Can I retire at age 67 with 694,000?

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 $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%11.7%
1 years$57,310$56,799$56,301$55,815$55,341$54,946
2 years$28,371$27,843$27,331$26,834$26,353$25,955
3 years$18,726$18,196$17,685$17,193$16,719$16,330
4 years$13,905$13,376$12,870$12,387$11,924$11,547
5 years$11,013$10,487$9,988$9,514$9,065$8,701
6 years$9,085$8,563$8,072$7,608$7,173$6,822
7 years$7,709$7,191$6,707$6,255$5,833$5,497
8 years$6,677$6,164$5,688$5,247$4,839$4,516
9 years$5,875$5,367$4,899$4,470$4,075$3,766
10 years$5,234$4,731$4,271$3,853$3,472$3,177
11 years$4,710$4,212$3,761$3,353$2,986$2,704
12 years$4,273$3,780$3,337$2,941$2,588$2,319
13 years$3,904$3,416$2,982$2,597$2,257$2,000
14 years$3,588$3,105$2,679$2,305$1,978$1,734
15 years$3,314$2,837$2,419$2,056$1,742$1,510
16 years$3,075$2,603$2,193$1,841$1,539$1,319
17 years$2,864$2,397$1,996$1,654$1,365$1,156
18 years$2,676$2,215$1,822$1,490$1,214$1,016
19 years$2,509$2,053$1,668$1,347$1,082$895
20 years$2,359$1,907$1,531$1,220$966$790
21 years$2,223$1,777$1,408$1,107$865$698
22 years$2,099$1,658$1,297$1,006$775$618
23 years$1,987$1,551$1,198$917$696$548
24 years$1,884$1,453$1,108$836$625$486
25 years$1,789$1,364$1,026$763$563$432
26 years$1,702$1,282$952$698$507$384
27 years$1,621$1,206$884$639$457$341
28 years$1,547$1,137$822$585$412$304
29 years$1,477$1,072$765$537$372$271
30 years$1,413$1,013$712$493$336$241
31 years$1,352$957$664$453$304$215
32 years$1,296$906$619$416$275$192
33 years$1,243$858$578$382$249$171
34 years$1,193$813$540$352$225$153
35 years$1,146$771$505$324$204$137
36 years$1,102$732$473$298$185$122
37 years$1,061$695$442$275$168$109
38 years$1,021$661$414$253$152$97
39 years$984$628$388$234$138$87
40 years$949$598$364$215$125$78
41 years$915$569$341$199$113$70
42 years$884$542$320$183$103$62
43 years$853$516$300$169$93$56
44 years$825$492$282$156$85$50
45 years$797$469$265$144$77$45
46 years$771$448$249$133$70$40
47 years$746$427$234$123$63$36
48 years$722$408$219$114$58$32
49 years$699$389$206$105$52$29
50 years$678$372$194$97$48$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $694,000, adding $3,783 every year, while hoping to spend $55,044 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: 66/25/9 Blend
66$694,000$694,000$694,000$694,000
67$768,690$731,908$721,151$817,782
68$788,530$709,205$686,743$828,217
69$808,549$683,545$649,338$832,721
70$828,707$654,725$608,777$836,208
71$848,958$622,529$564,894$838,574
72$869,250$586,731$517,516$839,705
73$889,523$547,091$466,462$839,478
74$909,710$503,354$411,544$837,760
75$929,733$455,251$352,564$834,406
76$949,507$402,499$289,316$829,260
77$968,934$344,799$221,585$822,153
78$987,903$281,832$149,146$812,900
79$1,006,291$213,264$71,764$801,302
80$1,023,960$138,741$0$787,144
81$1,040,755$57,890$0$771,229
82$1,056,501$0$0$759,687
83$1,071,006$0$0$753,535
84$1,084,053$0$0$762,223
85$1,095,401$0$0$769,650
86$1,104,780$0$0$775,619
87$1,111,892$0$0$779,913
88$1,116,403$0$0$782,287
89$1,117,945$0$0$782,473
90$1,116,105$0$0$780,170
91$1,110,428$0$0$775,045
92$1,100,406$0$0$766,730
93$1,085,479$0$0$754,815
94$1,065,024$0$0$738,845
95$1,038,350$0$0$718,318
96$1,004,694$0$0$692,676
97$963,208$0$0$661,304
98$912,955$0$0$623,518
99$852,899$0$0$578,562
100$781,892$0$0$525,602