Can I retire at age 69 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$59,209$58,682$58,167$57,665$57,175$56,601
2 years$29,311$28,766$28,237$27,724$27,226$26,648
3 years$19,347$18,799$18,271$17,763$17,273$16,709
4 years$14,366$13,819$13,297$12,797$12,319$11,774
5 years$11,378$10,834$10,319$9,829$9,365$8,839
6 years$9,386$8,847$8,339$7,861$7,410$6,905
7 years$7,964$7,430$6,930$6,463$6,027$5,541
8 years$6,898$6,369$5,877$5,421$5,000$4,535
9 years$6,070$5,545$5,062$4,618$4,210$3,766
10 years$5,407$4,888$4,413$3,981$3,587$3,164
11 years$4,866$4,351$3,885$3,464$3,085$2,681
12 years$4,415$3,905$3,448$3,039$2,674$2,289
13 years$4,033$3,529$3,081$2,683$2,331$1,966
14 years$3,707$3,208$2,768$2,381$2,044$1,696
15 years$3,424$2,931$2,499$2,124$1,800$1,470
16 years$3,177$2,689$2,266$1,902$1,590$1,278
17 years$2,959$2,476$2,062$1,709$1,410$1,115
18 years$2,765$2,288$1,882$1,540$1,254$975
19 years$2,592$2,121$1,723$1,391$1,118$854
20 years$2,437$1,971$1,581$1,260$998$750
21 years$2,296$1,836$1,454$1,144$893$659
22 years$2,169$1,713$1,340$1,040$801$581
23 years$2,053$1,603$1,238$947$719$512
24 years$1,946$1,501$1,145$864$646$452
25 years$1,849$1,409$1,060$789$581$399
26 years$1,758$1,324$983$721$524$353
27 years$1,675$1,246$913$660$472$312
28 years$1,598$1,174$849$605$426$276
29 years$1,526$1,108$790$555$385$245
30 years$1,460$1,046$736$509$348$217
31 years$1,397$989$686$468$314$192
32 years$1,339$936$640$430$284$171
33 years$1,284$886$598$395$257$151
34 years$1,233$840$558$364$233$134
35 years$1,184$797$522$335$211$119
36 years$1,139$756$488$308$191$106
37 years$1,096$718$457$284$173$94
38 years$1,055$683$428$262$157$84
39 years$1,017$649$401$241$142$74
40 years$980$618$376$223$129$66
41 years$946$588$352$205$117$59
42 years$913$560$331$190$106$52
43 years$882$533$310$175$97$46
44 years$852$508$291$162$88$41
45 years$824$485$273$149$80$37
46 years$797$463$257$138$72$33
47 years$771$441$241$127$66$29
48 years$746$421$227$118$60$26
49 years$723$402$213$109$54$23
50 years$700$384$200$101$49$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $717,000, adding $5,778 every year, while hoping to spend $31,363 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: 35/46/19 Blend
68$717,000$717,000$717,000$717,000
69$796,094$758,093$746,980$819,159
70$843,926$761,870$738,633$840,332
71$895,585$764,780$728,956$859,829
72$951,429$766,749$717,871$880,212
73$1,011,851$767,696$705,296$901,576
74$1,077,282$767,535$691,146$924,032
75$1,148,198$766,177$675,332$947,700
76$1,225,119$763,525$657,760$972,718
77$1,308,620$759,476$638,334$999,238
78$1,399,332$753,924$616,951$1,027,431
79$1,497,950$746,752$593,505$1,057,490
80$1,605,237$737,839$567,884$1,089,629
81$1,722,034$727,055$539,970$1,124,085
82$1,849,265$714,265$509,644$1,161,127
83$1,987,949$699,324$476,776$1,201,052
84$2,139,206$682,076$441,234$1,244,192
85$2,304,269$662,361$402,878$1,290,916
86$2,484,494$640,007$361,564$1,341,638
87$2,681,375$614,830$317,140$1,396,814
88$2,896,557$586,639$269,446$1,456,956
89$3,131,851$555,229$218,317$1,522,631
90$3,389,250$520,385$163,581$1,594,471
91$3,670,949$481,880$105,057$1,673,176
92$3,979,365$439,471$42,556$1,759,525
93$4,317,160$392,905$0$1,854,385
94$4,687,265$341,912$0$1,963,609
95$5,092,908$286,208$0$2,092,894
96$5,537,644$225,492$0$2,234,830
97$6,025,389$159,446$0$2,390,774
98$6,560,456$87,735$0$2,562,226
99$7,147,594$10,006$0$2,750,847
100$7,792,036$0$0$2,958,476