Can I retire at age 67 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$56,649$56,145$55,652$55,172$54,703$53,294
2 years$28,044$27,522$27,016$26,525$26,049$24,639
3 years$18,510$17,986$17,481$16,995$16,526$15,159
4 years$13,744$13,222$12,722$12,244$11,787$10,473
5 years$10,886$10,366$9,873$9,404$8,960$7,704
6 years$8,980$8,464$7,978$7,521$7,090$5,892
7 years$7,620$7,108$6,630$6,183$5,766$4,626
8 years$6,600$6,093$5,623$5,187$4,783$3,701
9 years$5,807$5,305$4,843$4,418$4,028$3,003
10 years$5,174$4,676$4,222$3,808$3,432$2,463
11 years$4,655$4,163$3,717$3,315$2,952$2,037
12 years$4,224$3,737$3,299$2,907$2,558$1,696
13 years$3,859$3,377$2,947$2,567$2,231$1,419
14 years$3,546$3,069$2,648$2,278$1,955$1,193
15 years$3,276$2,804$2,391$2,032$1,722$1,006
16 years$3,039$2,573$2,168$1,819$1,522$852
17 years$2,831$2,369$1,973$1,635$1,349$722
18 years$2,646$2,189$1,801$1,473$1,200$614
19 years$2,480$2,029$1,648$1,331$1,069$523
20 years$2,331$1,885$1,513$1,206$955$446
21 years$2,197$1,756$1,392$1,094$855$380
22 years$2,075$1,639$1,283$995$766$325
23 years$1,964$1,533$1,184$906$688$278
24 years$1,862$1,437$1,095$826$618$238
25 years$1,769$1,348$1,014$755$556$204
26 years$1,682$1,267$941$690$501$175
27 years$1,603$1,192$874$632$452$150
28 years$1,529$1,124$812$579$408$129
29 years$1,460$1,060$756$531$368$110
30 years$1,396$1,001$704$487$333$95
31 years$1,337$946$656$447$301$81
32 years$1,281$895$612$411$272$70
33 years$1,229$848$572$378$246$60
34 years$1,179$804$534$348$223$51
35 years$1,133$762$499$320$202$44
36 years$1,090$724$467$295$183$38
37 years$1,048$687$437$272$166$33
38 years$1,010$653$409$250$150$28
39 years$973$621$384$231$136$24
40 years$938$591$360$213$124$21
41 years$905$562$337$196$112$18
42 years$873$536$316$181$102$15
43 years$844$510$297$167$92$13
44 years$815$486$279$155$84$11
45 years$788$464$262$143$76$10
46 years$762$443$246$132$69$8
47 years$737$422$231$122$63$7
48 years$714$403$217$113$57$6
49 years$691$385$204$104$52$5
50 years$670$368$192$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $686,000, adding $2,001 every year, while hoping to spend $50,582 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: 57/23/20 Blend
66$686,000$686,000$686,000$686,000
67$758,036$721,678$711,045$797,088
68$781,537$703,221$681,046$805,449
69$805,739$682,165$648,347$808,942
70$830,662$658,328$612,804$811,632
71$856,323$631,520$574,266$813,454
72$882,741$601,537$532,577$814,338
73$909,934$568,166$487,572$814,212
74$937,921$531,180$439,079$812,995
75$966,721$490,340$386,920$810,606
76$996,352$445,392$330,908$806,956
77$1,026,833$396,069$270,846$801,953
78$1,058,181$342,088$206,531$795,497
79$1,090,416$283,150$137,750$787,484
80$1,123,553$218,940$64,280$777,802
81$1,157,612$149,124$0$766,335
82$1,192,607$73,350$0$755,971
83$1,228,554$0$0$758,400
84$1,265,469$0$0$762,020
85$1,303,364$0$0$784,788
86$1,342,252$0$0$808,147
87$1,382,145$0$0$832,103
88$1,423,050$0$0$856,661
89$1,464,975$0$0$881,824
90$1,507,925$0$0$907,593
91$1,551,902$0$0$933,970
92$1,596,905$0$0$960,951
93$1,642,929$0$0$988,534
94$1,689,967$0$0$1,016,712
95$1,738,006$0$0$1,045,475
96$1,787,028$0$0$1,074,811
97$1,837,010$0$0$1,104,704
98$1,887,923$0$0$1,135,135
99$1,939,731$0$0$1,166,079
100$1,992,389$0$0$1,197,507