Can I retire at age 69 with 721,000?

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 $721,000?

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 years$59,540$59,009$58,492$57,987$57,494$56,541
2 years$29,475$28,926$28,394$27,878$27,378$26,421
3 years$19,455$18,903$18,373$17,862$17,370$16,438
4 years$14,446$13,896$13,371$12,868$12,388$11,489
5 years$11,441$10,895$10,376$9,884$9,417$8,554
6 years$9,439$8,896$8,386$7,904$7,452$6,624
7 years$8,009$7,471$6,968$6,499$6,060$5,269
8 years$6,937$6,404$5,910$5,452$5,027$4,273
9 years$6,104$5,576$5,090$4,644$4,234$3,515
10 years$5,438$4,915$4,438$4,003$3,607$2,924
11 years$4,893$4,375$3,907$3,484$3,103$2,454
12 years$4,439$3,927$3,467$3,056$2,689$2,073
13 years$4,056$3,549$3,098$2,698$2,345$1,762
14 years$3,727$3,226$2,783$2,395$2,055$1,505
15 years$3,443$2,947$2,513$2,136$1,810$1,290
16 years$3,194$2,704$2,278$1,912$1,599$1,109
17 years$2,975$2,490$2,073$1,718$1,418$956
18 years$2,781$2,301$1,893$1,548$1,261$827
19 years$2,607$2,133$1,733$1,399$1,124$716
20 years$2,450$1,982$1,590$1,267$1,004$621
21 years$2,309$1,846$1,463$1,150$898$540
22 years$2,181$1,723$1,348$1,046$805$469
23 years$2,064$1,611$1,245$952$723$409
24 years$1,957$1,510$1,151$869$650$356
25 years$1,859$1,417$1,066$793$585$311
26 years$1,768$1,332$989$725$527$271
27 years$1,685$1,253$918$664$475$237
28 years$1,607$1,181$854$608$428$207
29 years$1,535$1,114$794$558$387$181
30 years$1,468$1,052$740$512$350$158
31 years$1,405$995$690$470$316$139
32 years$1,346$941$644$432$286$121
33 years$1,291$891$601$397$259$106
34 years$1,240$845$561$366$234$93
35 years$1,191$801$525$337$212$82
36 years$1,145$760$491$310$192$71
37 years$1,102$722$460$286$174$63
38 years$1,061$686$430$263$158$55
39 years$1,022$653$403$243$143$48
40 years$986$621$378$224$130$42
41 years$951$591$354$207$118$37
42 years$918$563$332$191$107$32
43 years$887$536$312$176$97$28
44 years$857$511$293$162$88$25
45 years$828$488$275$150$80$22
46 years$801$465$258$139$73$19
47 years$775$444$243$128$66$17
48 years$750$424$228$118$60$15
49 years$727$405$214$109$54$13
50 years$704$387$201$101$49$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $721,000, adding $4,746 every year, while hoping to spend $56,762 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: 57/30/13 Blend
68$721,000$721,000$721,000$721,000
69$799,437$761,224$750,049$842,111
70$820,586$738,130$714,781$848,429
71$841,989$712,002$676,430$848,645
72$863,613$682,631$634,831$847,547
73$885,418$649,796$589,815$845,019
74$907,359$613,265$541,202$840,934
75$929,385$572,790$488,808$835,159
76$951,436$528,111$432,436$827,547
77$973,444$478,950$371,885$817,942
78$995,334$425,017$306,942$806,176
79$1,017,018$366,003$237,384$792,068
80$1,038,400$301,583$162,982$775,423
81$1,059,367$231,411$83,493$756,032
82$1,079,798$155,126$0$733,667
83$1,099,553$72,342$0$708,273
84$1,118,475$0$0$691,771
85$1,136,390$0$0$678,051
86$1,153,104$0$0$687,423
87$1,168,398$0$0$695,867
88$1,182,028$0$0$703,231
89$1,193,724$0$0$709,341
90$1,203,184$0$0$714,008
91$1,210,071$0$0$717,018
92$1,214,011$0$0$718,137
93$1,214,590$0$0$717,101
94$1,211,345$0$0$713,619
95$1,203,765$0$0$707,368
96$1,191,281$0$0$697,990
97$1,173,262$0$0$685,087
98$1,149,010$0$0$668,220
99$1,117,751$0$0$646,899
100$1,078,627$0$0$620,584