Can I retire at age 69 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$62,430$61,874$61,331$60,802$60,285$59,433
2 years$30,906$30,330$29,772$29,232$28,707$27,850
3 years$20,399$19,821$19,265$18,729$18,213$17,378
4 years$15,147$14,571$14,020$13,493$12,990$12,183
5 years$11,996$11,424$10,880$10,364$9,874$9,099
6 years$9,897$9,328$8,793$8,288$7,813$7,069
7 years$8,398$7,834$7,307$6,814$6,354$5,642
8 years$7,274$6,715$6,197$5,716$5,272$4,591
9 years$6,400$5,847$5,337$4,869$4,439$3,790
10 years$5,701$5,154$4,653$4,197$3,783$3,165
11 years$5,130$4,588$4,096$3,653$3,253$2,665
12 years$4,655$4,118$3,636$3,204$2,819$2,261
13 years$4,253$3,721$3,248$2,829$2,458$1,929
14 years$3,908$3,383$2,918$2,511$2,155$1,654
15 years$3,610$3,090$2,635$2,239$1,897$1,423
16 years$3,349$2,835$2,389$2,005$1,677$1,229
17 years$3,120$2,611$2,174$1,802$1,487$1,065
18 years$2,916$2,413$1,984$1,624$1,322$924
19 years$2,733$2,236$1,817$1,467$1,178$804
20 years$2,569$2,078$1,667$1,329$1,053$701
21 years$2,421$1,935$1,534$1,206$942$611
22 years$2,287$1,807$1,413$1,096$844$534
23 years$2,164$1,690$1,305$998$758$468
24 years$2,052$1,583$1,207$911$681$409
25 years$1,949$1,486$1,118$832$613$359
26 years$1,854$1,396$1,037$760$552$315
27 years$1,766$1,314$963$696$498$276
28 years$1,685$1,238$895$638$449$243
29 years$1,609$1,168$833$585$406$213
30 years$1,539$1,103$776$537$366$187
31 years$1,473$1,043$723$493$331$165
32 years$1,412$987$675$453$300$145
33 years$1,354$935$630$417$271$128
34 years$1,300$886$589$383$246$112
35 years$1,249$840$550$353$222$99
36 years$1,201$797$515$325$202$87
37 years$1,155$757$482$299$183$77
38 years$1,113$720$451$276$166$68
39 years$1,072$684$423$254$150$59
40 years$1,034$651$396$235$136$52
41 years$997$620$372$217$124$46
42 years$962$590$349$200$112$41
43 years$930$562$327$184$102$36
44 years$898$536$307$170$92$32
45 years$868$511$288$157$84$28
46 years$840$488$271$145$76$25
47 years$813$465$254$134$69$22
48 years$787$444$239$124$63$19
49 years$762$424$225$115$57$17
50 years$738$405$211$106$52$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $756,000, adding $3,529 every year, while hoping to spend $51,377 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: 83/5/12 Blend
68$756,000$756,000$756,000$756,000
69$836,752$796,684$784,966$904,150
70$867,436$781,057$756,598$933,190
71$899,528$762,942$725,557$957,901
72$933,117$742,163$691,700$983,496
73$968,300$718,534$654,877$1,010,038
74$1,005,182$691,858$614,931$1,037,591
75$1,043,876$661,925$571,697$1,066,229
76$1,084,506$628,514$525,004$1,096,032
77$1,127,207$591,392$474,672$1,127,088
78$1,172,124$550,312$420,515$1,159,495
79$1,219,415$505,012$362,337$1,193,360
80$1,269,253$455,215$299,934$1,228,802
81$1,321,827$400,631$233,092$1,265,951
82$1,377,342$340,950$161,589$1,304,950
83$1,436,021$275,847$85,192$1,345,960
84$1,498,108$204,976$3,658$1,389,154
85$1,563,869$127,974$0$1,434,727
86$1,633,597$44,458$0$1,493,564
87$1,707,608$0$0$1,556,423
88$1,786,251$0$0$1,625,659
89$1,869,906$0$0$1,701,919
90$1,958,990$0$0$1,783,135
91$2,053,959$0$0$1,869,726
92$2,155,312$0$0$1,962,148
93$2,263,596$0$0$2,060,900
94$2,379,411$0$0$2,166,532
95$2,503,414$0$0$2,279,643
96$2,636,327$0$0$2,400,894
97$2,778,940$0$0$2,531,008
98$2,932,122$0$0$2,670,777
99$3,096,824$0$0$2,821,074
100$3,274,094$0$0$2,982,854