Can I retire at age 69 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$61,604$61,055$60,520$59,997$59,487$58,964
2 years$30,497$29,929$29,379$28,845$28,327$27,800
3 years$20,129$19,559$19,010$18,481$17,972$17,457
4 years$14,947$14,378$13,834$13,315$12,818$12,319
5 years$11,838$11,272$10,736$10,227$9,744$9,263
6 years$9,766$9,205$8,676$8,179$7,710$7,248
7 years$8,286$7,730$7,210$6,724$6,270$5,826
8 years$7,177$6,626$6,115$5,641$5,202$4,776
9 years$6,315$5,769$5,267$4,805$4,381$3,974
10 years$5,626$5,085$4,592$4,142$3,733$3,344
11 years$5,062$4,527$4,042$3,604$3,210$2,839
12 years$4,593$4,063$3,587$3,162$2,782$2,428
13 years$4,196$3,672$3,205$2,791$2,426$2,090
14 years$3,857$3,338$2,880$2,478$2,126$1,807
15 years$3,562$3,049$2,600$2,210$1,872$1,569
16 years$3,305$2,798$2,357$1,979$1,655$1,367
17 years$3,078$2,576$2,145$1,778$1,467$1,195
18 years$2,877$2,381$1,958$1,602$1,305$1,047
19 years$2,697$2,206$1,793$1,448$1,163$919
20 years$2,535$2,050$1,645$1,311$1,039$809
21 years$2,389$1,910$1,513$1,190$929$713
22 years$2,257$1,783$1,395$1,082$833$629
23 years$2,136$1,667$1,288$985$748$556
24 years$2,025$1,562$1,191$899$672$492
25 years$1,923$1,466$1,103$821$605$435
26 years$1,830$1,378$1,023$750$545$386
27 years$1,743$1,297$950$687$491$342
28 years$1,663$1,222$883$629$443$304
29 years$1,588$1,153$822$577$400$270
30 years$1,519$1,089$766$530$362$240
31 years$1,454$1,029$714$486$327$213
32 years$1,393$974$666$447$296$189
33 years$1,336$922$622$411$268$168
34 years$1,283$874$581$378$242$150
35 years$1,232$829$543$348$219$133
36 years$1,185$787$508$321$199$119
37 years$1,140$747$476$295$180$106
38 years$1,098$710$445$272$163$94
39 years$1,058$675$417$251$148$84
40 years$1,020$643$391$232$134$75
41 years$984$612$367$214$122$67
42 years$950$582$344$197$111$59
43 years$917$555$323$182$100$53
44 years$886$529$303$168$91$47
45 years$857$504$284$155$83$42
46 years$829$481$267$143$75$37
47 years$802$459$251$132$68$33
48 years$776$438$236$122$62$30
49 years$752$419$222$113$56$27
50 years$728$400$208$105$51$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $746,000, adding $6,743 every year, while hoping to spend $25,803 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: 33/43/24 Blend
68$746,000$746,000$746,000$746,000
69$829,047$789,509$777,946$850,141
70$886,156$800,741$776,553$877,789
71$948,225$811,658$774,249$904,769
72$1,015,733$822,219$770,975$933,326
73$1,089,206$832,376$766,672$963,617
74$1,169,225$842,082$761,275$995,816
75$1,256,427$851,285$754,718$1,030,114
76$1,351,513$859,929$746,932$1,066,724
77$1,455,256$867,954$737,843$1,105,883
78$1,568,507$875,299$727,376$1,147,851
79$1,692,201$881,895$715,449$1,192,920
80$1,827,369$887,670$701,980$1,241,411
81$1,975,144$892,550$686,880$1,293,681
82$2,136,776$896,452$670,057$1,350,124
83$2,313,640$899,291$651,417$1,411,178
84$2,507,250$900,975$630,858$1,477,327
85$2,719,272$901,406$608,275$1,549,108
86$2,951,544$900,481$583,558$1,627,115
87$3,206,088$898,090$556,593$1,712,005
88$3,485,129$894,117$527,260$1,804,505
89$3,791,122$888,438$495,432$1,905,421
90$4,126,766$880,922$460,980$2,015,643
91$4,495,039$871,429$423,765$2,136,157
92$4,899,216$859,813$383,644$2,268,053
93$5,342,909$845,916$340,469$2,412,536
94$5,830,093$829,574$294,082$2,570,939
95$6,365,150$810,610$244,321$2,744,736
96$6,952,904$788,840$191,015$2,935,554
97$7,598,673$764,065$133,987$3,145,196
98$8,308,312$736,079$73,050$3,375,650
99$9,088,274$704,660$8,011$3,629,116
100$9,945,665$669,576$0$3,908,023