Can I retire at age 69 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$59,292$58,764$58,248$57,745$57,254$56,822
2 years$29,352$28,806$28,276$27,762$27,264$26,828
3 years$19,374$18,825$18,296$17,788$17,297$16,872
4 years$14,386$13,838$13,315$12,815$12,337$11,924
5 years$11,393$10,849$10,333$9,843$9,378$8,980
6 years$9,399$8,859$8,351$7,872$7,421$7,037
7 years$7,975$7,440$6,939$6,472$6,035$5,667
8 years$6,908$6,377$5,885$5,429$5,007$4,654
9 years$6,078$5,553$5,069$4,624$4,216$3,878
10 years$5,415$4,894$4,419$3,986$3,592$3,269
11 years$4,872$4,357$3,891$3,469$3,090$2,781
12 years$4,421$3,911$3,453$3,043$2,677$2,383
13 years$4,039$3,534$3,085$2,686$2,335$2,055
14 years$3,712$3,213$2,772$2,385$2,047$1,780
15 years$3,429$2,935$2,503$2,127$1,802$1,549
16 years$3,181$2,693$2,269$1,904$1,593$1,352
17 years$2,963$2,480$2,065$1,711$1,412$1,185
18 years$2,769$2,291$1,885$1,542$1,256$1,040
19 years$2,596$2,124$1,725$1,393$1,119$915
20 years$2,440$1,973$1,583$1,262$1,000$807
21 years$2,300$1,838$1,456$1,145$895$713
22 years$2,172$1,716$1,342$1,041$802$631
23 years$2,056$1,605$1,239$948$720$558
24 years$1,949$1,504$1,146$865$647$495
25 years$1,851$1,411$1,062$790$582$439
26 years$1,761$1,326$985$722$524$390
27 years$1,678$1,248$914$661$473$347
28 years$1,600$1,176$850$606$427$309
29 years$1,528$1,109$791$555$385$275
30 years$1,462$1,048$737$510$348$245
31 years$1,399$990$687$468$315$218
32 years$1,341$937$641$430$285$194
33 years$1,286$888$598$396$258$173
34 years$1,234$841$559$364$233$155
35 years$1,186$798$523$335$211$138
36 years$1,140$757$489$309$191$123
37 years$1,097$719$458$284$173$110
38 years$1,057$684$429$262$157$98
39 years$1,018$650$402$242$143$88
40 years$982$618$376$223$129$78
41 years$947$589$353$206$117$70
42 years$914$561$331$190$106$62
43 years$883$534$311$175$97$56
44 years$853$509$292$162$88$50
45 years$825$486$274$149$80$45
46 years$798$463$257$138$72$40
47 years$772$442$242$128$66$36
48 years$747$422$227$118$60$32
49 years$724$403$213$109$54$28
50 years$701$385$201$101$49$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $718,000, adding $4,667 every year, while hoping to spend $23,891 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: 54/40/6 Blend
68$718,000$718,000$718,000$718,000
69$796,050$757,996$746,867$837,713
70$851,827$769,718$746,467$878,117
71$912,493$781,214$745,253$919,028
72$978,521$792,447$743,173$962,967
73$1,050,432$803,378$740,171$1,010,226
74$1,128,798$813,966$736,189$1,061,123
75$1,214,252$824,167$731,168$1,116,014
76$1,307,487$833,932$725,043$1,175,285
77$1,409,267$843,212$717,749$1,239,368
78$1,520,434$851,951$709,215$1,308,735
79$1,641,914$860,092$699,369$1,383,910
80$1,774,727$867,574$688,135$1,465,468
81$1,919,994$874,330$675,433$1,554,044
82$2,078,952$880,291$661,179$1,650,341
83$2,252,962$885,382$645,286$1,755,131
84$2,443,523$889,525$627,661$1,869,267
85$2,652,285$892,634$608,211$1,993,691
86$2,881,066$894,621$586,834$2,129,439
87$3,131,868$895,390$563,425$2,277,658
88$3,406,894$894,840$537,876$2,439,610
89$3,708,574$892,864$510,071$2,616,687
90$4,039,581$889,347$479,891$2,810,427
91$4,402,863$884,169$447,212$3,022,524
92$4,801,663$877,202$411,902$3,254,846
93$5,239,557$868,309$373,825$3,509,457
94$5,720,482$857,346$332,838$3,788,630
95$6,248,775$844,161$288,792$4,094,872
96$6,829,216$828,590$241,533$4,430,950
97$7,467,069$810,464$190,897$4,799,915
98$8,168,132$789,599$136,714$5,205,131
99$8,938,796$765,804$78,808$5,650,309
100$9,786,099$738,874$16,995$6,139,540