Can I retire at age 69 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$60,943$60,400$59,871$59,354$58,849$57,520
2 years$30,170$29,608$29,064$28,536$28,023$26,691
3 years$19,914$19,349$18,806$18,283$17,779$16,486
4 years$14,786$14,224$13,686$13,172$12,680$11,436
5 years$11,711$11,152$10,621$10,117$9,639$8,447
6 years$9,661$9,106$8,583$8,091$7,627$6,488
7 years$8,198$7,647$7,133$6,652$6,203$5,118
8 years$7,100$6,555$6,049$5,580$5,146$4,114
9 years$6,248$5,707$5,210$4,753$4,334$3,354
10 years$5,566$5,031$4,542$4,097$3,693$2,765
11 years$5,008$4,479$3,999$3,566$3,176$2,298
12 years$4,544$4,020$3,549$3,128$2,752$1,923
13 years$4,151$3,633$3,171$2,761$2,400$1,618
14 years$3,815$3,302$2,849$2,451$2,104$1,368
15 years$3,524$3,016$2,572$2,186$1,852$1,160
16 years$3,270$2,768$2,332$1,957$1,637$987
17 years$3,045$2,549$2,122$1,759$1,451$842
18 years$2,846$2,355$1,937$1,585$1,291$720
19 years$2,668$2,183$1,773$1,432$1,150$617
20 years$2,508$2,028$1,628$1,297$1,027$529
21 years$2,364$1,889$1,497$1,177$919$454
22 years$2,232$1,764$1,380$1,070$824$391
23 years$2,113$1,649$1,274$975$740$336
24 years$2,003$1,545$1,178$889$665$290
25 years$1,903$1,450$1,091$812$598$250
26 years$1,810$1,363$1,012$742$539$215
27 years$1,724$1,283$940$679$486$186
28 years$1,645$1,209$874$623$438$161
29 years$1,571$1,140$813$571$396$139
30 years$1,502$1,077$757$524$358$120
31 years$1,438$1,018$706$481$323$104
32 years$1,378$963$659$442$293$90
33 years$1,322$912$615$407$265$77
34 years$1,269$865$575$374$240$67
35 years$1,219$820$537$344$217$58
36 years$1,172$778$503$317$197$50
37 years$1,128$739$470$292$178$43
38 years$1,086$703$441$269$162$37
39 years$1,046$668$413$248$147$32
40 years$1,009$636$387$229$133$28
41 years$973$605$363$211$121$24
42 years$940$576$340$195$109$21
43 years$907$549$319$180$99$18
44 years$877$523$300$166$90$16
45 years$848$499$281$154$82$14
46 years$820$476$264$142$74$12
47 years$793$454$248$131$67$10
48 years$768$434$233$121$61$9
49 years$744$414$219$112$56$8
50 years$721$396$206$103$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $738,000, adding $3,800 every year, while hoping to spend $37,445 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: 24/49/27 Blend
68$738,000$738,000$738,000$738,000
69$817,196$778,082$766,643$829,776
70$860,708$776,367$752,484$838,970
71$907,405$773,312$736,596$845,389
72$957,569$768,814$718,881$851,475
73$1,011,515$762,760$699,238$857,226
74$1,069,586$755,032$677,559$862,642
75$1,132,160$745,504$653,733$867,728
76$1,199,651$734,044$627,643$872,491
77$1,272,514$720,511$599,168$876,947
78$1,351,249$704,755$568,180$881,115
79$1,436,408$686,619$534,545$885,023
80$1,528,593$665,935$498,124$888,704
81$1,628,470$642,527$458,771$892,205
82$1,736,770$616,206$416,336$895,579
83$1,854,294$586,774$370,657$898,892
84$1,981,929$554,023$321,570$902,225
85$2,120,644$517,729$268,902$905,672
86$2,271,511$477,658$212,471$909,344
87$2,435,704$433,562$152,088$913,373
88$2,614,519$385,180$87,555$917,912
89$2,809,379$332,233$18,668$923,137
90$3,021,853$274,430$0$929,253
91$3,253,666$211,461$0$952,295
92$3,506,716$142,999$0$983,499
93$3,783,095$68,699$0$1,017,855
94$4,085,103$0$0$1,055,784
95$4,415,274$0$0$1,104,122
96$4,776,398$0$0$1,197,628
97$5,171,545$0$0$1,300,069
98$5,604,098$0$0$1,412,338
99$6,077,780$0$0$1,535,418
100$6,596,693$0$0$1,670,391