Can I retire at age 69 with 688,000?

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 $688,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$56,814$56,308$55,815$55,333$54,862$54,065
2 years$28,126$27,602$27,094$26,602$26,125$25,323
3 years$18,564$18,038$17,532$17,044$16,575$15,793
4 years$13,785$13,260$12,759$12,279$11,821$11,067
5 years$10,917$10,396$9,901$9,432$8,986$8,261
6 years$9,007$8,489$8,002$7,543$7,111$6,415
7 years$7,642$7,129$6,649$6,201$5,783$5,117
8 years$6,619$6,111$5,639$5,202$4,797$4,161
9 years$5,824$5,321$4,857$4,431$4,040$3,433
10 years$5,189$4,690$4,235$3,820$3,442$2,865
11 years$4,669$4,175$3,728$3,324$2,961$2,411
12 years$4,236$3,747$3,309$2,916$2,566$2,044
13 years$3,870$3,387$2,956$2,574$2,237$1,743
14 years$3,557$3,078$2,656$2,285$1,961$1,493
15 years$3,285$2,812$2,398$2,038$1,727$1,284
16 years$3,048$2,580$2,174$1,825$1,526$1,108
17 years$2,839$2,376$1,978$1,639$1,353$959
18 years$2,653$2,196$1,806$1,477$1,203$832
19 years$2,487$2,035$1,653$1,335$1,072$723
20 years$2,338$1,891$1,517$1,209$958$630
21 years$2,204$1,761$1,396$1,097$857$549
22 years$2,081$1,644$1,286$998$768$480
23 years$1,970$1,538$1,188$909$690$419
24 years$1,868$1,441$1,098$829$620$367
25 years$1,774$1,352$1,017$757$558$321
26 years$1,687$1,271$944$692$502$282
27 years$1,607$1,196$876$633$453$247
28 years$1,533$1,127$814$580$409$217
29 years$1,465$1,063$758$532$369$190
30 years$1,400$1,004$706$488$334$167
31 years$1,341$949$658$449$302$147
32 years$1,285$898$614$412$273$129
33 years$1,232$850$573$379$247$114
34 years$1,183$806$536$349$223$100
35 years$1,136$765$501$321$202$88
36 years$1,093$726$469$296$183$77
37 years$1,051$689$439$272$166$68
38 years$1,012$655$411$251$151$60
39 years$976$623$385$232$137$53
40 years$941$593$361$214$124$46
41 years$907$564$338$197$112$41
42 years$876$537$317$182$102$36
43 years$846$512$298$168$93$32
44 years$817$488$279$155$84$28
45 years$790$465$262$143$76$25
46 years$764$444$246$132$69$22
47 years$740$424$232$122$63$19
48 years$716$404$218$113$57$17
49 years$693$386$204$104$52$15
50 years$672$369$192$96$47$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $688,000, adding $2,060 every year, while hoping to spend $39,531 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: 37/47/16 Blend
68$688,000$688,000$688,000$688,000
69$760,301$723,837$713,173$784,668
70$795,791$717,244$695,004$795,806
71$833,576$709,004$674,901$803,913
72$873,849$698,993$652,757$811,827
73$916,819$687,081$628,463$819,551
74$962,719$673,132$601,900$827,092
75$1,011,800$657,000$572,948$834,463
76$1,064,341$638,530$541,479$841,678
77$1,120,644$617,559$507,359$848,759
78$1,181,045$593,914$470,451$855,735
79$1,245,908$567,412$430,608$862,640
80$1,315,636$537,861$387,678$869,519
81$1,390,670$505,055$341,504$876,422
82$1,471,493$468,778$291,920$883,416
83$1,558,638$428,801$238,752$890,574
84$1,652,690$384,882$181,820$897,986
85$1,754,289$336,766$120,936$905,756
86$1,864,141$284,182$55,902$914,008
87$1,983,022$226,846$0$922,882
88$2,111,784$164,455$0$934,846
89$2,251,365$96,692$0$958,120
90$2,402,795$23,221$0$983,403
91$2,567,206$0$0$1,010,982
92$2,745,847$0$0$1,070,307
93$2,940,087$0$0$1,147,954
94$3,151,436$0$0$1,232,528
95$3,381,554$0$0$1,324,705
96$3,632,267$0$0$1,425,227
97$3,905,586$0$0$1,534,912
98$4,203,721$0$0$1,654,661
99$4,529,110$0$0$1,785,465
100$4,884,431$0$0$1,928,414