Can I retire at age 69 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$47,070$46,651$46,242$45,842$45,453$44,755
2 years$23,302$22,868$22,447$22,040$21,644$20,943
3 years$15,380$14,945$14,525$14,121$13,732$13,049
4 years$11,420$10,986$10,570$10,173$9,794$9,134
5 years$9,045$8,613$8,203$7,814$7,445$6,811
6 years$7,462$7,033$6,629$6,249$5,891$5,283
7 years$6,331$5,906$5,509$5,138$4,791$4,210
8 years$5,484$5,063$4,672$4,310$3,975$3,419
9 years$4,825$4,408$4,024$3,671$3,347$2,818
10 years$4,299$3,886$3,508$3,164$2,852$2,348
11 years$3,868$3,459$3,089$2,754$2,453$1,974
12 years$3,510$3,105$2,741$2,416$2,126$1,672
13 years$3,206$2,806$2,449$2,133$1,853$1,423
14 years$2,947$2,550$2,200$1,893$1,625$1,218
15 years$2,722$2,330$1,987$1,688$1,431$1,046
16 years$2,525$2,138$1,801$1,512$1,264$902
17 years$2,352$1,969$1,639$1,358$1,121$779
18 years$2,198$1,819$1,496$1,224$997$675
19 years$2,061$1,686$1,370$1,106$888$586
20 years$1,937$1,567$1,257$1,002$794$509
21 years$1,826$1,459$1,156$909$710$444
22 years$1,724$1,362$1,066$827$637$387
23 years$1,632$1,274$984$753$571$338
24 years$1,547$1,194$910$687$514$295
25 years$1,470$1,120$843$627$462$258
26 years$1,398$1,053$782$573$416$226
27 years$1,332$991$726$525$375$198
28 years$1,270$934$675$481$339$173
29 years$1,213$881$628$441$306$152
30 years$1,160$832$585$405$276$133
31 years$1,111$786$545$372$250$117
32 years$1,064$744$509$342$226$102
33 years$1,021$705$475$314$205$90
34 years$980$668$444$289$185$79
35 years$942$633$415$266$168$69
36 years$905$601$388$245$152$61
37 years$871$571$363$226$138$53
38 years$839$543$340$208$125$47
39 years$808$516$319$192$113$41
40 years$779$491$299$177$103$36
41 years$752$467$280$163$93$32
42 years$726$445$263$151$85$28
43 years$701$424$247$139$77$25
44 years$677$404$231$128$70$22
45 years$655$385$217$119$63$19
46 years$633$368$204$110$57$17
47 years$613$351$192$101$52$15
48 years$593$335$180$94$47$13
49 years$574$320$169$86$43$11
50 years$557$306$159$80$39$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $570,000, adding $5,957 every year, while hoping to spend $52,716 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: 77/5/18 Blend
68$570,000$570,000$570,000$570,000
69$634,285$604,075$595,240$680,097
70$642,892$577,585$559,091$684,703
71$650,611$548,030$519,964$682,577
72$657,295$515,205$477,704$678,824
73$662,780$478,892$432,149$673,263
74$666,886$438,860$383,128$665,697
75$669,411$394,866$330,465$655,908
76$670,129$346,653$273,974$643,660
77$668,793$293,950$213,463$628,691
78$665,126$236,469$148,730$610,712
79$658,820$173,907$79,564$589,410
80$649,535$105,944$5,745$564,438
81$636,894$32,242$0$535,414
82$620,478$0$0$515,949
83$599,825$0$0$496,261
84$574,420$0$0$474,304
85$543,697$0$0$447,821
86$507,027$0$0$416,279
87$463,714$0$0$379,087
88$412,991$0$0$335,592
89$354,005$0$0$285,073
90$285,818$0$0$226,731
91$207,391$0$0$159,685
92$117,575$0$0$82,960
93$15,102$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0