Can I retire at age 69 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$47,153$46,733$46,323$45,923$45,532$45,302
2 years$23,343$22,908$22,487$22,078$21,682$21,450
3 years$15,407$14,971$14,550$14,146$13,756$13,529
4 years$11,440$11,005$10,589$10,191$9,811$9,591
5 years$9,061$8,628$8,218$7,828$7,458$7,245
6 years$7,475$7,046$6,641$6,260$5,901$5,696
7 years$6,343$5,917$5,519$5,147$4,799$4,602
8 years$5,494$5,072$4,680$4,317$3,982$3,792
9 years$4,834$4,416$4,031$3,677$3,353$3,172
10 years$4,306$3,892$3,514$3,170$2,857$2,683
11 years$3,875$3,465$3,094$2,759$2,457$2,291
12 years$3,516$3,110$2,746$2,420$2,129$1,971
13 years$3,212$2,811$2,453$2,136$1,857$1,705
14 years$2,952$2,555$2,204$1,896$1,628$1,483
15 years$2,727$2,334$1,990$1,691$1,433$1,296
16 years$2,530$2,141$1,804$1,514$1,267$1,136
17 years$2,356$1,972$1,642$1,361$1,123$999
18 years$2,202$1,822$1,499$1,226$999$881
19 years$2,064$1,689$1,372$1,108$890$779
20 years$1,941$1,569$1,259$1,004$795$690
21 years$1,829$1,462$1,158$911$711$612
22 years$1,727$1,365$1,068$828$638$544
23 years$1,635$1,276$986$754$572$484
24 years$1,550$1,196$912$688$515$431
25 years$1,472$1,122$844$628$463$384
26 years$1,400$1,055$783$574$417$343
27 years$1,334$993$727$526$376$306
28 years$1,273$935$676$482$339$274
29 years$1,216$882$629$442$306$245
30 years$1,162$833$586$405$277$219
31 years$1,113$788$546$372$250$196
32 years$1,066$745$510$342$226$176
33 years$1,023$706$476$315$205$157
34 years$982$669$445$290$185$141
35 years$943$635$416$267$168$127
36 years$907$602$389$245$152$114
37 years$873$572$364$226$138$102
38 years$840$544$341$208$125$91
39 years$810$517$319$192$113$82
40 years$781$492$299$177$103$74
41 years$753$468$281$164$93$66
42 years$727$446$263$151$85$59
43 years$702$425$247$139$77$53
44 years$678$405$232$129$70$48
45 years$656$386$218$119$63$43
46 years$634$368$205$110$58$39
47 years$614$352$192$101$52$35
48 years$594$336$181$94$47$31
49 years$575$320$170$87$43$28
50 years$557$306$160$80$39$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $571,000, adding $2,487 every year, while hoping to spend $57,282 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: 69/6/25 Blend
68$571,000$571,000$571,000$571,000
69$631,807$601,544$592,694$671,203
70$635,304$570,072$551,601$666,452
71$637,238$535,139$507,213$654,411
72$637,388$496,513$459,357$639,892
73$635,511$453,951$407,854$622,646
74$631,336$407,197$352,520$602,403
75$624,561$355,979$293,159$578,868
76$614,854$300,009$229,567$551,717
77$601,843$238,984$161,532$520,593
78$585,121$172,584$88,832$485,110
79$564,232$100,469$11,237$444,840
80$538,674$22,283$0$399,316
81$507,892$0$0$367,120
82$471,269$0$0$337,155
83$428,126$0$0$303,682
84$377,708$0$0$264,657
85$319,185$0$0$219,447
86$251,635$0$0$167,350
87$174,041$0$0$107,594
88$85,280$0$0$39,323
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$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