Can I retire at age 67 with 705,000?

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 $705,000?

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$58,218$57,700$57,194$56,700$56,218$54,770
2 years$28,821$28,284$27,764$27,260$26,770$25,321
3 years$19,023$18,484$17,965$17,465$16,984$15,579
4 years$14,125$13,588$13,074$12,583$12,113$10,763
5 years$11,187$10,653$10,146$9,665$9,208$7,917
6 years$9,229$8,699$8,199$7,729$7,286$6,055
7 years$7,831$7,305$6,814$6,354$5,926$4,754
8 years$6,783$6,262$5,779$5,331$4,916$3,804
9 years$5,968$5,452$4,977$4,541$4,140$3,087
10 years$5,317$4,806$4,339$3,914$3,527$2,531
11 years$4,784$4,278$3,820$3,406$3,034$2,093
12 years$4,341$3,840$3,390$2,988$2,629$1,743
13 years$3,966$3,470$3,029$2,638$2,292$1,459
14 years$3,645$3,154$2,722$2,342$2,010$1,226
15 years$3,366$2,882$2,457$2,088$1,769$1,034
16 years$3,123$2,644$2,228$1,870$1,564$875
17 years$2,909$2,435$2,027$1,680$1,387$742
18 years$2,719$2,250$1,851$1,514$1,233$631
19 years$2,549$2,085$1,694$1,368$1,099$537
20 years$2,396$1,938$1,555$1,239$982$458
21 years$2,258$1,805$1,430$1,124$878$391
22 years$2,133$1,685$1,318$1,022$787$334
23 years$2,018$1,576$1,217$931$707$286
24 years$1,914$1,476$1,126$849$635$245
25 years$1,818$1,385$1,042$776$572$210
26 years$1,729$1,302$967$709$515$180
27 years$1,647$1,225$898$649$464$154
28 years$1,571$1,155$835$595$419$132
29 years$1,501$1,089$777$545$378$113
30 years$1,435$1,029$723$501$342$97
31 years$1,374$973$674$460$309$84
32 years$1,316$920$629$422$279$72
33 years$1,263$871$588$388$253$62
34 years$1,212$826$549$357$229$53
35 years$1,164$783$513$329$207$45
36 years$1,120$744$480$303$188$39
37 years$1,077$706$449$279$170$34
38 years$1,037$671$421$257$154$29
39 years$1,000$638$394$237$140$25
40 years$964$607$370$219$127$21
41 years$930$578$347$202$115$18
42 years$898$550$325$186$105$16
43 years$867$524$305$172$95$14
44 years$838$500$286$159$86$12
45 years$810$477$269$147$78$10
46 years$783$455$253$136$71$9
47 years$758$434$237$125$64$7
48 years$734$414$223$116$59$6
49 years$710$396$210$107$53$5
50 years$688$378$197$99$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $705,000, adding $5,487 every year, while hoping to spend $41,895 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: 47/32/21 Blend
66$705,000$705,000$705,000$705,000
67$782,570$745,205$734,277$814,439
68$817,816$737,144$714,300$829,202
69$855,253$727,284$692,249$840,595
70$895,060$715,492$668,010$852,097
71$937,434$701,629$641,466$863,735
72$982,589$685,545$612,492$875,544
73$1,030,760$667,084$580,957$887,564
74$1,082,205$646,078$546,727$899,845
75$1,137,205$622,352$509,658$912,442
76$1,196,072$595,718$469,603$925,421
77$1,259,143$565,980$426,406$938,857
78$1,326,791$532,929$379,906$952,839
79$1,399,424$496,343$329,934$967,467
80$1,477,491$455,990$276,312$982,857
81$1,561,484$411,622$218,857$999,141
82$1,651,942$362,978$157,376$1,016,469
83$1,749,460$309,784$91,668$1,035,014
84$1,854,688$251,747$21,522$1,054,968
85$1,968,344$188,560$0$1,076,552
86$2,091,213$119,897$0$1,111,967
87$2,224,161$45,417$0$1,155,465
88$2,368,139$0$0$1,202,590
89$2,524,191$0$0$1,266,165
90$2,693,468$0$0$1,352,541
91$2,877,233$0$0$1,446,381
92$3,076,876$0$0$1,548,403
93$3,293,927$0$0$1,659,398
94$3,530,068$0$0$1,780,235
95$3,787,151$0$0$1,911,873
96$4,067,213$0$0$2,055,364
97$4,372,494$0$0$2,211,868
98$4,705,463$0$0$2,382,662
99$5,068,834$0$0$2,569,150
100$5,465,596$0$0$2,772,879