1,068$700$446$277$169$51
38 years$1,029$665$417$255$153$44
39 years$991$633$391$235$139$38
40 years$956$602$366$217$126$33
41 years$922$573$344$200$114$29
42 years$890$546$322$185$104$25
43 years$859$520$302$171$94$22
44 years$831$496$284$157$85$19
45 years$803$473$267$145$78$17
46 years$777$451$250$134$70$15
47 years$751$430$235$124$64$13
48 years$727$411$221$115$58$11
49 years$704$392$208$106$53$10
50 years$682$375$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 $699,000, adding $3,742 every year, while hoping to spend $49,634 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: 56/32/12 Blend
68$699,000$699,000$699,000$699,000
69$774,158$737,111$726,276$814,958
70$800,312$720,419$697,796$826,316
71$827,470$701,246$666,699$832,911
72$855,682$679,417$632,844$838,927
73$885,002$654,749$596,084$844,318
74$915,487$627,047$556,268$849,033
75$947,198$596,103$513,234$853,024
76$980,201$561,701$466,816$856,235
77$1,014,567$523,610$416,840$858,612
78$1,050,371$481,585$363,122$860,097
79$1,087,695$435,369$305,473$860,631
80$1,126,627$384,689$243,694$860,151
81$1,167,262$329,257$177,576$858,595
82$1,209,701$268,770$106,904$855,896
83$1,254,056$202,905$31,450$851,986
84$1,300,446$131,323$0$846,797
85$1,348,999$53,666$0$846,539
86$1,399,855$0$0$849,564
87$1,453,167$0$0$862,521
88$1,509,098$0$0$895,958
89$1,567,827$0$0$931,088
90$1,629,547$0$0$968,028
91$1,694,470$0$0$1,006,909
92$1,762,824$0$0$1,047,870
93$1,834,859$0$0$1,091,064
94$1,910,847$0$0$1,136,658
95$1,991,084$0$0$1,184,833
96$2,075,892$0$0$1,235,787
97$2,165,626$0$0$1,289,737
98$2,260,669$0$0$1,346,918
99$2,361,442$0$0$1,407,589
100$2,468,405$0$0$1,472,033