Can I retire at age 69 with 729,000?

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 $729,000?

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$60,200$59,664$59,141$58,630$58,131$57,334
2 years$29,802$29,247$28,709$28,188$27,682$26,879
3 years$19,671$19,113$18,577$18,060$17,562$16,781
4 years$14,606$14,050$13,519$13,011$12,526$11,770
5 years$11,568$11,016$10,491$9,994$9,522$8,795
6 years$9,543$8,995$8,479$7,992$7,534$6,837
7 years$8,098$7,554$7,046$6,571$6,127$5,460
8 years$7,014$6,475$5,975$5,512$5,083$4,445
9 years$6,171$5,638$5,147$4,695$4,281$3,672
10 years$5,498$4,969$4,487$4,047$3,647$3,068
11 years$4,947$4,424$3,950$3,522$3,137$2,585
12 years$4,488$3,971$3,506$3,090$2,718$2,195
13 years$4,101$3,588$3,132$2,728$2,371$1,874
14 years$3,769$3,262$2,814$2,421$2,078$1,607
15 years$3,481$2,980$2,541$2,159$1,830$1,384
16 years$3,230$2,734$2,304$1,933$1,617$1,196
17 years$3,008$2,518$2,096$1,737$1,434$1,037
18 years$2,811$2,326$1,914$1,566$1,275$901
19 years$2,636$2,156$1,752$1,415$1,136$784
20 years$2,478$2,004$1,608$1,281$1,015$684
21 years$2,335$1,866$1,479$1,163$908$597
22 years$2,205$1,742$1,363$1,057$814$522
23 years$2,087$1,629$1,258$963$731$457
24 years$1,979$1,527$1,164$878$657$401
25 years$1,879$1,433$1,078$802$591$352
26 years$1,788$1,346$1,000$733$532$309
27 years$1,703$1,267$928$671$480$271
28 years$1,625$1,194$863$615$433$238
29 years$1,552$1,126$803$564$391$210
30 years$1,484$1,064$748$518$353$184
31 years$1,421$1,006$697$475$320$162
32 years$1,361$952$651$437$289$143
33 years$1,306$901$608$402$262$126
34 years$1,253$854$568$370$237$111
35 years$1,204$810$531$340$214$98
36 years$1,158$769$496$313$194$86
37 years$1,114$730$465$289$176$76
38 years$1,073$694$435$266$160$67
39 years$1,034$660$408$245$145$59
40 years$997$628$382$226$131$52
41 years$962$598$358$209$119$46
42 years$928$569$336$193$108$40
43 years$896$542$315$178$98$36
44 years$866$517$296$164$89$31
45 years$837$493$278$152$81$28
46 years$810$470$261$140$73$24
47 years$784$449$245$129$67$22
48 years$759$428$231$120$61$19
49 years$735$409$217$111$55$17
50 years$712$391$204$102$50$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $729,000, adding $4,832 every year, while hoping to spend $25,001 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: 43/48/9 Blend
68$729,000$729,000$729,000$729,000
69$808,342$769,705$758,406$840,795
70$864,192$780,820$757,211$874,969
71$924,901$791,641$755,139$909,052
72$990,938$802,129$752,133$945,406
73$1,062,819$812,238$748,135$984,248
74$1,141,112$821,924$743,083$1,025,820
75$1,226,443$831,135$736,914$1,070,386
76$1,319,498$839,819$729,559$1,118,239
77$1,421,036$847,920$720,948$1,169,702
78$1,531,890$855,376$711,008$1,225,135
79$1,652,978$862,124$699,662$1,284,931
80$1,785,308$868,094$686,827$1,349,528
81$1,929,993$873,215$672,419$1,419,407
82$2,088,258$877,408$656,351$1,495,102
83$2,261,450$880,590$638,528$1,577,201
84$2,451,054$882,675$618,855$1,666,354
85$2,658,703$883,568$597,228$1,763,280
86$2,886,199$883,171$573,543$1,868,772
87$3,135,522$881,378$547,689$1,983,706
88$3,408,858$878,077$519,548$2,109,049
89$3,708,609$873,151$489,000$2,245,870
90$4,037,424$866,472$455,919$2,395,349
91$4,398,220$857,908$420,171$2,558,788
92$4,794,210$847,317$381,619$2,737,626
93$5,228,933$834,550$340,117$2,933,452
94$5,706,288$819,447$295,515$3,148,019
95$6,230,570$801,839$247,655$3,383,262
96$6,806,509$781,550$196,372$3,641,318
97$7,439,316$758,390$141,494$3,924,546
98$8,134,735$732,159$82,842$4,235,550
99$8,899,089$702,646$20,228$4,577,203
100$9,739,347$669,627$0$4,952,677