Can I retire at age 67 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$56,980$56,472$55,977$55,494$55,022$54,357
2 years$28,208$27,682$27,173$26,680$26,201$25,531
3 years$18,618$18,091$17,583$17,094$16,623$15,970
4 years$13,825$13,299$12,796$12,315$11,856$11,224
5 years$10,949$10,426$9,930$9,459$9,012$8,405
6 years$9,033$8,514$8,025$7,565$7,131$6,548
7 years$7,664$7,150$6,669$6,219$5,800$5,240
8 years$6,639$6,129$5,656$5,217$4,811$4,276
9 years$5,841$5,336$4,871$4,444$4,052$3,541
10 years$5,204$4,704$4,247$3,831$3,452$2,965
11 years$4,682$4,187$3,739$3,334$2,969$2,505
12 years$4,248$3,758$3,318$2,924$2,573$2,132
13 years$3,881$3,396$2,965$2,582$2,244$1,825
14 years$3,567$3,087$2,664$2,292$1,967$1,570
15 years$3,295$2,820$2,405$2,044$1,732$1,356
16 years$3,057$2,588$2,180$1,830$1,531$1,175
17 years$2,847$2,383$1,984$1,644$1,357$1,021
18 years$2,661$2,202$1,811$1,482$1,207$890
19 years$2,495$2,041$1,658$1,339$1,075$777
20 years$2,345$1,896$1,522$1,213$961$679
21 years$2,210$1,766$1,400$1,101$860$595
22 years$2,087$1,649$1,290$1,001$771$522
23 years$1,975$1,542$1,191$911$692$459
24 years$1,873$1,445$1,102$831$622$403
25 years$1,779$1,356$1,020$759$559$355
26 years$1,692$1,274$946$694$504$312
27 years$1,612$1,199$879$635$454$275
28 years$1,538$1,130$817$582$410$243
29 years$1,469$1,066$760$534$370$214
30 years$1,405$1,007$708$490$334$189
31 years$1,345$952$660$450$302$167
32 years$1,288$901$616$413$274$147
33 years$1,236$853$575$380$248$130
34 years$1,186$808$537$350$224$115
35 years$1,140$767$502$322$203$102
36 years$1,096$728$470$297$184$90
37 years$1,055$691$440$273$167$80
38 years$1,015$657$412$252$151$70
39 years$978$625$386$232$137$62
40 years$943$594$362$214$124$55
41 years$910$566$339$198$113$49
42 years$878$539$318$182$102$43
43 years$848$513$299$168$93$38
44 years$820$489$280$155$84$34
45 years$793$467$263$144$77$30
46 years$767$445$247$133$69$27
47 years$742$425$232$123$63$23
48 years$718$406$218$113$57$21
49 years$695$387$205$105$52$18
50 years$674$370$193$97$47$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $690,000, adding $2,904 every year, while hoping to spend $49,073 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$690,000$690,000$690,000$690,000
67$763,375$726,805$716,110$787,828
68$789,026$710,206$687,887$789,176
69$815,649$691,148$657,073$785,805
70$843,291$669,459$623,530$781,178
71$872,002$644,958$587,114$775,210
72$901,837$617,452$547,673$767,812
73$932,852$586,735$505,048$758,889
74$965,111$552,593$459,075$748,342
75$998,679$514,797$409,581$736,069
76$1,033,628$473,105$356,385$721,960
77$1,070,033$427,263$299,300$705,902
78$1,107,978$377,000$238,127$687,777
79$1,147,550$322,031$172,663$667,460
80$1,188,845$262,056$102,692$644,820
81$1,231,965$196,755$27,991$619,724
82$1,277,023$125,793$0$592,028
83$1,324,138$48,815$0$574,279
84$1,373,439$0$0$561,786
85$1,425,067$0$0$562,023
86$1,479,175$0$0$583,688
87$1,535,928$0$0$606,440
88$1,595,505$0$0$630,355
89$1,658,100$0$0$655,513
90$1,723,925$0$0$682,004
91$1,793,211$0$0$709,926
92$1,866,207$0$0$739,385
93$1,943,186$0$0$770,495
94$2,024,447$0$0$803,382
95$2,110,311$0$0$838,185
96$2,201,135$0$0$875,052
97$2,297,303$0$0$914,148
98$2,399,237$0$0$955,652
99$2,507,398$0$0$999,759
100$2,622,289$0$0$1,046,685