Can I retire at age 67 with 688,000?

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 $688,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$56,814$56,308$55,815$55,333$54,862$53,514
2 years$28,126$27,602$27,094$26,602$26,125$24,775
3 years$18,564$18,038$17,532$17,044$16,575$15,265
4 years$13,785$13,260$12,759$12,279$11,821$10,562
5 years$10,917$10,396$9,901$9,432$8,986$7,781
6 years$9,007$8,489$8,002$7,543$7,111$5,961
7 years$7,642$7,129$6,649$6,201$5,783$4,689
8 years$6,619$6,111$5,639$5,202$4,797$3,758
9 years$5,824$5,321$4,857$4,431$4,040$3,055
10 years$5,189$4,690$4,235$3,820$3,442$2,510
11 years$4,669$4,175$3,728$3,324$2,961$2,080
12 years$4,236$3,747$3,309$2,916$2,566$1,735
13 years$3,870$3,387$2,956$2,574$2,237$1,455
14 years$3,557$3,078$2,656$2,285$1,961$1,225
15 years$3,285$2,812$2,398$2,038$1,727$1,036
16 years$3,048$2,580$2,174$1,825$1,526$878
17 years$2,839$2,376$1,978$1,639$1,353$747
18 years$2,653$2,196$1,806$1,477$1,203$636
19 years$2,487$2,035$1,653$1,335$1,072$543
20 years$2,338$1,891$1,517$1,209$958$464
21 years$2,204$1,761$1,396$1,097$857$397
22 years$2,081$1,644$1,286$998$768$340
23 years$1,970$1,538$1,188$909$690$291
24 years$1,868$1,441$1,098$829$620$250
25 years$1,774$1,352$1,017$757$558$215
26 years$1,687$1,271$944$692$502$184
27 years$1,607$1,196$876$633$453$159
28 years$1,533$1,127$814$580$409$136
29 years$1,465$1,063$758$532$369$117
30 years$1,400$1,004$706$488$334$101
31 years$1,341$949$658$449$302$87
32 years$1,285$898$614$412$273$75
33 years$1,232$850$573$379$247$64
34 years$1,183$806$536$349$223$55
35 years$1,136$765$501$321$202$48
36 years$1,093$726$469$296$183$41
37 years$1,051$689$439$272$166$35
38 years$1,012$655$411$251$151$31
39 years$976$623$385$232$137$26
40 years$941$593$361$214$124$23
41 years$907$564$338$197$112$20
42 years$876$537$317$182$102$17
43 years$846$512$298$168$93$15
44 years$817$488$279$155$84$13
45 years$790$465$262$143$76$11
46 years$764$444$246$132$69$9
47 years$740$424$232$122$63$8
48 years$716$404$218$113$57$7
49 years$693$386$204$104$52$6
50 years$672$369$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 $688,000, adding $6,720 every year, while hoping to spend $24,001 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: 67/23/10 Blend
66$688,000$688,000$688,000$688,000
67$765,108$728,644$717,980$814,338
68$817,612$738,810$716,495$858,097
69$874,667$748,671$714,156$902,427
70$936,712$758,185$710,910$950,266
71$1,004,230$767,309$706,698$1,001,954
72$1,077,751$775,997$701,463$1,057,866
73$1,157,861$784,200$695,141$1,118,416
74$1,245,203$791,867$687,669$1,184,060
75$1,340,486$798,939$678,977$1,255,299
76$1,444,487$805,359$668,995$1,332,687
77$1,558,065$811,063$657,647$1,416,836
78$1,682,166$815,982$644,855$1,508,417
79$1,817,827$820,046$630,539$1,608,173
80$1,966,195$823,177$614,611$1,716,922
81$2,128,528$825,295$596,982$1,835,565
82$2,306,216$826,313$577,559$1,965,097
83$2,500,787$826,138$556,244$2,106,615
84$2,713,923$824,674$532,934$2,261,325
85$2,947,477$821,818$507,521$2,430,562
86$3,203,491$817,458$479,894$2,615,793
87$3,484,212$811,479$449,936$2,818,639
88$3,792,118$803,757$417,525$3,040,885
89$4,129,933$794,161$382,531$3,284,500
90$4,500,663$782,551$344,823$3,551,655
91$4,907,616$768,782$304,260$3,844,742
92$5,354,437$752,696$260,696$4,166,400
93$5,845,140$734,128$213,980$4,519,538
94$6,384,148$712,904$163,952$4,907,363
95$6,976,333$688,839$110,446$5,333,411
96$7,627,062$661,735$53,290$5,801,578
97$8,342,249$631,387$0$6,316,163
98$9,128,408$597,574$0$6,882,725
99$9,992,715$560,065$0$7,511,786
100$10,943,078$518,614$0$8,203,433