Can I retire at age 69 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$53,924$53,444$52,975$52,518$52,071$50,224
2 years$26,695$26,198$25,716$25,249$24,796$22,954
3 years$17,620$17,121$16,640$16,177$15,731$13,954
4 years$13,083$12,585$12,110$11,655$11,220$9,519
5 years$10,362$9,867$9,398$8,952$8,529$6,910
6 years$8,548$8,057$7,595$7,159$6,749$5,213
7 years$7,253$6,766$6,311$5,886$5,489$4,035
8 years$6,283$5,800$5,352$4,937$4,553$3,182
9 years$5,528$5,050$4,610$4,206$3,835$2,543
10 years$4,925$4,451$4,019$3,625$3,267$2,053
11 years$4,431$3,963$3,538$3,155$2,810$1,670
12 years$4,021$3,557$3,140$2,767$2,435$1,368
13 years$3,673$3,214$2,806$2,443$2,123$1,126
14 years$3,376$2,922$2,521$2,169$1,861$930
15 years$3,118$2,669$2,276$1,934$1,639$771
16 years$2,893$2,449$2,063$1,732$1,448$640
17 years$2,695$2,255$1,878$1,556$1,284$533
18 years$2,518$2,084$1,714$1,402$1,142$445
19 years$2,361$1,931$1,569$1,267$1,018$372
20 years$2,219$1,795$1,440$1,148$909$311
21 years$2,091$1,672$1,325$1,042$814$260
22 years$1,975$1,560$1,221$947$729$218
23 years$1,869$1,459$1,127$862$655$183
24 years$1,773$1,367$1,042$787$588$154
25 years$1,684$1,283$966$718$529$129
26 years$1,602$1,206$896$657$477$108
27 years$1,526$1,135$832$601$430$91
28 years$1,455$1,070$773$551$388$77
29 years$1,390$1,009$719$505$350$64
30 years$1,329$953$670$464$317$54
31 years$1,272$901$625$426$286$45
32 years$1,219$852$583$391$259$38
33 years$1,169$807$544$360$234$32
34 years$1,123$765$508$331$212$27
35 years$1,079$726$475$305$192$23
36 years$1,037$689$445$281$174$19
37 years$998$654$416$259$158$16
38 years$961$622$390$238$143$14
39 years$926$591$365$220$130$11
40 years$893$562$342$203$118$10
41 years$861$535$321$187$107$8
42 years$831$510$301$173$97$7
43 years$803$486$283$159$88$6
44 years$776$463$265$147$80$5
45 years$750$442$249$136$72$4
46 years$725$421$234$126$66$3
47 years$702$402$220$116$60$3
48 years$680$384$206$107$54$2
49 years$658$366$194$99$49$2
50 years$638$350$182$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $653,000, adding $3,855 every year, while hoping to spend $53,218 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: 44/49/7 Blend
68$653,000$653,000$653,000$653,000
69$723,582$688,973$678,852$753,818
70$740,764$666,110$644,970$752,263
71$757,915$640,342$608,169$744,799
72$774,975$611,472$568,296$735,478
73$791,878$579,289$525,189$724,148
74$808,547$543,572$478,681$710,646
75$824,898$504,085$428,595$694,798
76$840,833$460,581$374,748$676,416
77$856,245$412,796$316,949$655,299
78$871,013$360,455$254,998$631,231
79$885,001$303,262$188,686$603,982
80$898,059$240,909$117,794$573,302
81$910,016$173,068$42,095$538,926
82$920,683$99,395$0$500,567
83$929,851$19,524$0$460,808
84$937,285$0$0$419,971
85$942,724$0$0$410,662
86$945,877$0$0$410,728
87$946,422$0$0$409,483
88$944,001$0$0$406,753
89$938,216$0$0$402,342
90$928,625$0$0$396,035
91$914,739$0$0$387,594
92$896,016$0$0$376,753
93$871,855$0$0$363,220
94$841,589$0$0$346,670
95$804,481$0$0$326,743
96$759,716$0$0$303,042
97$706,389$0$0$275,127
98$643,502$0$0$242,512
99$569,951$0$0$204,659
100$484,512$0$0$160,973