Can I retire at age 69 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$59,127$58,600$58,086$57,585$57,095$56,126
2 years$29,271$28,725$28,197$27,685$27,188$26,215
3 years$19,320$18,772$18,245$17,738$17,249$16,302
4 years$14,346$13,800$13,278$12,779$12,302$11,388
5 years$11,362$10,819$10,304$9,816$9,352$8,474
6 years$9,373$8,835$8,327$7,850$7,400$6,559
7 years$7,953$7,419$6,920$6,454$6,018$5,214
8 years$6,889$6,360$5,869$5,414$4,993$4,226
9 years$6,061$5,537$5,055$4,611$4,204$3,474
10 years$5,400$4,881$4,407$3,975$3,582$2,888
11 years$4,859$4,345$3,880$3,459$3,081$2,422
12 years$4,408$3,900$3,443$3,034$2,670$2,045
13 years$4,028$3,524$3,076$2,679$2,328$1,737
14 years$3,701$3,204$2,764$2,378$2,041$1,482
15 years$3,419$2,927$2,496$2,121$1,797$1,270
16 years$3,172$2,685$2,263$1,899$1,588$1,091
17 years$2,955$2,473$2,059$1,706$1,408$940
18 years$2,761$2,285$1,879$1,538$1,252$812
19 years$2,589$2,118$1,721$1,389$1,116$703
20 years$2,433$1,968$1,579$1,258$997$609
21 years$2,293$1,833$1,452$1,142$892$529
22 years$2,166$1,711$1,339$1,038$800$460
23 years$2,050$1,600$1,236$946$718$400
24 years$1,944$1,499$1,143$862$645$349
25 years$1,846$1,407$1,059$788$581$304
26 years$1,756$1,322$982$720$523$265
27 years$1,673$1,245$912$659$471$231
28 years$1,596$1,173$848$604$425$202
29 years$1,524$1,106$789$554$384$176
30 years$1,457$1,045$735$508$347$154
31 years$1,395$988$685$467$314$135
32 years$1,337$935$639$429$284$118
33 years$1,282$885$597$395$257$103
34 years$1,231$839$558$363$233$90
35 years$1,183$796$521$334$211$79
36 years$1,137$755$488$308$191$69
37 years$1,094$717$456$284$173$61
38 years$1,054$682$427$261$157$53
39 years$1,015$648$400$241$142$46
40 years$979$617$375$222$129$41
41 years$944$587$352$205$117$36
42 years$912$559$330$189$106$31
43 years$880$533$310$175$96$27
44 years$851$508$291$161$87$24
45 years$822$484$273$149$79$21
46 years$795$462$256$138$72$18
47 years$770$441$241$127$65$16
48 years$745$421$226$117$59$14
49 years$722$402$213$109$54$12
50 years$699$384$200$100$49$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $716,000, adding $3,577 every year, while hoping to spend $24,903 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: 81/13/6 Blend
68$716,000$716,000$716,000$716,000
69$792,722$754,774$743,676$856,307
70$847,083$765,261$742,092$908,910
71$906,154$775,428$739,621$962,947
72$970,389$785,231$736,206$1,021,489
73$1,040,289$794,627$731,789$1,084,971
74$1,116,402$803,568$726,308$1,153,873
75$1,199,334$812,002$719,698$1,228,726
76$1,289,750$819,874$711,892$1,310,112
77$1,388,384$827,127$702,819$1,398,672
78$1,496,041$833,698$692,405$1,495,113
79$1,613,609$839,521$680,573$1,600,215
80$1,742,066$844,526$667,241$1,714,834
81$1,882,487$848,639$652,324$1,839,917
82$2,036,058$851,779$635,734$1,976,503
83$2,204,081$853,862$617,377$2,125,740
84$2,387,994$854,797$597,155$2,288,892
85$2,589,378$854,491$574,968$2,467,350
86$2,809,973$852,840$550,709$2,662,650
87$3,051,699$849,737$524,266$2,876,481
88$3,316,666$845,068$495,523$3,110,706
89$3,607,201$838,712$464,358$3,367,377
90$3,925,867$830,540$430,645$3,648,756
91$4,275,484$820,415$394,251$3,957,335
92$4,659,162$808,194$355,036$4,295,860
93$5,080,323$793,722$312,856$4,667,359
94$5,542,739$776,838$267,561$5,075,164
95$6,050,565$757,369$218,990$5,522,953
96$6,608,377$735,135$166,981$6,014,775
97$7,221,216$709,941$111,359$6,555,093
98$7,894,637$681,585$51,946$7,148,826
99$8,634,757$649,850$0$7,801,394
100$9,448,318$614,508$0$8,519,506