Can I retire at age 69 with 693,000?

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 $693,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$57,227$56,718$56,220$55,735$55,261$53,535
2 years$28,330$27,803$27,291$26,796$26,315$24,591
3 years$18,699$18,169$17,659$17,168$16,695$15,028
4 years$13,885$13,356$12,851$12,369$11,907$10,309
5 years$10,997$10,472$9,973$9,500$9,052$7,527
6 years$9,072$8,551$8,060$7,598$7,162$5,713
7 years$7,698$7,181$6,698$6,246$5,825$4,450
8 years$6,668$6,155$5,680$5,240$4,832$3,532
9 years$5,867$5,359$4,892$4,463$4,069$2,841
10 years$5,226$4,724$4,265$3,847$3,467$2,310
11 years$4,703$4,206$3,755$3,348$2,982$1,893
12 years$4,267$3,775$3,333$2,937$2,584$1,561
13 years$3,898$3,411$2,977$2,593$2,253$1,295
14 years$3,583$3,101$2,675$2,302$1,975$1,078
15 years$3,309$2,833$2,415$2,053$1,739$900
16 years$3,070$2,599$2,190$1,838$1,537$754
17 years$2,860$2,393$1,993$1,651$1,363$633
18 years$2,673$2,212$1,819$1,488$1,212$533
19 years$2,506$2,050$1,665$1,345$1,080$449
20 years$2,355$1,905$1,528$1,218$965$379
21 years$2,220$1,774$1,406$1,105$863$320
22 years$2,096$1,656$1,296$1,005$774$270
23 years$1,984$1,549$1,196$915$695$229
24 years$1,881$1,451$1,106$835$624$194
25 years$1,787$1,362$1,025$762$562$164
26 years$1,700$1,280$950$697$506$139
27 years$1,619$1,205$882$638$456$118
28 years$1,545$1,135$820$585$412$100
29 years$1,475$1,071$763$536$372$85
30 years$1,411$1,011$711$492$336$72
31 years$1,350$956$663$452$304$61
32 years$1,294$905$619$415$275$52
33 years$1,241$857$578$382$249$44
34 years$1,191$812$540$351$225$37
35 years$1,145$770$505$323$204$32
36 years$1,101$731$472$298$185$27
37 years$1,059$694$442$274$167$23
38 years$1,020$660$414$253$152$19
39 years$983$627$388$233$138$16
40 years$947$597$363$215$125$14
41 years$914$568$341$198$113$12
42 years$882$541$320$183$103$10
43 years$852$516$300$169$93$9
44 years$823$491$281$156$85$7
45 years$796$469$264$144$77$6
46 years$770$447$248$133$70$5
47 years$745$427$233$123$63$4
48 years$721$407$219$114$58$4
49 years$698$389$206$105$52$3
50 years$677$372$194$97$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $693,000, adding $5,769 every year, while hoping to spend $32,628 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: 58/12/30 Blend
68$693,000$693,000$693,000$693,000
69$769,637$732,908$722,166$807,640
70$813,424$734,104$711,643$835,569
71$860,583$734,266$699,673$862,103
72$911,425$733,307$686,175$890,378
73$966,290$731,138$671,061$920,573
74$1,025,550$727,663$654,240$952,887
75$1,089,617$722,779$635,618$987,541
76$1,158,942$716,379$615,095$1,024,777
77$1,234,021$708,349$592,567$1,064,868
78$1,315,399$698,566$567,926$1,108,112
79$1,403,676$686,902$541,058$1,154,842
80$1,499,511$673,221$511,844$1,205,425
81$1,603,631$657,378$480,161$1,260,268
82$1,716,833$639,221$445,878$1,319,823
83$1,839,995$618,588$408,859$1,384,587
84$1,974,082$595,307$368,964$1,455,113
85$2,120,159$569,197$326,045$1,532,012
86$2,279,394$540,066$279,946$1,615,960
87$2,453,075$507,712$230,507$1,707,703
88$2,642,618$471,920$177,559$1,808,069
89$2,849,584$432,462$120,925$1,917,971
90$3,075,689$389,101$60,424$2,038,419
91$3,322,823$341,581$0$2,170,531
92$3,593,068$289,635$0$2,316,866
93$3,888,714$232,980$0$2,498,191
94$4,212,284$171,317$0$2,696,718
95$4,566,556$104,331$0$2,914,182
96$4,954,590$31,688$0$3,152,495
97$5,379,753$0$0$3,413,767
98$5,845,757$0$0$3,706,522
99$6,356,688$0$0$4,032,148
100$6,917,045$0$0$4,389,335