Can I retire at age 67 with 694,000?

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 $694,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$57,310$56,799$56,301$55,815$55,341$53,313
2 years$28,371$27,843$27,331$26,834$26,353$24,333
3 years$18,726$18,196$17,685$17,193$16,719$14,770
4 years$13,905$13,376$12,870$12,387$11,924$10,061
5 years$11,013$10,487$9,988$9,514$9,065$7,292
6 years$9,085$8,563$8,072$7,608$7,173$5,492
7 years$7,709$7,191$6,707$6,255$5,833$4,244
8 years$6,677$6,164$5,688$5,247$4,839$3,340
9 years$5,875$5,367$4,899$4,470$4,075$2,664
10 years$5,234$4,731$4,271$3,853$3,472$2,147
11 years$4,710$4,212$3,761$3,353$2,986$1,744
12 years$4,273$3,780$3,337$2,941$2,588$1,425
13 years$3,904$3,416$2,982$2,597$2,257$1,170
14 years$3,588$3,105$2,679$2,305$1,978$965
15 years$3,314$2,837$2,419$2,056$1,742$798
16 years$3,075$2,603$2,193$1,841$1,539$662
17 years$2,864$2,397$1,996$1,654$1,365$550
18 years$2,676$2,215$1,822$1,490$1,214$458
19 years$2,509$2,053$1,668$1,347$1,082$382
20 years$2,359$1,907$1,531$1,220$966$318
21 years$2,223$1,777$1,408$1,107$865$266
22 years$2,099$1,658$1,297$1,006$775$222
23 years$1,987$1,551$1,198$917$696$186
24 years$1,884$1,453$1,108$836$625$156
25 years$1,789$1,364$1,026$763$563$130
26 years$1,702$1,282$952$698$507$109
27 years$1,621$1,206$884$639$457$92
28 years$1,547$1,137$822$585$412$77
29 years$1,477$1,072$765$537$372$64
30 years$1,413$1,013$712$493$336$54
31 years$1,352$957$664$453$304$45
32 years$1,296$906$619$416$275$38
33 years$1,243$858$578$382$249$32
34 years$1,193$813$540$352$225$27
35 years$1,146$771$505$324$204$22
36 years$1,102$732$473$298$185$19
37 years$1,061$695$442$275$168$16
38 years$1,021$661$414$253$152$13
39 years$984$628$388$234$138$11
40 years$949$598$364$215$125$9
41 years$915$569$341$199$113$8
42 years$884$542$320$183$103$7
43 years$853$516$300$169$93$6
44 years$825$492$282$156$85$5
45 years$797$469$265$144$77$4
46 years$771$448$249$133$70$3
47 years$746$427$234$123$63$3
48 years$722$408$219$114$58$2
49 years$699$389$206$105$52$2
50 years$678$372$194$97$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $694,000, adding $2,504 every year, while hoping to spend $36,957 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: 55/18/27 Blend
66$694,000$694,000$694,000$694,000
67$767,371$730,589$719,832$803,728
68$806,321$727,066$704,624$825,526
69$848,005$722,131$687,669$845,219
70$892,663$715,678$668,867$865,916
71$940,559$707,590$648,118$887,726
72$991,980$697,746$625,314$910,771
73$1,047,244$686,018$600,345$935,188
74$1,106,699$672,268$573,092$961,130
75$1,170,726$656,353$543,434$988,766
76$1,239,745$638,119$511,244$1,018,287
77$1,314,216$617,405$476,388$1,049,903
78$1,394,646$594,037$438,727$1,083,852
79$1,481,591$567,836$398,115$1,120,394
80$1,575,662$538,609$354,401$1,159,822
81$1,677,531$506,152$307,425$1,202,461
82$1,787,936$470,251$257,021$1,248,672
83$1,907,692$430,679$203,017$1,298,855
84$2,037,690$387,196$145,232$1,353,457
85$2,178,913$339,547$83,476$1,412,973
86$2,332,442$287,465$17,553$1,477,953
87$2,499,467$230,667$0$1,549,006
88$2,681,295$168,852$0$1,642,021
89$2,879,367$101,705$0$1,748,921
90$3,095,266$28,893$0$1,865,542
91$3,330,736$0$0$1,992,873
92$3,587,697$0$0$2,141,898
93$3,868,260$0$0$2,310,921
94$4,174,751$0$0$2,495,625
95$4,509,730$0$0$2,697,563
96$4,876,015$0$0$2,918,442
97$5,276,710$0$0$3,160,140
98$5,715,230$0$0$3,424,728
99$6,195,339$0$0$3,714,485
100$6,721,180$0$0$4,031,920