Can I retire at age 69 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$56,980$56,472$55,977$55,494$55,022$54,088
2 years$28,208$27,682$27,173$26,680$26,201$25,263
3 years$18,618$18,091$17,583$17,094$16,623$15,710
4 years$13,825$13,299$12,796$12,315$11,856$10,975
5 years$10,949$10,426$9,930$9,459$9,012$8,166
6 years$9,033$8,514$8,025$7,565$7,131$6,321
7 years$7,664$7,150$6,669$6,219$5,800$5,025
8 years$6,639$6,129$5,656$5,217$4,811$4,072
9 years$5,841$5,336$4,871$4,444$4,052$3,348
10 years$5,204$4,704$4,247$3,831$3,452$2,783
11 years$4,682$4,187$3,739$3,334$2,969$2,334
12 years$4,248$3,758$3,318$2,924$2,573$1,971
13 years$3,881$3,396$2,965$2,582$2,244$1,674
14 years$3,567$3,087$2,664$2,292$1,967$1,429
15 years$3,295$2,820$2,405$2,044$1,732$1,224
16 years$3,057$2,588$2,180$1,830$1,531$1,052
17 years$2,847$2,383$1,984$1,644$1,357$906
18 years$2,661$2,202$1,811$1,482$1,207$783
19 years$2,495$2,041$1,658$1,339$1,075$677
20 years$2,345$1,896$1,522$1,213$961$587
21 years$2,210$1,766$1,400$1,101$860$510
22 years$2,087$1,649$1,290$1,001$771$443
23 years$1,975$1,542$1,191$911$692$386
24 years$1,873$1,445$1,102$831$622$336
25 years$1,779$1,356$1,020$759$559$293
26 years$1,692$1,274$946$694$504$255
27 years$1,612$1,199$879$635$454$223
28 years$1,538$1,130$817$582$410$195
29 years$1,469$1,066$760$534$370$170
30 years$1,405$1,007$708$490$334$149
31 years$1,345$952$660$450$302$130
32 years$1,288$901$616$413$274$114
33 years$1,236$853$575$380$248$99
34 years$1,186$808$537$350$224$87
35 years$1,140$767$502$322$203$76
36 years$1,096$728$470$297$184$67
37 years$1,055$691$440$273$167$58
38 years$1,015$657$412$252$151$51
39 years$978$625$386$232$137$45
40 years$943$594$362$214$124$39
41 years$910$566$339$198$113$34
42 years$878$539$318$182$102$30
43 years$848$513$299$168$93$26
44 years$820$489$280$155$84$23
45 years$793$467$263$144$77$20
46 years$767$445$247$133$69$18
47 years$742$425$232$123$63$16
48 years$718$406$218$113$57$14
49 years$695$387$205$105$52$12
50 years$674$370$193$97$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $690,000, adding $6,531 every year, while hoping to spend $56,285 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: 31/49/20 Blend
68$690,000$690,000$690,000$690,000
69$767,117$730,547$719,852$785,944
70$785,476$706,457$684,080$776,592
71$803,821$679,300$645,223$760,986
72$822,092$648,866$603,119$743,003
73$840,219$614,935$557,598$722,470
74$858,125$577,270$508,480$699,204
75$875,721$535,624$455,582$673,008
76$892,910$489,734$398,709$643,673
77$909,579$439,324$337,659$610,979
78$925,605$384,100$272,219$574,688
79$940,848$323,752$202,170$534,547
80$955,152$257,953$127,280$490,288
81$968,342$186,358$47,308$441,624
82$980,224$108,601$0$388,248
83$990,582$24,297$0$337,952
84$999,173$0$0$293,572
85$1,005,728$0$0$280,793
86$1,009,947$0$0$280,257
87$1,011,499$0$0$278,747
88$1,010,012$0$0$276,135
89$1,005,078$0$0$272,279
90$996,239$0$0$267,020
91$982,991$0$0$260,185
92$964,774$0$0$251,580
93$940,966$0$0$240,989
94$910,880$0$0$228,177
95$873,754$0$0$212,879
96$828,746$0$0$194,807
97$774,921$0$0$173,637
98$711,248$0$0$149,016
99$636,585$0$0$120,550
100$549,669$0$0$87,804