Can I retire at age 69 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$60,283$59,746$59,222$58,711$58,211$57,675
2 years$29,843$29,287$28,748$28,226$27,720$27,180
3 years$19,698$19,139$18,602$18,085$17,586$17,059
4 years$14,626$14,070$13,538$13,029$12,543$12,032
5 years$11,584$11,031$10,506$10,008$9,535$9,043
6 years$9,556$9,007$8,490$8,003$7,545$7,071
7 years$8,109$7,564$7,055$6,580$6,136$5,682
8 years$7,024$6,484$5,984$5,520$5,090$4,655
9 years$6,180$5,646$5,154$4,702$4,287$3,870
10 years$5,505$4,976$4,493$4,053$3,652$3,255
11 years$4,954$4,430$3,956$3,527$3,141$2,762
12 years$4,495$3,976$3,510$3,094$2,722$2,361
13 years$4,106$3,593$3,136$2,731$2,374$2,030
14 years$3,774$3,266$2,818$2,425$2,081$1,754
15 years$3,486$2,984$2,544$2,162$1,832$1,522
16 years$3,234$2,738$2,307$1,936$1,619$1,326
17 years$3,012$2,521$2,099$1,740$1,436$1,158
18 years$2,815$2,330$1,916$1,568$1,277$1,014
19 years$2,639$2,159$1,754$1,417$1,138$890
20 years$2,481$2,006$1,610$1,283$1,016$782
21 years$2,338$1,869$1,481$1,164$910$689
22 years$2,208$1,745$1,365$1,059$815$607
23 years$2,090$1,632$1,260$964$732$536
24 years$1,982$1,529$1,165$879$658$474
25 years$1,882$1,435$1,079$803$592$419
26 years$1,790$1,348$1,001$734$533$371
27 years$1,706$1,269$930$672$481$329
28 years$1,627$1,196$864$616$434$292
29 years$1,554$1,128$804$565$392$259
30 years$1,486$1,065$749$518$354$230
31 years$1,422$1,007$698$476$320$204
32 years$1,363$953$652$437$289$181
33 years$1,307$902$608$402$262$161
34 years$1,255$855$568$370$237$143
35 years$1,206$811$531$341$215$127
36 years$1,159$770$497$314$195$113
37 years$1,116$731$465$289$176$101
38 years$1,074$695$436$266$160$90
39 years$1,035$661$408$246$145$80
40 years$998$629$383$227$132$71
41 years$963$598$359$209$119$63
42 years$929$570$337$193$108$56
43 years$898$543$316$178$98$50
44 years$867$518$296$164$89$45
45 years$839$494$278$152$81$40
46 years$811$471$261$140$74$35
47 years$785$449$246$130$67$32
48 years$760$429$231$120$61$28
49 years$736$410$217$111$55$25
50 years$713$391$204$102$50$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $730,000, adding $2,472 every year, while hoping to spend $28,031 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: 30/46/24 Blend
68$730,000$730,000$730,000$730,000
69$807,010$768,320$757,005$825,154
70$859,500$776,143$752,540$847,155
71$916,405$783,410$746,986$868,154
72$978,145$790,063$740,276$890,171
73$1,045,183$796,043$732,343$913,313
74$1,118,027$801,286$723,112$937,699
75$1,197,239$805,721$712,509$963,461
76$1,283,432$809,277$700,453$990,749
77$1,377,286$811,875$686,862$1,019,729
78$1,479,546$813,433$671,648$1,050,586
79$1,591,032$813,864$654,721$1,083,526
80$1,712,647$813,074$635,985$1,118,780
81$1,845,387$810,964$615,340$1,156,603
82$1,990,344$807,429$592,681$1,197,281
83$2,148,724$802,358$567,901$1,241,131
84$2,321,853$795,632$540,885$1,288,507
85$2,511,190$787,127$511,513$1,339,801
86$2,718,344$776,708$479,661$1,395,450
87$2,945,085$764,236$445,199$1,455,938
88$3,193,361$749,562$407,991$1,521,806
89$3,465,320$732,526$367,894$1,593,650
90$3,763,325$712,962$324,761$1,672,135
91$4,089,980$690,693$278,436$1,757,997
92$4,448,151$665,530$228,757$1,852,055
93$4,840,997$637,276$175,555$1,955,213
94$5,271,996$605,720$118,654$2,068,478
95$5,744,980$570,640$57,869$2,192,963
96$6,264,168$531,801$0$2,329,902
97$6,834,209$488,955$0$2,482,454
98$7,460,223$441,839$0$2,666,274
99$8,147,852$390,176$0$2,868,256
100$8,903,310$333,672$0$3,090,313