Can I retire at age 69 with 654,000?

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 $654,000?

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 years$54,007$53,526$53,056$52,598$52,151$51,931
2 years$26,736$26,238$25,755$25,288$24,834$24,612
3 years$17,647$17,147$16,666$16,202$15,756$15,538
4 years$13,103$12,605$12,128$11,673$11,237$11,026
5 years$10,378$9,882$9,412$8,966$8,542$8,339
6 years$8,561$8,070$7,606$7,170$6,759$6,563
7 years$7,265$6,777$6,321$5,895$5,497$5,308
8 years$6,292$5,809$5,361$4,945$4,560$4,379
9 years$5,537$5,058$4,617$4,212$3,840$3,666
10 years$4,932$4,458$4,025$3,631$3,272$3,106
11 years$4,438$3,969$3,544$3,160$2,814$2,655
12 years$4,027$3,562$3,145$2,772$2,439$2,286
13 years$3,679$3,219$2,810$2,447$2,127$1,981
14 years$3,381$2,926$2,525$2,172$1,864$1,726
15 years$3,123$2,673$2,279$1,937$1,641$1,509
16 years$2,897$2,453$2,067$1,735$1,451$1,325
17 years$2,699$2,259$1,881$1,558$1,286$1,167
18 years$2,522$2,087$1,717$1,404$1,144$1,030
19 years$2,365$1,934$1,572$1,269$1,019$912
20 years$2,223$1,797$1,442$1,149$911$809
21 years$2,095$1,674$1,327$1,043$815$719
22 years$1,978$1,563$1,223$948$730$639
23 years$1,872$1,462$1,129$864$656$570
24 years$1,775$1,370$1,044$788$589$508
25 years$1,686$1,285$967$719$530$454
26 years$1,604$1,208$897$658$478$406
27 years$1,528$1,137$833$602$431$363
28 years$1,458$1,071$774$552$389$325
29 years$1,392$1,011$720$506$351$291
30 years$1,331$954$671$464$317$261
31 years$1,274$902$626$426$287$234
32 years$1,221$854$584$392$259$210
33 years$1,171$808$545$360$235$188
34 years$1,124$766$509$332$212$169
35 years$1,080$727$476$305$192$152
36 years$1,039$690$445$281$174$137
37 years$999$655$417$259$158$123
38 years$962$623$390$239$143$110
39 years$927$592$366$220$130$99
40 years$894$563$343$203$118$89
41 years$863$536$321$187$107$80
42 years$833$511$302$173$97$72
43 years$804$487$283$160$88$65
44 years$777$464$266$147$80$58
45 years$751$442$249$136$73$53
46 years$727$422$234$126$66$47
47 years$703$403$220$116$60$43
48 years$681$384$207$107$54$38
49 years$659$367$194$99$49$35
50 years$639$351$183$92$45$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $654,000, adding $6,477 every year, while hoping to spend $41,840 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: 57/13/30 Blend
68$654,000$654,000$654,000$654,000
69$727,389$692,727$682,590$762,508
70$757,065$682,153$660,939$776,812
71$788,366$669,659$637,161$787,501
72$821,413$655,106$611,140$798,315
73$856,339$638,348$582,755$809,278
74$893,289$619,230$551,880$820,423
75$932,419$597,587$518,383$831,783
76$973,904$573,247$482,126$843,403
77$1,017,930$546,024$442,966$855,330
78$1,064,706$515,726$400,752$867,621
79$1,114,455$482,146$355,326$880,341
80$1,167,424$445,066$306,525$893,564
81$1,223,885$404,257$254,177$907,376
82$1,284,132$359,477$198,102$921,874
83$1,348,489$310,467$138,115$937,168
84$1,417,312$256,957$74,019$953,385
85$1,490,991$198,661$5,611$970,668
86$1,569,952$135,275$0$989,176
87$1,654,663$66,480$0$1,030,665
88$1,745,639$0$0$1,077,086
89$1,843,445$0$0$1,128,099
90$1,948,698$0$0$1,193,273
91$2,062,080$0$0$1,263,523
92$2,184,337$0$0$1,339,318
93$2,316,290$0$0$1,421,171
94$2,458,840$0$0$1,509,648
95$2,612,978$0$0$1,605,371
96$2,779,794$0$0$1,709,022
97$2,960,484$0$0$1,821,353
98$3,156,365$0$0$1,943,189
99$3,368,884$0$0$2,075,438
100$3,599,633$0$0$2,219,099