Can I retire at age 67 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$56,732$56,226$55,733$55,252$54,782$54,278
2 years$28,085$27,562$27,055$26,564$26,087$25,579
3 years$18,537$18,012$17,506$17,020$16,551$16,054
4 years$13,764$13,241$12,740$12,262$11,804$11,324
5 years$10,901$10,381$9,887$9,418$8,973$8,510
6 years$8,993$8,477$7,990$7,532$7,100$6,655
7 years$7,631$7,119$6,640$6,192$5,774$5,347
8 years$6,610$6,102$5,631$5,195$4,790$4,381
9 years$5,816$5,313$4,850$4,425$4,034$3,642
10 years$5,181$4,683$4,228$3,814$3,437$3,063
11 years$4,662$4,169$3,723$3,319$2,956$2,599
12 years$4,230$3,742$3,304$2,912$2,562$2,222
13 years$3,864$3,382$2,952$2,570$2,234$1,911
14 years$3,552$3,074$2,652$2,282$1,958$1,651
15 years$3,281$2,808$2,394$2,035$1,724$1,433
16 years$3,044$2,576$2,171$1,822$1,524$1,248
17 years$2,835$2,373$1,975$1,637$1,351$1,090
18 years$2,649$2,192$1,803$1,475$1,201$954
19 years$2,484$2,032$1,651$1,333$1,071$837
20 years$2,335$1,888$1,515$1,207$956$736
21 years$2,200$1,759$1,394$1,096$856$648
22 years$2,078$1,642$1,284$996$767$572
23 years$1,967$1,535$1,186$907$689$505
24 years$1,865$1,439$1,097$828$619$446
25 years$1,771$1,350$1,016$756$557$395
26 years$1,685$1,269$942$691$502$350
27 years$1,605$1,194$875$633$452$310
28 years$1,531$1,125$813$580$408$275
29 years$1,462$1,062$757$531$369$244
30 years$1,398$1,003$705$488$333$216
31 years$1,339$948$657$448$301$192
32 years$1,283$897$613$412$272$171
33 years$1,230$849$573$379$246$152
34 years$1,181$805$535$348$223$135
35 years$1,135$763$500$321$202$120
36 years$1,091$725$468$295$183$107
37 years$1,050$688$438$272$166$95
38 years$1,011$654$410$251$150$84
39 years$974$622$384$231$136$75
40 years$939$592$360$213$124$67
41 years$906$563$338$197$112$60
42 years$875$536$317$182$102$53
43 years$845$511$297$168$92$47
44 years$816$487$279$155$84$42
45 years$789$465$262$143$76$37
46 years$763$443$246$132$69$33
47 years$739$423$231$122$63$30
48 years$715$404$217$113$57$26
49 years$692$386$204$104$52$24
50 years$671$368$192$96$47$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $687,000, adding $6,967 every year, while hoping to spend $40,638 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: 35/45/20 Blend
66$687,000$687,000$687,000$687,000
67$764,260$727,849$717,201$786,139
68$798,977$720,276$697,989$795,232
69$835,872$710,969$676,771$800,771
70$875,125$699,801$653,437$805,907
71$916,933$686,636$627,873$810,627
72$961,511$671,332$599,957$814,923
73$1,009,094$653,736$569,564$818,787
74$1,059,939$633,687$536,563$822,215
75$1,114,331$611,015$500,815$825,208
76$1,172,578$585,540$462,178$827,771
77$1,235,021$557,072$420,501$829,915
78$1,302,032$525,407$375,627$831,654
79$1,374,021$490,334$327,392$833,014
80$1,451,438$451,627$275,626$834,025
81$1,534,774$409,047$220,149$834,728
82$1,624,573$362,342$160,776$835,176
83$1,721,429$311,246$97,311$835,430
84$1,825,995$255,477$29,552$835,570
85$1,938,989$194,739$0$835,687
86$2,061,202$128,716$0$845,017
87$2,193,500$57,079$0$861,889
88$2,336,837$0$0$880,193
89$2,492,262$0$0$910,320
90$2,660,928$0$0$973,770
91$2,844,103$0$0$1,042,765
92$3,043,182$0$0$1,117,842
93$3,259,701$0$0$1,199,592
94$3,495,347$0$0$1,288,664
95$3,751,978$0$0$1,385,773
96$4,031,639$0$0$1,491,705
97$4,336,579$0$0$1,607,327
98$4,669,276$0$0$1,733,591
99$5,032,454$0$0$1,871,547
100$5,429,114$0$0$2,022,351