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%16%
1 years$57,392$56,881$56,382$55,896$55,420$54,059
2 years$28,412$27,883$27,370$26,873$26,391$25,027
3 years$18,753$18,222$17,710$17,218$16,743$15,421
4 years$13,925$13,395$12,889$12,404$11,941$10,670
5 years$11,028$10,502$10,002$9,528$9,078$7,861
6 years$9,098$8,576$8,083$7,619$7,183$6,022
7 years$7,720$7,202$6,717$6,264$5,842$4,736
8 years$6,687$6,173$5,697$5,255$4,846$3,796
9 years$5,884$5,375$4,907$4,476$4,081$3,086
10 years$5,241$4,738$4,278$3,858$3,477$2,535
11 years$4,716$4,218$3,766$3,358$2,991$2,101
12 years$4,279$3,786$3,342$2,945$2,592$1,752
13 years$3,909$3,421$2,986$2,600$2,260$1,470
14 years$3,593$3,110$2,683$2,308$1,981$1,238
15 years$3,319$2,841$2,422$2,059$1,744$1,046
16 years$3,079$2,606$2,196$1,843$1,542$887
17 years$2,868$2,400$1,998$1,656$1,367$754
18 years$2,680$2,218$1,824$1,493$1,215$642
19 years$2,513$2,056$1,670$1,349$1,083$548
20 years$2,362$1,910$1,533$1,221$968$469
21 years$2,226$1,779$1,410$1,109$866$401
22 years$2,102$1,661$1,299$1,008$776$343
23 years$1,990$1,553$1,200$918$697$294
24 years$1,887$1,455$1,110$837$626$253
25 years$1,792$1,366$1,028$765$564$217
26 years$1,705$1,284$953$699$508$186
27 years$1,624$1,208$885$640$458$160
28 years$1,549$1,138$823$586$413$138
29 years$1,479$1,074$766$538$373$118
30 years$1,415$1,014$713$493$337$102
31 years$1,354$959$665$453$305$88
32 years$1,298$907$620$416$276$76
33 years$1,245$859$579$383$249$65
34 years$1,195$814$541$352$226$56
35 years$1,148$772$506$324$204$48
36 years$1,104$733$473$299$185$42
37 years$1,062$696$443$275$168$36
38 years$1,023$662$415$254$152$31
39 years$985$629$389$234$138$27
40 years$950$599$364$216$125$23
41 years$917$570$342$199$114$20
42 years$885$543$320$184$103$17
43 years$855$517$301$170$94$15
44 years$826$493$282$157$85$13
45 years$798$470$265$145$77$11
46 years$772$448$249$134$70$9
47 years$747$428$234$123$64$8
48 years$723$408$220$114$58$7
49 years$700$390$207$105$52$6
50 years$679$373$194$97$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $695,000, adding $3,837 every year, while hoping to spend $21,332 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: 24/50/26 Blend
66$695,000$695,000$695,000$695,000
67$769,848$733,013$722,240$781,919
68$825,675$746,233$723,738$805,559
69$886,482$759,387$724,572$828,805
70$952,754$772,447$724,695$853,259
71$1,025,024$785,387$724,062$879,034
72$1,103,882$798,176$722,623$906,256
73$1,189,974$810,782$720,327$935,068
74$1,284,012$823,171$717,119$965,623
75$1,386,781$835,307$712,942$998,096
76$1,499,144$847,148$707,737$1,032,677
77$1,622,051$858,653$701,441$1,069,579
78$1,756,550$869,777$693,989$1,109,038
79$1,903,793$880,471$685,313$1,151,315
80$2,065,050$890,683$675,340$1,196,698
81$2,241,717$900,359$663,996$1,245,509
82$2,435,334$909,439$651,202$1,298,103
83$2,647,596$917,859$636,875$1,354,873
84$2,880,371$925,554$620,930$1,416,255
85$3,135,714$932,452$603,277$1,482,730
86$3,415,891$938,476$583,821$1,554,833
87$3,723,397$943,546$562,464$1,633,154
88$4,060,979$947,576$539,102$1,718,348
89$4,431,666$950,474$513,629$1,811,139
90$4,838,791$952,142$485,930$1,912,327
91$5,286,028$952,478$455,890$2,022,798
92$5,777,425$951,371$423,384$2,143,531
93$6,317,438$948,704$388,284$2,275,610
94$6,910,981$944,355$350,455$2,420,234
95$7,563,464$938,191$309,758$2,578,727
96$8,280,849$930,074$266,046$2,752,552
97$9,069,702$919,855$219,166$2,943,329
98$9,937,262$907,377$168,958$3,152,847
99$10,891,500$892,476$115,255$3,383,082
100$11,941,200$874,974$57,883$3,636,219