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%13.4%
1 years$58,383$57,863$57,356$56,861$56,377$55,581
2 years$28,903$28,364$27,843$27,337$26,846$26,045
3 years$19,077$18,536$18,016$17,515$17,032$16,252
4 years$14,165$13,626$13,111$12,619$12,148$11,394
5 years$11,219$10,683$10,175$9,692$9,234$8,509
6 years$9,255$8,724$8,223$7,751$7,307$6,611
7 years$7,853$7,326$6,833$6,373$5,942$5,276
8 years$6,802$6,280$5,795$5,346$4,930$4,294
9 years$5,985$5,468$4,991$4,553$4,152$3,545
10 years$5,332$4,819$4,351$3,925$3,537$2,959
11 years$4,798$4,291$3,831$3,416$3,042$2,493
12 years$4,353$3,851$3,400$2,996$2,636$2,114
13 years$3,977$3,480$3,038$2,645$2,299$1,804
14 years$3,655$3,163$2,729$2,348$2,015$1,547
15 years$3,376$2,890$2,464$2,094$1,774$1,331
16 years$3,132$2,651$2,234$1,875$1,568$1,150
17 years$2,917$2,442$2,033$1,685$1,390$996
18 years$2,727$2,256$1,856$1,518$1,236$864
19 years$2,556$2,091$1,699$1,372$1,102$752
20 years$2,403$1,943$1,559$1,243$984$655
21 years$2,264$1,810$1,434$1,128$881$572
22 years$2,139$1,690$1,322$1,025$790$500
23 years$2,024$1,580$1,220$934$709$437
24 years$1,919$1,481$1,129$852$637$383
25 years$1,823$1,389$1,045$778$573$336
26 years$1,734$1,306$970$711$516$294
27 years$1,652$1,229$900$651$466$258
28 years$1,576$1,158$837$596$420$227
29 years$1,505$1,092$779$547$379$199
30 years$1,439$1,032$725$502$343$175
31 years$1,378$975$676$461$310$154
32 years$1,320$923$631$424$280$136
33 years$1,266$874$589$390$254$119
34 years$1,215$828$551$358$230$105
35 years$1,168$786$515$330$208$92
36 years$1,123$746$481$304$188$81
37 years$1,080$708$451$280$171$72
38 years$1,040$673$422$258$155$63
39 years$1,003$640$395$238$140$56
40 years$967$609$371$219$127$49
41 years$932$580$348$203$116$43
42 years$900$552$326$187$105$38
43 years$869$526$306$173$95$34
44 years$840$501$287$159$86$30
45 years$812$478$270$147$78$26
46 years$785$456$253$136$71$23
47 years$760$435$238$126$65$20
48 years$736$415$224$116$59$18
49 years$713$397$210$107$53$16
50 years$690$379$198$99$48$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $707,000, adding $3,780 every year, while hoping to spend $50,711 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: 59/19/22 Blend
68$707,000$707,000$707,000$707,000
69$783,013$745,542$734,584$824,416
70$808,924$728,118$705,236$835,564
71$835,779$708,140$673,206$841,890
72$863,619$685,430$638,349$847,675
73$892,491$659,798$600,517$852,875
74$922,443$631,046$559,551$857,448
75$953,525$598,960$515,290$861,346
76$985,793$563,318$467,560$864,523
77$1,019,306$523,882$416,185$866,928
78$1,054,125$480,402$360,977$868,510
79$1,090,317$432,613$301,741$869,215
80$1,127,953$380,235$238,274$868,989
81$1,167,112$322,974$170,363$867,773
82$1,207,873$260,516$97,786$865,509
83$1,250,327$192,531$20,313$862,136
84$1,294,567$118,672$0$857,591
85$1,340,696$38,570$0$866,450
86$1,388,823$0$0$880,047
87$1,439,068$0$0$903,674
88$1,491,558$0$0$936,795
89$1,546,433$0$0$971,434
90$1,603,840$0$0$1,007,688
91$1,663,943$0$0$1,045,660
92$1,726,916$0$0$1,085,463
93$1,792,950$0$0$1,127,221
94$1,862,250$0$0$1,171,065
95$1,935,042$0$0$1,217,141
96$2,011,568$0$0$1,265,606
97$2,092,093$0$0$1,316,630
98$2,176,904$0$0$1,370,399
99$2,266,317$0$0$1,427,116
100$2,360,671$0$0$1,487,002