Can I retire at age 69 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$61,687$61,137$60,601$60,078$59,567$57,431
2 years$30,538$29,969$29,418$28,884$28,365$26,236
3 years$20,156$19,585$19,035$18,506$17,996$15,941
4 years$14,967$14,397$13,853$13,333$12,835$10,870
5 years$11,854$11,288$10,750$10,241$9,757$7,886
6 years$9,779$9,217$8,688$8,190$7,720$5,946
7 years$8,298$7,741$7,220$6,733$6,279$4,600
8 years$7,187$6,635$6,123$5,648$5,209$3,625
9 years$6,324$5,777$5,274$4,811$4,387$2,895
10 years$5,634$5,092$4,598$4,147$3,738$2,336
11 years$5,069$4,533$4,048$3,609$3,214$1,900
12 years$4,599$4,069$3,592$3,166$2,786$1,554
13 years$4,202$3,677$3,209$2,795$2,429$1,278
14 years$3,862$3,342$2,884$2,481$2,129$1,055
15 years$3,567$3,053$2,604$2,213$1,875$874
16 years$3,309$2,801$2,361$1,981$1,657$726
17 years$3,082$2,580$2,148$1,780$1,469$604
18 years$2,881$2,384$1,961$1,604$1,306$504
19 years$2,701$2,209$1,795$1,450$1,164$420
20 years$2,539$2,053$1,647$1,313$1,040$351
21 years$2,392$1,912$1,515$1,191$931$294
22 years$2,260$1,785$1,397$1,083$834$246
23 years$2,139$1,670$1,289$987$749$206
24 years$2,028$1,564$1,193$900$673$173
25 years$1,926$1,468$1,105$822$606$145
26 years$1,832$1,380$1,024$751$546$122
27 years$1,745$1,298$951$688$492$102
28 years$1,665$1,224$884$630$444$86
29 years$1,590$1,154$823$578$401$72
30 years$1,521$1,090$767$530$362$61
31 years$1,456$1,030$715$487$327$51
32 years$1,395$975$667$448$296$43
33 years$1,338$923$623$412$268$36
34 years$1,284$875$582$379$243$30
35 years$1,234$830$544$349$220$25
36 years$1,186$788$509$321$199$21
37 years$1,142$748$476$296$180$18
38 years$1,099$711$446$273$164$15
39 years$1,059$676$418$251$148$13
40 years$1,021$643$392$232$135$11
41 years$985$612$367$214$122$9
42 years$951$583$344$197$111$8
43 years$919$556$323$182$101$6
44 years$888$530$303$168$91$5
45 years$858$505$285$155$83$4
46 years$830$482$268$144$75$4
47 years$803$460$251$133$68$3
48 years$777$439$236$123$62$3
49 years$753$419$222$113$56$2
50 years$729$400$209$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $747,000, adding $5,488 every year, while hoping to spend $37,906 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: 51/29/20 Blend
68$747,000$747,000$747,000$747,000
69$828,855$789,264$777,685$866,270
70$873,066$787,606$763,406$891,016
71$920,517$784,597$747,378$913,548
72$971,497$780,129$729,503$937,242
73$1,026,325$774,091$709,677$962,220
74$1,085,352$766,363$687,792$988,621
75$1,148,961$756,818$663,736$1,016,600
76$1,217,575$745,322$637,391$1,046,327
77$1,291,656$731,732$608,633$1,077,996
78$1,371,716$715,897$577,333$1,111,819
79$1,458,314$697,659$543,356$1,148,036
80$1,552,065$676,847$506,561$1,186,912
81$1,653,646$653,283$466,802$1,228,742
82$1,763,801$626,778$423,923$1,273,856
83$1,883,350$597,130$377,765$1,322,619
84$2,013,190$564,128$328,159$1,375,438
85$2,154,313$527,549$274,930$1,432,765
86$2,307,808$487,153$217,895$1,495,102
87$2,474,873$442,692$156,863$1,563,006
88$2,656,826$393,900$91,634$1,637,098
89$2,855,117$340,496$21,999$1,718,065
90$3,071,344$282,186$0$1,806,668
91$3,307,264$218,656$0$1,914,918
92$3,564,811$149,576$0$2,038,324
93$3,846,115$74,598$0$2,173,277
94$4,153,519$0$0$2,320,981
95$4,489,603$0$0$2,484,891
96$4,857,210$0$0$2,690,285
97$5,259,466$0$0$2,915,115
98$5,699,818$0$0$3,161,316
99$6,182,059$0$0$3,431,019
100$6,710,364$0$0$3,726,569