Can I retire at age 69 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$47,731$47,306$46,891$46,486$46,091$44,976
2 years$23,629$23,189$22,762$22,349$21,948$20,832
3 years$15,596$15,154$14,729$14,319$13,925$12,842
4 years$11,581$11,140$10,719$10,316$9,931$8,890
5 years$9,172$8,734$8,318$7,924$7,550$6,553
6 years$7,567$7,132$6,722$6,337$5,974$5,023
7 years$6,420$5,989$5,586$5,210$4,858$3,953
8 years$5,561$5,134$4,738$4,370$4,030$3,170
9 years$4,893$4,470$4,081$3,723$3,394$2,578
10 years$4,359$3,940$3,558$3,209$2,892$2,120
11 years$3,922$3,508$3,132$2,793$2,487$1,758
12 years$3,559$3,148$2,780$2,450$2,155$1,467
13 years$3,251$2,845$2,483$2,163$1,880$1,231
14 years$2,988$2,586$2,231$1,920$1,648$1,038
15 years$2,760$2,362$2,015$1,712$1,451$878
16 years$2,561$2,168$1,826$1,533$1,282$745
17 years$2,385$1,996$1,662$1,377$1,137$634
18 years$2,229$1,845$1,517$1,241$1,011$540
19 years$2,090$1,710$1,389$1,122$901$461
20 years$1,964$1,589$1,275$1,016$805$394
21 years$1,851$1,480$1,172$922$720$338
22 years$1,748$1,381$1,081$838$646$290
23 years$1,655$1,292$998$763$579$248
24 years$1,569$1,210$923$696$521$213
25 years$1,490$1,136$855$636$469$183
26 years$1,418$1,068$793$581$422$158
27 years$1,350$1,005$736$532$381$136
28 years$1,288$947$684$488$343$117
29 years$1,230$893$637$447$310$100
30 years$1,177$843$593$410$280$87
31 years$1,126$797$553$377$253$75
32 years$1,079$754$516$346$229$64
33 years$1,035$714$482$319$207$55
34 years$994$677$450$293$188$48
35 years$955$642$421$270$170$41
36 years$918$610$394$248$154$35
37 years$883$579$368$229$140$31
38 years$851$550$345$211$127$26
39 years$820$523$323$195$115$23
40 years$790$498$303$179$104$20
41 years$762$474$284$166$94$17
42 years$736$451$266$153$86$15
43 years$711$430$250$141$78$13
44 years$687$410$235$130$71$11
45 years$664$391$220$120$64$9
46 years$642$373$207$111$58$8
47 years$621$356$194$103$53$7
48 years$601$340$183$95$48$6
49 years$583$324$172$88$44$5
50 years$564$310$162$81$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $578,000, adding $6,548 every year, while hoping to spend $50,436 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: 64/9/27 Blend
68$578,000$578,000$578,000$578,000
69$643,710$613,076$604,117$679,921
70$655,705$589,453$570,692$681,580
71$667,233$562,983$534,456$677,233
72$678,193$533,471$495,263$671,377
73$688,473$500,715$452,958$663,872
74$697,946$464,499$407,381$654,561
75$706,471$424,594$358,363$643,279
76$713,892$380,761$305,729$629,843
77$720,034$332,743$249,296$614,054
78$724,703$280,272$188,872$595,697
79$727,680$223,063$124,257$574,537
80$728,727$160,817$55,243$550,316
81$727,576$93,215$0$522,757
82$723,930$19,924$0$496,858
83$717,459$0$0$484,313
84$707,798$0$0$474,781
85$694,542$0$0$464,663
86$677,243$0$0$451,668
87$655,402$0$0$435,446
88$628,470$0$0$415,607
89$595,836$0$0$391,721
90$556,827$0$0$363,310
91$510,695$0$0$329,848
92$456,616$0$0$290,752
93$393,677$0$0$245,376
94$320,868$0$0$193,009
95$237,073$0$0$132,862
96$141,062$0$0$64,065
97$31,471$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0