Can I retire at age 67 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$58,383$57,863$57,356$56,861$56,377$55,975
2 years$28,903$28,364$27,843$27,337$26,846$26,441
3 years$19,077$18,536$18,016$17,515$17,032$16,636
4 years$14,165$13,626$13,111$12,619$12,148$11,764
5 years$11,219$10,683$10,175$9,692$9,234$8,864
6 years$9,255$8,724$8,223$7,751$7,307$6,950
7 years$7,853$7,326$6,833$6,373$5,942$5,600
8 years$6,802$6,280$5,795$5,346$4,930$4,601
9 years$5,985$5,468$4,991$4,553$4,152$3,837
10 years$5,332$4,819$4,351$3,925$3,537$3,236
11 years$4,798$4,291$3,831$3,416$3,042$2,755
12 years$4,353$3,851$3,400$2,996$2,636$2,362
13 years$3,977$3,480$3,038$2,645$2,299$2,038
14 years$3,655$3,163$2,729$2,348$2,015$1,767
15 years$3,376$2,890$2,464$2,094$1,774$1,538
16 years$3,132$2,651$2,234$1,875$1,568$1,344
17 years$2,917$2,442$2,033$1,685$1,390$1,178
18 years$2,727$2,256$1,856$1,518$1,236$1,035
19 years$2,556$2,091$1,699$1,372$1,102$912
20 years$2,403$1,943$1,559$1,243$984$804
21 years$2,264$1,810$1,434$1,128$881$711
22 years$2,139$1,690$1,322$1,025$790$629
23 years$2,024$1,580$1,220$934$709$558
24 years$1,919$1,481$1,129$852$637$495
25 years$1,823$1,389$1,045$778$573$440
26 years$1,734$1,306$970$711$516$391
27 years$1,652$1,229$900$651$466$348
28 years$1,576$1,158$837$596$420$310
29 years$1,505$1,092$779$547$379$276
30 years$1,439$1,032$725$502$343$246
31 years$1,378$975$676$461$310$219
32 years$1,320$923$631$424$280$196
33 years$1,266$874$589$390$254$175
34 years$1,215$828$551$358$230$156
35 years$1,168$786$515$330$208$139
36 years$1,123$746$481$304$188$124
37 years$1,080$708$451$280$171$111
38 years$1,040$673$422$258$155$99
39 years$1,003$640$395$238$140$89
40 years$967$609$371$219$127$79
41 years$932$580$348$203$116$71
42 years$900$552$326$187$105$63
43 years$869$526$306$173$95$57
44 years$840$501$287$159$86$51
45 years$812$478$270$147$78$45
46 years$785$456$253$136$71$41
47 years$760$435$238$126$65$36
48 years$736$415$224$116$59$32
49 years$713$397$210$107$53$29
50 years$690$379$198$99$48$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $707,000, adding $4,068 every year, while hoping to spend $26,368 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: 44/35/21 Blend
66$707,000$707,000$707,000$707,000
67$783,310$745,839$734,881$812,851
68$835,152$754,330$731,444$842,587
69$891,399$762,353$727,008$871,904
70$952,471$769,858$721,512$903,142
71$1,018,832$776,790$714,892$936,493
72$1,090,992$783,091$707,080$972,167
73$1,169,512$788,702$698,006$1,010,399
74$1,255,009$793,555$687,596$1,051,448
75$1,348,162$797,581$675,772$1,095,602
76$1,449,718$800,707$662,455$1,143,178
77$1,560,501$802,853$647,558$1,194,528
78$1,681,416$803,936$630,995$1,250,040
79$1,813,458$803,867$612,671$1,310,146
80$1,957,726$802,551$592,491$1,375,321
81$2,115,427$799,889$570,352$1,446,094
82$2,287,891$795,774$546,150$1,523,046
83$2,476,582$790,093$519,772$1,606,822
84$2,683,112$782,727$491,103$1,698,134
85$2,909,257$773,548$460,022$1,797,772
86$3,156,971$762,421$426,403$1,906,606
87$3,428,407$749,206$390,113$2,025,598
88$3,725,937$733,749$351,014$2,155,814
89$4,052,172$715,892$308,962$2,298,429
90$4,409,988$695,465$263,807$2,454,744
91$4,802,552$672,289$215,390$2,626,194
92$5,233,355$646,173$163,548$2,814,366
93$5,706,239$616,917$108,108$3,021,013
94$6,225,438$584,309$48,893$3,248,071
95$6,795,617$548,124$0$3,497,678
96$7,421,911$508,124$0$3,775,401
97$8,109,982$464,058$0$4,092,542
98$8,866,064$415,660$0$4,441,061
99$9,697,025$362,650$0$4,824,183
100$10,610,433$304,731$0$5,245,469