Can I retire at age 69 with 712,000?

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 $712,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$58,796$58,273$57,762$57,263$56,776$56,253
2 years$29,107$28,565$28,040$27,530$27,036$26,510
3 years$19,212$18,668$18,143$17,639$17,153$16,639
4 years$14,265$13,723$13,204$12,708$12,234$11,736
5 years$11,298$10,759$10,247$9,761$9,300$8,820
6 years$9,321$8,785$8,281$7,806$7,359$6,897
7 years$7,909$7,378$6,881$6,418$5,984$5,541
8 years$6,850$6,324$5,836$5,384$4,965$4,540
9 years$6,028$5,506$5,027$4,586$4,181$3,775
10 years$5,370$4,854$4,382$3,953$3,562$3,175
11 years$4,832$4,321$3,858$3,440$3,064$2,694
12 years$4,384$3,878$3,424$3,017$2,655$2,303
13 years$4,005$3,505$3,059$2,664$2,315$1,980
14 years$3,681$3,186$2,749$2,365$2,030$1,711
15 years$3,400$2,910$2,482$2,109$1,787$1,485
16 years$3,154$2,670$2,250$1,888$1,579$1,293
17 years$2,938$2,459$2,047$1,697$1,400$1,129
18 years$2,746$2,272$1,869$1,529$1,245$989
19 years$2,574$2,106$1,711$1,382$1,110$868
20 years$2,420$1,957$1,570$1,251$991$763
21 years$2,280$1,823$1,444$1,136$887$672
22 years$2,154$1,701$1,331$1,033$795$592
23 years$2,038$1,591$1,229$940$714$523
24 years$1,933$1,491$1,137$858$642$462
25 years$1,836$1,399$1,053$783$577$409
26 years$1,746$1,315$976$716$520$362
27 years$1,664$1,238$907$656$469$321
28 years$1,587$1,166$843$601$423$285
29 years$1,516$1,100$784$551$382$253
30 years$1,449$1,039$731$505$345$224
31 years$1,387$982$681$464$312$199
32 years$1,329$929$636$427$282$177
33 years$1,275$880$593$392$255$157
34 years$1,224$834$554$361$231$140
35 years$1,176$791$518$332$209$124
36 years$1,131$751$485$306$190$111
37 years$1,088$713$454$282$172$98
38 years$1,048$678$425$260$156$88
39 years$1,010$645$398$240$141$78
40 years$973$613$373$221$128$69
41 years$939$584$350$204$116$62
42 years$906$556$328$188$106$55
43 years$875$530$308$174$96$49
44 years$846$505$289$160$87$44
45 years$818$481$272$148$79$39
46 years$791$459$255$137$72$35
47 years$765$438$240$126$65$31
48 years$741$418$225$117$59$27
49 years$718$400$212$108$54$24
50 years$695$382$199$100$49$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $712,000, adding $3,419 every year, while hoping to spend $42,054 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: 52/41/7 Blend
68$712,000$712,000$712,000$712,000
69$788,151$750,415$739,379$827,612
70$823,797$742,440$719,403$846,807
71$861,670$732,665$697,348$862,816
72$901,951$720,957$673,101$879,219
73$944,842$707,176$646,542$896,062
74$990,561$691,172$617,546$913,397
75$1,039,348$672,789$585,983$931,284
76$1,091,465$651,859$551,717$949,793
77$1,147,200$628,206$514,605$969,002
78$1,206,869$601,642$474,499$989,000
79$1,270,817$571,971$431,242$1,009,891
80$1,339,425$538,982$384,674$1,031,790
81$1,413,110$502,455$334,623$1,054,828
82$1,492,327$462,156$280,913$1,079,154
83$1,577,580$417,837$223,359$1,104,937
84$1,669,419$369,237$161,768$1,132,365
85$1,768,450$316,080$95,937$1,161,653
86$1,875,337$258,073$25,657$1,193,041
87$1,990,812$194,909$0$1,226,799
88$2,115,678$126,263$0$1,266,917
89$2,250,817$51,789$0$1,312,334
90$2,397,199$0$0$1,361,532
91$2,555,891$0$0$1,427,985
92$2,728,066$0$0$1,525,494
93$2,915,014$0$0$1,631,432
94$3,118,155$0$0$1,746,612
95$3,339,050$0$0$1,871,927
96$3,579,415$0$0$2,008,359
97$3,841,140$0$0$2,156,990
98$4,126,305$0$0$2,319,011
99$4,437,198$0$0$2,495,731
100$4,776,337$0$0$2,688,592