Can I retire at age 69 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$62,760$62,201$61,656$61,123$60,603$59,526
2 years$31,069$30,491$29,930$29,386$28,859$27,777
3 years$20,507$19,926$19,367$18,828$18,309$17,257
4 years$15,227$14,648$14,094$13,565$13,058$12,043
5 years$12,060$11,484$10,937$10,419$9,927$8,952
6 years$9,949$9,378$8,839$8,332$7,855$6,921
7 years$8,442$7,875$7,345$6,850$6,388$5,496
8 years$7,312$6,751$6,229$5,746$5,299$4,449
9 years$6,434$5,878$5,365$4,895$4,463$3,654
10 years$5,732$5,181$4,678$4,219$3,803$3,034
11 years$5,157$4,612$4,118$3,672$3,270$2,541
12 years$4,679$4,140$3,655$3,221$2,834$2,143
13 years$4,275$3,741$3,265$2,844$2,471$1,818
14 years$3,929$3,400$2,934$2,524$2,166$1,549
15 years$3,629$3,106$2,649$2,251$1,907$1,325
16 years$3,367$2,850$2,402$2,016$1,686$1,137
17 years$3,136$2,625$2,185$1,811$1,495$978
18 years$2,931$2,425$1,995$1,632$1,329$844
19 years$2,748$2,248$1,826$1,475$1,185$729
20 years$2,583$2,089$1,676$1,336$1,058$631
21 years$2,434$1,946$1,542$1,212$947$547
22 years$2,299$1,816$1,421$1,102$849$475
23 years$2,176$1,699$1,312$1,004$762$413
24 years$2,063$1,592$1,213$916$685$359
25 years$1,959$1,494$1,124$836$616$312
26 years$1,864$1,404$1,042$764$555$272
27 years$1,776$1,321$968$700$500$237
28 years$1,694$1,245$900$641$452$207
29 years$1,618$1,174$837$588$408$180
30 years$1,547$1,109$780$540$368$157
31 years$1,481$1,048$727$496$333$137
32 years$1,419$992$678$455$301$120
33 years$1,361$939$633$419$273$105
34 years$1,307$890$592$385$247$91
35 years$1,255$845$553$355$224$80
36 years$1,207$802$518$327$203$70
37 years$1,161$761$484$301$184$61
38 years$1,118$724$454$277$166$53
39 years$1,078$688$425$256$151$47
40 years$1,039$655$398$236$137$41
41 years$1,002$623$374$218$124$36
42 years$968$593$350$201$113$31
43 years$934$565$329$185$102$27
44 years$903$539$309$171$93$24
45 years$873$514$290$158$84$21
46 years$844$490$272$146$77$18
47 years$817$468$256$135$70$16
48 years$791$447$240$125$63$14
49 years$766$427$226$115$57$12
50 years$742$407$212$107$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $760,000, adding $5,874 every year, while hoping to spend $38,036 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: 76/14/10 Blend
68$760,000$760,000$760,000$760,000
69$843,579$803,299$791,519$905,759
70$889,154$802,191$777,565$946,406
71$938,103$799,753$761,869$985,533
72$990,730$795,881$744,331$1,027,343
73$1,047,368$790,463$724,850$1,072,089
74$1,108,384$783,381$703,317$1,120,049
75$1,174,181$774,508$679,620$1,171,529
76$1,245,200$763,712$653,640$1,226,869
77$1,321,928$750,851$625,255$1,286,443
78$1,404,898$735,776$594,334$1,350,661
79$1,494,698$718,329$560,744$1,419,979
80$1,591,971$698,341$524,343$1,494,898
81$1,697,428$675,636$484,985$1,575,971
82$1,811,849$650,025$442,515$1,663,808
83$1,936,091$621,310$396,773$1,759,080
84$2,071,098$589,280$347,590$1,862,532
85$2,217,907$553,712$294,792$1,974,980
86$2,377,662$514,372$238,195$2,097,329
87$2,551,617$471,010$177,608$2,230,574
88$2,741,156$423,363$112,832$2,375,814
89$2,947,800$371,154$43,658$2,534,261
90$3,173,223$314,088$0$2,707,253
91$3,419,270$251,856$0$2,899,482
92$3,687,968$184,130$0$3,114,537
93$3,981,551$110,562$0$3,349,575
94$4,302,477$30,789$0$3,606,602
95$4,653,455$0$0$3,887,827
96$5,037,465$0$0$4,204,250
97$5,457,788$0$0$4,555,815
98$5,918,040$0$0$4,940,806
99$6,422,198$0$0$5,362,556
100$6,974,648$0$0$5,824,734