Can I retire at age 69 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$52,025$51,561$51,109$50,668$50,237$49,568
2 years$25,755$25,275$24,810$24,360$23,922$23,250
3 years$16,999$16,518$16,054$15,607$15,177$14,522
4 years$12,622$12,142$11,683$11,244$10,825$10,191
5 years$9,997$9,520$9,067$8,637$8,229$7,619
6 years$8,247$7,773$7,327$6,907$6,511$5,926
7 years$6,998$6,528$6,089$5,678$5,295$4,735
8 years$6,061$5,596$5,164$4,764$4,393$3,857
9 years$5,333$4,872$4,448$4,057$3,699$3,188
10 years$4,751$4,295$3,878$3,498$3,152$2,665
11 years$4,275$3,823$3,414$3,044$2,711$2,248
12 years$3,879$3,432$3,030$2,670$2,349$1,909
13 years$3,544$3,101$2,707$2,357$2,049$1,631
14 years$3,257$2,819$2,432$2,092$1,796$1,400
15 years$3,008$2,575$2,196$1,866$1,581$1,207
16 years$2,791$2,363$1,991$1,671$1,397$1,044
17 years$2,600$2,176$1,812$1,501$1,239$905
18 years$2,430$2,011$1,654$1,353$1,102$787
19 years$2,278$1,863$1,514$1,222$982$685
20 years$2,141$1,732$1,389$1,107$877$598
21 years$2,018$1,613$1,278$1,005$785$523
22 years$1,906$1,506$1,178$914$704$458
23 years$1,804$1,408$1,088$832$632$401
24 years$1,710$1,319$1,006$759$568$352
25 years$1,624$1,238$932$693$511$309
26 years$1,545$1,164$864$634$460$271
27 years$1,472$1,095$802$580$415$238
28 years$1,404$1,032$746$531$374$210
29 years$1,341$973$694$487$338$185
30 years$1,282$919$646$447$305$163
31 years$1,228$869$603$411$276$143
32 years$1,176$822$562$378$250$126
33 years$1,128$779$525$347$226$111
34 years$1,083$738$491$319$205$98
35 years$1,041$700$459$294$185$86
36 years$1,001$664$429$271$168$76
37 years$963$631$402$250$152$67
38 years$927$600$376$230$138$59
39 years$893$570$352$212$125$52
40 years$861$543$330$196$114$46
41 years$831$517$310$180$103$41
42 years$802$492$290$167$93$36
43 years$775$469$273$154$85$32
44 years$749$447$256$142$77$28
45 years$724$426$240$131$70$25
46 years$700$406$226$121$63$22
47 years$677$388$212$112$58$19
48 years$656$370$199$103$52$17
49 years$635$354$187$96$48$15
50 years$615$338$176$88$43$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $630,000, adding $3,111 every year, while hoping to spend $39,328 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: 72/16/12 Blend
68$630,000$630,000$630,000$630,000
69$697,469$664,079$654,314$745,733
70$726,766$654,774$634,389$768,789
71$757,733$643,695$612,478$788,895
72$790,500$630,714$588,474$809,854
73$825,206$615,694$562,263$831,739
74$862,006$598,492$533,727$854,634
75$901,066$578,954$502,743$878,632
76$942,572$556,920$469,182$903,835
77$986,724$532,218$432,909$930,358
78$1,033,741$504,669$393,783$958,327
79$1,083,865$474,080$351,657$987,883
80$1,137,360$440,250$306,378$1,019,182
81$1,194,513$402,964$257,784$1,052,399
82$1,255,642$361,998$205,708$1,087,725
83$1,321,093$317,112$149,975$1,125,374
84$1,391,248$268,054$90,403$1,165,584
85$1,466,524$214,557$26,800$1,208,617
86$1,547,379$156,340$0$1,254,766
87$1,634,317$93,106$0$1,309,614
88$1,727,888$24,539$0$1,372,263
89$1,828,701$0$0$1,439,704
90$1,937,420$0$0$1,521,155
91$2,054,778$0$0$1,613,765
92$2,181,578$0$0$1,713,851
93$2,318,704$0$0$1,822,113
94$2,467,127$0$0$1,939,322
95$2,627,914$0$0$2,066,324
96$2,802,240$0$0$2,204,050
97$2,991,394$0$0$2,353,523
98$3,196,797$0$0$2,515,869
99$3,420,010$0$0$2,692,326
100$3,662,751$0$0$2,884,257