Can I retire at age 69 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$58,549$58,027$57,518$57,022$56,537$55,784
2 years$28,984$28,445$27,921$27,414$26,922$26,165
3 years$19,131$18,589$18,067$17,565$17,081$16,343
4 years$14,205$13,665$13,148$12,654$12,182$11,469
5 years$11,251$10,713$10,204$9,720$9,261$8,574
6 years$9,281$8,748$8,246$7,773$7,328$6,669
7 years$7,875$7,347$6,852$6,391$5,959$5,328
8 years$6,821$6,298$5,811$5,361$4,944$4,341
9 years$6,002$5,483$5,005$4,566$4,163$3,588
10 years$5,347$4,833$4,364$3,936$3,547$2,999
11 years$4,811$4,303$3,842$3,426$3,051$2,529
12 years$4,365$3,862$3,410$3,005$2,644$2,148
13 years$3,988$3,490$3,046$2,653$2,305$1,835
14 years$3,665$3,172$2,737$2,355$2,021$1,576
15 years$3,386$2,898$2,471$2,100$1,779$1,358
16 years$3,141$2,659$2,240$1,880$1,573$1,174
17 years$2,926$2,449$2,039$1,690$1,394$1,018
18 years$2,734$2,263$1,861$1,523$1,240$885
19 years$2,563$2,097$1,704$1,376$1,105$771
20 years$2,410$1,949$1,564$1,246$987$673
21 years$2,271$1,815$1,438$1,131$883$588
22 years$2,145$1,694$1,326$1,028$792$515
23 years$2,030$1,585$1,224$936$711$451
24 years$1,925$1,485$1,132$854$639$396
25 years$1,828$1,393$1,048$780$575$347
26 years$1,739$1,310$972$713$518$305
27 years$1,657$1,232$903$653$467$268
28 years$1,580$1,161$839$598$421$236
29 years$1,509$1,096$781$548$380$208
30 years$1,443$1,035$728$503$344$183
31 years$1,382$978$678$462$311$161
32 years$1,324$925$633$425$281$142
33 years$1,270$876$591$391$254$125
34 years$1,219$831$552$359$230$110
35 years$1,171$788$516$331$209$97
36 years$1,126$748$483$305$189$86
37 years$1,084$710$452$281$171$76
38 years$1,043$675$423$259$155$67
39 years$1,005$642$397$239$141$59
40 years$969$611$372$220$128$52
41 years$935$581$348$203$116$46
42 years$903$554$327$187$105$41
43 years$872$527$307$173$95$36
44 years$842$503$288$160$87$32
45 years$814$479$270$148$79$28
46 years$788$457$254$136$71$25
47 years$762$436$239$126$65$22
48 years$738$417$224$116$59$19
49 years$715$398$211$108$53$17
50 years$692$380$198$99$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $709,000, adding $6,070 every year, while hoping to spend $42,644 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: 74/5/21 Blend
68$709,000$709,000$709,000$709,000
69$787,579$750,002$739,013$841,452
70$822,539$741,379$718,397$869,422
71$859,636$730,905$695,661$894,311
72$899,043$718,443$670,689$920,499
73$940,948$703,849$643,360$948,104
74$985,559$686,972$613,547$977,261
75$1,033,102$667,650$581,117$1,008,117
76$1,083,826$645,712$545,932$1,040,836
77$1,138,002$620,978$507,846$1,075,598
78$1,195,928$593,256$466,709$1,112,605
79$1,257,931$562,344$422,362$1,152,076
80$1,324,369$528,027$374,640$1,194,258
81$1,395,634$490,080$323,370$1,239,422
82$1,472,158$448,264$268,372$1,287,867
83$1,554,414$402,325$209,459$1,339,925
84$1,642,921$351,995$146,433$1,395,964
85$1,738,250$296,994$79,089$1,456,389
86$1,841,026$237,021$7,213$1,521,649
87$1,951,938$171,762$0$1,592,240
88$2,071,741$100,884$0$1,684,282
89$2,201,267$24,035$0$1,785,547
90$2,341,427$0$0$1,895,142
91$2,493,226$0$0$2,017,118
92$2,657,768$0$0$2,150,793
93$2,836,265$0$0$2,295,832
94$3,030,052$0$0$2,453,323
95$3,240,597$0$0$2,624,463
96$3,469,513$0$0$2,810,567
97$3,718,579$0$0$3,013,084
98$3,989,746$0$0$3,233,607
99$4,285,167$0$0$3,473,888
100$4,607,208$0$0$3,735,858