Can I retire at age 67 with 712,000?

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 $712,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$58,796$58,273$57,762$57,263$56,776$55,766
2 years$29,107$28,565$28,040$27,530$27,036$26,023
3 years$19,212$18,668$18,143$17,639$17,153$16,167
4 years$14,265$13,723$13,204$12,708$12,234$11,283
5 years$11,298$10,759$10,247$9,761$9,300$8,387
6 years$9,321$8,785$8,281$7,806$7,359$6,484
7 years$7,909$7,378$6,881$6,418$5,984$5,149
8 years$6,850$6,324$5,836$5,384$4,965$4,168
9 years$6,028$5,506$5,027$4,586$4,181$3,423
10 years$5,370$4,854$4,382$3,953$3,562$2,842
11 years$4,832$4,321$3,858$3,440$3,064$2,380
12 years$4,384$3,878$3,424$3,017$2,655$2,008
13 years$4,005$3,505$3,059$2,664$2,315$1,703
14 years$3,681$3,186$2,749$2,365$2,030$1,451
15 years$3,400$2,910$2,482$2,109$1,787$1,241
16 years$3,154$2,670$2,250$1,888$1,579$1,065
17 years$2,938$2,459$2,047$1,697$1,400$917
18 years$2,746$2,272$1,869$1,529$1,245$791
19 years$2,574$2,106$1,711$1,382$1,110$683
20 years$2,420$1,957$1,570$1,251$991$591
21 years$2,280$1,823$1,444$1,136$887$513
22 years$2,154$1,701$1,331$1,033$795$445
23 years$2,038$1,591$1,229$940$714$387
24 years$1,933$1,491$1,137$858$642$336
25 years$1,836$1,399$1,053$783$577$293
26 years$1,746$1,315$976$716$520$255
27 years$1,664$1,238$907$656$469$222
28 years$1,587$1,166$843$601$423$194
29 years$1,516$1,100$784$551$382$169
30 years$1,449$1,039$731$505$345$147
31 years$1,387$982$681$464$312$129
32 years$1,329$929$636$427$282$112
33 years$1,275$880$593$392$255$98
34 years$1,224$834$554$361$231$86
35 years$1,176$791$518$332$209$75
36 years$1,131$751$485$306$190$65
37 years$1,088$713$454$282$172$57
38 years$1,048$678$425$260$156$50
39 years$1,010$645$398$240$141$44
40 years$973$613$373$221$128$38
41 years$939$584$350$204$116$33
42 years$906$556$328$188$106$29
43 years$875$530$308$174$96$26
44 years$846$505$289$160$87$22
45 years$818$481$272$148$79$20
46 years$791$459$255$137$72$17
47 years$765$438$240$126$65$15
48 years$741$418$225$117$59$13
49 years$718$400$212$108$54$11
50 years$695$382$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 $712,000, adding $4,950 every year, while hoping to spend $39,032 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: 55/37/8 Blend
66$712,000$712,000$712,000$712,000
67$789,730$751,994$740,958$831,396
68$828,753$747,312$724,250$855,436
69$870,447$741,092$705,675$876,858
70$915,046$733,218$685,127$899,238
71$962,801$723,567$662,500$922,673
72$1,013,992$712,007$637,679$947,271
73$1,068,923$698,399$610,545$973,154
74$1,127,930$682,597$580,975$1,000,457
75$1,191,379$664,445$548,838$1,029,333
76$1,259,675$643,778$514,000$1,059,950
77$1,333,261$620,422$476,317$1,092,498
78$1,412,623$594,192$435,643$1,127,189
79$1,498,296$564,893$391,823$1,164,258
80$1,590,868$532,318$344,694$1,203,967
81$1,690,983$496,249$294,089$1,246,610
82$1,799,353$456,455$239,830$1,292,512
83$1,916,758$412,691$181,735$1,342,036
84$2,044,054$364,700$119,610$1,395,588
85$2,182,186$312,209$53,255$1,453,615
86$2,332,190$254,929$0$1,516,618
87$2,495,210$192,556$0$1,586,651
88$2,672,498$124,769$0$1,667,782
89$2,865,438$51,228$0$1,756,166
90$3,075,549$0$0$1,852,583
91$3,304,503$0$0$1,969,475
92$3,554,140$0$0$2,119,729
93$3,826,486$0$0$2,283,713
94$4,123,771$0$0$2,462,779
95$4,448,450$0$0$2,658,412
96$4,803,223$0$0$2,872,250
97$5,191,065$0$0$3,106,093
98$5,615,252$0$0$3,361,926
99$6,079,389$0$0$3,641,933
100$6,587,446$0$0$3,948,518