Can I retire at age 67 with 714,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$58,961$58,436$57,924$57,424$56,935$55,091
2 years$29,189$28,645$28,118$27,608$27,112$25,271
3 years$19,266$18,720$18,194$17,688$17,201$15,421
4 years$14,305$13,761$13,241$12,744$12,268$10,563
5 years$11,330$10,789$10,275$9,788$9,326$7,700
6 years$9,347$8,810$8,304$7,828$7,379$5,835
7 years$7,931$7,399$6,901$6,436$6,001$4,537
8 years$6,870$6,342$5,852$5,399$4,979$3,594
9 years$6,044$5,522$5,041$4,598$4,193$2,886
10 years$5,385$4,867$4,395$3,964$3,572$2,342
11 years$4,845$4,333$3,869$3,450$3,072$1,916
12 years$4,396$3,889$3,434$3,026$2,662$1,577
13 years$4,016$3,515$3,068$2,671$2,322$1,305
14 years$3,691$3,195$2,756$2,371$2,035$1,084
15 years$3,409$2,918$2,489$2,115$1,792$904
16 years$3,163$2,678$2,256$1,894$1,584$755
17 years$2,946$2,466$2,053$1,701$1,404$633
18 years$2,754$2,279$1,874$1,533$1,249$531
19 years$2,581$2,112$1,716$1,385$1,113$446
20 years$2,427$1,962$1,575$1,255$994$376
21 years$2,287$1,828$1,448$1,139$890$317
22 years$2,160$1,706$1,335$1,035$797$267
23 years$2,044$1,596$1,233$943$716$225
24 years$1,938$1,495$1,140$860$643$190
25 years$1,841$1,403$1,056$785$579$161
26 years$1,751$1,319$979$718$521$136
27 years$1,668$1,241$909$657$470$115
28 years$1,591$1,169$845$602$424$97
29 years$1,520$1,103$787$552$383$82
30 years$1,453$1,042$733$507$346$70
31 years$1,391$985$683$466$313$59
32 years$1,333$932$637$428$283$50
33 years$1,279$883$595$393$256$42
34 years$1,227$837$556$362$232$36
35 years$1,179$793$520$333$210$30
36 years$1,134$753$486$307$190$26
37 years$1,091$715$455$283$173$22
38 years$1,051$680$426$261$156$18
39 years$1,012$646$399$240$142$16
40 years$976$615$374$222$129$13
41 years$942$585$351$205$117$11
42 years$909$557$329$189$106$9
43 years$878$531$309$174$96$8
44 years$848$506$290$161$87$7
45 years$820$483$272$149$79$6
46 years$793$461$256$137$72$5
47 years$768$440$240$127$65$4
48 years$743$420$226$117$59$4
49 years$720$401$212$108$54$3
50 years$697$383$200$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $714,000, adding $3,014 every year, while hoping to spend $37,197 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: 26/49/25 Blend
66$714,000$714,000$714,000$714,000
67$789,937$752,095$741,028$804,197
68$830,933$749,370$726,275$813,245
69$874,864$745,265$709,781$819,534
70$921,991$739,673$691,449$825,502
71$972,597$732,481$671,176$831,145
72$1,026,997$723,568$648,856$836,464
73$1,085,535$712,807$624,376$841,463
74$1,148,588$700,062$597,621$846,151
75$1,216,570$685,192$568,468$850,542
76$1,289,938$668,044$536,789$854,655
77$1,369,192$648,458$502,452$858,517
78$1,454,881$626,264$465,315$862,163
79$1,547,610$601,283$425,235$865,636
80$1,648,045$573,324$382,059$868,989
81$1,756,915$542,186$335,627$872,287
82$1,875,024$507,657$285,774$875,608
83$2,003,255$469,511$232,327$879,046
84$2,142,581$427,511$175,103$882,709
85$2,294,071$381,405$113,916$886,726
86$2,458,900$330,928$48,566$891,247
87$2,638,363$275,799$0$896,444
88$2,833,884$215,721$0$908,168
89$3,047,030$150,381$0$935,190
90$3,279,525$79,448$0$964,868
91$3,533,269$2,573$0$997,564
92$3,810,350$0$0$1,033,688
93$4,113,070$0$0$1,117,163
94$4,443,959$0$0$1,210,038
95$4,805,807$0$0$1,311,722
96$5,201,684$0$0$1,423,094
97$5,634,969$0$0$1,545,119
98$6,109,384$0$0$1,678,862
99$6,629,029$0$0$1,825,495
100$7,198,417$0$0$1,986,310