Can I retire at age 69 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$61,687$61,137$60,601$60,078$59,567$58,174
2 years$30,538$29,969$29,418$28,884$28,365$26,970
3 years$20,156$19,585$19,035$18,506$17,996$16,642
4 years$14,967$14,397$13,853$13,333$12,835$11,532
5 years$11,854$11,288$10,750$10,241$9,757$8,509
6 years$9,779$9,217$8,688$8,190$7,720$6,529
7 years$8,298$7,741$7,220$6,733$6,279$5,144
8 years$7,187$6,635$6,123$5,648$5,209$4,130
9 years$6,324$5,777$5,274$4,811$4,387$3,364
10 years$5,634$5,092$4,598$4,147$3,738$2,769
11 years$5,069$4,533$4,048$3,609$3,214$2,299
12 years$4,599$4,069$3,592$3,166$2,786$1,921
13 years$4,202$3,677$3,209$2,795$2,429$1,614
14 years$3,862$3,342$2,884$2,481$2,129$1,363
15 years$3,567$3,053$2,604$2,213$1,875$1,154
16 years$3,309$2,801$2,361$1,981$1,657$981
17 years$3,082$2,580$2,148$1,780$1,469$836
18 years$2,881$2,384$1,961$1,604$1,306$713
19 years$2,701$2,209$1,795$1,450$1,164$610
20 years$2,539$2,053$1,647$1,313$1,040$523
21 years$2,392$1,912$1,515$1,191$931$448
22 years$2,260$1,785$1,397$1,083$834$385
23 years$2,139$1,670$1,289$987$749$331
24 years$2,028$1,564$1,193$900$673$284
25 years$1,926$1,468$1,105$822$606$245
26 years$1,832$1,380$1,024$751$546$211
27 years$1,745$1,298$951$688$492$182
28 years$1,665$1,224$884$630$444$157
29 years$1,590$1,154$823$578$401$135
30 years$1,521$1,090$767$530$362$116
31 years$1,456$1,030$715$487$327$100
32 years$1,395$975$667$448$296$87
33 years$1,338$923$623$412$268$75
34 years$1,284$875$582$379$243$65
35 years$1,234$830$544$349$220$56
36 years$1,186$788$509$321$199$48
37 years$1,142$748$476$296$180$42
38 years$1,099$711$446$273$164$36
39 years$1,059$676$418$251$148$31
40 years$1,021$643$392$232$135$27
41 years$985$612$367$214$122$23
42 years$951$583$344$197$111$20
43 years$919$556$323$182$101$17
44 years$888$530$303$168$91$15
45 years$858$505$285$155$83$13
46 years$830$482$268$144$75$11
47 years$803$460$251$133$68$10
48 years$777$439$236$123$62$8
49 years$753$419$222$113$56$7
50 years$729$400$209$105$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $747,000, adding $3,004 every year, while hoping to spend $48,309 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: 63/17/20 Blend
68$747,000$747,000$747,000$747,000
69$826,293$786,702$775,123$873,927
70$859,174$773,850$749,689$893,527
71$893,790$758,749$721,784$909,227
72$930,267$741,238$691,275$925,255
73$968,742$721,146$658,020$941,647
74$1,009,365$698,293$621,874$958,443
75$1,052,297$672,487$582,685$975,693
76$1,097,719$643,526$540,292$993,450
77$1,145,823$611,195$494,528$1,011,776
78$1,196,822$575,269$445,220$1,030,743
79$1,250,948$535,507$392,185$1,050,432
80$1,308,454$491,656$335,232$1,070,934
81$1,369,618$443,449$274,164$1,092,354
82$1,434,743$390,603$208,773$1,114,807
83$1,504,162$332,817$138,842$1,138,429
84$1,578,239$269,777$64,146$1,163,368
85$1,657,372$201,149$0$1,189,793
86$1,741,998$126,580$0$1,221,216
87$1,832,597$45,697$0$1,269,352
88$1,929,693$0$0$1,320,793
89$2,033,864$0$0$1,383,701
90$2,145,742$0$0$1,460,481
91$2,266,020$0$0$1,543,065
92$2,395,462$0$0$1,631,982
93$2,534,903$0$0$1,727,811
94$2,685,263$0$0$1,831,189
95$2,847,551$0$0$1,942,818
96$3,022,877$0$0$2,063,465
97$3,212,460$0$0$2,193,976
98$3,417,640$0$0$2,335,280
99$3,639,889$0$0$2,488,399
100$3,880,828$0$0$2,654,457