Can I retire at age 69 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$62,843$62,283$61,737$61,204$60,683$59,168
2 years$31,110$30,531$29,969$29,425$28,897$27,380
3 years$20,534$19,952$19,392$18,853$18,333$16,862
4 years$15,247$14,667$14,112$13,582$13,075$11,661
5 years$12,076$11,499$10,952$10,433$9,940$8,587
6 years$9,962$9,390$8,851$8,343$7,865$6,574
7 years$8,453$7,886$7,355$6,859$6,396$5,168
8 years$7,322$6,759$6,238$5,754$5,306$4,140
9 years$6,442$5,885$5,372$4,901$4,469$3,363
10 years$5,739$5,188$4,684$4,225$3,808$2,761
11 years$5,164$4,618$4,124$3,677$3,275$2,287
12 years$4,686$4,145$3,660$3,225$2,838$1,906
13 years$4,281$3,746$3,270$2,847$2,475$1,597
14 years$3,934$3,405$2,938$2,528$2,169$1,345
15 years$3,634$3,110$2,652$2,254$1,910$1,136
16 years$3,372$2,854$2,405$2,018$1,688$963
17 years$3,140$2,628$2,188$1,813$1,497$818
18 years$2,935$2,429$1,998$1,634$1,331$696
19 years$2,751$2,251$1,829$1,477$1,186$593
20 years$2,586$2,092$1,678$1,337$1,060$507
21 years$2,437$1,948$1,544$1,214$948$433
22 years$2,302$1,819$1,423$1,104$850$371
23 years$2,179$1,701$1,314$1,005$763$318
24 years$2,066$1,594$1,215$917$686$272
25 years$1,962$1,496$1,125$837$617$234
26 years$1,866$1,406$1,044$765$556$201
27 years$1,778$1,323$969$701$501$172
28 years$1,696$1,246$901$642$452$148
29 years$1,620$1,176$838$589$408$127
30 years$1,549$1,111$781$540$369$109
31 years$1,483$1,050$728$496$334$94
32 years$1,421$993$679$456$302$81
33 years$1,363$941$634$419$273$70
34 years$1,308$892$593$386$247$60
35 years$1,257$846$554$355$224$52
36 years$1,209$803$518$327$203$44
37 years$1,163$762$485$301$184$38
38 years$1,120$724$454$278$167$33
39 years$1,079$689$426$256$151$28
40 years$1,040$655$399$236$137$24
41 years$1,004$624$374$218$124$21
42 years$969$594$351$201$113$18
43 years$936$566$329$186$102$16
44 years$904$540$309$171$93$13
45 years$874$515$290$158$84$12
46 years$845$491$273$146$77$10
47 years$818$468$256$135$70$9
48 years$792$447$241$125$63$7
49 years$767$427$226$115$57$6
50 years$743$408$213$107$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $761,000, adding $2,994 every year, while hoping to spend $46,643 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: 55/31/14 Blend
68$761,000$761,000$761,000$761,000
69$841,710$801,377$789,582$884,770
70$877,937$791,017$766,405$904,010
71$916,295$778,586$740,889$919,644
72$956,954$763,933$712,905$935,595
73$1,000,096$746,899$682,320$951,906
74$1,045,924$727,314$648,995$968,622
75$1,094,656$705,000$612,784$985,797
76$1,146,533$679,767$573,535$1,003,494
77$1,201,818$651,415$531,087$1,021,784
78$1,260,800$619,731$485,275$1,040,749
79$1,323,795$584,491$435,925$1,060,482
80$1,391,149$545,458$382,856$1,081,090
81$1,463,241$502,381$325,876$1,102,695
82$1,540,488$454,993$264,789$1,125,432
83$1,623,346$403,016$199,388$1,149,459
84$1,712,316$346,152$129,456$1,174,952
85$1,807,947$284,089$54,768$1,202,108
86$1,910,843$216,495$0$1,231,153
87$2,021,668$143,022$0$1,266,065
88$2,141,147$63,300$0$1,312,375
89$2,270,082$0$0$1,362,251
90$2,409,350$0$0$1,423,958
91$2,559,917$0$0$1,514,071
92$2,722,842$0$0$1,611,639
93$2,899,294$0$0$1,717,368
94$3,090,553$0$0$1,832,034
95$3,298,030$0$0$1,956,489
96$3,523,275$0$0$2,091,673
97$3,767,994$0$0$2,238,618
98$4,034,062$0$0$2,398,460
99$4,323,544$0$0$2,572,447
100$4,638,710$0$0$2,761,956