Can I retire at age 69 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$53,346$52,871$52,407$51,955$51,513$51,188
2 years$26,409$25,917$25,440$24,978$24,530$24,203
3 years$17,431$16,937$16,462$16,004$15,563$15,243
4 years$12,943$12,451$11,980$11,530$11,100$10,789
5 years$10,251$9,761$9,297$8,856$8,438$8,138
6 years$8,457$7,971$7,513$7,082$6,676$6,388
7 years$7,176$6,694$6,244$5,823$5,430$5,152
8 years$6,215$5,738$5,295$4,885$4,504$4,238
9 years$5,469$4,996$4,561$4,161$3,793$3,538
10 years$4,872$4,404$3,976$3,586$3,232$2,988
11 years$4,384$3,920$3,500$3,121$2,780$2,547
12 years$3,977$3,519$3,107$2,738$2,409$2,186
13 years$3,634$3,180$2,775$2,417$2,101$1,889
14 years$3,340$2,890$2,494$2,146$1,841$1,640
15 years$3,085$2,640$2,252$1,913$1,621$1,429
16 years$2,862$2,423$2,041$1,713$1,433$1,251
17 years$2,666$2,231$1,858$1,539$1,271$1,098
18 years$2,491$2,062$1,696$1,387$1,130$966
19 years$2,336$1,911$1,552$1,254$1,007$852
20 years$2,196$1,775$1,425$1,135$899$753
21 years$2,069$1,654$1,310$1,030$805$666
22 years$1,954$1,544$1,208$937$721$591
23 years$1,849$1,444$1,115$853$648$524
24 years$1,754$1,353$1,031$778$582$466
25 years$1,665$1,270$955$711$524$415
26 years$1,584$1,193$886$650$472$369
27 years$1,509$1,123$823$595$425$329
28 years$1,440$1,058$765$545$384$293
29 years$1,375$998$712$500$347$262
30 years$1,315$943$663$459$313$234
31 years$1,259$891$618$421$283$209
32 years$1,206$843$577$387$256$186
33 years$1,157$799$538$356$232$167
34 years$1,111$757$503$328$210$149
35 years$1,067$718$470$302$190$133
36 years$1,026$681$440$278$172$119
37 years$987$647$412$256$156$107
38 years$951$615$386$236$142$96
39 years$916$585$361$217$128$86
40 years$883$556$339$201$116$77
41 years$852$530$318$185$106$69
42 years$822$504$298$171$96$61
43 years$794$481$279$158$87$55
44 years$768$458$262$146$79$49
45 years$742$437$246$134$72$44
46 years$718$417$231$124$65$40
47 years$694$398$217$115$59$36
48 years$672$380$204$106$54$32
49 years$651$363$192$98$49$29
50 years$631$346$181$91$44$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $646,000, adding $2,072 every year, while hoping to spend $28,409 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: 31/41/28 Blend
68$646,000$646,000$646,000$646,000
69$714,029$679,791$669,778$729,988
70$756,633$682,874$661,989$745,591
71$802,631$685,156$652,986$759,739
72$852,338$686,567$642,700$774,411
73$906,102$687,035$631,056$789,671
74$964,305$686,480$617,977$805,595
75$1,027,367$684,820$603,382$822,267
76$1,095,749$681,967$587,187$839,782
77$1,169,960$677,828$569,301$858,247
78$1,250,557$672,302$549,634$877,785
79$1,338,154$665,286$528,088$898,532
80$1,433,428$656,667$504,560$920,641
81$1,537,121$646,327$478,947$944,285
82$1,650,052$634,142$451,136$969,658
83$1,773,120$619,978$421,012$996,976
84$1,907,317$603,695$388,454$1,026,482
85$2,053,731$585,144$353,335$1,058,449
86$2,213,563$564,168$315,524$1,093,180
87$2,388,135$540,600$274,882$1,131,015
88$2,578,900$514,264$231,265$1,172,334
89$2,787,458$484,974$184,524$1,217,560
90$3,015,573$452,532$134,500$1,267,165
91$3,265,186$416,730$81,029$1,321,674
92$3,538,433$377,348$23,942$1,381,674
93$3,837,667$334,152$0$1,447,817
94$4,165,480$286,896$0$1,531,876
95$4,524,725$235,321$0$1,631,962
96$4,918,546$179,150$0$1,741,869
97$5,350,404$118,095$0$1,862,655
98$5,824,112$51,849$0$1,995,488
99$6,343,870$0$0$2,141,666
100$6,914,301$0$0$2,311,604