Can I retire at age 69 with 716,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.7%
1 years$59,127$58,600$58,086$57,585$57,095$55,091
2 years$29,271$28,725$28,197$27,685$27,188$25,190
3 years$19,320$18,772$18,245$17,738$17,249$15,320
4 years$14,346$13,800$13,278$12,779$12,302$10,457
5 years$11,362$10,819$10,304$9,816$9,352$7,595
6 years$9,373$8,835$8,327$7,850$7,400$5,733
7 years$7,953$7,419$6,920$6,454$6,018$4,440
8 years$6,889$6,360$5,869$5,414$4,993$3,503
9 years$6,061$5,537$5,055$4,611$4,204$2,801
10 years$5,400$4,881$4,407$3,975$3,582$2,263
11 years$4,859$4,345$3,880$3,459$3,081$1,843
12 years$4,408$3,900$3,443$3,034$2,670$1,510
13 years$4,028$3,524$3,076$2,679$2,328$1,243
14 years$3,701$3,204$2,764$2,378$2,041$1,028
15 years$3,419$2,927$2,496$2,121$1,797$852
16 years$3,172$2,685$2,263$1,899$1,588$709
17 years$2,955$2,473$2,059$1,706$1,408$591
18 years$2,761$2,285$1,879$1,538$1,252$493
19 years$2,589$2,118$1,721$1,389$1,116$412
20 years$2,433$1,968$1,579$1,258$997$345
21 years$2,293$1,833$1,452$1,142$892$289
22 years$2,166$1,711$1,339$1,038$800$243
23 years$2,050$1,600$1,236$946$718$204
24 years$1,944$1,499$1,143$862$645$171
25 years$1,846$1,407$1,059$788$581$144
26 years$1,756$1,322$982$720$523$121
27 years$1,673$1,245$912$659$471$102
28 years$1,596$1,173$848$604$425$85
29 years$1,524$1,106$789$554$384$72
30 years$1,457$1,045$735$508$347$61
31 years$1,395$988$685$467$314$51
32 years$1,337$935$639$429$284$43
33 years$1,282$885$597$395$257$36
34 years$1,231$839$558$363$233$30
35 years$1,183$796$521$334$211$26
36 years$1,137$755$488$308$191$22
37 years$1,094$717$456$284$173$18
38 years$1,054$682$427$261$157$15
39 years$1,015$648$400$241$142$13
40 years$979$617$375$222$129$11
41 years$944$587$352$205$117$9
42 years$912$559$330$189$106$8
43 years$880$533$310$175$96$6
44 years$851$508$291$161$87$5
45 years$822$484$273$149$79$5
46 years$795$462$256$138$72$4
47 years$770$441$241$127$65$3
48 years$745$421$226$117$59$3
49 years$722$402$213$109$54$2
50 years$699$384$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $716,000, adding $5,662 every year, while hoping to spend $30,490 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: 80/14/6 Blend
68$716,000$716,000$716,000$716,000
69$794,872$756,924$745,826$857,642
70$843,508$761,573$738,370$904,203
71$896,083$765,427$729,643$950,670
72$952,966$768,415$719,569$1,000,728
73$1,014,565$770,463$708,070$1,054,719
74$1,081,324$771,490$695,064$1,113,020
75$1,153,736$771,410$680,466$1,176,046
76$1,232,342$770,133$664,186$1,244,255
77$1,317,733$767,563$646,129$1,318,151
78$1,410,565$763,597$626,198$1,398,288
79$1,511,557$758,127$604,289$1,485,279
80$1,621,498$751,038$580,295$1,579,797
81$1,741,260$742,208$554,104$1,682,584
82$1,871,801$731,508$525,599$1,794,460
83$2,014,174$718,801$494,656$1,916,325
84$2,169,539$703,942$461,146$2,049,173
85$2,339,175$686,778$424,937$2,194,101
86$2,524,486$667,145$385,888$2,352,313
87$2,727,020$644,872$343,852$2,525,142
88$2,948,482$619,776$298,676$2,714,052
89$3,190,746$591,664$250,201$2,920,659
90$3,455,880$560,333$198,260$3,146,745
91$3,746,157$525,567$142,679$3,394,273
92$4,064,082$487,136$83,276$3,665,406
93$4,412,413$444,802$19,861$3,962,528
94$4,794,189$398,307$0$4,288,269
95$5,212,756$347,383$0$4,648,587
96$5,671,797$291,744$0$5,045,169
97$6,175,371$231,091$0$5,480,278
98$6,727,949$165,105$0$5,957,807
99$7,334,455$93,450$0$6,482,049
100$8,000,312$15,772$0$7,057,732