Can I retire at age 69 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$59,622$59,091$58,573$58,067$57,573$55,753
2 years$29,516$28,966$28,433$27,917$27,416$25,598
3 years$19,482$18,930$18,398$17,887$17,394$15,636
4 years$14,466$13,915$13,389$12,886$12,405$10,721
5 years$11,457$10,910$10,391$9,898$9,430$7,824
6 years$9,452$8,909$8,397$7,915$7,462$5,935
7 years$8,020$7,481$6,978$6,508$6,069$4,620
8 years$6,947$6,413$5,918$5,459$5,034$3,664
9 years$6,112$5,584$5,097$4,650$4,240$2,946
10 years$5,445$4,922$4,444$4,008$3,612$2,394
11 years$4,900$4,382$3,912$3,488$3,107$1,961
12 years$4,445$3,933$3,472$3,060$2,692$1,616
13 years$4,061$3,554$3,102$2,701$2,348$1,339
14 years$3,732$3,230$2,787$2,398$2,058$1,114
15 years$3,448$2,951$2,516$2,139$1,812$930
16 years$3,199$2,708$2,282$1,915$1,601$778
17 years$2,979$2,494$2,076$1,720$1,420$653
18 years$2,784$2,304$1,895$1,551$1,263$549
19 years$2,610$2,135$1,735$1,401$1,125$462
20 years$2,454$1,984$1,592$1,269$1,005$389
21 years$2,312$1,848$1,465$1,152$900$329
22 years$2,184$1,725$1,350$1,047$806$278
23 years$2,067$1,614$1,246$954$724$235
24 years$1,960$1,512$1,153$870$651$199
25 years$1,861$1,419$1,068$794$585$168
26 years$1,771$1,334$990$726$527$142
27 years$1,687$1,255$919$665$475$121
28 years$1,609$1,183$855$609$429$102
29 years$1,537$1,116$795$559$387$87
30 years$1,470$1,054$741$513$350$73
31 years$1,407$996$691$471$316$62
32 years$1,348$942$644$433$286$53
33 years$1,293$892$602$398$259$45
34 years$1,241$846$562$366$235$38
35 years$1,193$802$526$337$212$32
36 years$1,147$761$492$310$192$27
37 years$1,103$723$460$286$174$23
38 years$1,062$687$431$264$158$20
39 years$1,024$654$404$243$143$17
40 years$987$622$378$224$130$14
41 years$952$592$355$207$118$12
42 years$919$564$333$191$107$10
43 years$888$537$312$176$97$9
44 years$858$512$293$163$88$7
45 years$829$488$275$150$80$6
46 years$802$466$259$139$73$5
47 years$776$444$243$128$66$4
48 years$751$424$228$118$60$4
49 years$728$405$215$109$54$3
50 years$705$387$202$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $722,000, adding $4,281 every year, while hoping to spend $44,933 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: 37/36/27 Blend
68$722,000$722,000$722,000$722,000
69$800,060$761,794$750,603$823,068
70$833,858$751,313$727,940$829,931
71$869,597$738,813$703,011$832,924
72$907,428$724,148$675,694$835,288
73$947,515$707,161$645,860$836,997
74$990,039$687,689$613,374$838,023
75$1,035,195$665,558$578,094$838,343
76$1,083,199$640,584$539,874$837,933
77$1,134,285$612,572$498,559$836,772
78$1,188,711$581,317$453,990$834,844
79$1,246,758$546,600$405,997$832,134
80$1,308,735$508,191$354,405$828,632
81$1,374,980$465,846$299,032$824,332
82$1,445,864$419,309$239,686$819,236
83$1,521,793$368,306$176,166$813,351
84$1,603,213$312,550$108,265$806,691
85$1,690,613$251,737$35,764$799,281
86$1,784,530$185,547$0$791,155
87$1,885,553$113,639$0$794,346
88$1,994,328$35,657$0$808,701
89$2,111,567$0$0$824,053
90$2,238,050$0$0$859,892
91$2,374,633$0$0$913,924
92$2,522,260$0$0$972,407
93$2,681,965$0$0$1,035,760
94$2,854,887$0$0$1,104,447
95$3,042,276$0$0$1,178,976
96$3,245,509$0$0$1,259,905
97$3,466,099$0$0$1,347,851
98$3,705,710$0$0$1,443,489
99$3,966,173$0$0$1,547,565
100$4,249,501$0$0$1,660,897