Can I retire at age 69 with 704,000?

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 $704,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$58,136$57,618$57,113$56,619$56,138$54,803
2 years$28,780$28,244$27,725$27,221$26,732$25,395
3 years$18,996$18,458$17,940$17,441$16,960$15,663
4 years$14,105$13,568$13,055$12,565$12,096$10,848
5 years$11,171$10,638$10,132$9,651$9,195$8,000
6 years$9,216$8,687$8,188$7,718$7,276$6,135
7 years$7,820$7,295$6,804$6,345$5,917$4,831
8 years$6,773$6,253$5,770$5,323$4,909$3,877
9 years$5,960$5,444$4,970$4,534$4,134$3,155
10 years$5,309$4,799$4,333$3,908$3,522$2,596
11 years$4,777$4,272$3,815$3,401$3,029$2,153
12 years$4,335$3,835$3,385$2,984$2,625$1,799
13 years$3,960$3,465$3,025$2,634$2,289$1,510
14 years$3,639$3,150$2,718$2,338$2,007$1,274
15 years$3,362$2,877$2,454$2,085$1,767$1,078
16 years$3,119$2,640$2,225$1,867$1,562$916
17 years$2,905$2,431$2,024$1,678$1,385$780
18 years$2,715$2,247$1,848$1,512$1,231$665
19 years$2,545$2,082$1,692$1,366$1,097$568
20 years$2,393$1,935$1,553$1,237$980$486
21 years$2,255$1,802$1,428$1,123$877$417
22 years$2,130$1,682$1,316$1,021$786$358
23 years$2,015$1,573$1,215$930$706$307
24 years$1,911$1,474$1,124$848$634$264
25 years$1,815$1,384$1,041$774$571$227
26 years$1,727$1,300$965$708$514$195
27 years$1,645$1,224$897$648$464$168
28 years$1,569$1,153$833$594$418$145
29 years$1,499$1,088$776$545$378$125
30 years$1,433$1,027$722$500$341$108
31 years$1,372$971$673$459$309$93
32 years$1,314$919$628$422$279$80
33 years$1,261$870$587$388$253$69
34 years$1,210$825$548$357$229$59
35 years$1,163$782$513$329$207$51
36 years$1,118$743$479$303$188$44
37 years$1,076$705$449$279$170$38
38 years$1,036$670$420$257$154$33
39 years$998$637$394$237$140$28
40 years$962$606$369$219$127$25
41 years$929$577$346$202$115$21
42 years$896$550$325$186$104$18
43 years$866$524$305$172$95$16
44 years$836$499$286$159$86$14
45 years$809$476$268$146$78$12
46 years$782$454$252$135$71$10
47 years$757$433$237$125$64$9
48 years$733$414$223$116$58$8
49 years$709$395$209$107$53$7
50 years$687$377$197$99$48$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $704,000, adding $4,384 every year, while hoping to spend $59,343 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: 66/13/21 Blend
68$704,000$704,000$704,000$704,000
69$780,330$743,018$732,106$827,403
70$796,783$716,285$693,491$832,805
71$812,926$686,254$651,594$831,518
72$828,663$652,700$606,241$828,711
73$843,890$615,385$557,253$824,235
74$858,486$574,058$504,441$817,930
75$872,320$528,456$447,608$809,620
76$885,243$478,296$386,549$799,114
77$897,087$423,282$321,048$786,204
78$907,669$363,102$250,882$770,665
79$916,781$297,424$175,816$752,250
80$924,194$225,898$95,607$730,691
81$929,650$148,156$9,998$705,696
82$932,865$63,806$0$676,948
83$933,523$0$0$662,330
84$931,270$0$0$650,753
85$925,718$0$0$645,878
86$916,433$0$0$638,261
87$902,933$0$0$627,551
88$884,687$0$0$613,362
89$861,104$0$0$595,261
90$831,530$0$0$572,774
91$795,241$0$0$545,372
92$751,436$0$0$512,471
93$699,227$0$0$473,426
94$637,635$0$0$427,522
95$565,573$0$0$373,968
96$481,843$0$0$311,892
97$385,117$0$0$240,326
98$273,930$0$0$158,205
99$146,662$0$0$64,348
100$1,524$0$0$0