Can I retire at age 67 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$57,558$57,045$56,545$56,056$55,580$54,148
2 years$28,494$27,963$27,449$26,950$26,467$25,034
3 years$18,807$18,274$17,761$17,267$16,791$15,402
4 years$13,965$13,434$12,926$12,440$11,976$10,641
5 years$11,060$10,532$10,031$9,555$9,104$7,827
6 years$9,124$8,600$8,106$7,641$7,204$5,986
7 years$7,742$7,222$6,736$6,282$5,858$4,700
8 years$6,706$6,191$5,713$5,270$4,860$3,761
9 years$5,901$5,390$4,921$4,489$4,093$3,052
10 years$5,257$4,751$4,290$3,870$3,487$2,503
11 years$4,730$4,230$3,777$3,368$2,999$2,070
12 years$4,291$3,796$3,352$2,954$2,599$1,723
13 years$3,921$3,431$2,995$2,608$2,266$1,442
14 years$3,603$3,119$2,691$2,315$1,987$1,212
15 years$3,328$2,849$2,429$2,065$1,749$1,023
16 years$3,088$2,614$2,203$1,849$1,546$865
17 years$2,876$2,407$2,004$1,661$1,371$734
18 years$2,688$2,224$1,830$1,497$1,219$624
19 years$2,520$2,062$1,675$1,353$1,086$531
20 years$2,369$1,916$1,537$1,225$970$453
21 years$2,232$1,784$1,414$1,112$868$387
22 years$2,108$1,666$1,303$1,011$778$330
23 years$1,995$1,558$1,203$921$699$283
24 years$1,892$1,460$1,113$840$628$242
25 years$1,797$1,370$1,031$767$565$207
26 years$1,709$1,287$956$701$509$178
27 years$1,628$1,212$888$642$459$152
28 years$1,553$1,142$825$588$414$131
29 years$1,484$1,077$768$539$374$112
30 years$1,419$1,017$715$495$338$96
31 years$1,358$962$667$454$305$83
32 years$1,301$910$622$418$276$71
33 years$1,248$862$581$384$250$61
34 years$1,198$817$543$353$226$52
35 years$1,151$775$507$325$205$45
36 years$1,107$735$475$300$186$39
37 years$1,065$698$444$276$168$33
38 years$1,026$664$416$254$153$29
39 years$988$631$390$235$138$25
40 years$953$600$365$216$126$21
41 years$919$571$343$200$114$18
42 years$887$544$321$184$103$16
43 years$857$519$302$170$94$13
44 years$828$494$283$157$85$12
45 years$801$471$266$145$77$10
46 years$774$450$250$134$70$9
47 years$749$429$235$124$64$7
48 years$725$410$220$114$58$6
49 years$702$391$207$106$53$5
50 years$681$374$195$98$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $697,000, adding $3,885 every year, while hoping to spend $24,802 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: 63/12/25 Blend
66$697,000$697,000$697,000$697,000
67$772,101$735,160$724,357$815,422
68$824,467$744,794$722,234$854,828
69$881,342$754,069$719,208$894,765
70$943,161$762,940$715,224$937,838
71$1,010,401$771,362$710,221$984,357
72$1,083,587$779,284$704,139$1,034,665
73$1,163,297$786,653$696,912$1,089,139
74$1,250,167$793,413$688,473$1,148,196
75$1,344,897$799,503$678,749$1,212,296
76$1,448,256$804,858$667,666$1,281,945
77$1,561,092$809,410$655,147$1,357,705
78$1,684,339$813,087$641,110$1,440,193
79$1,819,023$815,810$625,469$1,530,089
80$1,966,276$817,497$608,135$1,628,147
81$2,127,343$818,061$589,014$1,735,194
82$2,303,595$817,408$568,009$1,852,147
83$2,496,541$815,440$545,016$1,980,014
84$2,707,843$812,053$519,930$2,119,909
85$2,939,334$807,133$492,638$2,273,059
86$3,193,028$800,565$463,023$2,440,821
87$3,471,146$792,222$430,963$2,624,688
88$3,776,133$781,971$396,331$2,826,308
89$4,110,684$769,673$358,994$3,047,499
90$4,477,764$755,178$318,810$3,290,266
91$4,880,642$738,327$275,637$3,556,821
92$5,322,917$718,955$229,320$3,849,603
93$5,808,555$696,884$179,702$4,171,300
94$6,341,922$671,926$126,617$4,524,880
95$6,927,831$643,883$69,892$4,913,613
96$7,571,583$612,546$9,346$5,341,107
97$8,279,016$577,693$0$5,811,338
98$9,056,564$539,088$0$6,343,436
99$9,911,314$496,484$0$6,931,112
100$10,851,074$449,618$0$7,577,260