Can I retire at age 67 with 702,000?

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 $702,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$57,971$57,454$56,950$56,459$55,978$55,533
2 years$28,698$28,164$27,646$27,144$26,656$26,207
3 years$18,942$18,405$17,889$17,391$16,912$16,473
4 years$14,065$13,530$13,018$12,529$12,062$11,636
5 years$11,140$10,608$10,103$9,624$9,169$8,759
6 years$9,190$8,662$8,165$7,696$7,255$6,860
7 years$7,798$7,274$6,785$6,327$5,900$5,521
8 years$6,754$6,235$5,754$5,308$4,895$4,531
9 years$5,943$5,429$4,956$4,521$4,122$3,774
10 years$5,294$4,785$4,321$3,897$3,512$3,180
11 years$4,764$4,260$3,804$3,392$3,021$2,703
12 years$4,322$3,824$3,376$2,975$2,618$2,315
13 years$3,949$3,456$3,016$2,627$2,283$1,995
14 years$3,629$3,141$2,710$2,332$2,001$1,727
15 years$3,352$2,869$2,447$2,079$1,762$1,502
16 years$3,110$2,633$2,218$1,862$1,557$1,310
17 years$2,897$2,424$2,019$1,673$1,381$1,147
18 years$2,707$2,240$1,843$1,508$1,228$1,006
19 years$2,538$2,076$1,687$1,362$1,094$885
20 years$2,386$1,929$1,548$1,234$977$780
21 years$2,248$1,797$1,424$1,120$875$688
22 years$2,124$1,678$1,312$1,018$784$608
23 years$2,010$1,569$1,212$927$704$538
24 years$1,906$1,470$1,121$846$633$477
25 years$1,810$1,380$1,038$772$569$423
26 years$1,722$1,297$963$706$513$375
27 years$1,640$1,220$894$646$462$333
28 years$1,565$1,150$831$592$417$296
29 years$1,494$1,085$773$543$377$264
30 years$1,429$1,024$720$498$340$235
31 years$1,368$968$672$458$308$209
32 years$1,311$916$627$421$278$186
33 years$1,257$868$585$387$252$166
34 years$1,207$822$547$356$228$148
35 years$1,160$780$511$328$207$132
36 years$1,115$740$478$302$187$117
37 years$1,073$703$447$278$170$105
38 years$1,033$668$419$256$154$93
39 years$995$635$393$236$139$83
40 years$960$605$368$218$126$74
41 years$926$576$345$201$115$66
42 years$894$548$324$186$104$59
43 years$863$522$304$171$94$53
44 years$834$498$285$158$86$47
45 years$806$475$268$146$78$42
46 years$780$453$251$135$71$38
47 years$755$432$236$125$64$34
48 years$731$413$222$115$58$30
49 years$707$394$209$106$53$27
50 years$685$376$196$98$48$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $702,000, adding $2,310 every year, while hoping to spend $39,859 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: 60/14/26 Blend
66$702,000$702,000$702,000$702,000
67$775,987$738,781$727,900$816,991
68$812,728$732,571$709,875$838,967
69$851,880$724,722$689,910$858,440
70$893,649$715,110$667,898$878,837
71$938,256$703,605$643,728$900,256
72$985,947$690,071$617,282$922,807
73$1,036,990$674,361$588,437$946,615
74$1,091,679$656,321$557,066$971,817
75$1,150,338$635,788$523,036$998,566
76$1,213,320$612,589$486,205$1,027,033
77$1,281,014$586,541$446,428$1,057,410
78$1,353,847$557,451$403,553$1,089,910
79$1,432,288$525,114$357,420$1,124,769
80$1,516,850$489,314$307,862$1,162,251
81$1,608,099$449,821$254,706$1,202,650
82$1,706,656$406,393$197,770$1,246,293
83$1,813,204$358,775$136,864$1,293,542
84$1,928,493$306,697$71,791$1,344,800
85$2,053,347$249,873$2,344$1,400,515
86$2,188,672$188,001$0$1,461,185
87$2,335,466$120,762$0$1,547,271
88$2,494,825$47,821$0$1,641,465
89$2,667,954$0$0$1,743,860
90$2,856,181$0$0$1,860,080
91$3,060,963$0$0$1,994,586
92$3,283,907$0$0$2,141,073
93$3,526,779$0$0$2,300,708
94$3,791,524$0$0$2,474,774
95$4,080,280$0$0$2,664,686
96$4,395,403$0$0$2,871,999
97$4,739,484$0$0$3,098,428
98$5,115,379$0$0$3,345,856
99$5,526,227$0$0$3,616,362
100$5,975,488$0$0$3,912,229