Can I retire at age 67 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$57,723$57,209$56,707$56,217$55,739$54,793
2 years$28,576$28,043$27,528$27,028$26,542$25,592
3 years$18,861$18,327$17,812$17,317$16,840$15,915
4 years$14,005$13,472$12,963$12,476$12,010$11,118
5 years$11,092$10,562$10,060$9,583$9,130$8,273
6 years$9,151$8,625$8,130$7,663$7,224$6,403
7 years$7,764$7,243$6,756$6,300$5,875$5,091
8 years$6,725$6,209$5,729$5,285$4,874$4,126
9 years$5,917$5,406$4,935$4,502$4,105$3,392
10 years$5,272$4,765$4,302$3,881$3,497$2,820
11 years$4,744$4,242$3,788$3,377$3,008$2,365
12 years$4,304$3,807$3,361$2,962$2,607$1,997
13 years$3,932$3,441$3,003$2,615$2,273$1,696
14 years$3,614$3,128$2,698$2,322$1,992$1,447
15 years$3,338$2,857$2,436$2,070$1,754$1,240
16 years$3,097$2,621$2,209$1,854$1,550$1,065
17 years$2,884$2,414$2,010$1,666$1,375$918
18 years$2,696$2,231$1,835$1,501$1,222$793
19 years$2,527$2,067$1,680$1,356$1,090$686
20 years$2,376$1,921$1,542$1,228$973$595
21 years$2,239$1,789$1,418$1,115$871$516
22 years$2,114$1,670$1,307$1,014$781$449
23 years$2,001$1,562$1,207$923$701$391
24 years$1,897$1,464$1,116$842$630$340
25 years$1,802$1,374$1,034$769$567$297
26 years$1,714$1,291$959$703$511$259
27 years$1,633$1,215$890$644$460$226
28 years$1,558$1,145$827$590$415$197
29 years$1,488$1,080$770$541$375$172
30 years$1,423$1,020$717$496$339$151
31 years$1,362$964$669$456$306$132
32 years$1,305$912$624$419$277$115
33 years$1,252$864$583$385$251$101
34 years$1,202$819$544$354$227$88
35 years$1,155$777$509$326$206$77
36 years$1,110$737$476$300$186$68
37 years$1,068$700$446$277$169$59
38 years$1,029$665$417$255$153$52
39 years$991$633$391$235$139$45
40 years$956$602$366$217$126$40
41 years$922$573$344$200$114$35
42 years$890$546$322$185$104$30
43 years$859$520$302$171$94$27
44 years$831$496$284$157$85$23
45 years$803$473$267$145$78$20
46 years$777$451$250$134$70$18
47 years$751$430$235$124$64$16
48 years$727$411$221$115$58$14
49 years$704$392$208$106$53$12
50 years$682$375$195$98$48$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $699,000, adding $3,343 every year, while hoping to spend $48,158 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: 76/6/18 Blend
66$699,000$699,000$699,000$699,000
67$773,746$736,699$725,865$829,130
68$801,429$721,558$698,942$851,083
69$830,321$704,060$669,502$868,843
70$860,495$684,041$637,412$887,028
71$892,029$661,323$602,529$905,668
72$925,009$635,720$564,706$924,795
73$959,525$607,036$523,789$944,444
74$995,677$575,061$479,617$964,655
75$1,033,572$539,575$432,020$985,473
76$1,073,327$500,345$380,824$1,006,949
77$1,115,069$457,125$325,844$1,029,140
78$1,158,935$409,652$266,888$1,052,107
79$1,205,074$357,653$203,757$1,075,923
80$1,253,649$300,835$136,240$1,100,665
81$1,304,837$238,892$64,120$1,126,423
82$1,358,830$171,498$0$1,153,296
83$1,415,839$98,309$0$1,183,860
84$1,476,093$18,965$0$1,229,074
85$1,539,842$0$0$1,276,795
86$1,607,358$0$0$1,331,645
87$1,678,941$0$0$1,391,138
88$1,754,915$0$0$1,454,296
89$1,835,637$0$0$1,521,414
90$1,921,497$0$0$1,592,821
91$2,012,922$0$0$1,668,872
92$2,110,378$0$0$1,749,958
93$2,214,377$0$0$1,836,508
94$2,325,479$0$0$1,928,988
95$2,444,299$0$0$2,027,915
96$2,571,509$0$0$2,133,850
97$2,707,848$0$0$2,247,411
98$2,854,126$0$0$2,369,278
99$3,011,232$0$0$2,500,192
100$3,180,141$0$0$2,640,971