Can I retire at age 69 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$59,870$59,337$58,816$58,308$57,813$57,352
2 years$29,639$29,087$28,552$28,033$27,530$27,066
3 years$19,563$19,008$18,475$17,961$17,466$17,013
4 years$14,526$13,973$13,445$12,940$12,457$12,018
5 years$11,504$10,955$10,434$9,939$9,470$9,046
6 years$9,491$8,946$8,432$7,948$7,493$7,085
7 years$8,053$7,513$7,007$6,535$6,094$5,702
8 years$6,975$6,440$5,943$5,482$5,055$4,680
9 years$6,138$5,607$5,118$4,669$4,257$3,898
10 years$5,468$4,942$4,462$4,025$3,627$3,284
11 years$4,920$4,400$3,929$3,503$3,120$2,792
12 years$4,464$3,949$3,486$3,073$2,704$2,391
13 years$4,078$3,569$3,115$2,713$2,358$2,060
14 years$3,748$3,244$2,799$2,408$2,067$1,784
15 years$3,462$2,963$2,527$2,147$1,820$1,551
16 years$3,212$2,719$2,291$1,923$1,608$1,353
17 years$2,992$2,504$2,085$1,728$1,426$1,184
18 years$2,796$2,314$1,903$1,557$1,268$1,039
19 years$2,621$2,144$1,742$1,407$1,130$914
20 years$2,464$1,993$1,599$1,274$1,009$805
21 years$2,322$1,856$1,471$1,156$903$711
22 years$2,193$1,733$1,355$1,051$810$628
23 years$2,076$1,620$1,252$958$727$556
24 years$1,968$1,518$1,157$873$653$493
25 years$1,869$1,425$1,072$798$588$437
26 years$1,778$1,339$994$729$530$388
27 years$1,694$1,260$923$668$477$344
28 years$1,616$1,188$858$612$431$306
29 years$1,543$1,120$799$561$389$272
30 years$1,476$1,058$744$515$351$242
31 years$1,413$1,000$694$473$318$216
32 years$1,354$946$647$434$287$192
33 years$1,298$896$604$400$260$171
34 years$1,246$849$565$368$236$153
35 years$1,198$806$528$338$213$136
36 years$1,151$765$494$312$193$121
37 years$1,108$726$462$287$175$108
38 years$1,067$690$433$265$159$97
39 years$1,028$656$405$244$144$86
40 years$991$624$380$225$131$77
41 years$956$594$356$208$119$69
42 years$923$566$334$192$108$61
43 years$891$539$314$177$98$55
44 years$861$514$294$163$89$49
45 years$833$490$276$151$80$44
46 years$805$468$260$139$73$39
47 years$779$446$244$129$66$35
48 years$754$426$229$119$60$31
49 years$731$407$215$110$55$28
50 years$708$389$203$102$50$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $725,000, adding $2,787 every year, while hoping to spend $30,766 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: 77/18/5 Blend
68$725,000$725,000$725,000$725,000
69$801,825$763,400$752,162$863,138
70$850,876$768,072$744,625$908,423
71$903,900$771,941$735,804$953,782
72$961,268$774,937$725,624$1,002,595
73$1,023,390$776,982$714,006$1,055,192
74$1,090,718$777,996$700,866$1,111,936
75$1,163,745$777,892$686,120$1,173,225
76$1,243,018$776,579$669,675$1,239,500
77$1,329,133$773,959$651,437$1,311,246
78$1,422,752$769,930$631,307$1,388,998
79$1,524,598$764,382$609,181$1,473,346
80$1,635,469$757,199$584,951$1,564,937
81$1,756,244$748,258$558,503$1,664,489
82$1,887,886$737,429$529,719$1,772,790
83$2,031,460$724,572$498,474$1,890,710
84$2,188,136$709,543$464,640$2,019,206
85$2,359,201$692,185$428,080$2,159,337
86$2,546,072$672,335$388,654$2,312,265
87$2,750,310$649,819$346,213$2,479,276
88$2,973,634$624,452$300,603$2,661,784
89$3,217,935$596,040$251,663$2,861,349
90$3,485,296$564,378$199,225$3,079,693
91$3,778,010$529,246$143,113$3,318,710
92$4,098,603$490,415$83,144$3,580,491
93$4,449,856$447,642$19,125$3,867,341
94$4,834,834$400,668$0$4,181,800
95$5,256,908$349,222$0$4,529,292
96$5,719,794$293,016$0$4,911,541
97$6,227,586$231,746$0$5,330,940
98$6,784,790$165,092$0$5,791,253
99$7,396,372$92,715$0$6,296,630
100$8,067,800$14,256$0$6,851,644