Can I retire at age 69 with 711,000?

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 $711,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$58,714$58,191$57,680$57,182$56,696$55,642
2 years$29,066$28,525$28,000$27,492$26,998$25,941
3 years$19,185$18,641$18,118$17,614$17,129$16,100
4 years$14,245$13,703$13,185$12,690$12,216$11,225
5 years$11,282$10,744$10,232$9,747$9,287$8,335
6 years$9,308$8,773$8,269$7,795$7,348$6,437
7 years$7,898$7,368$6,872$6,409$5,976$5,106
8 years$6,841$6,315$5,828$5,376$4,958$4,129
9 years$6,019$5,499$5,019$4,579$4,175$3,386
10 years$5,362$4,847$4,376$3,947$3,557$2,808
11 years$4,825$4,315$3,853$3,435$3,060$2,349
12 years$4,378$3,873$3,419$3,013$2,651$1,979
13 years$3,999$3,500$3,055$2,660$2,312$1,676
14 years$3,676$3,181$2,745$2,361$2,027$1,426
15 years$3,395$2,906$2,478$2,106$1,784$1,218
16 years$3,150$2,666$2,247$1,886$1,577$1,044
17 years$2,934$2,456$2,044$1,694$1,398$897
18 years$2,742$2,269$1,866$1,527$1,243$773
19 years$2,571$2,103$1,709$1,380$1,108$667
20 years$2,416$1,954$1,568$1,250$990$576
21 years$2,277$1,820$1,442$1,134$886$499
22 years$2,151$1,699$1,329$1,031$794$432
23 years$2,035$1,589$1,227$939$713$375
24 years$1,930$1,489$1,135$856$641$326
25 years$1,833$1,397$1,051$782$576$283
26 years$1,744$1,313$975$715$519$246
27 years$1,661$1,236$905$655$468$214
28 years$1,585$1,165$842$600$422$186
29 years$1,514$1,099$783$550$381$162
30 years$1,447$1,038$730$505$345$141
31 years$1,385$981$680$464$312$123
32 years$1,328$928$635$426$282$107
33 years$1,273$879$593$392$255$94
34 years$1,222$833$554$360$231$82
35 years$1,174$790$518$332$209$71
36 years$1,129$750$484$306$190$62
37 years$1,087$712$453$282$172$54
38 years$1,046$677$424$260$156$47
39 years$1,008$644$398$239$141$41
40 years$972$612$373$221$128$36
41 years$938$583$349$204$116$31
42 years$905$555$328$188$105$27
43 years$874$529$308$173$96$24
44 years$845$504$289$160$87$21
45 years$817$481$271$148$79$18
46 years$790$459$255$137$72$16
47 years$764$438$239$126$65$14
48 years$740$418$225$117$59$12
49 years$717$399$211$108$54$11
50 years$694$381$199$100$49$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $711,000, adding $5,021 every year, while hoping to spend $40,665 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: 37/45/18 Blend
68$711,000$711,000$711,000$711,000
69$788,701$751,018$739,998$813,424
70$825,881$744,551$721,520$825,282
71$865,491$736,404$701,061$833,871
72$907,735$726,451$678,511$842,295
73$952,838$714,561$653,755$850,562
74$1,001,046$700,593$626,673$858,685
75$1,052,627$684,397$597,142$866,680
76$1,107,879$665,816$565,030$874,568
77$1,167,125$644,683$530,200$882,377
78$1,230,720$620,821$492,511$890,144
79$1,299,055$594,043$451,811$897,910
80$1,372,559$564,151$407,947$905,728
81$1,451,701$530,936$360,755$913,662
82$1,536,999$494,177$310,065$921,785
83$1,629,020$453,638$255,699$930,186
84$1,728,388$409,074$197,472$938,968
85$1,835,787$360,222$135,191$948,251
86$1,951,970$306,806$68,653$958,173
87$2,077,766$248,534$0$968,896
88$2,214,083$185,098$0$981,056
89$2,361,923$116,171$0$1,008,513
90$2,522,386$41,410$0$1,038,354
91$2,696,682$0$0$1,070,900
92$2,886,142$0$0$1,126,097
93$3,092,230$0$0$1,208,530
94$3,316,558$0$0$1,298,351
95$3,560,898$0$0$1,396,279
96$3,827,202$0$0$1,503,109
97$4,117,616$0$0$1,619,714
98$4,434,504$0$0$1,747,057
99$4,780,466$0$0$1,886,196
100$5,158,366$0$0$2,038,297