Can I retire at age 69 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$59,705$59,173$58,654$58,148$57,653$56,862
2 years$29,557$29,006$28,473$27,956$27,454$26,658
3 years$19,509$18,956$18,424$17,911$17,418$16,642
4 years$14,486$13,935$13,408$12,904$12,423$11,673
5 years$11,473$10,925$10,405$9,912$9,443$8,723
6 years$9,465$8,921$8,409$7,926$7,472$6,781
7 years$8,031$7,492$6,988$6,517$6,077$5,415
8 years$6,956$6,422$5,926$5,467$5,041$4,409
9 years$6,121$5,591$5,104$4,656$4,246$3,642
10 years$5,453$4,929$4,450$4,014$3,617$3,042
11 years$4,906$4,388$3,918$3,493$3,111$2,564
12 years$4,452$3,938$3,477$3,064$2,696$2,177
13 years$4,067$3,559$3,106$2,705$2,351$1,858
14 years$3,738$3,235$2,791$2,401$2,061$1,594
15 years$3,452$2,955$2,520$2,142$1,815$1,373
16 years$3,203$2,711$2,285$1,918$1,604$1,187
17 years$2,983$2,497$2,079$1,723$1,422$1,028
18 years$2,788$2,307$1,898$1,553$1,264$893
19 years$2,614$2,138$1,737$1,403$1,127$778
20 years$2,457$1,987$1,594$1,271$1,007$678
21 years$2,316$1,851$1,467$1,153$901$592
22 years$2,187$1,728$1,352$1,049$807$518
23 years$2,070$1,616$1,248$955$725$454
24 years$1,963$1,514$1,154$871$651$398
25 years$1,864$1,421$1,069$795$586$349
26 years$1,773$1,335$992$727$528$306
27 years$1,689$1,257$921$666$476$269
28 years$1,611$1,184$856$610$430$236
29 years$1,539$1,117$796$559$388$208
30 years$1,472$1,055$742$513$350$183
31 years$1,409$997$692$471$317$161
32 years$1,350$944$645$433$287$142
33 years$1,295$894$603$398$259$125
34 years$1,243$847$563$367$235$110
35 years$1,194$803$526$337$213$97
36 years$1,148$763$492$311$193$85
37 years$1,105$724$461$286$175$75
38 years$1,064$688$432$264$158$66
39 years$1,025$655$404$243$144$58
40 years$988$623$379$224$130$52
41 years$954$593$355$207$118$45
42 years$920$565$333$191$107$40
43 years$889$538$313$176$97$35
44 years$859$513$294$163$88$31
45 years$830$489$276$150$80$28
46 years$803$466$259$139$73$24
47 years$777$445$243$128$66$21
48 years$752$425$229$119$60$19
49 years$729$406$215$110$55$17
50 years$706$388$202$101$50$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $723,000, adding $3,582 every year, while hoping to spend $53,708 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: 56/20/24 Blend
68$723,000$723,000$723,000$723,000
69$800,441$762,122$750,915$839,841
70$824,941$742,321$718,926$847,432
71$850,140$719,750$684,065$849,736
72$876,052$694,216$646,180$851,112
73$902,693$665,515$605,110$851,488
74$930,075$633,433$560,688$850,785
75$958,212$597,741$512,741$848,920
76$987,117$558,198$461,085$845,807
77$1,016,803$514,549$405,531$841,352
78$1,047,280$466,525$345,879$835,456
79$1,078,558$413,840$281,922$828,014
80$1,110,647$356,195$213,443$818,916
81$1,143,555$293,270$140,215$808,043
82$1,177,287$224,730$62,002$795,270
83$1,211,849$150,220$0$780,464
84$1,247,241$69,364$0$768,982
85$1,283,465$0$0$772,478
86$1,320,518$0$0$778,980
87$1,358,393$0$0$801,222
88$1,397,082$0$0$823,930
89$1,436,571$0$0$847,095
90$1,476,843$0$0$870,705
91$1,517,875$0$0$894,746
92$1,559,641$0$0$919,198
93$1,602,105$0$0$944,040
94$1,645,227$0$0$969,245
95$1,688,959$0$0$994,782
96$1,733,242$0$0$1,020,613
97$1,778,011$0$0$1,046,697
98$1,823,187$0$0$1,072,984
99$1,868,681$0$0$1,099,417
100$1,914,392$0$0$1,125,932