Can I retire at age 69 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$60,613$60,073$59,546$59,032$58,530$56,634
2 years$30,006$29,448$28,906$28,381$27,872$25,979
3 years$19,806$19,244$18,704$18,184$17,683$15,853
4 years$14,706$14,147$13,612$13,100$12,612$10,859
5 years$11,647$11,091$10,563$10,062$9,587$7,916
6 years$9,609$9,057$8,537$8,047$7,586$5,998
7 years$8,153$7,606$7,094$6,616$6,169$4,664
8 years$7,062$6,520$6,016$5,550$5,118$3,695
9 years$6,214$5,676$5,182$4,727$4,310$2,967
10 years$5,536$5,004$4,518$4,075$3,672$2,408
11 years$4,981$4,454$3,977$3,546$3,158$1,970
12 years$4,519$3,998$3,530$3,111$2,737$1,621
13 years$4,129$3,613$3,154$2,746$2,387$1,341
14 years$3,794$3,284$2,834$2,438$2,092$1,114
15 years$3,505$3,000$2,558$2,174$1,842$929
16 years$3,252$2,753$2,319$1,947$1,628$776
17 years$3,029$2,535$2,111$1,749$1,444$650
18 years$2,831$2,342$1,927$1,576$1,284$546
19 years$2,654$2,171$1,764$1,424$1,144$459
20 years$2,495$2,017$1,619$1,290$1,022$386
21 years$2,351$1,879$1,489$1,171$914$325
22 years$2,220$1,754$1,372$1,064$820$274
23 years$2,101$1,641$1,267$969$736$232
24 years$1,992$1,537$1,172$884$661$196
25 years$1,892$1,442$1,085$807$595$165
26 years$1,800$1,356$1,007$738$536$140
27 years$1,715$1,276$935$676$483$118
28 years$1,636$1,202$869$619$436$100
29 years$1,563$1,134$809$568$394$85
30 years$1,494$1,071$753$521$356$72
31 years$1,430$1,013$702$479$322$61
32 years$1,370$958$655$440$291$51
33 years$1,314$907$612$404$263$43
34 years$1,262$860$572$372$238$37
35 years$1,212$816$534$343$216$31
36 years$1,166$774$500$316$196$26
37 years$1,122$735$468$291$177$22
38 years$1,080$699$438$268$161$19
39 years$1,041$664$410$247$146$16
40 years$1,003$632$385$228$132$14
41 years$968$602$361$210$120$12
42 years$934$573$338$194$109$10
43 years$903$546$318$179$99$8
44 years$872$521$298$165$90$7
45 years$843$496$280$153$81$6
46 years$815$473$263$141$74$5
47 years$789$452$247$130$67$4
48 years$764$431$232$120$61$4
49 years$740$412$218$111$55$3
50 years$717$393$205$103$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $734,000, adding $5,754 every year, while hoping to spend $33,917 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: 27/45/28 Blend
68$734,000$734,000$734,000$734,000
69$814,803$775,901$764,524$829,589
70$861,826$777,833$754,048$843,938
71$912,508$778,723$742,085$856,043
72$967,187$778,483$728,548$868,351
73$1,026,234$777,023$713,348$880,903
74$1,090,056$774,243$696,391$893,747
75$1,159,101$770,040$677,580$906,939
76$1,233,861$764,304$656,811$920,544
77$1,314,877$756,917$633,976$934,636
78$1,402,745$747,757$608,965$949,301
79$1,498,118$736,690$581,658$964,638
80$1,601,717$723,578$551,934$980,761
81$1,714,332$708,274$519,665$997,797
82$1,836,836$690,621$484,715$1,015,894
83$1,970,185$670,454$446,945$1,035,219
84$2,115,435$647,597$406,209$1,055,959
85$2,273,746$621,866$362,353$1,078,328
86$2,446,394$593,063$315,218$1,102,569
87$2,634,785$560,982$264,637$1,128,952
88$2,840,466$525,403$210,435$1,157,784
89$3,065,140$486,095$152,431$1,189,410
90$3,310,682$442,810$90,435$1,224,216
91$3,579,155$395,292$24,248$1,262,638
92$3,872,832$343,264$0$1,305,162
93$4,194,215$286,438$0$1,366,191
94$4,546,059$224,508$0$1,441,110
95$4,931,398$157,150$0$1,523,416
96$5,353,574$84,024$0$1,613,942
97$5,816,266$4,768$0$1,713,612
98$6,323,525$0$0$1,823,452
99$6,879,817$0$0$1,984,707
100$7,490,056$0$0$2,164,314