Can I retire at age 69 with 708,000?

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 $708,000?

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$58,466$57,945$57,437$56,941$56,457$55,114
2 years$28,944$28,405$27,882$27,376$26,884$25,540
3 years$19,104$18,563$18,042$17,540$17,056$15,752
4 years$14,185$13,646$13,130$12,636$12,165$10,910
5 years$11,235$10,698$10,189$9,706$9,248$8,046
6 years$9,268$8,736$8,234$7,762$7,317$6,170
7 years$7,864$7,336$6,843$6,382$5,951$4,859
8 years$6,812$6,289$5,803$5,353$4,937$3,899
9 years$5,994$5,475$4,998$4,560$4,158$3,173
10 years$5,339$4,826$4,358$3,931$3,542$2,610
11 years$4,805$4,297$3,836$3,421$3,047$2,166
12 years$4,359$3,856$3,405$3,001$2,640$1,809
13 years$3,983$3,485$3,042$2,649$2,302$1,519
14 years$3,660$3,168$2,733$2,351$2,018$1,281
15 years$3,381$2,894$2,468$2,097$1,777$1,085
16 years$3,137$2,655$2,237$1,878$1,570$921
17 years$2,922$2,445$2,036$1,687$1,392$784
18 years$2,730$2,259$1,858$1,520$1,238$669
19 years$2,560$2,094$1,701$1,374$1,104$572
20 years$2,406$1,946$1,561$1,244$986$489
21 years$2,268$1,813$1,436$1,129$882$419
22 years$2,142$1,692$1,324$1,027$791$360
23 years$2,027$1,582$1,222$935$710$309
24 years$1,922$1,483$1,130$853$638$265
25 years$1,825$1,391$1,047$779$574$228
26 years$1,736$1,308$971$712$517$196
27 years$1,654$1,231$902$652$466$169
28 years$1,578$1,160$838$597$421$146
29 years$1,507$1,094$780$548$380$125
30 years$1,441$1,033$727$503$343$108
31 years$1,380$977$677$462$310$93
32 years$1,322$924$632$424$281$80
33 years$1,268$875$590$390$254$69
34 years$1,217$829$551$359$230$60
35 years$1,169$787$515$330$208$52
36 years$1,124$747$482$304$189$45
37 years$1,082$709$451$280$171$38
38 years$1,042$674$423$258$155$33
39 years$1,004$641$396$238$141$29
40 years$968$610$371$220$128$25
41 years$934$580$348$203$116$21
42 years$901$553$326$187$105$18
43 years$871$527$306$173$95$16
44 years$841$502$288$160$87$14
45 years$813$479$270$147$79$12
46 years$787$457$254$136$71$10
47 years$761$436$238$126$65$9
48 years$737$416$224$116$59$8
49 years$714$397$210$107$53$7
50 years$691$380$198$99$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $708,000, adding $3,351 every year, while hoping to spend $26,894 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: 55/25/20 Blend
68$708,000$708,000$708,000$708,000
69$783,673$746,149$735,175$822,363
70$834,992$754,095$731,188$857,134
71$890,645$761,529$726,166$891,845
72$951,045$768,398$720,047$929,059
73$1,016,646$774,644$712,763$969,025
74$1,087,949$780,207$704,246$1,012,014
75$1,165,505$785,023$694,424$1,058,330
76$1,249,919$789,021$683,219$1,108,305
77$1,341,858$792,130$670,554$1,162,308
78$1,442,054$794,271$656,344$1,220,746
79$1,551,316$795,362$640,504$1,284,067
80$1,670,530$795,315$622,941$1,352,770
81$1,800,675$794,037$603,560$1,427,402
82$1,942,827$791,427$582,262$1,508,569
83$2,098,171$787,383$558,944$1,596,940
84$2,268,010$781,791$533,495$1,693,254
85$2,453,782$774,534$505,802$1,798,328
86$2,657,068$765,485$475,745$1,913,061
87$2,879,608$754,513$443,202$2,038,450
88$3,123,320$741,476$408,041$2,175,591
89$3,390,315$726,225$370,127$2,325,699
90$3,682,919$708,602$329,318$2,490,111
91$4,003,692$688,439$285,466$2,670,306
92$4,355,456$665,560$238,416$2,867,914
93$4,741,316$639,776$188,007$3,084,737
94$5,164,694$610,889$134,069$3,322,760
95$5,629,360$578,689$76,427$3,584,177
96$6,139,464$542,954$14,897$3,871,408
97$6,699,580$503,450$0$4,187,124
98$7,314,745$459,927$0$4,545,105
99$7,990,509$412,123$0$4,941,867
100$8,732,986$359,762$0$5,377,858