Can I retire at age 69 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$62,595$62,037$61,493$60,962$60,444$59,615
2 years$30,988$30,410$29,851$29,309$28,783$27,949
3 years$20,453$19,874$19,316$18,778$18,261$17,448
4 years$15,187$14,609$14,057$13,529$13,024$12,238
5 years$12,028$11,454$10,909$10,391$9,901$9,145
6 years$9,923$9,353$8,816$8,310$7,834$7,109
7 years$8,420$7,855$7,326$6,832$6,371$5,677
8 years$7,293$6,733$6,213$5,731$5,285$4,622
9 years$6,417$5,862$5,351$4,882$4,451$3,818
10 years$5,717$5,167$4,665$4,208$3,793$3,190
11 years$5,144$4,600$4,107$3,662$3,262$2,688
12 years$4,667$4,129$3,645$3,212$2,827$2,282
13 years$4,264$3,731$3,257$2,836$2,465$1,948
14 years$3,919$3,392$2,926$2,518$2,161$1,671
15 years$3,620$3,098$2,642$2,245$1,902$1,439
16 years$3,358$2,843$2,395$2,010$1,681$1,244
17 years$3,128$2,618$2,180$1,806$1,491$1,078
18 years$2,923$2,419$1,990$1,628$1,326$937
19 years$2,741$2,242$1,821$1,471$1,181$815
20 years$2,576$2,083$1,672$1,332$1,055$711
21 years$2,428$1,941$1,538$1,209$944$621
22 years$2,293$1,811$1,417$1,099$847$543
23 years$2,170$1,694$1,308$1,001$760$476
24 years$2,058$1,587$1,210$913$683$417
25 years$1,954$1,490$1,121$834$615$366
26 years$1,859$1,400$1,040$762$554$321
27 years$1,771$1,318$965$698$499$282
28 years$1,689$1,242$897$639$450$248
29 years$1,614$1,171$835$586$407$218
30 years$1,543$1,106$778$538$367$192
31 years$1,477$1,046$725$494$332$169
32 years$1,415$989$677$454$301$149
33 years$1,357$937$632$418$272$131
34 years$1,303$888$590$384$246$115
35 years$1,252$842$552$354$223$102
36 years$1,204$799$516$326$202$89
37 years$1,158$759$483$300$183$79
38 years$1,115$722$452$277$166$70
39 years$1,075$686$424$255$151$61
40 years$1,036$653$397$235$137$54
41 years$1,000$621$373$217$124$48
42 years$965$592$349$200$112$42
43 years$932$564$328$185$102$37
44 years$901$538$308$171$93$33
45 years$871$513$289$158$84$29
46 years$842$489$271$146$76$25
47 years$815$467$255$135$69$22
48 years$789$445$240$124$63$20
49 years$764$425$225$115$57$17
50 years$740$406$212$106$52$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $758,000, adding $2,845 every year, while hoping to spend $37,088 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: 73/10/17 Blend
68$758,000$758,000$758,000$758,000
69$838,251$798,077$786,328$895,962
70$884,291$797,721$773,208$934,263
71$933,784$796,105$758,406$971,414
72$987,044$793,128$741,826$1,011,142
73$1,044,413$788,682$723,368$1,053,697
74$1,106,270$782,654$702,928$1,099,351
75$1,173,028$774,923$680,395$1,148,405
76$1,245,145$765,362$655,657$1,201,194
77$1,323,121$753,836$628,592$1,258,086
78$1,407,505$740,200$599,076$1,319,485
79$1,498,904$724,303$566,978$1,385,840
80$1,597,982$705,983$532,161$1,457,645
81$1,705,471$685,071$494,484$1,535,446
82$1,822,175$661,386$453,795$1,619,846
83$1,948,980$634,737$409,940$1,711,508
84$2,086,859$604,922$362,756$1,811,166
85$2,236,882$571,727$312,072$1,919,630
86$2,400,228$534,926$257,711$2,037,793
87$2,578,194$494,280$199,487$2,166,640
88$2,772,207$449,536$137,206$2,307,258
89$2,983,836$400,428$70,667$2,460,848
90$3,214,811$346,672$0$2,628,734
91$3,467,034$287,972$0$2,812,438
92$3,742,600$224,010$0$3,027,194
93$4,043,814$154,455$0$3,261,989
94$4,373,215$78,956$0$3,518,829
95$4,733,598$0$0$3,799,924
96$5,128,041$0$0$4,108,022
97$5,559,934$0$0$4,454,917
98$6,033,008$0$0$4,834,925
99$6,551,373$0$0$5,251,349
100$7,119,555$0$0$5,707,832