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%12.4%
1 years$60,943$60,400$59,871$59,354$58,849$58,259
2 years$30,170$29,608$29,064$28,536$28,023$27,429
3 years$19,914$19,349$18,806$18,283$17,779$17,199
4 years$14,786$14,224$13,686$13,172$12,680$12,119
5 years$11,711$11,152$10,621$10,117$9,639$9,098
6 years$9,661$9,106$8,583$8,091$7,627$7,107
7 years$8,198$7,647$7,133$6,652$6,203$5,704
8 years$7,100$6,555$6,049$5,580$5,146$4,668
9 years$6,248$5,707$5,210$4,753$4,334$3,877
10 years$5,566$5,031$4,542$4,097$3,693$3,256
11 years$5,008$4,479$3,999$3,566$3,176$2,760
12 years$4,544$4,020$3,549$3,128$2,752$2,356
13 years$4,151$3,633$3,171$2,761$2,400$2,023
14 years$3,815$3,302$2,849$2,451$2,104$1,746
15 years$3,524$3,016$2,572$2,186$1,852$1,513
16 years$3,270$2,768$2,332$1,957$1,637$1,316
17 years$3,045$2,549$2,122$1,759$1,451$1,148
18 years$2,846$2,355$1,937$1,585$1,291$1,003
19 years$2,668$2,183$1,773$1,432$1,150$879
20 years$2,508$2,028$1,628$1,297$1,027$772
21 years$2,364$1,889$1,497$1,177$919$679
22 years$2,232$1,764$1,380$1,070$824$598
23 years$2,113$1,649$1,274$975$740$527
24 years$2,003$1,545$1,178$889$665$465
25 years$1,903$1,450$1,091$812$598$411
26 years$1,810$1,363$1,012$742$539$363
27 years$1,724$1,283$940$679$486$321
28 years$1,645$1,209$874$623$438$285
29 years$1,571$1,140$813$571$396$252
30 years$1,502$1,077$757$524$358$223
31 years$1,438$1,018$706$481$323$198
32 years$1,378$963$659$442$293$176
33 years$1,322$912$615$407$265$156
34 years$1,269$865$575$374$240$138
35 years$1,219$820$537$344$217$123
36 years$1,172$778$503$317$197$109
37 years$1,128$739$470$292$178$97
38 years$1,086$703$441$269$162$86
39 years$1,046$668$413$248$147$76
40 years$1,009$636$387$229$133$68
41 years$973$605$363$211$121$60
42 years$940$576$340$195$109$54
43 years$907$549$319$180$99$48
44 years$877$523$300$166$90$42
45 years$848$499$281$154$82$38
46 years$820$476$264$142$74$34
47 years$793$454$248$131$67$30
48 years$768$434$233$121$61$27
49 years$744$414$219$112$56$24
50 years$721$396$206$103$51$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $738,000, adding $4,839 every year, while hoping to spend $33,672 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: 67/20/13 Blend
68$738,000$738,000$738,000$738,000
69$818,267$779,153$767,714$870,360
70$865,904$781,505$757,606$908,035
71$917,271$782,844$746,031$944,780
72$972,713$783,084$732,903$984,098
73$1,032,610$782,135$718,135$1,026,238
74$1,097,377$779,900$701,634$1,071,475
75$1,167,473$776,279$683,303$1,120,112
76$1,243,401$771,163$663,039$1,172,486
77$1,325,715$764,436$640,737$1,228,965
78$1,415,022$755,978$616,286$1,289,961
79$1,511,992$745,659$589,570$1,355,922
80$1,617,362$733,342$560,467$1,427,350
81$1,731,940$718,883$528,849$1,504,793
82$1,856,617$702,128$494,586$1,588,859
83$1,992,375$682,915$457,537$1,680,221
84$2,140,290$661,071$417,557$1,779,618
85$2,301,551$636,415$374,497$1,887,869
86$2,477,464$608,753$328,197$2,005,876
87$2,669,465$577,883$278,492$2,134,637
88$2,879,139$543,588$225,210$2,275,252
89$3,108,228$505,640$168,171$2,428,935
90$3,358,649$463,798$107,187$2,597,027
91$3,632,515$417,808$42,061$2,781,007
92$3,932,150$367,399$0$2,982,509
93$4,260,116$312,288$0$3,207,140
94$4,619,231$252,173$0$3,459,557
95$5,012,600$186,737$0$3,736,146
96$5,443,642$115,644$0$4,039,359
97$5,916,122$38,540$0$4,371,903
98$6,434,189$0$0$4,736,761
99$7,002,409$0$0$5,147,115
100$7,625,813$0$0$5,606,673