Can I retire at age 67 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$57,062$56,554$56,058$55,574$55,101$53,466
2 years$28,249$27,722$27,213$26,718$26,239$24,605
3 years$18,645$18,117$17,608$17,119$16,647$15,065
4 years$13,845$13,318$12,814$12,333$11,873$10,356
5 years$10,965$10,441$9,944$9,473$9,025$7,577
6 years$9,046$8,526$8,037$7,576$7,142$5,763
7 years$7,676$7,160$6,678$6,228$5,808$4,500
8 years$6,648$6,138$5,664$5,225$4,818$3,579
9 years$5,850$5,344$4,878$4,450$4,058$2,887
10 years$5,211$4,710$4,253$3,836$3,457$2,353
11 years$4,689$4,193$3,744$3,339$2,973$1,933
12 years$4,255$3,764$3,323$2,928$2,577$1,599
13 years$3,887$3,401$2,969$2,585$2,247$1,329
14 years$3,572$3,092$2,668$2,295$1,970$1,110
15 years$3,300$2,824$2,408$2,047$1,734$929
16 years$3,061$2,591$2,184$1,833$1,533$781
17 years$2,851$2,386$1,987$1,647$1,359$657
18 years$2,665$2,205$1,814$1,484$1,208$555
19 years$2,498$2,044$1,660$1,341$1,077$469
20 years$2,348$1,899$1,524$1,214$962$397
21 years$2,213$1,769$1,402$1,102$861$336
22 years$2,090$1,651$1,292$1,002$772$285
23 years$1,978$1,544$1,193$913$693$242
24 years$1,876$1,447$1,103$832$623$205
25 years$1,782$1,358$1,022$760$560$174
26 years$1,695$1,276$948$695$505$148
27 years$1,614$1,201$880$636$455$126
28 years$1,540$1,132$818$583$411$107
29 years$1,471$1,068$761$535$371$91
30 years$1,407$1,008$709$491$335$78
31 years$1,346$953$661$451$303$66
32 years$1,290$902$617$414$274$56
33 years$1,237$854$576$381$248$48
34 years$1,188$810$538$350$224$41
35 years$1,141$768$503$323$203$35
36 years$1,097$729$471$297$184$30
37 years$1,056$692$440$274$167$25
38 years$1,017$658$412$252$151$22
39 years$980$626$386$233$137$18
40 years$945$595$362$215$124$16
41 years$911$567$340$198$113$13
42 years$880$540$319$183$102$11
43 years$850$514$299$169$93$10
44 years$821$490$281$156$84$8
45 years$794$467$264$144$77$7
46 years$768$446$247$133$70$6
47 years$743$425$233$123$63$5
48 years$719$406$218$113$57$4
49 years$696$388$205$105$52$4
50 years$675$370$193$97$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $691,000, adding $3,652 every year, while hoping to spend $35,499 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: 69/11/20 Blend
66$691,000$691,000$691,000$691,000
67$765,249$728,626$717,916$814,039
68$805,534$726,558$704,195$845,021
69$848,738$723,199$688,825$874,406
70$895,121$718,448$671,713$905,691
71$944,970$712,198$652,762$939,062
72$998,598$704,337$631,870$974,721
73$1,056,348$694,743$608,931$1,012,896
74$1,118,600$683,290$583,835$1,053,837
75$1,185,769$669,842$556,465$1,097,819
76$1,258,310$654,257$526,699$1,145,149
77$1,336,726$636,384$494,412$1,196,165
78$1,421,567$616,062$459,470$1,251,239
79$1,513,440$593,122$421,735$1,310,784
80$1,613,010$567,384$381,062$1,375,256
81$1,721,010$538,659$337,301$1,445,160
82$1,838,246$506,746$290,293$1,521,051
83$1,965,603$471,433$239,874$1,603,546
84$2,104,056$432,494$185,871$1,693,323
85$2,254,677$389,694$128,105$1,791,135
86$2,418,645$342,780$66,388$1,897,809
87$2,597,259$291,488$524$2,014,262
88$2,791,947$235,539$0$2,141,506
89$3,004,280$174,635$0$2,295,546
90$3,235,990$108,465$0$2,463,814
91$3,488,980$36,699$0$2,647,609
92$3,765,347$0$0$2,848,485
93$4,067,399$0$0$3,073,116
94$4,397,676$0$0$3,323,634
95$4,758,978$0$0$3,597,722
96$5,154,383$0$0$3,897,721
97$5,587,284$0$0$4,226,211
98$6,061,417$0$0$4,586,031
99$6,580,894$0$0$4,980,309
100$7,150,246$0$0$5,412,487