Can I retire at age 69 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$52,190$51,725$51,272$50,829$50,397$50,163
2 years$25,837$25,355$24,889$24,437$23,998$23,763
3 years$17,053$16,570$16,105$15,657$15,226$14,995
4 years$12,663$12,181$11,720$11,280$10,859$10,635
5 years$10,029$9,550$9,095$8,664$8,255$8,039
6 years$8,273$7,798$7,350$6,929$6,532$6,323
7 years$7,020$6,549$6,108$5,697$5,312$5,112
8 years$6,081$5,614$5,180$4,779$4,407$4,214
9 years$5,350$4,888$4,462$4,070$3,711$3,527
10 years$4,766$4,308$3,890$3,509$3,162$2,985
11 years$4,289$3,835$3,425$3,054$2,720$2,551
12 years$3,891$3,442$3,039$2,678$2,357$2,195
13 years$3,555$3,111$2,715$2,365$2,055$1,901
14 years$3,267$2,828$2,440$2,099$1,801$1,655
15 years$3,018$2,583$2,203$1,872$1,586$1,446
16 years$2,800$2,370$1,997$1,676$1,402$1,269
17 years$2,608$2,183$1,817$1,506$1,243$1,117
18 years$2,437$2,017$1,659$1,357$1,105$985
19 years$2,285$1,869$1,519$1,226$985$872
20 years$2,148$1,737$1,394$1,111$880$772
21 years$2,024$1,618$1,282$1,008$787$686
22 years$1,912$1,510$1,182$917$706$610
23 years$1,809$1,413$1,091$835$634$543
24 years$1,716$1,323$1,009$761$569$484
25 years$1,629$1,242$935$695$512$432
26 years$1,550$1,167$867$636$462$386
27 years$1,477$1,099$805$582$416$345
28 years$1,409$1,035$748$533$376$308
29 years$1,345$977$696$489$339$276
30 years$1,286$922$649$449$306$247
31 years$1,231$872$605$412$277$222
32 years$1,180$825$564$379$251$199
33 years$1,132$781$527$348$227$178
34 years$1,087$740$492$320$205$160
35 years$1,044$702$460$295$186$143
36 years$1,004$667$430$272$168$129
37 years$966$633$403$250$153$116
38 years$930$602$377$231$138$104
39 years$896$572$353$213$126$93
40 years$864$544$331$196$114$84
41 years$834$518$311$181$103$75
42 years$805$493$291$167$94$68
43 years$777$470$273$154$85$61
44 years$751$448$257$142$77$55
45 years$726$427$241$132$70$49
46 years$702$408$226$121$64$44
47 years$679$389$213$112$58$40
48 years$658$371$200$104$52$36
49 years$637$355$188$96$48$32
50 years$617$339$177$89$43$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $632,000, adding $6,830 every year, while hoping to spend $48,172 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: 36/40/24 Blend
68$632,000$632,000$632,000$632,000
69$703,509$670,013$660,217$723,540
70$724,012$651,589$631,080$720,469
71$744,993$630,648$599,352$712,239
72$766,447$607,015$564,896$702,395
73$788,373$580,506$527,567$690,822
74$810,762$550,927$487,216$677,398
75$833,608$518,070$443,686$661,995
76$856,898$481,718$396,812$644,476
77$880,620$441,640$346,423$624,697
78$904,755$397,593$292,340$602,504
79$929,283$349,317$234,376$577,734
80$954,178$296,542$172,336$550,215
81$979,411$238,979$106,016$519,764
82$1,004,946$176,325$35,203$486,186
83$1,030,744$108,258$0$449,277
84$1,056,757$34,440$0$419,155
85$1,082,931$0$0$395,543
86$1,109,204$0$0$389,256
87$1,135,505$0$0$398,090
88$1,161,753$0$0$406,853
89$1,187,856$0$0$415,506
90$1,213,712$0$0$424,008
91$1,239,203$0$0$432,310
92$1,264,198$0$0$440,357
93$1,288,548$0$0$448,090
94$1,312,086$0$0$455,441
95$1,334,627$0$0$462,333
96$1,355,961$0$0$468,682
97$1,375,855$0$0$474,393
98$1,394,049$0$0$479,360
99$1,410,250$0$0$483,466
100$1,424,136$0$0$486,581