Can I retire at age 67 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$58,549$58,027$57,518$57,022$56,537$55,900
2 years$28,984$28,445$27,921$27,414$26,922$26,281
3 years$19,131$18,589$18,067$17,565$17,081$16,455
4 years$14,205$13,665$13,148$12,654$12,182$11,577
5 years$11,251$10,713$10,204$9,720$9,261$8,678
6 years$9,281$8,748$8,246$7,773$7,328$6,768
7 years$7,875$7,347$6,852$6,391$5,959$5,422
8 years$6,821$6,298$5,811$5,361$4,944$4,430
9 years$6,002$5,483$5,005$4,566$4,163$3,673
10 years$5,347$4,833$4,364$3,936$3,547$3,079
11 years$4,811$4,303$3,842$3,426$3,051$2,605
12 years$4,365$3,862$3,410$3,005$2,644$2,220
13 years$3,988$3,490$3,046$2,653$2,305$1,902
14 years$3,665$3,172$2,737$2,355$2,021$1,639
15 years$3,386$2,898$2,471$2,100$1,779$1,417
16 years$3,141$2,659$2,240$1,880$1,573$1,230
17 years$2,926$2,449$2,039$1,690$1,394$1,070
18 years$2,734$2,263$1,861$1,523$1,240$934
19 years$2,563$2,097$1,704$1,376$1,105$816
20 years$2,410$1,949$1,564$1,246$987$715
21 years$2,271$1,815$1,438$1,131$883$627
22 years$2,145$1,694$1,326$1,028$792$551
23 years$2,030$1,585$1,224$936$711$485
24 years$1,925$1,485$1,132$854$639$427
25 years$1,828$1,393$1,048$780$575$376
26 years$1,739$1,310$972$713$518$332
27 years$1,657$1,232$903$653$467$293
28 years$1,580$1,161$839$598$421$259
29 years$1,509$1,096$781$548$380$229
30 years$1,443$1,035$728$503$344$202
31 years$1,382$978$678$462$311$179
32 years$1,324$925$633$425$281$158
33 years$1,270$876$591$391$254$140
34 years$1,219$831$552$359$230$124
35 years$1,171$788$516$331$209$110
36 years$1,126$748$483$305$189$97
37 years$1,084$710$452$281$171$86
38 years$1,043$675$423$259$155$76
39 years$1,005$642$397$239$141$68
40 years$969$611$372$220$128$60
41 years$935$581$348$203$116$53
42 years$903$554$327$187$105$47
43 years$872$527$307$173$95$42
44 years$842$503$288$160$87$37
45 years$814$479$270$148$79$33
46 years$788$457$254$136$71$29
47 years$762$436$239$126$65$26
48 years$738$417$224$116$59$23
49 years$715$398$211$108$53$20
50 years$692$380$198$99$49$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $709,000, adding $2,617 every year, while hoping to spend $36,094 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: 44/42/14 Blend
66$709,000$709,000$709,000$709,000
67$784,017$746,440$735,451$815,244
68$825,583$744,612$721,685$835,485
69$870,180$741,485$706,248$853,582
70$918,077$736,956$689,046$872,410
71$969,572$730,919$669,980$892,050
72$1,024,992$723,258$648,949$912,597
73$1,084,696$713,852$625,843$934,155
74$1,149,077$702,572$600,550$956,842
75$1,218,567$689,283$572,954$980,791
76$1,293,643$673,839$542,929$1,006,151
77$1,374,825$656,089$510,348$1,033,089
78$1,462,690$635,869$475,077$1,061,793
79$1,557,866$613,009$436,975$1,092,473
80$1,661,050$587,328$395,894$1,125,365
81$1,773,002$558,632$351,682$1,160,732
82$1,894,564$526,721$304,179$1,198,869
83$2,026,657$491,378$253,217$1,240,104
84$2,170,298$452,377$198,621$1,284,806
85$2,326,603$409,478$140,209$1,333,382
86$2,496,801$362,427$77,791$1,386,291
87$2,682,246$310,957$11,168$1,444,041
88$2,884,425$254,784$0$1,507,200
89$3,104,977$193,609$0$1,585,351
90$3,345,705$127,116$0$1,672,607
91$3,608,594$54,972$0$1,768,113
92$3,895,829$0$0$1,872,773
93$4,209,816$0$0$1,998,300
94$4,553,202$0$0$2,163,449
95$4,928,904$0$0$2,344,223
96$5,340,133$0$0$2,542,180
97$5,790,425$0$0$2,759,033
98$6,283,672$0$0$2,996,667
99$6,824,164$0$0$3,257,160
100$7,416,622$0$0$3,542,802