Can I retire at age 67 with 695,000?

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 $695,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$57,392$56,881$56,382$55,896$55,420$54,457
2 years$28,412$27,883$27,370$26,873$26,391$25,424
3 years$18,753$18,222$17,710$17,218$16,743$15,802
4 years$13,925$13,395$12,889$12,404$11,941$11,034
5 years$11,028$10,502$10,002$9,528$9,078$8,206
6 years$9,098$8,576$8,083$7,619$7,183$6,348
7 years$7,720$7,202$6,717$6,264$5,842$5,044
8 years$6,687$6,173$5,697$5,255$4,846$4,085
9 years$5,884$5,375$4,907$4,476$4,081$3,357
10 years$5,241$4,738$4,278$3,858$3,477$2,789
11 years$4,716$4,218$3,766$3,358$2,991$2,337
12 years$4,279$3,786$3,342$2,945$2,592$1,973
13 years$3,909$3,421$2,986$2,600$2,260$1,674
14 years$3,593$3,110$2,683$2,308$1,981$1,428
15 years$3,319$2,841$2,422$2,059$1,744$1,222
16 years$3,079$2,606$2,196$1,843$1,542$1,049
17 years$2,868$2,400$1,998$1,656$1,367$904
18 years$2,680$2,218$1,824$1,493$1,215$780
19 years$2,513$2,056$1,670$1,349$1,083$675
20 years$2,362$1,910$1,533$1,221$968$584
21 years$2,226$1,779$1,410$1,109$866$507
22 years$2,102$1,661$1,299$1,008$776$440
23 years$1,990$1,553$1,200$918$697$383
24 years$1,887$1,455$1,110$837$626$333
25 years$1,792$1,366$1,028$765$564$290
26 years$1,705$1,284$953$699$508$253
27 years$1,624$1,208$885$640$458$221
28 years$1,549$1,138$823$586$413$192
29 years$1,479$1,074$766$538$373$168
30 years$1,415$1,014$713$493$337$147
31 years$1,354$959$665$453$305$128
32 years$1,298$907$620$416$276$112
33 years$1,245$859$579$383$249$98
34 years$1,195$814$541$352$226$86
35 years$1,148$772$506$324$204$75
36 years$1,104$733$473$299$185$65
37 years$1,062$696$443$275$168$57
38 years$1,023$662$415$254$152$50
39 years$985$629$389$234$138$44
40 years$950$599$364$216$125$38
41 years$917$570$342$199$114$34
42 years$885$543$320$184$103$29
43 years$855$517$301$170$94$26
44 years$826$493$282$157$85$23
45 years$798$470$265$145$77$20
46 years$772$448$249$134$70$17
47 years$747$428$234$123$64$15
48 years$723$408$220$114$58$13
49 years$700$390$207$105$52$12
50 years$679$373$194$97$48$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $695,000, adding $3,095 every year, while hoping to spend $32,067 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: 66/15/19 Blend
66$695,000$695,000$695,000$695,000
67$769,082$732,247$721,475$816,002
68$813,410$734,009$711,525$849,589
69$861,184$734,781$700,168$882,314
70$912,722$734,483$687,321$917,320
71$968,374$733,027$672,900$954,828
72$1,028,523$730,320$656,817$995,087
73$1,093,590$726,263$638,978$1,038,369
74$1,164,039$720,753$619,287$1,084,976
75$1,240,379$713,678$597,641$1,135,241
76$1,323,171$704,921$573,935$1,189,532
77$1,413,029$694,358$548,057$1,248,256
78$1,510,633$681,856$519,892$1,311,862
79$1,616,727$667,276$489,317$1,380,847
80$1,732,130$650,470$456,207$1,455,759
81$1,857,746$631,281$420,428$1,537,203
82$1,994,566$609,544$381,842$1,625,848
83$2,143,682$585,082$340,304$1,722,432
84$2,306,297$557,710$295,664$1,827,771
85$2,483,733$527,232$247,762$1,942,765
86$2,677,447$493,439$196,435$2,068,408
87$2,889,041$456,112$141,511$2,205,798
88$3,120,280$415,019$82,809$2,356,147
89$3,373,108$369,914$20,142$2,520,793
90$3,649,662$320,537$0$2,701,211
91$3,952,299$266,615$0$2,908,508
92$4,283,611$207,857$0$3,139,979
93$4,646,455$143,957$0$3,393,567
94$5,043,975$74,593$0$3,671,508
95$5,479,636$0$0$3,976,267
96$5,957,250$0$0$4,310,656
97$6,481,020$0$0$4,690,906
98$7,055,572$0$0$5,108,069
99$7,686,004$0$0$5,565,852
100$8,377,929$0$0$6,068,336