Can I retire at age 69 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$56,567$56,063$55,571$55,091$54,623$52,601
2 years$28,003$27,482$26,976$26,486$26,011$23,997
3 years$18,483$17,960$17,455$16,970$16,502$14,559
4 years$13,724$13,202$12,703$12,226$11,770$9,913
5 years$10,870$10,351$9,858$9,391$8,947$7,181
6 years$8,967$8,452$7,967$7,510$7,080$5,405
7 years$7,609$7,098$6,620$6,174$5,758$4,175
8 years$6,591$6,084$5,615$5,179$4,776$3,284
9 years$5,799$5,298$4,836$4,412$4,022$2,618
10 years$5,166$4,670$4,216$3,803$3,427$2,108
11 years$4,649$4,157$3,712$3,310$2,948$1,711
12 years$4,218$3,731$3,294$2,903$2,554$1,397
13 years$3,853$3,372$2,943$2,563$2,227$1,147
14 years$3,541$3,065$2,644$2,275$1,953$945
15 years$3,271$2,800$2,387$2,029$1,719$781
16 years$3,035$2,569$2,165$1,817$1,519$647
17 years$2,827$2,366$1,970$1,632$1,347$537
18 years$2,642$2,186$1,798$1,471$1,198$447
19 years$2,477$2,026$1,646$1,329$1,068$372
20 years$2,328$1,883$1,511$1,204$954$310
21 years$2,194$1,754$1,390$1,093$853$259
22 years$2,072$1,637$1,281$993$765$216
23 years$1,961$1,531$1,182$905$687$181
24 years$1,859$1,434$1,094$825$617$151
25 years$1,766$1,346$1,013$754$555$127
26 years$1,680$1,265$939$689$500$106
27 years$1,600$1,191$872$631$451$89
28 years$1,527$1,122$811$578$407$74
29 years$1,458$1,058$755$530$368$62
30 years$1,394$1,000$703$486$332$52
31 years$1,335$945$655$447$300$44
32 years$1,279$894$611$410$272$37
33 years$1,227$847$571$377$246$31
34 years$1,178$803$533$347$223$26
35 years$1,131$761$499$320$202$22
36 years$1,088$722$467$294$183$18
37 years$1,047$686$437$271$166$15
38 years$1,008$652$409$250$150$13
39 years$971$620$383$231$136$11
40 years$937$590$359$213$123$9
41 years$903$562$337$196$112$8
42 years$872$535$316$181$102$6
43 years$842$510$296$167$92$5
44 years$814$486$278$154$84$4
45 years$787$463$261$143$76$4
46 years$761$442$245$132$69$3
47 years$736$422$230$122$63$3
48 years$713$403$217$112$57$2
49 years$690$384$204$104$52$2
50 years$669$367$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $685,000, adding $3,116 every year, while hoping to spend $45,414 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: 64/29/7 Blend
68$685,000$685,000$685,000$685,000
69$758,084$721,779$711,162$805,420
70$787,089$708,826$686,665$824,381
71$817,529$693,716$659,826$839,437
72$849,505$676,296$630,518$854,697
73$883,123$656,403$598,609$870,180
74$918,499$633,865$563,960$885,903
75$955,761$608,499$526,427$901,892
76$995,046$580,112$485,860$918,174
77$1,036,504$548,502$442,100$934,782
78$1,080,300$513,451$394,983$951,754
79$1,126,613$474,732$344,337$969,134
80$1,175,637$432,104$289,982$986,975
81$1,227,587$385,311$231,731$1,005,334
82$1,282,694$334,085$169,387$1,024,282
83$1,341,213$278,140$102,747$1,043,895
84$1,403,424$217,176$31,596$1,064,264
85$1,469,631$150,875$0$1,085,492
86$1,540,167$78,901$0$1,111,005
87$1,615,398$901$0$1,140,359
88$1,695,723$0$0$1,171,360
89$1,781,582$0$0$1,230,843
90$1,873,455$0$0$1,294,830
91$1,971,868$0$0$1,363,405
92$2,077,400$0$0$1,436,974
93$2,190,685$0$0$1,515,984
94$2,312,418$0$0$1,600,925
95$2,443,365$0$0$1,692,334
96$2,584,363$0$0$1,790,803
97$2,736,334$0$0$1,896,981
98$2,900,289$0$0$2,011,579
99$3,077,340$0$0$2,135,380
100$3,268,710$0$0$2,269,247