Can I retire at age 69 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$61,604$61,055$60,520$59,997$59,487$59,038
2 years$30,497$29,929$29,379$28,845$28,327$27,874
3 years$20,129$19,559$19,010$18,481$17,972$17,529
4 years$14,947$14,378$13,834$13,315$12,818$12,389
5 years$11,838$11,272$10,736$10,227$9,744$9,330
6 years$9,766$9,205$8,676$8,179$7,710$7,312
7 years$8,286$7,730$7,210$6,724$6,270$5,888
8 years$7,177$6,626$6,115$5,641$5,202$4,835
9 years$6,315$5,769$5,267$4,805$4,381$4,030
10 years$5,626$5,085$4,592$4,142$3,733$3,397
11 years$5,062$4,527$4,042$3,604$3,210$2,890
12 years$4,593$4,063$3,587$3,162$2,782$2,476
13 years$4,196$3,672$3,205$2,791$2,426$2,135
14 years$3,857$3,338$2,880$2,478$2,126$1,850
15 years$3,562$3,049$2,600$2,210$1,872$1,609
16 years$3,305$2,798$2,357$1,979$1,655$1,405
17 years$3,078$2,576$2,145$1,778$1,467$1,231
18 years$2,877$2,381$1,958$1,602$1,305$1,081
19 years$2,697$2,206$1,793$1,448$1,163$951
20 years$2,535$2,050$1,645$1,311$1,039$839
21 years$2,389$1,910$1,513$1,190$929$741
22 years$2,257$1,783$1,395$1,082$833$655
23 years$2,136$1,667$1,288$985$748$580
24 years$2,025$1,562$1,191$899$672$514
25 years$1,923$1,466$1,103$821$605$457
26 years$1,830$1,378$1,023$750$545$406
27 years$1,743$1,297$950$687$491$361
28 years$1,663$1,222$883$629$443$321
29 years$1,588$1,153$822$577$400$286
30 years$1,519$1,089$766$530$362$254
31 years$1,454$1,029$714$486$327$227
32 years$1,393$974$666$447$296$202
33 years$1,336$922$622$411$268$180
34 years$1,283$874$581$378$242$161
35 years$1,232$829$543$348$219$143
36 years$1,185$787$508$321$199$128
37 years$1,140$747$476$295$180$114
38 years$1,098$710$445$272$163$102
39 years$1,058$675$417$251$148$91
40 years$1,020$643$391$232$134$81
41 years$984$612$367$214$122$73
42 years$950$582$344$197$111$65
43 years$917$555$323$182$100$58
44 years$886$529$303$168$91$52
45 years$857$504$284$155$83$46
46 years$829$481$267$143$75$41
47 years$802$459$251$132$68$37
48 years$776$438$236$122$62$33
49 years$752$419$222$113$56$30
50 years$728$400$208$105$51$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $746,000, adding $4,556 every year, while hoping to spend $47,990 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: 55/26/19 Blend
68$746,000$746,000$746,000$746,000
69$826,792$787,254$775,691$867,799
70$860,063$774,768$750,615$883,829
71$895,120$760,062$723,091$895,783
72$932,094$742,977$692,986$907,746
73$971,128$723,343$660,162$919,732
74$1,012,378$700,981$624,472$931,760
75$1,056,014$675,704$585,766$943,850
76$1,102,224$647,309$543,885$956,030
77$1,151,209$615,585$498,663$968,334
78$1,203,192$580,309$449,929$980,800
79$1,258,417$541,243$397,500$993,476
80$1,317,147$498,136$341,189$1,006,419
81$1,379,676$450,724$280,797$1,019,692
82$1,446,319$398,726$216,121$1,033,373
83$1,517,427$341,847$146,944$1,047,549
84$1,593,380$279,774$73,043$1,062,324
85$1,674,598$212,175$0$1,077,815
86$1,761,539$138,704$0$1,095,338
87$1,854,706$58,990$0$1,129,745
88$1,954,651$0$0$1,166,442
89$2,061,980$0$0$1,213,509
90$2,177,356$0$0$1,282,297
91$2,301,510$0$0$1,356,368
92$2,435,243$0$0$1,436,209
93$2,579,435$0$0$1,522,350
94$2,735,051$0$0$1,615,376
95$2,903,155$0$0$1,715,930
96$3,084,913$0$0$1,824,718
97$3,281,608$0$0$1,942,515
98$3,494,649$0$0$2,070,176
99$3,725,588$0$0$2,208,638
100$3,976,129$0$0$2,358,934