Can I retire at age 67 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$59,044$58,518$58,005$57,504$57,015$55,978
2 years$29,230$28,685$28,158$27,646$27,150$26,109
3 years$19,293$18,746$18,220$17,713$17,225$16,213
4 years$14,325$13,780$13,259$12,761$12,285$11,309
5 years$11,346$10,804$10,290$9,802$9,339$8,402
6 years$9,360$8,822$8,316$7,839$7,390$6,492
7 years$7,942$7,409$6,910$6,445$6,010$5,153
8 years$6,879$6,351$5,861$5,406$4,986$4,169
9 years$6,053$5,530$5,048$4,605$4,199$3,421
10 years$5,392$4,874$4,401$3,969$3,577$2,839
11 years$4,852$4,339$3,874$3,455$3,077$2,376
12 years$4,402$3,895$3,438$3,030$2,666$2,003
13 years$4,022$3,519$3,072$2,675$2,325$1,698
14 years$3,696$3,199$2,760$2,375$2,038$1,446
15 years$3,414$2,922$2,492$2,118$1,794$1,236
16 years$3,168$2,681$2,259$1,896$1,586$1,060
17 years$2,950$2,469$2,056$1,704$1,406$911
18 years$2,757$2,282$1,877$1,535$1,250$785
19 years$2,585$2,115$1,718$1,387$1,114$678
20 years$2,430$1,965$1,577$1,257$995$587
21 years$2,290$1,830$1,450$1,140$891$508
22 years$2,163$1,709$1,337$1,037$799$441
23 years$2,047$1,598$1,234$944$717$383
24 years$1,941$1,497$1,141$861$644$332
25 years$1,843$1,405$1,057$787$580$289
26 years$1,754$1,321$981$719$522$252
27 years$1,671$1,243$911$658$471$219
28 years$1,594$1,171$846$603$425$191
29 years$1,522$1,105$788$553$384$166
30 years$1,455$1,043$734$508$347$145
31 years$1,393$986$684$466$313$126
32 years$1,335$933$638$428$283$110
33 years$1,280$884$596$394$257$96
34 years$1,229$838$557$363$232$84
35 years$1,181$795$521$334$210$73
36 years$1,136$754$487$307$191$64
37 years$1,093$716$456$283$173$56
38 years$1,052$681$427$261$157$49
39 years$1,014$647$400$241$142$43
40 years$978$616$375$222$129$37
41 years$943$586$351$205$117$33
42 years$910$558$330$189$106$28
43 years$879$532$309$174$96$25
44 years$850$507$290$161$87$22
45 years$821$484$273$149$79$19
46 years$794$461$256$137$72$17
47 years$769$440$241$127$65$14
48 years$744$420$226$117$59$13
49 years$721$401$213$108$54$11
50 years$698$383$200$100$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $715,000, adding $3,318 every year, while hoping to spend $48,098 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: 65/28/7 Blend
66$715,000$715,000$715,000$715,000
67$791,353$753,458$742,375$841,577
68$820,895$739,201$716,069$861,144
69$851,838$722,634$687,269$876,492
70$884,275$703,592$655,842$891,997
71$918,305$681,902$621,647$907,669
72$954,037$657,380$584,537$923,522
73$991,588$629,832$544,358$939,573
74$1,031,087$599,051$500,952$955,840
75$1,072,674$564,820$454,149$972,348
76$1,116,500$526,909$403,776$989,126
77$1,162,729$485,074$349,649$1,006,207
78$1,211,543$439,059$291,578$1,023,631
79$1,263,138$388,590$229,364$1,041,445
80$1,317,728$333,381$162,797$1,059,703
81$1,375,548$273,128$91,662$1,078,468
82$1,436,852$207,510$15,731$1,097,812
83$1,501,921$136,188$0$1,117,820
84$1,571,061$58,804$0$1,143,465
85$1,644,604$0$0$1,171,550
86$1,722,918$0$0$1,208,753
87$1,806,402$0$0$1,267,754
88$1,895,496$0$0$1,330,747
89$1,990,680$0$0$1,398,077
90$2,092,481$0$0$1,470,120
91$2,201,477$0$0$1,547,289
92$2,318,300$0$0$1,630,036
93$2,443,645$0$0$1,718,858
94$2,578,276$0$0$1,814,301
95$2,723,028$0$0$1,916,962
96$2,878,820$0$0$2,027,500
97$3,046,662$0$0$2,146,635
98$3,227,661$0$0$2,275,161
99$3,423,035$0$0$2,413,947
100$3,634,120$0$0$2,563,951