Can I retire at age 69 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$58,383$57,863$57,356$56,861$56,377$54,334
2 years$28,903$28,364$27,843$27,337$26,846$24,810
3 years$19,077$18,536$18,016$17,515$17,032$15,067
4 years$14,165$13,626$13,111$12,619$12,148$10,269
5 years$11,219$10,683$10,175$9,692$9,234$7,446
6 years$9,255$8,724$8,223$7,751$7,307$5,611
7 years$7,853$7,326$6,833$6,373$5,942$4,339
8 years$6,802$6,280$5,795$5,346$4,930$3,417
9 years$5,985$5,468$4,991$4,553$4,152$2,727
10 years$5,332$4,819$4,351$3,925$3,537$2,199
11 years$4,798$4,291$3,831$3,416$3,042$1,787
12 years$4,353$3,851$3,400$2,996$2,636$1,461
13 years$3,977$3,480$3,038$2,645$2,299$1,201
14 years$3,655$3,163$2,729$2,348$2,015$991
15 years$3,376$2,890$2,464$2,094$1,774$820
16 years$3,132$2,651$2,234$1,875$1,568$680
17 years$2,917$2,442$2,033$1,685$1,390$566
18 years$2,727$2,256$1,856$1,518$1,236$471
19 years$2,556$2,091$1,699$1,372$1,102$393
20 years$2,403$1,943$1,559$1,243$984$328
21 years$2,264$1,810$1,434$1,128$881$275
22 years$2,139$1,690$1,322$1,025$790$230
23 years$2,024$1,580$1,220$934$709$192
24 years$1,919$1,481$1,129$852$637$161
25 years$1,823$1,389$1,045$778$573$135
26 years$1,734$1,306$970$711$516$113
27 years$1,652$1,229$900$651$466$95
28 years$1,576$1,158$837$596$420$80
29 years$1,505$1,092$779$547$379$67
30 years$1,439$1,032$725$502$343$56
31 years$1,378$975$676$461$310$47
32 years$1,320$923$631$424$280$40
33 years$1,266$874$589$390$254$33
34 years$1,215$828$551$358$230$28
35 years$1,168$786$515$330$208$23
36 years$1,123$746$481$304$188$20
37 years$1,080$708$451$280$171$17
38 years$1,040$673$422$258$155$14
39 years$1,003$640$395$238$140$12
40 years$967$609$371$219$127$10
41 years$932$580$348$203$116$8
42 years$900$552$326$187$105$7
43 years$869$526$306$173$95$6
44 years$840$501$287$159$86$5
45 years$812$478$270$147$78$4
46 years$785$456$253$136$71$3
47 years$760$435$238$126$65$3
48 years$736$415$224$116$59$2
49 years$713$397$210$107$53$2
50 years$690$379$198$99$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $707,000, adding $6,658 every year, while hoping to spend $51,556 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: 31/44/25 Blend
68$707,000$707,000$707,000$707,000
69$785,982$748,511$737,552$804,132
70$811,297$730,333$707,405$800,400
71$837,466$709,536$674,520$791,350
72$864,522$685,938$638,751$780,569
73$892,499$659,344$599,945$767,939
74$921,434$629,552$557,943$753,337
75$951,363$596,343$512,577$736,633
76$982,328$559,490$463,674$717,690
77$1,014,370$518,749$411,052$696,364
78$1,047,533$473,865$354,519$672,502
79$1,081,864$424,567$293,878$645,944
80$1,117,412$370,570$228,922$616,523
81$1,154,231$311,570$159,433$584,060
82$1,192,374$247,249$85,186$548,368
83$1,231,901$177,269$5,945$509,252
84$1,272,874$101,274$0$466,503
85$1,315,358$18,887$0$440,878
86$1,359,425$0$0$414,231
87$1,405,148$0$0$418,838
88$1,452,607$0$0$433,124
89$1,501,887$0$0$447,970
90$1,553,080$0$0$463,408
91$1,606,280$0$0$479,467
92$1,661,593$0$0$496,181
93$1,719,129$0$0$513,586
94$1,779,007$0$0$531,720
95$1,841,356$0$0$550,624
96$1,906,312$0$0$570,345
97$1,974,024$0$0$590,928
98$2,044,650$0$0$612,427
99$2,118,363$0$0$634,898
100$2,195,346$0$0$658,400