Can I retire at age 67 with 685,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.1%
1 years$56,567$56,063$55,571$55,091$54,623$53,918
2 years$28,003$27,482$26,976$26,486$26,011$25,302
3 years$18,483$17,960$17,455$16,970$16,502$15,811
4 years$13,724$13,202$12,703$12,226$11,770$11,101
5 years$10,870$10,351$9,858$9,391$8,947$8,304
6 years$8,967$8,452$7,967$7,510$7,080$6,462
7 years$7,609$7,098$6,620$6,174$5,758$5,166
8 years$6,591$6,084$5,615$5,179$4,776$4,211
9 years$5,799$5,298$4,836$4,412$4,022$3,483
10 years$5,166$4,670$4,216$3,803$3,427$2,913
11 years$4,649$4,157$3,712$3,310$2,948$2,458
12 years$4,218$3,731$3,294$2,903$2,554$2,089
13 years$3,853$3,372$2,943$2,563$2,227$1,786
14 years$3,541$3,065$2,644$2,275$1,953$1,534
15 years$3,271$2,800$2,387$2,029$1,719$1,323
16 years$3,035$2,569$2,165$1,817$1,519$1,145
17 years$2,827$2,366$1,970$1,632$1,347$994
18 years$2,642$2,186$1,798$1,471$1,198$865
19 years$2,477$2,026$1,646$1,329$1,068$754
20 years$2,328$1,883$1,511$1,204$954$658
21 years$2,194$1,754$1,390$1,093$853$576
22 years$2,072$1,637$1,281$993$765$504
23 years$1,961$1,531$1,182$905$687$442
24 years$1,859$1,434$1,094$825$617$388
25 years$1,766$1,346$1,013$754$555$341
26 years$1,680$1,265$939$689$500$300
27 years$1,600$1,191$872$631$451$264
28 years$1,527$1,122$811$578$407$232
29 years$1,458$1,058$755$530$368$205
30 years$1,394$1,000$703$486$332$180
31 years$1,335$945$655$447$300$159
32 years$1,279$894$611$410$272$140
33 years$1,227$847$571$377$246$124
34 years$1,178$803$533$347$223$109
35 years$1,131$761$499$320$202$96
36 years$1,088$722$467$294$183$85
37 years$1,047$686$437$271$166$75
38 years$1,008$652$409$250$150$66
39 years$971$620$383$231$136$59
40 years$937$590$359$213$123$52
41 years$903$562$337$196$112$46
42 years$872$535$316$181$102$40
43 years$842$510$296$167$92$36
44 years$814$486$278$154$84$32
45 years$787$463$261$143$76$28
46 years$761$442$245$132$69$25
47 years$736$422$230$122$63$22
48 years$713$403$217$112$57$19
49 years$690$384$204$104$52$17
50 years$669$367$191$96$47$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $685,000, adding $6,056 every year, while hoping to spend $36,910 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: 39/38/23 Blend
66$685,000$685,000$685,000$685,000
67$761,117$724,812$714,194$785,392
68$799,479$721,056$698,848$799,743
69$840,517$715,878$681,750$811,334
70$884,464$709,171$662,804$823,129
71$931,578$700,819$641,906$835,168
72$982,140$690,701$618,951$847,498
73$1,036,459$678,685$593,827$860,174
74$1,094,874$664,637$566,416$873,259
75$1,157,757$648,410$536,597$886,827
76$1,225,517$629,851$504,242$900,962
77$1,298,603$608,797$469,217$915,760
78$1,377,509$585,077$431,384$931,331
79$1,462,776$558,507$390,597$947,802
80$1,555,000$528,895$346,703$965,316
81$1,654,837$496,037$299,544$984,034
82$1,763,005$459,718$248,954$1,004,142
83$1,880,297$419,709$194,759$1,025,847
84$2,007,583$375,770$136,779$1,049,386
85$2,145,820$327,647$74,824$1,075,021
86$2,296,061$275,069$8,699$1,103,054
87$2,459,465$217,753$0$1,133,818
88$2,637,306$155,399$0$1,182,876
89$2,830,987$87,689$0$1,238,730
90$3,042,051$14,288$0$1,299,775
91$3,272,195$0$0$1,366,598
92$3,523,290$0$0$1,467,100
93$3,797,392$0$0$1,583,418
94$4,096,766$0$0$1,710,552
95$4,423,906$0$0$1,849,570
96$4,781,557$0$0$2,001,652
97$5,172,739$0$0$2,168,093
98$5,600,781$0$0$2,350,323
99$6,069,347$0$0$2,549,915
100$6,582,471$0$0$2,768,600