Can I retire at age 69 with 763,000?

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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$63,008$62,447$61,899$61,365$60,843$60,058
2 years$31,192$30,611$30,048$29,502$28,973$28,183
3 years$20,588$20,005$19,443$18,902$18,381$17,611
4 years$15,287$14,706$14,150$13,618$13,110$12,365
5 years$12,107$11,529$10,981$10,460$9,966$9,249
6 years$9,988$9,415$8,874$8,365$7,886$7,198
7 years$8,475$7,906$7,374$6,877$6,413$5,754
8 years$7,341$6,777$6,254$5,769$5,320$4,691
9 years$6,459$5,901$5,387$4,914$4,480$3,879
10 years$5,754$5,201$4,696$4,236$3,818$3,245
11 years$5,178$4,630$4,134$3,687$3,283$2,738
12 years$4,698$4,156$3,669$3,234$2,845$2,327
13 years$4,292$3,756$3,278$2,855$2,481$1,989
14 years$3,944$3,414$2,945$2,534$2,175$1,709
15 years$3,643$3,119$2,659$2,260$1,915$1,474
16 years$3,380$2,861$2,411$2,024$1,692$1,276
17 years$3,148$2,635$2,194$1,818$1,501$1,107
18 years$2,943$2,435$2,003$1,639$1,334$963
19 years$2,759$2,257$1,834$1,481$1,189$840
20 years$2,593$2,097$1,683$1,341$1,062$733
21 years$2,444$1,953$1,548$1,217$951$641
22 years$2,308$1,823$1,426$1,107$852$562
23 years$2,184$1,705$1,317$1,008$765$493
24 years$2,071$1,598$1,218$919$688$432
25 years$1,967$1,499$1,128$839$619$380
26 years$1,871$1,409$1,046$767$557$334
27 years$1,783$1,326$972$703$502$294
28 years$1,701$1,250$903$644$453$259
29 years$1,624$1,179$841$590$409$228
30 years$1,553$1,113$783$542$370$201
31 years$1,487$1,053$730$497$334$177
32 years$1,425$996$681$457$302$156
33 years$1,366$943$636$420$274$138
34 years$1,312$894$594$387$248$122
35 years$1,260$848$555$356$224$107
36 years$1,212$805$520$328$203$95
37 years$1,166$764$486$302$184$84
38 years$1,123$726$455$279$167$74
39 years$1,082$691$427$257$152$65
40 years$1,043$657$400$237$137$58
41 years$1,006$626$375$219$125$51
42 years$971$596$352$202$113$45
43 years$938$568$330$186$103$40
44 years$907$541$310$172$93$35
45 years$876$516$291$159$85$31
46 years$848$492$273$147$77$27
47 years$820$470$257$135$70$24
48 years$794$448$241$125$63$21
49 years$769$428$227$116$58$19
50 years$745$409$213$107$52$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $763,000, adding $4,912 every year, while hoping to spend $59,869 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: 56/39/5 Blend
68$763,000$763,000$763,000$763,000
69$845,893$805,454$793,627$892,152
70$868,474$781,221$756,514$899,613
71$891,351$753,794$716,150$900,581
72$914,493$722,953$672,365$900,144
73$937,859$688,467$624,977$898,173
74$961,407$650,088$573,801$894,530
75$985,086$607,557$518,638$889,069
76$1,008,836$560,599$459,284$881,631
77$1,032,592$508,923$395,524$872,043
78$1,056,278$452,222$327,136$860,124
79$1,079,809$390,171$253,885$845,674
80$1,103,086$322,426$175,528$828,482
81$1,126,003$248,627$91,809$808,319
82$1,148,434$168,388$2,464$784,938
83$1,170,242$81,307$0$758,075
84$1,191,271$0$0$732,400
85$1,211,347$0$0$708,710
86$1,230,277$0$0$719,168
87$1,247,841$0$0$728,746
88$1,263,798$0$0$737,291
89$1,277,875$0$0$744,636
90$1,289,771$0$0$750,592
91$1,299,149$0$0$754,951
92$1,305,635$0$0$757,480
93$1,308,813$0$0$757,922
94$1,308,220$0$0$755,988
95$1,303,343$0$0$751,361
96$1,293,612$0$0$743,687
97$1,278,393$0$0$732,575
98$1,256,987$0$0$717,590
99$1,228,615$0$0$698,250
100$1,192,417$0$0$674,023