Can I retire at age 69 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$62,182$61,628$61,088$60,560$60,045$58,857
2 years$30,783$30,210$29,654$29,116$28,593$27,401
3 years$20,318$19,742$19,188$18,655$18,141$16,982
4 years$15,087$14,513$13,964$13,440$12,938$11,821
5 years$11,949$11,378$10,837$10,323$9,835$8,764
6 years$9,857$9,291$8,758$8,255$7,782$6,758
7 years$8,364$7,803$7,278$6,787$6,329$5,351
8 years$7,245$6,688$6,172$5,694$5,251$4,319
9 years$6,375$5,823$5,316$4,850$4,422$3,536
10 years$5,679$5,133$4,635$4,180$3,768$2,927
11 years$5,110$4,570$4,080$3,638$3,240$2,444
12 years$4,636$4,101$3,621$3,191$2,808$2,055
13 years$4,236$3,707$3,235$2,817$2,449$1,737
14 years$3,893$3,369$2,907$2,501$2,146$1,475
15 years$3,596$3,078$2,624$2,230$1,890$1,257
16 years$3,336$2,824$2,379$1,997$1,670$1,075
17 years$3,107$2,601$2,165$1,794$1,481$922
18 years$2,904$2,403$1,977$1,617$1,317$792
19 years$2,722$2,227$1,809$1,461$1,174$682
20 years$2,559$2,070$1,661$1,323$1,048$588
21 years$2,412$1,928$1,527$1,201$938$508
22 years$2,278$1,799$1,408$1,092$841$439
23 years$2,156$1,683$1,300$995$755$380
24 years$2,044$1,577$1,202$907$678$329
25 years$1,941$1,480$1,113$828$611$285
26 years$1,847$1,391$1,033$757$550$248
27 years$1,759$1,309$959$693$496$215
28 years$1,678$1,233$891$635$447$187
29 years$1,603$1,164$830$583$404$162
30 years$1,533$1,099$773$535$365$141
31 years$1,467$1,039$720$491$330$122
32 years$1,406$983$672$451$299$106
33 years$1,349$931$628$415$270$93
34 years$1,295$882$586$382$245$81
35 years$1,244$837$548$351$222$70
36 years$1,196$794$513$324$201$61
37 years$1,151$754$480$298$182$53
38 years$1,108$717$449$275$165$46
39 years$1,068$682$421$253$150$40
40 years$1,029$649$395$234$136$35
41 years$993$617$370$216$123$30
42 years$959$588$347$199$112$27
43 years$926$560$326$184$101$23
44 years$895$534$306$170$92$20
45 years$865$509$287$157$84$18
46 years$837$486$270$145$76$15
47 years$809$464$253$134$69$13
48 years$784$443$238$124$63$12
49 years$759$423$224$114$57$10
50 years$735$404$210$106$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $753,000, adding $4,079 every year, while hoping to spend $21,507 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: 58/37/5 Blend
68$753,000$753,000$753,000$753,000
69$834,013$794,104$782,433$881,384
70$896,200$810,132$785,761$929,663
71$964,008$826,225$788,480$979,446
72$1,037,989$842,362$790,547$1,033,161
73$1,118,749$858,523$791,915$1,091,184
74$1,206,956$874,685$792,539$1,153,930
75$1,303,344$890,823$792,367$1,221,856
76$1,408,721$906,910$791,348$1,295,467
77$1,523,979$922,917$789,426$1,375,317
78$1,650,098$938,812$786,545$1,462,018
79$1,788,157$954,563$782,643$1,556,245
80$1,939,345$970,133$777,657$1,658,739
81$2,104,971$985,482$771,522$1,770,318
82$2,286,477$1,000,570$764,167$1,891,886
83$2,485,451$1,015,351$755,520$2,024,435
84$2,703,642$1,029,778$745,505$2,169,061
85$2,942,975$1,043,799$734,041$2,326,970
86$3,205,572$1,057,359$721,045$2,499,494
87$3,493,771$1,070,400$706,430$2,688,099
88$3,810,144$1,082,858$690,105$2,894,401
89$4,157,528$1,094,667$671,972$3,120,180
90$4,539,046$1,105,756$651,933$3,367,402
91$4,958,138$1,116,047$629,882$3,638,230
92$5,418,594$1,125,460$605,710$3,935,049
93$5,924,592$1,133,908$579,302$4,260,489
94$6,480,730$1,141,299$550,538$4,617,449
95$7,092,076$1,147,535$519,293$5,009,123
96$7,764,215$1,152,512$485,437$5,439,032
97$8,503,298$1,156,117$448,831$5,911,060
98$9,316,102$1,158,235$409,335$6,429,484
99$10,210,094$1,158,738$366,797$6,999,020
100$11,193,501$1,157,493$321,062$7,624,868