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%13%
1 years$59,870$59,337$58,816$58,308$57,813$57,090
2 years$29,639$29,087$28,552$28,033$27,530$26,803
3 years$19,563$19,008$18,475$17,961$17,466$16,757
4 years$14,526$13,973$13,445$12,940$12,457$11,772
5 years$11,504$10,955$10,434$9,939$9,470$8,810
6 years$9,491$8,946$8,432$7,948$7,493$6,860
7 years$8,053$7,513$7,007$6,535$6,094$5,487
8 years$6,975$6,440$5,943$5,482$5,055$4,475
9 years$6,138$5,607$5,118$4,669$4,257$3,703
10 years$5,468$4,942$4,462$4,025$3,627$3,099
11 years$4,920$4,400$3,929$3,503$3,120$2,617
12 years$4,464$3,949$3,486$3,073$2,704$2,226
13 years$4,078$3,569$3,115$2,713$2,358$1,904
14 years$3,748$3,244$2,799$2,408$2,067$1,637
15 years$3,462$2,963$2,527$2,147$1,820$1,413
16 years$3,212$2,719$2,291$1,923$1,608$1,223
17 years$2,992$2,504$2,085$1,728$1,426$1,062
18 years$2,796$2,314$1,903$1,557$1,268$925
19 years$2,621$2,144$1,742$1,407$1,130$807
20 years$2,464$1,993$1,599$1,274$1,009$705
21 years$2,322$1,856$1,471$1,156$903$617
22 years$2,193$1,733$1,355$1,051$810$541
23 years$2,076$1,620$1,252$958$727$475
24 years$1,968$1,518$1,157$873$653$417
25 years$1,869$1,425$1,072$798$588$367
26 years$1,778$1,339$994$729$530$323
27 years$1,694$1,260$923$668$477$284
28 years$1,616$1,188$858$612$431$250
29 years$1,543$1,120$799$561$389$221
30 years$1,476$1,058$744$515$351$195
31 years$1,413$1,000$694$473$318$172
32 years$1,354$946$647$434$287$152
33 years$1,298$896$604$400$260$134
34 years$1,246$849$565$368$236$118
35 years$1,198$806$528$338$213$104
36 years$1,151$765$494$312$193$92
37 years$1,108$726$462$287$175$82
38 years$1,067$690$433$265$159$72
39 years$1,028$656$405$244$144$64
40 years$991$624$380$225$131$56
41 years$956$594$356$208$119$50
42 years$923$566$334$192$108$44
43 years$891$539$314$177$98$39
44 years$861$514$294$163$89$34
45 years$833$490$276$151$80$30
46 years$805$468$260$139$73$27
47 years$779$446$244$129$66$24
48 years$754$426$229$119$60$21
49 years$731$407$215$110$55$19
50 years$708$389$203$102$50$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $725,000, adding $2,220 every year, while hoping to spend $49,982 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: 38/41/21 Blend
68$725,000$725,000$725,000$725,000
69$801,240$762,815$751,577$826,574
70$829,786$747,012$723,575$829,309
71$859,568$728,760$692,959$827,396
72$890,661$707,886$659,589$824,310
73$923,142$684,206$623,320$819,973
74$957,098$657,528$583,996$814,305
75$992,621$627,646$541,459$807,222
76$1,029,812$594,344$495,541$798,635
77$1,068,777$557,391$446,067$788,455
78$1,109,636$516,547$392,854$776,587
79$1,152,516$471,555$335,711$762,932
80$1,197,555$422,143$274,440$747,389
81$1,244,904$368,026$208,831$729,852
82$1,294,725$308,901$138,669$710,214
83$1,347,199$244,449$63,725$688,362
84$1,402,517$174,331$0$664,181
85$1,460,892$98,191$0$641,194
86$1,522,553$15,653$0$631,114
87$1,587,753$0$0$619,579
88$1,656,765$0$0$639,767
89$1,729,888$0$0$668,686
90$1,807,450$0$0$699,411
91$1,889,809$0$0$732,089
92$1,977,355$0$0$766,882
93$2,070,516$0$0$803,968
94$2,169,762$0$0$843,541
95$2,275,604$0$0$885,814
96$2,388,604$0$0$931,020
97$2,509,379$0$0$979,415
98$2,638,602$0$0$1,031,279
99$2,777,014$0$0$1,086,920
100$2,925,426$0$0$1,146,675