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%13.3%
1 years$57,392$56,881$56,382$55,896$55,420$54,660
2 years$28,412$27,883$27,370$26,873$26,391$25,626
3 years$18,753$18,222$17,710$17,218$16,743$15,998
4 years$13,925$13,395$12,889$12,404$11,941$11,221
5 years$11,028$10,502$10,002$9,528$9,078$8,385
6 years$9,098$8,576$8,083$7,619$7,183$6,518
7 years$7,720$7,202$6,717$6,264$5,842$5,205
8 years$6,687$6,173$5,697$5,255$4,846$4,238
9 years$5,884$5,375$4,907$4,476$4,081$3,501
10 years$5,241$4,738$4,278$3,858$3,477$2,925
11 years$4,716$4,218$3,766$3,358$2,991$2,465
12 years$4,279$3,786$3,342$2,945$2,592$2,092
13 years$3,909$3,421$2,986$2,600$2,260$1,786
14 years$3,593$3,110$2,683$2,308$1,981$1,532
15 years$3,319$2,841$2,422$2,059$1,744$1,320
16 years$3,079$2,606$2,196$1,843$1,542$1,141
17 years$2,868$2,400$1,998$1,656$1,367$989
18 years$2,680$2,218$1,824$1,493$1,215$859
19 years$2,513$2,056$1,670$1,349$1,083$748
20 years$2,362$1,910$1,533$1,221$968$652
21 years$2,226$1,779$1,410$1,109$866$569
22 years$2,102$1,661$1,299$1,008$776$498
23 years$1,990$1,553$1,200$918$697$436
24 years$1,887$1,455$1,110$837$626$382
25 years$1,792$1,366$1,028$765$564$335
26 years$1,705$1,284$953$699$508$294
27 years$1,624$1,208$885$640$458$259
28 years$1,549$1,138$823$586$413$227
29 years$1,479$1,074$766$538$373$200
30 years$1,415$1,014$713$493$337$176
31 years$1,354$959$665$453$305$155
32 years$1,298$907$620$416$276$136
33 years$1,245$859$579$383$249$120
34 years$1,195$814$541$352$226$106
35 years$1,148$772$506$324$204$93
36 years$1,104$733$473$299$185$82
37 years$1,062$696$443$275$168$72
38 years$1,023$662$415$254$152$64
39 years$985$629$389$234$138$56
40 years$950$599$364$216$125$50
41 years$917$570$342$199$114$44
42 years$885$543$320$184$103$39
43 years$855$517$301$170$94$34
44 years$826$493$282$157$85$30
45 years$798$470$265$145$77$26
46 years$772$448$249$134$70$23
47 years$747$428$234$123$64$21
48 years$723$408$220$114$58$18
49 years$700$390$207$105$52$16
50 years$679$373$194$97$48$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $695,000, adding $2,844 every year, while hoping to spend $20,452 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: 54/22/24 Blend
66$695,000$695,000$695,000$695,000
67$768,824$731,989$721,216$805,114
68$825,483$746,095$723,616$844,506
69$887,236$760,208$725,411$885,007
70$954,581$774,305$726,559$928,673
71$1,028,065$788,363$727,016$975,813
72$1,108,293$802,358$726,736$1,026,771
73$1,195,928$816,262$725,671$1,081,923
74$1,291,701$830,048$723,770$1,141,685
75$1,396,418$843,683$720,979$1,206,515
76$1,510,964$857,135$717,243$1,276,920
77$1,636,315$870,367$712,503$1,353,457
78$1,773,545$883,342$706,699$1,436,742
79$1,923,839$896,018$699,765$1,527,453
80$2,088,498$908,350$691,635$1,626,339
81$2,268,958$920,293$682,238$1,734,226
82$2,466,800$931,795$671,501$1,852,024
83$2,683,762$942,802$659,345$1,980,738
84$2,921,764$953,257$645,691$2,121,474
85$3,182,916$963,098$630,453$2,275,456
86$3,469,544$972,261$613,544$2,444,028
87$3,784,210$980,674$594,870$2,628,678
88$4,129,736$988,264$574,335$2,831,043
89$4,509,231$994,951$551,838$3,052,931
90$4,926,121$1,000,651$527,272$3,296,332
91$5,384,176$1,005,275$500,527$3,563,446
92$5,887,555$1,008,726$471,487$3,856,693
93$6,440,835$1,010,903$440,032$4,178,746
94$7,049,062$1,011,698$406,034$4,532,550
95$7,717,792$1,010,998$369,362$4,921,354
96$8,453,149$1,008,679$329,878$5,348,738
97$9,261,879$1,004,613$287,438$5,818,653
98$10,151,415$998,663$241,891$6,335,452
99$11,129,945$990,683$193,080$6,903,935
100$12,206,492$980,520$140,842$7,529,397