Can I retire at age 67 with 706,000?

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 $706,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$58,301$57,782$57,275$56,780$56,297$54,583
2 years$28,862$28,324$27,803$27,298$26,808$25,096
3 years$19,050$18,510$17,991$17,490$17,008$15,351
4 years$14,145$13,607$13,093$12,601$12,130$10,542
5 years$11,203$10,668$10,160$9,679$9,221$7,705
6 years$9,242$8,711$8,211$7,740$7,297$5,854
7 years$7,842$7,316$6,823$6,364$5,934$4,566
8 years$6,793$6,271$5,787$5,338$4,923$3,627
9 years$5,977$5,460$4,984$4,547$4,146$2,922
10 years$5,324$4,813$4,345$3,920$3,532$2,378
11 years$4,791$4,284$3,826$3,411$3,038$1,952
12 years$4,347$3,845$3,395$2,992$2,633$1,612
13 years$3,971$3,475$3,033$2,642$2,296$1,338
14 years$3,650$3,159$2,725$2,345$2,012$1,116
15 years$3,371$2,886$2,461$2,091$1,772$933
16 years$3,128$2,648$2,231$1,872$1,566$783
17 years$2,913$2,438$2,030$1,682$1,389$658
18 years$2,723$2,253$1,853$1,516$1,235$555
19 years$2,553$2,088$1,697$1,370$1,100$468
20 years$2,399$1,940$1,557$1,241$983$395
21 years$2,261$1,807$1,432$1,126$880$334
22 years$2,136$1,687$1,320$1,024$788$283
23 years$2,021$1,578$1,219$932$708$240
24 years$1,916$1,478$1,127$850$636$203
25 years$1,820$1,387$1,044$777$572$173
26 years$1,731$1,304$968$710$516$146
27 years$1,650$1,227$899$650$465$124
28 years$1,574$1,156$836$596$419$106
29 years$1,503$1,091$778$546$379$90
30 years$1,437$1,030$724$501$342$76
31 years$1,376$974$675$460$309$65
32 years$1,318$922$630$423$280$55
33 years$1,264$873$588$389$253$47
34 years$1,214$827$550$358$229$40
35 years$1,166$785$514$330$208$34
36 years$1,121$745$481$303$188$29
37 years$1,079$707$450$280$171$25
38 years$1,039$672$421$258$155$21
39 years$1,001$639$395$238$140$18
40 years$965$608$370$219$127$15
41 years$931$579$347$202$115$13
42 years$899$551$326$187$105$11
43 years$868$525$305$172$95$9
44 years$839$501$287$159$86$8
45 years$811$477$269$147$78$7
46 years$784$455$253$136$71$6
47 years$759$435$238$125$65$5
48 years$735$415$223$116$59$4
49 years$712$396$210$107$53$4
50 years$689$378$197$99$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $706,000, adding $3,181 every year, while hoping to spend $33,968 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: 73/12/15 Blend
66$706,000$706,000$706,000$706,000
67$781,293$743,875$732,932$835,501
68$824,843$744,183$721,344$872,143
69$871,697$743,368$708,229$907,796
70$922,156$741,339$693,500$945,950
71$976,550$737,999$677,066$986,843
72$1,035,243$733,245$658,833$1,030,741
73$1,098,634$726,970$638,699$1,077,935
74$1,167,161$719,058$616,562$1,128,748
75$1,241,306$709,387$592,312$1,183,535
76$1,321,600$697,828$565,836$1,242,690
77$1,408,625$684,243$537,013$1,306,644
78$1,503,021$668,488$505,719$1,375,876
79$1,605,494$650,408$471,825$1,450,913
80$1,716,817$629,840$435,194$1,532,337
81$1,837,843$606,614$395,684$1,620,790
82$1,969,510$580,545$353,147$1,716,981
83$2,112,850$551,441$307,427$1,821,691
84$2,268,998$519,099$258,363$1,935,782
85$2,439,203$483,302$205,785$2,060,208
86$2,624,840$443,822$149,517$2,196,017
87$2,827,422$400,418$89,374$2,344,369
88$3,048,615$352,835$25,164$2,506,542
89$3,290,253$300,803$0$2,683,945
90$3,554,355$244,038$0$2,885,075
91$3,843,143$182,239$0$3,109,457
92$4,159,063$115,089$0$3,354,988
93$4,504,811$42,252$0$3,623,793
94$4,883,354$0$0$3,918,213
95$5,297,957$0$0$4,245,668
96$5,752,221$0$0$4,610,590
97$6,250,106$0$0$5,010,588
98$6,795,976$0$0$5,449,172
99$7,394,639$0$0$5,930,208
100$8,051,388$0$0$6,457,954