Can I retire at age 69 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$62,017$61,464$60,926$60,399$59,886$58,869
2 years$30,701$30,130$29,575$29,038$28,517$27,496
3 years$20,264$19,690$19,137$18,605$18,092$17,099
4 years$15,047$14,474$13,927$13,404$12,904$11,945
5 years$11,917$11,348$10,808$10,295$9,809$8,888
6 years$9,831$9,266$8,734$8,233$7,762$6,880
7 years$8,342$7,782$7,258$6,769$6,312$5,469
8 years$7,226$6,671$6,156$5,678$5,237$4,433
9 years$6,358$5,808$5,302$4,837$4,410$3,644
10 years$5,664$5,119$4,622$4,169$3,758$3,030
11 years$5,096$4,558$4,069$3,629$3,232$2,541
12 years$4,624$4,091$3,611$3,183$2,800$2,145
13 years$4,224$3,697$3,227$2,810$2,442$1,822
14 years$3,882$3,360$2,899$2,494$2,141$1,555
15 years$3,586$3,070$2,618$2,224$1,885$1,332
16 years$3,327$2,816$2,373$1,992$1,666$1,145
17 years$3,099$2,594$2,159$1,790$1,477$986
18 years$2,896$2,397$1,971$1,613$1,313$852
19 years$2,715$2,221$1,805$1,457$1,171$737
20 years$2,552$2,064$1,656$1,320$1,046$639
21 years$2,405$1,923$1,523$1,198$936$555
22 years$2,272$1,795$1,404$1,089$839$482
23 years$2,150$1,679$1,296$992$753$420
24 years$2,039$1,573$1,199$905$677$366
25 years$1,936$1,476$1,110$826$609$319
26 years$1,842$1,387$1,030$755$548$278
27 years$1,755$1,305$956$691$495$243
28 years$1,674$1,230$889$634$446$212
29 years$1,599$1,160$827$581$403$185
30 years$1,529$1,096$771$533$364$162
31 years$1,463$1,036$718$490$329$141
32 years$1,402$980$670$450$298$124
33 years$1,345$928$626$414$269$108
34 years$1,291$880$585$381$244$95
35 years$1,240$835$547$351$221$83
36 years$1,193$792$511$323$200$73
37 years$1,148$752$479$297$181$64
38 years$1,105$715$448$274$165$56
39 years$1,065$680$420$253$149$49
40 years$1,027$647$394$233$135$43
41 years$991$616$369$215$123$37
42 years$956$586$346$199$111$33
43 years$923$559$325$183$101$29
44 years$892$533$305$169$92$25
45 years$863$508$286$156$83$22
46 years$834$484$269$144$76$19
47 years$807$462$253$133$69$17
48 years$782$441$237$123$62$15
49 years$757$421$223$114$57$13
50 years$733$403$210$105$51$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $751,000, adding $5,131 every year, while hoping to spend $22,666 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: 46/30/24 Blend
68$751,000$751,000$751,000$751,000
69$832,895$793,092$781,451$865,259
70$893,733$807,837$783,513$903,300
71$960,018$822,545$784,885$941,923
72$1,032,280$837,190$785,519$983,375
73$1,111,105$851,744$785,366$1,027,931
74$1,197,136$866,178$784,374$1,075,896
75$1,291,082$880,458$782,488$1,127,606
76$1,393,723$894,552$779,653$1,183,431
77$1,505,919$908,421$775,808$1,243,779
78$1,628,615$922,026$770,889$1,309,104
79$1,762,853$935,324$764,833$1,379,902
80$1,909,778$948,269$757,569$1,456,723
81$2,070,654$960,813$749,026$1,540,175
82$2,246,871$972,903$739,129$1,630,927
83$2,439,959$984,483$727,797$1,729,718
84$2,651,606$995,494$714,949$1,837,363
85$2,883,668$1,005,871$700,498$1,954,763
86$3,138,191$1,015,547$684,353$2,082,911
87$3,417,427$1,024,450$666,420$2,222,902
88$3,723,858$1,032,501$646,599$2,375,945
89$4,060,218$1,039,620$624,786$2,543,374
90$4,429,517$1,045,718$600,873$2,726,663
91$4,835,072$1,050,702$574,746$2,927,433
92$5,280,536$1,054,474$546,287$3,147,477
93$5,769,935$1,056,927$515,372$3,388,772
94$6,307,702$1,057,950$481,871$3,653,497
95$6,898,722$1,057,425$445,648$3,944,058
96$7,548,377$1,055,223$406,562$4,263,108
97$8,262,595$1,051,213$364,466$4,613,575
98$9,047,908$1,045,251$319,204$4,998,685
99$9,911,513$1,037,187$270,616$5,422,000
100$10,861,338$1,026,860$218,532$5,887,447