Can I retire at age 69 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$47,566$47,142$46,728$46,325$45,931$44,857
2 years$23,547$23,109$22,684$22,272$21,872$20,796
3 years$15,542$15,102$14,678$14,270$13,876$12,832
4 years$11,541$11,101$10,682$10,280$9,897$8,892
5 years$9,140$8,704$8,289$7,896$7,523$6,561
6 years$7,540$7,107$6,699$6,315$5,953$5,035
7 years$6,398$5,969$5,567$5,192$4,841$3,967
8 years$5,542$5,116$4,721$4,355$4,016$3,185
9 years$4,876$4,455$4,066$3,710$3,382$2,594
10 years$4,344$3,926$3,545$3,198$2,882$2,135
11 years$3,909$3,496$3,121$2,783$2,479$1,772
12 years$3,546$3,137$2,770$2,441$2,148$1,481
13 years$3,240$2,835$2,475$2,155$1,873$1,245
14 years$2,978$2,577$2,224$1,913$1,642$1,051
15 years$2,750$2,354$2,008$1,706$1,446$890
16 years$2,552$2,160$1,820$1,528$1,278$756
17 years$2,377$1,989$1,656$1,373$1,133$644
18 years$2,221$1,838$1,512$1,237$1,007$550
19 years$2,083$1,704$1,384$1,118$898$470
20 years$1,958$1,583$1,270$1,012$802$403
21 years$1,845$1,475$1,168$919$718$346
22 years$1,742$1,376$1,077$835$643$297
23 years$1,649$1,287$994$761$577$255
24 years$1,564$1,206$920$694$519$219
25 years$1,485$1,132$852$634$467$189
26 years$1,413$1,064$790$579$421$163
27 years$1,346$1,001$734$530$379$140
28 years$1,284$943$682$486$342$121
29 years$1,226$890$635$446$309$104
30 years$1,172$841$591$409$279$90
31 years$1,122$795$551$376$252$77
32 years$1,075$752$514$345$228$67
33 years$1,032$712$480$317$207$58
34 years$990$675$449$292$187$50
35 years$951$640$419$269$169$43
36 years$915$608$392$248$154$37
37 years$880$577$367$228$139$32
38 years$848$548$344$210$126$28
39 years$817$521$322$194$114$24
40 years$787$496$302$179$104$21
41 years$760$472$283$165$94$18
42 years$733$450$266$152$85$15
43 years$708$429$249$141$78$13
44 years$684$408$234$130$70$12
45 years$662$390$220$120$64$10
46 years$640$372$206$111$58$9
47 years$619$355$194$102$53$7
48 years$599$339$182$95$48$6
49 years$580$323$171$87$43$6
50 years$562$309$161$81$39$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $576,000, adding $4,447 every year, while hoping to spend $27,352 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: 57/19/24 Blend
68$576,000$576,000$576,000$576,000
69$639,339$608,811$599,883$671,385
70$675,449$609,541$590,877$694,522
71$714,326$609,389$580,652$716,445
72$756,223$608,284$569,139$739,758
73$801,417$606,150$556,266$764,601
74$850,216$602,906$541,954$791,133
75$902,954$598,464$526,126$819,527
76$960,001$592,734$508,697$849,976
77$1,021,762$585,620$489,579$882,694
78$1,088,684$577,017$468,683$917,919
79$1,161,258$566,819$445,911$955,913
80$1,240,022$554,908$421,165$996,967
81$1,325,569$541,164$394,339$1,041,405
82$1,418,554$525,458$365,326$1,089,582
83$1,519,692$507,651$334,010$1,141,895
84$1,629,775$487,600$300,273$1,198,782
85$1,749,671$465,151$263,991$1,260,726
86$1,880,336$440,143$225,034$1,328,265
87$2,022,824$412,403$183,267$1,401,992
88$2,178,292$381,751$138,546$1,482,564
89$2,348,016$347,996$90,726$1,570,706
90$2,533,400$310,933$39,651$1,667,222
91$2,735,988$270,350$0$1,773,000
92$2,957,481$226,020$0$1,892,825
93$3,199,753$177,704$0$2,035,063
94$3,464,866$125,150$0$2,190,794
95$3,755,091$68,090$0$2,361,391
96$4,072,929$6,245$0$2,548,367
97$4,421,132$0$0$2,753,394
98$4,802,735$0$0$2,991,000
99$5,221,076$0$0$3,252,965
100$5,679,834$0$0$3,540,291