Can I retire at age 69 with 575,000?

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 $575,000?

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 years$47,483$47,060$46,647$46,245$45,851$44,725
2 years$23,506$23,069$22,644$22,233$21,834$20,706
3 years$15,515$15,076$14,652$14,245$13,852$12,758
4 years$11,520$11,082$10,663$10,263$9,880$8,828
5 years$9,124$8,689$8,275$7,883$7,510$6,503
6 years$7,527$7,095$6,687$6,304$5,943$4,982
7 years$6,387$5,958$5,557$5,183$4,833$3,918
8 years$5,532$5,107$4,713$4,348$4,009$3,141
9 years$4,868$4,447$4,059$3,703$3,377$2,553
10 years$4,336$3,920$3,539$3,192$2,877$2,098
11 years$3,902$3,489$3,116$2,778$2,474$1,738
12 years$3,540$3,132$2,765$2,437$2,144$1,450
13 years$3,234$2,830$2,470$2,151$1,870$1,216
14 years$2,973$2,573$2,220$1,910$1,639$1,024
15 years$2,746$2,350$2,004$1,703$1,443$866
16 years$2,547$2,156$1,817$1,525$1,275$734
17 years$2,373$1,986$1,653$1,370$1,131$624
18 years$2,218$1,835$1,509$1,235$1,006$532
19 years$2,079$1,701$1,382$1,116$896$454
20 years$1,954$1,580$1,268$1,011$801$388
21 years$1,842$1,472$1,166$917$716$332
22 years$1,739$1,374$1,075$834$642$284
23 years$1,646$1,285$993$759$576$244
24 years$1,561$1,204$918$693$518$209
25 years$1,482$1,130$850$633$466$179
26 years$1,410$1,062$789$578$420$154
27 years$1,343$999$732$529$379$133
28 years$1,282$942$681$485$342$114
29 years$1,224$888$633$445$308$98
30 years$1,170$839$590$408$279$84
31 years$1,120$793$550$375$252$73
32 years$1,074$751$513$345$228$62
33 years$1,030$711$479$317$206$54
34 years$989$674$448$292$187$46
35 years$950$639$419$268$169$40
36 years$913$606$392$247$153$34
37 years$879$576$367$228$139$30
38 years$846$547$343$210$126$26
39 years$815$521$322$194$114$22
40 years$786$495$301$179$104$19
41 years$758$471$283$165$94$16
42 years$732$449$265$152$85$14
43 years$707$428$249$140$77$12
44 years$683$408$234$130$70$10
45 years$660$389$219$120$64$9
46 years$639$371$206$111$58$8
47 years$618$354$193$102$53$7
48 years$598$338$182$94$48$6
49 years$579$323$171$87$43$5
50 years$561$308$161$81$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $575,000, adding $3,695 every year, while hoping to spend $38,570 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: 45/46/9 Blend
68$575,000$575,000$575,000$575,000
69$637,461$606,986$598,074$664,370
70$661,444$595,691$577,071$672,063
71$686,581$582,548$554,072$676,140
72$712,948$567,429$528,969$679,680
73$740,629$550,193$501,650$682,647
74$769,714$530,694$471,997$685,005
75$800,303$508,776$439,887$686,716
76$832,503$484,275$405,192$687,741
77$866,429$457,016$367,777$688,043
78$902,210$426,815$327,503$687,582
79$939,984$393,478$284,223$686,320
80$979,902$356,798$237,784$684,219
81$1,022,129$316,558$188,026$681,240
82$1,066,845$272,528$134,784$677,345
83$1,114,246$224,464$77,882$672,501
84$1,164,548$172,112$17,140$666,671
85$1,217,985$115,198$0$659,825
86$1,274,814$53,437$0$656,512
87$1,335,316$0$0$654,183
88$1,399,799$0$0$658,007
89$1,468,600$0$0$690,987
90$1,542,089$0$0$726,255
91$1,620,670$0$0$764,011
92$1,704,787$0$0$804,475
93$1,794,926$0$0$847,886
94$1,891,621$0$0$894,507
95$1,995,458$0$0$944,628
96$2,107,079$0$0$998,566
97$2,227,191$0$0$1,056,670
98$2,356,567$0$0$1,119,322
99$2,496,059$0$0$1,186,943
100$2,646,601$0$0$1,259,995