Can I retire at age 67 with 691,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.3%
1 years$57,062$56,554$56,058$55,574$55,101$53,252
2 years$28,249$27,722$27,213$26,718$26,239$24,394
3 years$18,645$18,117$17,608$17,119$16,647$14,865
4 years$13,845$13,318$12,814$12,333$11,873$10,166
5 years$10,965$10,441$9,944$9,473$9,025$7,400
6 years$9,046$8,526$8,037$7,576$7,142$5,597
7 years$7,676$7,160$6,678$6,228$5,808$4,345
8 years$6,648$6,138$5,664$5,225$4,818$3,436
9 years$5,850$5,344$4,878$4,450$4,058$2,754
10 years$5,211$4,710$4,253$3,836$3,457$2,231
11 years$4,689$4,193$3,744$3,339$2,973$1,821
12 years$4,255$3,764$3,323$2,928$2,577$1,496
13 years$3,887$3,401$2,969$2,585$2,247$1,235
14 years$3,572$3,092$2,668$2,295$1,970$1,024
15 years$3,300$2,824$2,408$2,047$1,734$852
16 years$3,061$2,591$2,184$1,833$1,533$711
17 years$2,851$2,386$1,987$1,647$1,359$594
18 years$2,665$2,205$1,814$1,484$1,208$497
19 years$2,498$2,044$1,660$1,341$1,077$417
20 years$2,348$1,899$1,524$1,214$962$350
21 years$2,213$1,769$1,402$1,102$861$294
22 years$2,090$1,651$1,292$1,002$772$248
23 years$1,978$1,544$1,193$913$693$209
24 years$1,876$1,447$1,103$832$623$176
25 years$1,782$1,358$1,022$760$560$148
26 years$1,695$1,276$948$695$505$125
27 years$1,614$1,201$880$636$455$105
28 years$1,540$1,132$818$583$411$89
29 years$1,471$1,068$761$535$371$75
30 years$1,407$1,008$709$491$335$63
31 years$1,346$953$661$451$303$54
32 years$1,290$902$617$414$274$45
33 years$1,237$854$576$381$248$38
34 years$1,188$810$538$350$224$32
35 years$1,141$768$503$323$203$27
36 years$1,097$729$471$297$184$23
37 years$1,056$692$440$274$167$19
38 years$1,017$658$412$252$151$16
39 years$980$626$386$233$137$14
40 years$945$595$362$215$124$12
41 years$911$567$340$198$113$10
42 years$880$540$319$183$102$8
43 years$850$514$299$169$93$7
44 years$821$490$281$156$84$6
45 years$794$467$264$144$77$5
46 years$768$446$247$133$70$4
47 years$743$425$233$123$63$4
48 years$719$406$218$113$57$3
49 years$696$388$205$105$52$3
50 years$675$370$193$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $691,000, adding $5,754 every year, while hoping to spend $30,179 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: 61/32/7 Blend
66$691,000$691,000$691,000$691,000
67$767,417$730,794$720,084$812,804
68$813,584$734,493$712,096$847,555
69$863,447$737,361$702,830$881,448
70$917,354$739,327$692,210$917,661
71$975,683$740,313$680,157$956,416
72$1,038,851$740,237$666,591$997,961
73$1,107,318$739,012$651,426$1,042,569
74$1,181,587$736,546$634,571$1,090,542
75$1,262,213$732,741$615,933$1,142,212
76$1,349,806$727,493$595,414$1,197,949
77$1,445,037$720,691$572,912$1,258,158
78$1,548,645$712,219$548,318$1,323,289
79$1,661,441$701,952$521,522$1,393,839
80$1,784,320$689,760$492,405$1,470,356
81$1,918,265$675,503$460,845$1,553,445
82$2,064,359$659,033$426,714$1,643,776
83$2,223,793$640,195$389,878$1,742,087
84$2,397,878$618,823$350,198$1,849,196
85$2,588,059$594,743$307,527$1,966,002
86$2,795,925$567,769$261,712$2,093,502
87$3,023,225$537,706$212,596$2,232,795
88$3,271,887$504,346$160,010$2,385,094
89$3,544,031$467,471$103,783$2,551,739
90$3,841,994$426,848$43,731$2,734,211
91$4,168,348$382,235$0$2,934,143
92$4,525,926$333,371$0$3,154,858
93$4,917,848$279,983$0$3,400,411
94$5,347,550$221,783$0$3,669,746
95$5,818,815$158,466$0$3,965,304
96$6,335,813$89,710$0$4,289,779
97$6,903,135$15,174$0$4,646,142
98$7,525,837$0$0$5,037,674
99$8,209,489$0$0$5,491,055
100$8,960,229$0$0$5,994,850