Can I retire at age 69 with 512,000?

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 $512,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$42,280$41,904$41,536$41,178$40,828$39,552
2 years$20,931$20,541$20,163$19,797$19,442$18,168
3 years$13,815$13,424$13,047$12,684$12,335$11,103
4 years$10,258$9,868$9,495$9,138$8,797$7,617
5 years$8,125$7,737$7,368$7,019$6,687$5,561
6 years$6,703$6,318$5,955$5,613$5,292$4,221
7 years$5,687$5,305$4,948$4,615$4,303$3,288
8 years$4,926$4,548$4,197$3,871$3,570$2,609
9 years$4,334$3,960$3,615$3,298$3,007$2,099
10 years$3,861$3,490$3,151$2,842$2,562$1,707
11 years$3,475$3,107$2,774$2,474$2,203$1,399
12 years$3,152$2,789$2,462$2,170$1,909$1,154
13 years$2,880$2,520$2,200$1,916$1,665$956
14 years$2,647$2,291$1,977$1,701$1,459$796
15 years$2,445$2,093$1,785$1,517$1,285$665
16 years$2,268$1,920$1,618$1,358$1,136$557
17 years$2,113$1,768$1,472$1,220$1,007$468
18 years$1,975$1,634$1,344$1,100$895$393
19 years$1,851$1,514$1,230$994$798$332
20 years$1,740$1,407$1,129$900$713$280
21 years$1,640$1,311$1,039$817$638$236
22 years$1,549$1,224$957$743$572$200
23 years$1,466$1,144$884$676$513$169
24 years$1,390$1,072$817$617$461$143
25 years$1,320$1,006$757$563$415$121
26 years$1,256$946$702$515$374$103
27 years$1,196$890$652$471$337$87
28 years$1,141$839$606$432$304$74
29 years$1,090$791$564$396$275$63
30 years$1,042$747$525$363$248$53
31 years$998$706$490$334$224$45
32 years$956$668$457$307$203$38
33 years$917$633$427$282$184$32
34 years$880$600$399$260$166$28
35 years$846$569$373$239$151$23
36 years$813$540$349$220$136$20
37 years$782$513$326$203$124$17
38 years$753$487$306$187$112$14
39 years$726$463$286$172$102$12
40 years$700$441$268$159$92$10
41 years$675$420$252$147$84$9
42 years$652$400$236$135$76$7
43 years$630$381$222$125$69$6
44 years$608$363$208$115$63$5
45 years$588$346$195$107$57$5
46 years$569$330$183$98$52$4
47 years$550$315$172$91$47$3
48 years$533$301$162$84$43$3
49 years$516$287$152$78$39$2
50 years$500$274$143$72$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $512,000, adding $4,650 every year, while hoping to spend $40,686 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: 74/8/18 Blend
68$512,000$512,000$512,000$512,000
69$569,020$541,884$533,948$608,420
70$583,771$525,147$508,546$618,427
71$598,662$506,226$480,929$623,962
72$613,666$484,972$450,981$628,962
73$628,749$461,224$418,578$633,365
74$643,875$434,817$383,593$637,103
75$658,999$405,572$345,892$640,101
76$674,073$373,302$305,336$642,277
77$689,043$337,808$261,779$643,543
78$703,845$298,880$215,069$643,803
79$718,410$256,298$165,046$642,950
80$732,657$209,826$111,544$640,869
81$746,498$159,218$54,391$637,436
82$759,833$104,211$0$632,513
83$772,550$44,531$0$627,219
84$784,523$0$0$631,352
85$795,612$0$0$636,086
86$805,661$0$0$643,880
87$814,495$0$0$650,671
88$821,920$0$0$656,300
89$827,719$0$0$660,589
90$831,652$0$0$663,342
91$833,450$0$0$664,341
92$832,816$0$0$663,341
93$829,419$0$0$660,074
94$822,893$0$0$654,238
95$812,832$0$0$645,504
96$798,782$0$0$633,500
97$780,246$0$0$617,821
98$756,669$0$0$598,013
99$727,437$0$0$573,575
100$691,871$0$0$543,953