Can I retire at age 69 with 708,000?

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 $708,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$58,466$57,945$57,437$56,941$56,457$55,362
2 years$28,944$28,405$27,882$27,376$26,884$25,786
3 years$19,104$18,563$18,042$17,540$17,056$15,989
4 years$14,185$13,646$13,130$12,636$12,165$11,136
5 years$11,235$10,698$10,189$9,706$9,248$8,260
6 years$9,268$8,736$8,234$7,762$7,317$6,372
7 years$7,864$7,336$6,843$6,382$5,951$5,049
8 years$6,812$6,289$5,803$5,353$4,937$4,078
9 years$5,994$5,475$4,998$4,560$4,158$3,341
10 years$5,339$4,826$4,358$3,931$3,542$2,767
11 years$4,805$4,297$3,836$3,421$3,047$2,312
12 years$4,359$3,856$3,405$3,001$2,640$1,945
13 years$3,983$3,485$3,042$2,649$2,302$1,645
14 years$3,660$3,168$2,733$2,351$2,018$1,398
15 years$3,381$2,894$2,468$2,097$1,777$1,193
16 years$3,137$2,655$2,237$1,878$1,570$1,021
17 years$2,922$2,445$2,036$1,687$1,392$876
18 years$2,730$2,259$1,858$1,520$1,238$753
19 years$2,560$2,094$1,701$1,374$1,104$649
20 years$2,406$1,946$1,561$1,244$986$560
21 years$2,268$1,813$1,436$1,129$882$484
22 years$2,142$1,692$1,324$1,027$791$419
23 years$2,027$1,582$1,222$935$710$363
24 years$1,922$1,483$1,130$853$638$314
25 years$1,825$1,391$1,047$779$574$273
26 years$1,736$1,308$971$712$517$237
27 years$1,654$1,231$902$652$466$206
28 years$1,578$1,160$838$597$421$179
29 years$1,507$1,094$780$548$380$155
30 years$1,441$1,033$727$503$343$135
31 years$1,380$977$677$462$310$118
32 years$1,322$924$632$424$281$102
33 years$1,268$875$590$390$254$89
34 years$1,217$829$551$359$230$78
35 years$1,169$787$515$330$208$68
36 years$1,124$747$482$304$189$59
37 years$1,082$709$451$280$171$51
38 years$1,042$674$423$258$155$45
39 years$1,004$641$396$238$141$39
40 years$968$610$371$220$128$34
41 years$934$580$348$203$116$30
42 years$901$553$326$187$105$26
43 years$871$527$306$173$95$22
44 years$841$502$288$160$87$20
45 years$813$479$270$147$79$17
46 years$787$457$254$136$71$15
47 years$761$436$238$126$65$13
48 years$737$416$224$116$59$11
49 years$714$397$210$107$53$10
50 years$691$380$198$99$49$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $708,000, adding $2,611 every year, while hoping to spend $33,763 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: 59/36/5 Blend
68$708,000$708,000$708,000$708,000
69$782,909$745,385$734,411$828,256
70$826,842$745,986$723,090$859,532
71$874,125$745,484$710,259$889,511
72$925,064$743,790$695,830$921,338
73$979,994$740,809$679,714$955,190
74$1,039,285$736,441$661,816$991,264
75$1,103,342$730,577$642,038$1,029,778
76$1,172,612$723,104$620,275$1,070,975
77$1,247,585$713,903$596,420$1,115,121
78$1,328,799$702,844$570,361$1,162,514
79$1,416,846$689,793$541,978$1,213,481
80$1,512,379$674,607$511,148$1,268,385
81$1,616,112$657,134$477,742$1,327,628
82$1,728,835$637,213$441,626$1,391,655
83$1,851,414$614,674$402,658$1,460,959
84$1,984,802$589,337$360,691$1,536,083
85$2,130,049$561,011$315,571$1,617,630
86$2,288,309$529,496$267,138$1,706,267
87$2,460,853$494,578$215,224$1,802,730
88$2,649,079$456,032$159,653$1,907,835
89$2,854,527$413,619$100,243$2,022,484
90$3,078,891$367,088$36,803$2,147,672
91$3,324,036$316,173$0$2,284,504
92$3,592,015$260,593$0$2,435,844
93$3,885,089$200,051$0$2,603,594
94$4,205,747$134,232$0$2,787,288
95$4,556,730$62,807$0$2,988,583
96$4,941,057$0$0$3,209,310
97$5,362,050$0$0$3,457,265
98$5,823,371$0$0$3,756,292
99$6,329,049$0$0$4,084,130
100$6,883,525$0$0$4,443,666