Can I retire at age 67 with 686,000?

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 $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%13.4%
1 years$56,649$56,145$55,652$55,172$54,703$53,930
2 years$28,044$27,522$27,016$26,525$26,049$25,272
3 years$18,510$17,986$17,481$16,995$16,526$15,769
4 years$13,744$13,222$12,722$12,244$11,787$11,055
5 years$10,886$10,366$9,873$9,404$8,960$8,256
6 years$8,980$8,464$7,978$7,521$7,090$6,415
7 years$7,620$7,108$6,630$6,183$5,766$5,120
8 years$6,600$6,093$5,623$5,187$4,783$4,166
9 years$5,807$5,305$4,843$4,418$4,028$3,439
10 years$5,174$4,676$4,222$3,808$3,432$2,871
11 years$4,655$4,163$3,717$3,315$2,952$2,419
12 years$4,224$3,737$3,299$2,907$2,558$2,052
13 years$3,859$3,377$2,947$2,567$2,231$1,751
14 years$3,546$3,069$2,648$2,278$1,955$1,501
15 years$3,276$2,804$2,391$2,032$1,722$1,292
16 years$3,039$2,573$2,168$1,819$1,522$1,115
17 years$2,831$2,369$1,973$1,635$1,349$966
18 years$2,646$2,189$1,801$1,473$1,200$839
19 years$2,480$2,029$1,648$1,331$1,069$730
20 years$2,331$1,885$1,513$1,206$955$636
21 years$2,197$1,756$1,392$1,094$855$555
22 years$2,075$1,639$1,283$995$766$485
23 years$1,964$1,533$1,184$906$688$424
24 years$1,862$1,437$1,095$826$618$372
25 years$1,769$1,348$1,014$755$556$326
26 years$1,682$1,267$941$690$501$286
27 years$1,603$1,192$874$632$452$251
28 years$1,529$1,124$812$579$408$220
29 years$1,460$1,060$756$531$368$193
30 years$1,396$1,001$704$487$333$170
31 years$1,337$946$656$447$301$150
32 years$1,281$895$612$411$272$132
33 years$1,229$848$572$378$246$116
34 years$1,179$804$534$348$223$102
35 years$1,133$762$499$320$202$90
36 years$1,090$724$467$295$183$79
37 years$1,048$687$437$272$166$70
38 years$1,010$653$409$250$150$61
39 years$973$621$384$231$136$54
40 years$938$591$360$213$124$48
41 years$905$562$337$196$112$42
42 years$873$536$316$181$102$37
43 years$844$510$297$167$92$33
44 years$815$486$279$155$84$29
45 years$788$464$262$143$76$25
46 years$762$443$246$132$69$22
47 years$737$422$231$122$63$20
48 years$714$403$217$113$57$17
49 years$691$385$204$104$52$15
50 years$670$368$192$96$47$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $686,000, adding $4,487 every year, while hoping to spend $24,306 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: 71/8/21 Blend
66$686,000$686,000$686,000$686,000
67$760,600$724,242$713,609$810,380
68$812,320$733,869$711,654$853,772
69$868,501$743,152$708,818$897,960
70$929,572$752,051$705,047$945,742
71$996,005$760,518$700,283$997,469
72$1,068,320$768,506$694,466$1,053,532
73$1,147,089$775,964$687,531$1,114,361
74$1,232,942$782,835$679,412$1,180,427
75$1,326,570$789,062$670,041$1,252,254
76$1,428,736$794,582$659,343$1,330,417
77$1,540,279$799,328$647,243$1,415,550
78$1,662,122$803,231$633,661$1,508,352
79$1,795,283$806,213$618,512$1,609,594
80$1,940,880$808,196$601,711$1,720,128
81$2,100,146$809,094$583,165$1,840,890
82$2,274,438$808,816$562,778$1,972,913
83$2,465,251$807,268$540,450$2,117,337
84$2,674,229$804,347$516,078$2,275,419
85$2,903,184$799,944$489,551$2,448,544
86$3,154,114$793,945$460,755$2,638,238
87$3,429,214$786,229$429,571$2,846,184
88$3,730,905$776,666$395,874$3,074,241
89$4,061,855$765,120$359,533$3,324,452
90$4,424,999$751,446$320,412$3,599,075
91$4,823,572$735,490$278,368$3,900,597
92$5,261,137$717,089$233,254$4,231,760
93$5,741,618$696,073$184,914$4,595,586
94$6,269,340$672,257$133,186$4,995,408
95$6,849,065$645,450$77,900$5,434,900
96$7,486,040$615,447$18,880$5,918,112
97$8,186,045$582,033$0$6,449,508
98$8,955,448$544,979$0$7,043,892
99$9,801,265$504,044$0$7,701,965
100$10,731,224$458,972$0$8,425,516