Can I retire at age 69 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$60,365$59,828$59,303$58,791$58,291$56,905
2 years$29,884$29,327$28,788$28,265$27,758$26,369
3 years$19,725$19,166$18,628$18,110$17,611$16,263
4 years$14,646$14,089$13,556$13,047$12,560$11,264
5 years$11,600$11,046$10,520$10,021$9,548$8,307
6 years$9,569$9,020$8,502$8,014$7,555$6,371
7 years$8,120$7,575$7,065$6,589$6,144$5,016
8 years$7,033$6,493$5,992$5,527$5,097$4,026
9 years$6,188$5,653$5,161$4,708$4,293$3,276
10 years$5,513$4,983$4,499$4,058$3,657$2,695
11 years$4,961$4,436$3,961$3,532$3,146$2,236
12 years$4,501$3,982$3,515$3,098$2,726$1,868
13 years$4,112$3,598$3,141$2,735$2,377$1,568
14 years$3,779$3,271$2,822$2,428$2,084$1,323
15 years$3,491$2,988$2,548$2,165$1,835$1,120
16 years$3,239$2,741$2,310$1,939$1,621$951
17 years$3,016$2,525$2,102$1,742$1,438$809
18 years$2,819$2,333$1,919$1,570$1,278$691
19 years$2,643$2,162$1,757$1,418$1,139$590
20 years$2,484$2,009$1,612$1,285$1,018$505
21 years$2,341$1,871$1,483$1,166$911$433
22 years$2,211$1,747$1,367$1,060$816$371
23 years$2,093$1,634$1,262$965$733$319
24 years$1,984$1,531$1,167$881$659$274
25 years$1,885$1,437$1,081$804$593$236
26 years$1,793$1,350$1,002$735$534$203
27 years$1,708$1,271$931$673$481$175
28 years$1,629$1,197$865$617$434$150
29 years$1,556$1,130$805$565$392$130
30 years$1,488$1,067$750$519$354$112
31 years$1,424$1,008$699$477$320$96
32 years$1,365$954$652$438$290$83
33 years$1,309$904$609$403$262$72
34 years$1,257$856$569$371$237$62
35 years$1,207$812$532$341$215$53
36 years$1,161$771$498$314$195$46
37 years$1,117$732$466$290$177$40
38 years$1,076$696$436$267$160$34
39 years$1,037$662$409$246$145$30
40 years$999$630$383$227$132$26
41 years$964$599$359$209$119$22
42 years$931$571$337$193$108$19
43 years$899$544$316$178$98$16
44 years$869$518$297$165$89$14
45 years$840$494$279$152$81$12
46 years$812$472$262$141$74$11
47 years$786$450$246$130$67$9
48 years$761$430$231$120$61$8
49 years$737$410$217$111$55$7
50 years$714$392$204$102$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $731,000, adding $4,708 every year, while hoping to spend $58,520 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: 54/17/29 Blend
68$731,000$731,000$731,000$731,000
69$810,418$771,675$760,345$847,408
70$830,816$747,223$723,552$849,067
71$851,333$719,610$683,564$844,511
72$871,920$688,622$640,214$838,390
73$892,520$654,028$593,325$830,579
74$913,068$615,587$542,713$820,940
75$933,492$573,042$488,185$809,326
76$953,708$526,121$429,540$795,580
77$973,625$474,539$366,567$779,532
78$993,136$417,993$299,048$761,000
79$1,012,123$356,162$226,754$739,789
80$1,030,454$288,708$149,445$715,688
81$1,047,980$215,275$66,871$688,469
82$1,064,536$135,485$0$657,889
83$1,079,934$48,939$0$630,260
84$1,093,968$0$0$621,233
85$1,106,405$0$0$618,253
86$1,116,988$0$0$623,286
87$1,125,429$0$0$627,004
88$1,131,407$0$0$629,216
89$1,134,568$0$0$629,709
90$1,134,516$0$0$628,247
91$1,130,811$0$0$624,565
92$1,122,966$0$0$618,374
93$1,110,441$0$0$609,349
94$1,092,636$0$0$597,133
95$1,068,886$0$0$581,328
96$1,038,454$0$0$561,494
97$1,000,526$0$0$537,145
98$954,197$0$0$507,741
99$898,469$0$0$472,686
100$832,236$0$0$431,319