Can I retire at age 69 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$58,961$58,436$57,924$57,424$56,935$56,271
2 years$29,189$28,645$28,118$27,608$27,112$26,443
3 years$19,266$18,720$18,194$17,688$17,201$16,548
4 years$14,305$13,761$13,241$12,744$12,268$11,637
5 years$11,330$10,789$10,275$9,788$9,326$8,718
6 years$9,347$8,810$8,304$7,828$7,379$6,795
7 years$7,931$7,399$6,901$6,436$6,001$5,442
8 years$6,870$6,342$5,852$5,399$4,979$4,443
9 years$6,044$5,522$5,041$4,598$4,193$3,681
10 years$5,385$4,867$4,395$3,964$3,572$3,085
11 years$4,845$4,333$3,869$3,450$3,072$2,608
12 years$4,396$3,889$3,434$3,026$2,662$2,221
13 years$4,016$3,515$3,068$2,671$2,322$1,902
14 years$3,691$3,195$2,756$2,371$2,035$1,637
15 years$3,409$2,918$2,489$2,115$1,792$1,415
16 years$3,163$2,678$2,256$1,894$1,584$1,227
17 years$2,946$2,466$2,053$1,701$1,404$1,067
18 years$2,754$2,279$1,874$1,533$1,249$930
19 years$2,581$2,112$1,716$1,385$1,113$813
20 years$2,427$1,962$1,575$1,255$994$712
21 years$2,287$1,828$1,448$1,139$890$624
22 years$2,160$1,706$1,335$1,035$797$548
23 years$2,044$1,596$1,233$943$716$481
24 years$1,938$1,495$1,140$860$643$424
25 years$1,841$1,403$1,056$785$579$373
26 years$1,751$1,319$979$718$521$329
27 years$1,668$1,241$909$657$470$290
28 years$1,591$1,169$845$602$424$256
29 years$1,520$1,103$787$552$383$226
30 years$1,453$1,042$733$507$346$200
31 years$1,391$985$683$466$313$176
32 years$1,333$932$637$428$283$156
33 years$1,279$883$595$393$256$138
34 years$1,227$837$556$362$232$122
35 years$1,179$793$520$333$210$108
36 years$1,134$753$486$307$190$96
37 years$1,091$715$455$283$173$85
38 years$1,051$680$426$261$156$75
39 years$1,012$646$399$240$142$66
40 years$976$615$374$222$129$59
41 years$942$585$351$205$117$52
42 years$909$557$329$189$106$46
43 years$878$531$309$174$96$41
44 years$848$506$290$161$87$36
45 years$820$483$272$149$79$32
46 years$793$461$256$137$72$28
47 years$768$440$240$127$65$25
48 years$743$420$226$117$59$22
49 years$720$401$212$108$54$20
50 years$697$383$200$100$49$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $714,000, adding $6,030 every year, while hoping to spend $45,457 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: 42/40/18 Blend
68$714,000$714,000$714,000$714,000
69$793,048$755,206$744,139$821,945
70$825,573$743,845$720,702$831,609
71$859,892$730,404$694,956$837,169
72$896,140$714,733$666,776$842,235
73$934,464$696,673$636,031$846,787
74$975,026$676,056$602,584$850,802
75$1,017,999$652,704$566,292$854,260
76$1,063,578$626,428$527,005$857,143
77$1,111,969$597,030$484,566$859,436
78$1,163,404$564,299$438,813$861,127
79$1,218,133$528,011$389,575$862,205
80$1,276,430$487,931$336,673$862,666
81$1,338,596$443,810$279,922$862,510
82$1,404,960$395,383$219,126$861,743
83$1,475,882$342,374$154,083$860,378
84$1,551,759$284,487$84,582$858,434
85$1,633,023$221,411$10,400$855,940
86$1,720,150$152,819$0$852,937
87$1,813,661$78,363$0$862,683
88$1,914,129$0$0$875,025
89$2,022,183$0$0$889,114
90$2,138,512$0$0$941,480
91$2,263,873$0$0$997,980
92$2,399,099$0$0$1,058,999
93$2,545,104$0$0$1,124,956
94$2,702,892$0$0$1,196,317
95$2,873,568$0$0$1,273,590
96$3,058,344$0$0$1,357,335
97$3,258,555$0$0$1,448,167
98$3,475,668$0$0$1,546,765
99$3,711,295$0$0$1,653,873
100$3,967,212$0$0$1,770,310