Can I retire at age 69 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$61,934$61,383$60,844$60,319$59,806$58,864
2 years$30,661$30,090$29,536$29,000$28,479$27,532
3 years$20,237$19,664$19,112$18,580$18,068$17,146
4 years$15,027$14,455$13,909$13,386$12,886$11,996
5 years$11,901$11,333$10,794$10,282$9,796$8,941
6 years$9,818$9,254$8,723$8,222$7,751$6,931
7 years$8,331$7,772$7,249$6,760$6,304$5,520
8 years$7,216$6,662$6,147$5,671$5,230$4,481
9 years$6,349$5,800$5,295$4,830$4,404$3,691
10 years$5,656$5,113$4,616$4,164$3,753$3,074
11 years$5,090$4,551$4,064$3,624$3,227$2,583
12 years$4,618$4,085$3,607$3,179$2,797$2,185
13 years$4,219$3,692$3,222$2,806$2,439$1,860
14 years$3,877$3,356$2,895$2,491$2,138$1,590
15 years$3,581$3,066$2,614$2,222$1,882$1,365
16 years$3,323$2,813$2,370$1,989$1,664$1,175
17 years$3,095$2,590$2,157$1,787$1,475$1,015
18 years$2,892$2,394$1,969$1,611$1,312$879
19 years$2,712$2,218$1,802$1,455$1,169$762
20 years$2,549$2,061$1,654$1,318$1,044$662
21 years$2,402$1,920$1,521$1,196$934$576
22 years$2,269$1,792$1,402$1,088$838$502
23 years$2,147$1,676$1,295$991$752$438
24 years$2,036$1,571$1,197$903$676$382
25 years$1,934$1,474$1,109$825$608$334
26 years$1,839$1,385$1,029$754$548$292
27 years$1,752$1,304$955$691$494$255
28 years$1,672$1,228$888$633$446$224
29 years$1,597$1,159$826$580$402$196
30 years$1,527$1,094$770$532$364$172
31 years$1,461$1,035$717$489$329$150
32 years$1,400$979$669$449$297$132
33 years$1,343$927$625$413$269$116
34 years$1,289$879$584$380$244$101
35 years$1,239$833$546$350$221$89
36 years$1,191$791$511$322$200$78
37 years$1,146$751$478$297$181$69
38 years$1,104$714$448$274$164$60
39 years$1,063$679$419$252$149$53
40 years$1,025$646$393$233$135$46
41 years$989$615$369$215$123$41
42 years$955$586$346$198$111$36
43 years$922$558$324$183$101$31
44 years$891$532$305$169$92$28
45 years$861$507$286$156$83$24
46 years$833$484$269$144$76$21
47 years$806$462$252$133$69$19
48 years$780$441$237$123$62$16
49 years$756$421$223$114$57$14
50 years$732$402$210$105$51$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $750,000, adding $6,202 every year, while hoping to spend $55,639 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: 42/31/27 Blend
68$750,000$750,000$750,000$750,000
69$832,897$793,147$781,522$861,073
70$858,653$772,812$748,504$861,567
71$885,172$749,616$712,515$856,380
72$912,472$723,359$673,396$849,690
73$940,572$693,832$630,983$841,392
74$969,492$660,811$585,102$831,374
75$999,250$624,061$535,574$819,517
76$1,029,867$583,333$482,208$805,698
77$1,061,360$538,363$424,809$789,784
78$1,093,748$488,873$363,170$771,636
79$1,127,050$434,567$297,076$751,108
80$1,161,284$375,135$226,302$728,042
81$1,196,467$310,249$150,615$702,276
82$1,232,615$239,560$69,770$673,636
83$1,269,745$162,702$0$641,939
84$1,307,871$79,286$0$611,747
85$1,347,008$0$0$599,860
86$1,387,167$0$0$589,805
87$1,428,360$0$0$607,226
88$1,470,594$0$0$625,076
89$1,513,878$0$0$643,359
90$1,558,215$0$0$662,075
91$1,603,607$0$0$681,221
92$1,650,052$0$0$700,797
93$1,697,546$0$0$720,797
94$1,746,078$0$0$741,215
95$1,795,635$0$0$762,043
96$1,846,197$0$0$783,271
97$1,897,741$0$0$804,884
98$1,950,233$0$0$826,865
99$2,003,636$0$0$849,195
100$2,057,902$0$0$871,849