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%13.8%
1 years$58,796$58,273$57,762$57,263$56,776$55,881
2 years$29,107$28,565$28,040$27,530$27,036$26,137
3 years$19,212$18,668$18,143$17,639$17,153$16,277
4 years$14,265$13,723$13,204$12,708$12,234$11,389
5 years$11,298$10,759$10,247$9,761$9,300$8,488
6 years$9,321$8,785$8,281$7,806$7,359$6,580
7 years$7,909$7,378$6,881$6,418$5,984$5,240
8 years$6,850$6,324$5,836$5,384$4,965$4,254
9 years$6,028$5,506$5,027$4,586$4,181$3,504
10 years$5,370$4,854$4,382$3,953$3,562$2,918
11 years$4,832$4,321$3,858$3,440$3,064$2,452
12 years$4,384$3,878$3,424$3,017$2,655$2,074
13 years$4,005$3,505$3,059$2,664$2,315$1,765
14 years$3,681$3,186$2,749$2,365$2,030$1,509
15 years$3,400$2,910$2,482$2,109$1,787$1,296
16 years$3,154$2,670$2,250$1,888$1,579$1,116
17 years$2,938$2,459$2,047$1,697$1,400$964
18 years$2,746$2,272$1,869$1,529$1,245$834
19 years$2,574$2,106$1,711$1,382$1,110$723
20 years$2,420$1,957$1,570$1,251$991$629
21 years$2,280$1,823$1,444$1,136$887$547
22 years$2,154$1,701$1,331$1,033$795$476
23 years$2,038$1,591$1,229$940$714$416
24 years$1,933$1,491$1,137$858$642$363
25 years$1,836$1,399$1,053$783$577$317
26 years$1,746$1,315$976$716$520$277
27 years$1,664$1,238$907$656$469$243
28 years$1,587$1,166$843$601$423$212
29 years$1,516$1,100$784$551$382$186
30 years$1,449$1,039$731$505$345$163
31 years$1,387$982$681$464$312$143
32 years$1,329$929$636$427$282$125
33 years$1,275$880$593$392$255$110
34 years$1,224$834$554$361$231$96
35 years$1,176$791$518$332$209$85
36 years$1,131$751$485$306$190$74
37 years$1,088$713$454$282$172$65
38 years$1,048$678$425$260$156$57
39 years$1,010$645$398$240$141$50
40 years$973$613$373$221$128$44
41 years$939$584$350$204$116$39
42 years$906$556$328$188$106$34
43 years$875$530$308$174$96$30
44 years$846$505$289$160$87$26
45 years$818$481$272$148$79$23
46 years$791$459$255$137$72$20
47 years$765$438$240$126$65$18
48 years$741$418$225$117$59$16
49 years$718$400$212$108$54$14
50 years$695$382$199$100$49$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $712,000, adding $3,571 every year, while hoping to spend $28,366 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: 38/37/25 Blend
66$712,000$712,000$712,000$712,000
67$788,307$750,571$739,535$812,268
68$838,534$757,168$734,129$836,674
69$892,932$763,138$727,590$860,144
70$951,899$768,419$719,852$884,951
71$1,015,868$772,947$710,843$911,235
72$1,085,319$776,654$700,488$939,150
73$1,160,778$779,466$688,711$968,868
74$1,242,823$781,306$675,429$1,000,580
75$1,332,092$782,091$660,557$1,034,499
76$1,429,285$781,733$644,005$1,070,861
77$1,535,174$780,139$625,680$1,109,929
78$1,650,606$777,211$605,485$1,151,995
79$1,776,516$772,842$583,317$1,197,382
80$1,913,931$766,922$559,069$1,246,450
81$2,063,983$759,332$532,629$1,299,599
82$2,227,918$749,948$503,880$1,357,271
83$2,407,107$738,637$472,701$1,419,958
84$2,603,059$725,257$438,964$1,488,204
85$2,817,436$709,660$402,535$1,562,612
86$3,052,070$691,688$363,275$1,643,853
87$3,308,974$671,175$321,038$1,732,668
88$3,590,369$647,942$275,672$1,829,878
89$3,898,698$621,803$227,019$1,936,393
90$4,236,654$592,559$174,912$2,053,221
91$4,607,200$560,002$119,179$2,181,477
92$5,013,602$523,909$59,639$2,322,396
93$5,459,455$484,047$0$2,477,344
94$5,948,721$440,166$0$2,648,874
95$6,485,762$392,007$0$2,854,662
96$7,075,386$339,291$0$3,080,688
97$7,722,886$281,726$0$3,329,055
98$8,434,093$219,004$0$3,602,085
99$9,215,433$150,798$0$3,902,340
100$10,073,984$76,763$0$4,232,652