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%12%
1 years$58,383$57,863$57,356$56,861$56,377$55,905
2 years$28,903$28,364$27,843$27,337$26,846$26,370
3 years$19,077$18,536$18,016$17,515$17,032$16,567
4 years$14,165$13,626$13,111$12,619$12,148$11,697
5 years$11,219$10,683$10,175$9,692$9,234$8,800
6 years$9,255$8,724$8,223$7,751$7,307$6,889
7 years$7,853$7,326$6,833$6,373$5,942$5,541
8 years$6,802$6,280$5,795$5,346$4,930$4,545
9 years$5,985$5,468$4,991$4,553$4,152$3,784
10 years$5,332$4,819$4,351$3,925$3,537$3,186
11 years$4,798$4,291$3,831$3,416$3,042$2,707
12 years$4,353$3,851$3,400$2,996$2,636$2,317
13 years$3,977$3,480$3,038$2,645$2,299$1,995
14 years$3,655$3,163$2,729$2,348$2,015$1,726
15 years$3,376$2,890$2,464$2,094$1,774$1,500
16 years$3,132$2,651$2,234$1,875$1,568$1,308
17 years$2,917$2,442$2,033$1,685$1,390$1,144
18 years$2,727$2,256$1,856$1,518$1,236$1,003
19 years$2,556$2,091$1,699$1,372$1,102$881
20 years$2,403$1,943$1,559$1,243$984$776
21 years$2,264$1,810$1,434$1,128$881$684
22 years$2,139$1,690$1,322$1,025$790$604
23 years$2,024$1,580$1,220$934$709$534
24 years$1,919$1,481$1,129$852$637$473
25 years$1,823$1,389$1,045$778$573$419
26 years$1,734$1,306$970$711$516$372
27 years$1,652$1,229$900$651$466$330
28 years$1,576$1,158$837$596$420$293
29 years$1,505$1,092$779$547$379$261
30 years$1,439$1,032$725$502$343$232
31 years$1,378$975$676$461$310$206
32 years$1,320$923$631$424$280$183
33 years$1,266$874$589$390$254$163
34 years$1,215$828$551$358$230$145
35 years$1,168$786$515$330$208$130
36 years$1,123$746$481$304$188$115
37 years$1,080$708$451$280$171$103
38 years$1,040$673$422$258$155$92
39 years$1,003$640$395$238$140$82
40 years$967$609$371$219$127$73
41 years$932$580$348$203$116$65
42 years$900$552$326$187$105$58
43 years$869$526$306$173$95$52
44 years$840$501$287$159$86$46
45 years$812$478$270$147$78$41
46 years$785$456$253$136$71$37
47 years$760$435$238$126$65$33
48 years$736$415$224$116$59$29
49 years$713$397$210$107$53$26
50 years$690$379$198$99$48$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $707,000, adding $3,358 every year, while hoping to spend $24,246 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: 62/23/15 Blend
68$707,000$707,000$707,000$707,000
69$782,578$745,107$734,148$827,996
70$836,603$755,819$732,945$869,634
71$895,326$766,244$730,888$912,017
72$959,201$776,342$727,925$957,702
73$1,028,727$786,070$723,997$1,007,012
74$1,104,452$795,382$719,046$1,060,301
75$1,186,981$804,231$713,009$1,117,960
76$1,276,980$812,565$705,821$1,180,423
77$1,375,179$820,328$697,414$1,248,164
78$1,482,385$827,462$687,715$1,321,709
79$1,599,485$833,904$676,649$1,401,638
80$1,727,454$839,587$664,139$1,488,589
81$1,867,368$844,440$650,102$1,583,267
82$2,020,411$848,389$634,451$1,686,449
83$2,187,885$851,352$617,097$1,798,992
84$2,371,225$853,244$597,946$1,921,842
85$2,572,011$853,974$576,898$2,056,040
86$2,791,983$853,446$553,851$2,202,737
87$3,033,058$851,558$528,698$2,363,200
88$3,297,346$848,200$501,325$2,538,827
89$3,587,171$843,257$471,615$2,731,162
90$3,905,093$836,607$439,445$2,941,904
91$4,253,932$828,121$404,686$3,172,929
92$4,636,794$817,660$367,204$3,426,305
93$5,057,100$805,078$326,859$3,704,313
94$5,518,620$790,222$283,503$4,009,468
95$6,025,503$772,927$236,985$4,344,543
96$6,582,324$753,021$187,144$4,712,596
97$7,194,121$730,319$133,813$5,117,000
98$7,866,444$704,626$76,818$5,561,473
99$8,605,407$675,739$15,978$6,050,114
100$9,417,747$643,439$0$6,587,446