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%15.3%
1 years$59,127$58,600$58,086$57,585$57,095$55,851
2 years$29,271$28,725$28,197$27,685$27,188$25,941
3 years$19,320$18,772$18,245$17,738$17,249$16,038
4 years$14,346$13,800$13,278$12,779$12,302$11,136
5 years$11,362$10,819$10,304$9,816$9,352$8,234
6 years$9,373$8,835$8,327$7,850$7,400$6,332
7 years$7,953$7,419$6,920$6,454$6,018$5,000
8 years$6,889$6,360$5,869$5,414$4,993$4,024
9 years$6,061$5,537$5,055$4,611$4,204$3,285
10 years$5,400$4,881$4,407$3,975$3,582$2,711
11 years$4,859$4,345$3,880$3,459$3,081$2,256
12 years$4,408$3,900$3,443$3,034$2,670$1,890
13 years$4,028$3,524$3,076$2,679$2,328$1,593
14 years$3,701$3,204$2,764$2,378$2,041$1,348
15 years$3,419$2,927$2,496$2,121$1,797$1,145
16 years$3,172$2,685$2,263$1,899$1,588$976
17 years$2,955$2,473$2,059$1,706$1,408$834
18 years$2,761$2,285$1,879$1,538$1,252$714
19 years$2,589$2,118$1,721$1,389$1,116$612
20 years$2,433$1,968$1,579$1,258$997$526
21 years$2,293$1,833$1,452$1,142$892$453
22 years$2,166$1,711$1,339$1,038$800$390
23 years$2,050$1,600$1,236$946$718$336
24 years$1,944$1,499$1,143$862$645$290
25 years$1,846$1,407$1,059$788$581$250
26 years$1,756$1,322$982$720$523$216
27 years$1,673$1,245$912$659$471$187
28 years$1,596$1,173$848$604$425$162
29 years$1,524$1,106$789$554$384$140
30 years$1,457$1,045$735$508$347$121
31 years$1,395$988$685$467$314$105
32 years$1,337$935$639$429$284$91
33 years$1,282$885$597$395$257$79
34 years$1,231$839$558$363$233$68
35 years$1,183$796$521$334$211$59
36 years$1,137$755$488$308$191$51
37 years$1,094$717$456$284$173$44
38 years$1,054$682$427$261$157$38
39 years$1,015$648$400$241$142$33
40 years$979$617$375$222$129$29
41 years$944$587$352$205$117$25
42 years$912$559$330$189$106$22
43 years$880$533$310$175$96$19
44 years$851$508$291$161$87$16
45 years$822$484$273$149$79$14
46 years$795$462$256$138$72$12
47 years$770$441$241$127$65$11
48 years$745$421$226$117$59$9
49 years$722$402$213$109$54$8
50 years$699$384$200$100$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $716,000, adding $5,879 every year, while hoping to spend $53,723 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: 77/16/7 Blend
68$716,000$716,000$716,000$716,000
69$795,096$757,148$746,050$855,186
70$819,035$737,088$713,882$875,414
71$843,615$714,243$678,836$890,062
72$868,845$688,423$640,758$904,547
73$894,733$659,421$599,489$918,830
74$921,285$627,022$554,861$932,870
75$948,507$590,997$506,700$946,619
76$976,403$551,104$454,823$960,028
77$1,004,976$507,088$399,039$973,042
78$1,034,226$458,678$339,149$985,602
79$1,064,152$405,588$274,945$997,645
80$1,094,750$347,516$206,211$1,009,100
81$1,126,014$284,143$132,718$1,019,893
82$1,157,934$215,133$54,230$1,029,943
83$1,190,497$140,129$0$1,039,160
84$1,223,687$58,754$0$1,049,654
85$1,257,483$0$0$1,063,584
86$1,291,859$0$0$1,081,974
87$1,326,785$0$0$1,111,162
88$1,362,221$0$0$1,140,769
89$1,398,126$0$0$1,170,759
90$1,434,447$0$0$1,201,087
91$1,471,125$0$0$1,231,703
92$1,508,090$0$0$1,262,546
93$1,545,263$0$0$1,293,550
94$1,582,554$0$0$1,324,636
95$1,619,858$0$0$1,355,716
96$1,657,057$0$0$1,386,689
97$1,694,018$0$0$1,417,441
98$1,730,589$0$0$1,447,843
99$1,766,600$0$0$1,477,749
100$1,801,857$0$0$1,506,996