Can I retire at age 69 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$54,420$53,935$53,462$53,000$52,550$52,001
2 years$26,940$26,439$25,952$25,481$25,024$24,471
3 years$17,782$17,278$16,793$16,326$15,876$15,337
4 years$13,203$12,701$12,221$11,762$11,323$10,801
5 years$10,457$9,958$9,484$9,034$8,607$8,105
6 years$8,627$8,131$7,664$7,225$6,811$6,327
7 years$7,320$6,829$6,369$5,940$5,539$5,075
8 years$6,340$5,853$5,402$4,983$4,595$4,151
9 years$5,579$5,096$4,652$4,244$3,870$3,446
10 years$4,970$4,492$4,056$3,659$3,297$2,892
11 years$4,472$3,999$3,571$3,184$2,836$2,450
12 years$4,058$3,589$3,169$2,793$2,457$2,090
13 years$3,707$3,244$2,831$2,466$2,143$1,794
14 years$3,407$2,949$2,544$2,189$1,878$1,547
15 years$3,147$2,694$2,297$1,952$1,654$1,340
16 years$2,920$2,471$2,082$1,748$1,462$1,164
17 years$2,719$2,276$1,895$1,570$1,296$1,015
18 years$2,542$2,103$1,730$1,415$1,152$887
19 years$2,383$1,949$1,584$1,279$1,027$776
20 years$2,240$1,811$1,453$1,158$917$681
21 years$2,111$1,687$1,337$1,051$821$598
22 years$1,993$1,575$1,232$956$736$526
23 years$1,887$1,473$1,138$870$661$464
24 years$1,789$1,380$1,052$794$594$409
25 years$1,699$1,295$974$725$534$361
26 years$1,616$1,217$904$663$481$319
27 years$1,540$1,145$839$607$434$282
28 years$1,469$1,079$780$556$392$249
29 years$1,403$1,018$726$510$354$221
30 years$1,341$962$676$468$319$196
31 years$1,284$909$630$430$289$173
32 years$1,230$860$588$395$261$154
33 years$1,180$815$549$363$236$136
34 years$1,133$772$513$334$214$121
35 years$1,089$732$480$308$194$107
36 years$1,047$695$449$283$176$95
37 years$1,007$660$420$261$159$84
38 years$970$627$393$241$144$75
39 years$934$597$369$222$131$66
40 years$901$568$345$205$119$59
41 years$869$540$324$189$108$52
42 years$839$515$304$174$98$47
43 years$810$490$285$161$89$41
44 years$783$467$268$148$81$37
45 years$757$446$251$137$73$33
46 years$732$425$236$127$66$29
47 years$708$406$222$117$60$26
48 years$686$387$208$108$55$23
49 years$664$370$196$100$50$20
50 years$643$353$184$92$45$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $659,000, adding $6,082 every year, while hoping to spend $40,679 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: 32/47/21 Blend
68$659,000$659,000$659,000$659,000
69$732,492$697,565$687,350$751,012
70$763,924$688,463$667,094$756,320
71$797,198$677,552$644,796$757,920
72$832,461$664,700$620,345$758,800
73$869,869$649,768$593,624$758,922
74$909,597$632,608$564,512$758,246
75$951,834$613,064$532,881$756,736
76$996,786$590,969$498,598$754,355
77$1,044,682$566,150$461,524$751,065
78$1,095,769$538,421$421,515$746,831
79$1,150,319$507,586$378,418$741,621
80$1,208,632$473,437$332,074$735,403
81$1,271,033$435,756$282,319$728,148
82$1,337,881$394,311$228,980$719,832
83$1,409,570$348,857$171,876$710,432
84$1,486,530$299,136$110,818$699,934
85$1,569,236$244,873$45,610$688,326
86$1,658,206$185,781$0$675,604
87$1,754,013$121,553$0$667,147
88$1,857,282$51,869$0$668,851
89$1,968,701$0$0$670,559
90$2,089,028$0$0$684,574
91$2,219,092$0$0$728,799
92$2,359,808$0$0$776,729
93$2,512,180$0$0$828,715
94$2,677,312$0$0$885,146
95$2,856,417$0$0$946,447
96$3,050,830$0$0$1,013,089
97$3,262,020$0$0$1,085,586
98$3,491,601$0$0$1,164,506
99$3,741,350$0$0$1,250,475
100$4,013,223$0$0$1,344,178