Can I retire at age 69 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$61,356$60,810$60,277$59,756$59,248$57,536
2 years$30,374$29,809$29,260$28,729$28,213$26,502
3 years$20,048$19,480$18,933$18,407$17,900$16,243
4 years$14,886$14,320$13,779$13,261$12,766$11,176
5 years$11,790$11,227$10,693$10,186$9,705$8,186
6 years$9,727$9,168$8,641$8,146$7,679$6,233
7 years$8,253$7,699$7,181$6,697$6,245$4,872
8 years$7,149$6,600$6,090$5,618$5,181$3,880
9 years$6,290$5,746$5,245$4,785$4,363$3,133
10 years$5,603$5,065$4,573$4,125$3,718$2,557
11 years$5,042$4,509$4,026$3,590$3,197$2,104
12 years$4,575$4,047$3,573$3,149$2,771$1,742
13 years$4,179$3,657$3,192$2,780$2,416$1,450
14 years$3,841$3,324$2,868$2,468$2,118$1,212
15 years$3,548$3,037$2,590$2,201$1,865$1,017
16 years$3,292$2,786$2,348$1,971$1,648$856
17 years$3,066$2,566$2,136$1,771$1,461$721
18 years$2,865$2,371$1,950$1,596$1,299$610
19 years$2,686$2,198$1,785$1,442$1,158$516
20 years$2,525$2,042$1,639$1,306$1,034$437
21 years$2,380$1,902$1,507$1,185$926$371
22 years$2,248$1,776$1,389$1,078$830$315
23 years$2,127$1,661$1,283$981$745$268
24 years$2,017$1,556$1,186$895$669$228
25 years$1,916$1,460$1,099$817$602$194
26 years$1,822$1,372$1,019$747$543$165
27 years$1,736$1,292$946$684$489$141
28 years$1,656$1,217$880$627$441$120
29 years$1,582$1,148$819$575$399$102
30 years$1,512$1,084$762$527$360$87
31 years$1,448$1,025$711$484$326$74
32 years$1,387$970$663$445$295$63
33 years$1,331$918$619$409$267$54
34 years$1,277$870$579$377$241$46
35 years$1,227$826$541$347$219$39
36 years$1,180$784$506$319$198$34
37 years$1,136$744$474$294$180$29
38 years$1,093$707$444$271$163$24
39 years$1,054$673$416$250$148$21
40 years$1,016$640$389$231$134$18
41 years$980$609$365$213$121$15
42 years$946$580$343$196$110$13
43 years$914$553$321$181$100$11
44 years$883$527$302$167$91$9
45 years$853$502$283$155$82$8
46 years$825$479$266$143$75$7
47 years$799$457$250$132$68$6
48 years$773$437$235$122$62$5
49 years$749$417$221$113$56$4
50 years$725$398$208$104$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $743,000, adding $2,702 every year, while hoping to spend $21,624 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: 30/47/23 Blend
68$743,000$743,000$743,000$743,000
69$821,573$782,194$770,678$840,280
70$882,366$797,514$773,488$870,181
71$948,635$812,860$775,667$900,218
72$1,020,915$828,210$777,172$932,086
73$1,099,797$843,541$777,956$965,957
74$1,185,930$858,827$777,971$1,002,021
75$1,280,028$874,043$777,165$1,040,491
76$1,382,877$889,158$775,487$1,081,598
77$1,495,344$904,140$772,880$1,125,600
78$1,618,383$918,956$769,284$1,172,781
79$1,753,042$933,569$764,639$1,223,457
80$1,900,479$947,940$758,881$1,277,975
81$2,061,965$962,027$751,942$1,336,719
82$2,238,904$975,785$743,750$1,400,114
83$2,432,840$989,166$734,233$1,468,628
84$2,645,472$1,002,117$723,312$1,542,780
85$2,878,673$1,014,584$710,907$1,623,143
86$3,134,508$1,026,509$696,931$1,710,350
87$3,415,246$1,037,827$681,298$1,805,099
88$3,723,393$1,048,471$663,913$1,908,163
89$4,061,704$1,058,371$644,678$2,020,395
90$4,433,216$1,067,450$623,493$2,142,737
91$4,841,274$1,075,625$600,251$2,276,230
92$5,289,565$1,082,811$574,840$2,422,023
93$5,782,147$1,088,916$547,143$2,581,384
94$6,323,493$1,093,840$517,040$2,755,717
95$6,918,532$1,097,480$484,403$2,946,566
96$7,572,690$1,099,725$449,099$3,155,643
97$8,291,949$1,100,457$410,989$3,384,831
98$9,082,899$1,099,550$369,928$3,636,214
99$9,952,798$1,096,871$325,764$3,912,090
100$10,909,646$1,092,280$278,339$4,214,996