Can I retire at age 69 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$50,704$50,252$49,811$49,381$48,961$48,032
2 years$25,101$24,633$24,180$23,741$23,315$22,382
3 years$16,568$16,098$15,646$15,211$14,792$13,885
4 years$12,302$11,834$11,386$10,959$10,550$9,675
5 years$9,743$9,278$8,836$8,417$8,020$7,180
6 years$8,038$7,576$7,141$6,731$6,346$5,543
7 years$6,820$6,362$5,934$5,534$5,161$4,394
8 years$5,907$5,454$5,033$4,643$4,281$3,551
9 years$5,198$4,748$4,335$3,954$3,606$2,911
10 years$4,631$4,186$3,779$3,409$3,072$2,412
11 years$4,167$3,726$3,327$2,967$2,642$2,017
12 years$3,780$3,344$2,953$2,602$2,290$1,697
13 years$3,454$3,022$2,638$2,297$1,997$1,437
14 years$3,174$2,747$2,370$2,039$1,750$1,222
15 years$2,932$2,510$2,140$1,819$1,541$1,043
16 years$2,720$2,303$1,940$1,628$1,362$893
17 years$2,534$2,121$1,766$1,463$1,208$767
18 years$2,368$1,959$1,612$1,319$1,074$660
19 years$2,220$1,816$1,475$1,191$957$569
20 years$2,087$1,688$1,354$1,079$855$492
21 years$1,967$1,572$1,246$979$765$425
22 years$1,857$1,467$1,148$890$686$368
23 years$1,758$1,372$1,060$811$616$319
24 years$1,667$1,286$980$740$553$277
25 years$1,583$1,207$908$675$498$240
26 years$1,506$1,134$842$618$448$209
27 years$1,435$1,067$782$565$404$182
28 years$1,368$1,006$727$518$365$158
29 years$1,307$949$676$475$329$137
30 years$1,250$896$630$436$298$120
31 years$1,196$847$587$400$269$104
32 years$1,146$801$548$368$243$91
33 years$1,100$759$512$338$220$79
34 years$1,056$719$478$311$199$69
35 years$1,014$682$447$287$181$60
36 years$975$648$418$264$164$52
37 years$938$615$391$243$148$46
38 years$904$585$367$224$134$40
39 years$871$556$343$207$122$35
40 years$839$529$322$191$111$30
41 years$810$503$302$176$100$26
42 years$782$479$283$162$91$23
43 years$755$457$266$150$83$20
44 years$730$435$249$138$75$17
45 years$705$415$234$128$68$15
46 years$682$396$220$118$62$13
47 years$660$378$207$109$56$12
48 years$639$361$194$101$51$10
49 years$619$345$182$93$46$9
50 years$599$329$172$86$42$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $614,000, adding $3,909 every year, while hoping to spend $39,090 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: 38/40/22 Blend
68$614,000$614,000$614,000$614,000
69$680,660$648,118$638,601$701,917
70$708,496$638,284$618,403$707,854
71$737,861$626,659$596,218$710,315
72$768,870$613,112$571,938$712,184
73$801,648$597,508$545,451$713,432
74$836,331$579,701$516,639$714,027
75$873,069$559,538$485,378$713,941
76$912,024$536,857$451,540$713,144
77$953,374$511,488$414,991$711,608
78$997,314$483,247$375,589$709,307
79$1,044,058$451,943$333,189$706,216
80$1,093,837$417,373$287,636$702,313
81$1,146,907$379,323$238,770$697,577
82$1,203,547$337,566$186,425$691,994
83$1,264,064$291,862$130,425$685,551
84$1,328,793$241,957$70,589$678,241
85$1,398,102$187,585$6,725$670,062
86$1,472,394$128,462$0$661,020
87$1,552,112$64,291$0$665,548
88$1,637,741$0$0$671,871
89$1,729,815$0$0$680,799
90$1,828,919$0$0$720,927
91$1,935,695$0$0$764,224
92$2,050,850$0$0$810,986
93$2,175,158$0$0$861,535
94$2,309,473$0$0$916,226
95$2,454,729$0$0$975,451
96$2,611,957$0$0$1,039,638
97$2,782,288$0$0$1,109,260
98$2,966,965$0$0$1,184,836
99$3,167,358$0$0$1,266,938
100$3,384,970$0$0$1,356,193