Can I retire at age 67 with 711,000?

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 $711,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$58,714$58,191$57,680$57,182$56,696$55,711
2 years$29,066$28,525$28,000$27,492$26,998$26,009
3 years$19,185$18,641$18,118$17,614$17,129$16,166
4 years$14,245$13,703$13,185$12,690$12,216$11,288
5 years$11,282$10,744$10,232$9,747$9,287$8,395
6 years$9,308$8,773$8,269$7,795$7,348$6,494
7 years$7,898$7,368$6,872$6,409$5,976$5,160
8 years$6,841$6,315$5,828$5,376$4,958$4,179
9 years$6,019$5,499$5,019$4,579$4,175$3,434
10 years$5,362$4,847$4,376$3,947$3,557$2,853
11 years$4,825$4,315$3,853$3,435$3,060$2,391
12 years$4,378$3,873$3,419$3,013$2,651$2,018
13 years$3,999$3,500$3,055$2,660$2,312$1,713
14 years$3,676$3,181$2,745$2,361$2,027$1,460
15 years$3,395$2,906$2,478$2,106$1,784$1,250
16 years$3,150$2,666$2,247$1,886$1,577$1,074
17 years$2,934$2,456$2,044$1,694$1,398$924
18 years$2,742$2,269$1,866$1,527$1,243$798
19 years$2,571$2,103$1,709$1,380$1,108$690
20 years$2,416$1,954$1,568$1,250$990$598
21 years$2,277$1,820$1,442$1,134$886$519
22 years$2,151$1,699$1,329$1,031$794$450
23 years$2,035$1,589$1,227$939$713$392
24 years$1,930$1,489$1,135$856$641$341
25 years$1,833$1,397$1,051$782$576$297
26 years$1,744$1,313$975$715$519$259
27 years$1,661$1,236$905$655$468$226
28 years$1,585$1,165$842$600$422$197
29 years$1,514$1,099$783$550$381$172
30 years$1,447$1,038$730$505$345$150
31 years$1,385$981$680$464$312$131
32 years$1,328$928$635$426$282$115
33 years$1,273$879$593$392$255$100
34 years$1,222$833$554$360$231$88
35 years$1,174$790$518$332$209$77
36 years$1,129$750$484$306$190$67
37 years$1,087$712$453$282$172$59
38 years$1,046$677$424$260$156$51
39 years$1,008$644$398$239$141$45
40 years$972$612$373$221$128$39
41 years$938$583$349$204$116$34
42 years$905$555$328$188$105$30
43 years$874$529$308$173$96$26
44 years$845$504$289$160$87$23
45 years$817$481$271$148$79$20
46 years$790$459$255$137$72$18
47 years$764$438$239$126$65$15
48 years$740$418$225$117$59$14
49 years$717$399$211$108$54$12
50 years$694$381$199$100$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $711,000, adding $6,082 every year, while hoping to spend $44,317 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: 39/49/12 Blend
66$711,000$711,000$711,000$711,000
67$789,796$752,113$741,092$817,517
68$823,202$741,813$718,766$827,434
69$858,530$729,524$694,206$833,355
70$895,930$715,100$667,292$838,781
71$935,564$698,389$637,895$843,687
72$977,611$679,229$605,884$848,050
73$1,022,264$657,449$571,119$851,848
74$1,069,739$632,867$533,454$855,063
75$1,120,266$605,292$492,739$857,676
76$1,174,102$574,520$448,814$859,674
77$1,231,525$540,336$401,515$861,046
78$1,292,842$502,514$350,667$861,785
79$1,358,388$460,814$296,090$861,889
80$1,428,530$414,980$237,596$861,364
81$1,503,672$364,746$174,987$860,219
82$1,584,256$309,828$108,058$858,473
83$1,670,766$249,925$36,594$856,156
84$1,763,735$184,722$0$853,304
85$1,863,747$113,885$0$855,049
86$1,971,444$37,060$0$861,705
87$2,087,530$0$0$868,692
88$2,212,780$0$0$901,013
89$2,348,043$0$0$957,571
90$2,494,254$0$0$1,018,785
91$2,652,440$0$0$1,085,095
92$2,823,730$0$0$1,156,983
93$3,009,365$0$0$1,234,982
94$3,210,709$0$0$1,319,677
95$3,429,264$0$0$1,411,710
96$3,666,679$0$0$1,511,790
97$3,924,772$0$0$1,620,695
98$4,205,538$0$0$1,739,281
99$4,511,177$0$0$1,868,491
100$4,844,106$0$0$2,009,362