Can I retire at age 69 with 701,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $701,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$57,888$57,372$56,869$56,378$55,899$54,044
2 years$28,657$28,124$27,606$27,105$26,618$24,768
3 years$18,915$18,379$17,863$17,366$16,888$15,100
4 years$14,045$13,511$13,000$12,511$12,045$10,333
5 years$11,124$10,592$10,088$9,610$9,156$7,524
6 years$9,177$8,650$8,153$7,685$7,245$5,695
7 years$7,787$7,264$6,775$6,318$5,892$4,424
8 years$6,745$6,226$5,746$5,300$4,888$3,500
9 years$5,934$5,421$4,949$4,515$4,116$2,807
10 years$5,287$4,779$4,315$3,892$3,507$2,275
11 years$4,757$4,254$3,798$3,387$3,016$1,859
12 years$4,316$3,818$3,371$2,971$2,614$1,528
13 years$3,943$3,451$3,012$2,623$2,279$1,263
14 years$3,624$3,136$2,706$2,328$1,998$1,047
15 years$3,347$2,865$2,443$2,076$1,759$872
16 years$3,106$2,629$2,215$1,859$1,555$728
17 years$2,893$2,421$2,016$1,670$1,379$609
18 years$2,703$2,237$1,840$1,505$1,226$510
19 years$2,534$2,073$1,685$1,360$1,093$428
20 years$2,382$1,927$1,546$1,232$976$360
21 years$2,245$1,795$1,422$1,118$873$303
22 years$2,121$1,675$1,311$1,017$783$255
23 years$2,007$1,567$1,210$926$703$215
24 years$1,903$1,468$1,119$844$632$181
25 years$1,807$1,378$1,037$771$568$153
26 years$1,719$1,295$961$705$512$129
27 years$1,638$1,219$893$645$462$109
28 years$1,562$1,148$830$591$417$92
29 years$1,492$1,083$772$542$376$78
30 years$1,427$1,023$719$498$340$66
31 years$1,366$967$671$457$307$55
32 years$1,309$915$626$420$278$47
33 years$1,255$867$584$386$252$40
34 years$1,205$821$546$355$228$34
35 years$1,158$779$510$327$206$28
36 years$1,113$739$477$301$187$24
37 years$1,071$702$447$278$169$20
38 years$1,032$667$418$256$154$17
39 years$994$635$392$236$139$15
40 years$958$604$367$218$126$12
41 years$925$575$345$201$115$10
42 years$892$547$323$185$104$9
43 years$862$522$303$171$94$7
44 years$833$497$285$158$86$6
45 years$805$474$267$146$78$5
46 years$779$452$251$135$71$4
47 years$754$432$236$124$64$4
48 years$729$412$222$115$58$3
49 years$706$393$208$106$53$3
50 years$684$376$196$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $701,000, adding $3,088 every year, while hoping to spend $28,093 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: 69/14/17 Blend
68$701,000$701,000$701,000$701,000
69$775,687$738,534$727,669$825,862
70$824,917$744,832$722,155$865,994
71$878,226$750,496$715,515$906,273
72$936,001$755,467$707,681$949,638
73$998,668$759,680$698,583$996,392
74$1,066,694$763,065$688,147$1,046,867
75$1,140,592$765,551$676,295$1,101,428
76$1,220,928$767,059$662,947$1,160,482
77$1,308,324$767,506$648,018$1,224,473
78$1,403,466$766,806$631,418$1,293,894
79$1,507,104$764,865$613,056$1,369,288
80$1,620,069$761,584$592,834$1,451,253
81$1,743,273$756,858$570,650$1,540,449
82$1,877,719$750,576$546,399$1,637,606
83$2,024,512$742,620$519,970$1,743,526
84$2,184,870$732,866$491,246$1,859,096
85$2,360,130$721,180$460,106$1,985,294
86$2,551,767$707,422$426,424$2,123,197
87$2,761,405$691,443$390,066$2,273,995
88$2,990,831$673,086$350,896$2,439,001
89$3,242,013$652,184$308,768$2,619,659
90$3,517,118$628,561$263,531$2,817,567
91$3,818,533$602,029$215,029$3,034,484
92$4,148,886$572,392$163,095$3,272,351
93$4,511,073$539,439$107,559$3,533,308
94$4,908,281$502,950$48,241$3,819,716
95$5,344,022$462,691$0$4,134,177
96$5,822,164$418,415$0$4,482,296
97$6,346,968$369,861$0$4,874,020
98$6,923,127$316,752$0$5,304,118
99$7,555,810$258,797$0$5,776,478
100$8,250,713$195,688$0$6,295,385