Can I retire at age 69 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$61,521$60,973$60,439$59,917$59,407$58,616
2 years$30,456$29,889$29,339$28,806$28,289$27,494
3 years$20,102$19,533$18,984$18,456$17,948$17,172
4 years$14,927$14,359$13,816$13,297$12,801$12,051
5 years$11,822$11,257$10,722$10,213$9,731$9,010
6 years$9,753$9,192$8,665$8,168$7,700$7,007
7 years$8,275$7,720$7,200$6,715$6,262$5,599
8 years$7,168$6,617$6,106$5,633$5,195$4,561
9 years$6,307$5,762$5,260$4,798$4,375$3,770
10 years$5,619$5,079$4,585$4,136$3,728$3,152
11 years$5,056$4,521$4,037$3,600$3,206$2,658
12 years$4,587$4,058$3,583$3,157$2,778$2,257
13 years$4,191$3,667$3,201$2,787$2,423$1,929
14 years$3,851$3,333$2,876$2,474$2,124$1,656
15 years$3,558$3,045$2,597$2,207$1,870$1,427
16 years$3,301$2,794$2,354$1,976$1,653$1,234
17 years$3,074$2,573$2,142$1,775$1,465$1,070
18 years$2,873$2,378$1,956$1,600$1,303$930
19 years$2,694$2,203$1,790$1,446$1,161$811
20 years$2,532$2,048$1,643$1,309$1,037$707
21 years$2,386$1,907$1,511$1,188$928$618
22 years$2,254$1,780$1,393$1,080$832$541
23 years$2,133$1,665$1,286$984$747$474
24 years$2,022$1,560$1,189$897$671$416
25 years$1,921$1,464$1,102$820$604$365
26 years$1,827$1,376$1,022$749$544$321
27 years$1,741$1,295$949$686$491$282
28 years$1,660$1,220$882$628$443$248
29 years$1,586$1,151$821$576$400$218
30 years$1,516$1,087$764$529$361$192
31 years$1,452$1,028$713$486$327$169
32 years$1,391$972$665$446$295$149
33 years$1,334$921$621$411$267$132
34 years$1,281$873$580$378$242$116
35 years$1,231$828$542$348$219$102
36 years$1,183$786$507$320$199$90
37 years$1,139$746$475$295$180$80
38 years$1,096$709$445$272$163$70
39 years$1,056$674$417$251$148$62
40 years$1,019$642$391$231$134$55
41 years$983$611$366$213$122$48
42 years$948$582$343$197$110$43
43 years$916$554$322$182$100$38
44 years$885$528$303$168$91$33
45 years$856$504$284$155$83$29
46 years$828$481$267$143$75$26
47 years$801$459$251$132$68$23
48 years$775$438$236$122$62$20
49 years$751$418$221$113$56$18
50 years$727$399$208$104$51$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $745,000, adding $5,985 every year, while hoping to spend $47,362 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: 54/32/14 Blend
68$745,000$745,000$745,000$745,000
69$827,164$787,679$776,131$868,469
70$861,141$775,882$751,739$885,467
71$896,998$761,920$724,942$898,360
72$934,874$745,637$695,610$911,313
73$974,924$726,866$663,606$924,343
74$1,017,318$705,434$628,788$937,469
75$1,062,239$681,155$591,007$950,720
76$1,109,888$653,832$550,106$964,125
77$1,160,485$623,258$505,924$977,723
78$1,214,271$589,214$458,288$991,558
79$1,271,509$551,468$407,023$1,005,685
80$1,332,486$509,773$351,942$1,020,164
81$1,397,519$463,871$292,851$1,035,068
82$1,466,952$413,487$229,548$1,050,483
83$1,541,164$358,331$161,821$1,066,504
84$1,620,570$298,097$89,449$1,083,246
85$1,705,625$232,460$12,203$1,100,836
86$1,796,829$161,080$0$1,119,422
87$1,894,727$83,595$0$1,149,664
88$1,999,922$0$0$1,183,890
89$2,113,073$0$0$1,220,664
90$2,234,903$0$0$1,292,004
91$2,366,209$0$0$1,368,946
92$2,507,863$0$0$1,452,009
93$2,660,825$0$0$1,541,762
94$2,826,150$0$0$1,638,832
95$3,004,997$0$0$1,743,907
96$3,198,639$0$0$1,857,744
97$3,408,477$0$0$1,981,175
98$3,636,052$0$0$2,115,115
99$3,883,056$0$0$2,260,571
100$4,151,353$0$0$2,418,649