Can I retire at age 67 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$56,567$56,063$55,571$55,091$54,623$53,367
2 years$28,003$27,482$26,976$26,486$26,011$24,753
3 years$18,483$17,960$17,455$16,970$16,502$15,281
4 years$13,724$13,202$12,703$12,226$11,770$10,595
5 years$10,870$10,351$9,858$9,391$8,947$7,822
6 years$8,967$8,452$7,967$7,510$7,080$6,005
7 years$7,609$7,098$6,620$6,174$5,758$4,734
8 years$6,591$6,084$5,615$5,179$4,776$3,803
9 years$5,799$5,298$4,836$4,412$4,022$3,099
10 years$5,166$4,670$4,216$3,803$3,427$2,552
11 years$4,649$4,157$3,712$3,310$2,948$2,120
12 years$4,218$3,731$3,294$2,903$2,554$1,773
13 years$3,853$3,372$2,943$2,563$2,227$1,491
14 years$3,541$3,065$2,644$2,275$1,953$1,259
15 years$3,271$2,800$2,387$2,029$1,719$1,068
16 years$3,035$2,569$2,165$1,817$1,519$908
17 years$2,827$2,366$1,970$1,632$1,347$774
18 years$2,642$2,186$1,798$1,471$1,198$661
19 years$2,477$2,026$1,646$1,329$1,068$566
20 years$2,328$1,883$1,511$1,204$954$485
21 years$2,194$1,754$1,390$1,093$853$416
22 years$2,072$1,637$1,281$993$765$358
23 years$1,961$1,531$1,182$905$687$308
24 years$1,859$1,434$1,094$825$617$265
25 years$1,766$1,346$1,013$754$555$228
26 years$1,680$1,265$939$689$500$197
27 years$1,600$1,191$872$631$451$170
28 years$1,527$1,122$811$578$407$146
29 years$1,458$1,058$755$530$368$126
30 years$1,394$1,000$703$486$332$109
31 years$1,335$945$655$447$300$94
32 years$1,279$894$611$410$272$81
33 years$1,227$847$571$377$246$70
34 years$1,178$803$533$347$223$61
35 years$1,131$761$499$320$202$52
36 years$1,088$722$467$294$183$45
37 years$1,047$686$437$271$166$39
38 years$1,008$652$409$250$150$34
39 years$971$620$383$231$136$29
40 years$937$590$359$213$123$25
41 years$903$562$337$196$112$22
42 years$872$535$316$181$102$19
43 years$842$510$296$167$92$16
44 years$814$486$278$154$84$14
45 years$787$463$261$143$76$12
46 years$761$442$245$132$69$11
47 years$736$422$230$122$63$9
48 years$713$403$217$112$57$8
49 years$690$384$204$104$52$7
50 years$669$367$191$96$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $685,000, adding $5,565 every year, while hoping to spend $32,267 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: 62/32/6 Blend
66$685,000$685,000$685,000$685,000
67$760,610$724,305$713,688$806,605
68$803,861$725,464$703,265$839,142
69$850,441$725,599$691,411$870,365
70$900,657$724,624$678,044$903,609
71$954,845$722,452$663,079$939,068
72$1,013,373$718,985$646,426$976,956
73$1,076,646$714,125$627,990$1,017,511
74$1,145,111$707,764$607,675$1,060,996
75$1,219,256$699,788$585,376$1,107,700
76$1,299,620$690,078$560,986$1,157,945
77$1,386,795$678,506$534,393$1,212,086
78$1,481,433$664,937$505,480$1,270,514
79$1,584,249$649,229$474,123$1,333,664
80$1,696,031$631,230$440,195$1,402,015
81$1,817,646$610,779$403,561$1,476,098
82$1,950,047$587,709$364,082$1,556,498
83$2,094,284$561,838$321,610$1,643,863
84$2,251,510$532,978$275,994$1,738,910
85$2,422,998$500,927$227,073$1,842,428
86$2,610,144$465,474$174,681$1,955,293
87$2,814,490$426,393$118,644$2,078,470
88$3,037,730$383,448$58,780$2,213,026
89$3,281,729$336,388$0$2,360,140
90$3,548,542$284,947$0$2,521,442
91$3,840,430$228,846$0$2,702,080
92$4,159,884$167,790$0$2,899,890
93$4,509,645$101,465$0$3,116,640
94$4,892,734$29,542$0$3,354,283
95$5,312,476$0$0$3,614,974
96$5,772,533$0$0$3,918,110
97$6,276,939$0$0$4,261,924
98$6,830,136$0$0$4,639,048
99$7,437,017$0$0$5,052,824
100$8,102,971$0$0$5,506,935