Can I retire at age 67 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$59,127$58,600$58,086$57,585$57,095$56,499
2 years$29,271$28,725$28,197$27,685$27,188$26,588
3 years$19,320$18,772$18,245$17,738$17,249$16,663
4 years$14,346$13,800$13,278$12,779$12,302$11,735
5 years$11,362$10,819$10,304$9,816$9,352$8,806
6 years$9,373$8,835$8,327$7,850$7,400$6,875
7 years$7,953$7,419$6,920$6,454$6,018$5,514
8 years$6,889$6,360$5,869$5,414$4,993$4,510
9 years$6,061$5,537$5,055$4,611$4,204$3,744
10 years$5,400$4,881$4,407$3,975$3,582$3,143
11 years$4,859$4,345$3,880$3,459$3,081$2,662
12 years$4,408$3,900$3,443$3,034$2,670$2,271
13 years$4,028$3,524$3,076$2,679$2,328$1,949
14 years$3,701$3,204$2,764$2,378$2,041$1,681
15 years$3,419$2,927$2,496$2,121$1,797$1,456
16 years$3,172$2,685$2,263$1,899$1,588$1,265
17 years$2,955$2,473$2,059$1,706$1,408$1,102
18 years$2,761$2,285$1,879$1,538$1,252$963
19 years$2,589$2,118$1,721$1,389$1,116$843
20 years$2,433$1,968$1,579$1,258$997$740
21 years$2,293$1,833$1,452$1,142$892$650
22 years$2,166$1,711$1,339$1,038$800$572
23 years$2,050$1,600$1,236$946$718$504
24 years$1,944$1,499$1,143$862$645$444
25 years$1,846$1,407$1,059$788$581$392
26 years$1,756$1,322$982$720$523$347
27 years$1,673$1,245$912$659$471$306
28 years$1,596$1,173$848$604$425$271
29 years$1,524$1,106$789$554$384$240
30 years$1,457$1,045$735$508$347$212
31 years$1,395$988$685$467$314$188
32 years$1,337$935$639$429$284$167
33 years$1,282$885$597$395$257$148
34 years$1,231$839$558$363$233$131
35 years$1,183$796$521$334$211$116
36 years$1,137$755$488$308$191$103
37 years$1,094$717$456$284$173$92
38 years$1,054$682$427$261$157$81
39 years$1,015$648$400$241$142$72
40 years$979$617$375$222$129$64
41 years$944$587$352$205$117$57
42 years$912$559$330$189$106$51
43 years$880$533$310$175$96$45
44 years$851$508$291$161$87$40
45 years$822$484$273$149$79$35
46 years$795$462$256$138$72$31
47 years$770$441$241$127$65$28
48 years$745$421$226$117$59$25
49 years$722$402$213$109$54$22
50 years$699$384$200$100$49$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $716,000, adding $2,736 every year, while hoping to spend $49,890 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: 29/47/24 Blend
66$716,000$716,000$716,000$716,000
67$791,854$753,906$742,808$808,834
68$819,541$737,765$714,610$806,120
69$848,379$719,161$683,794$798,622
70$878,434$697,920$650,222$789,532
71$909,776$673,860$613,746$778,746
72$942,480$646,785$574,213$766,155
73$976,626$616,491$531,462$751,642
74$1,012,303$582,760$485,327$735,088
75$1,049,604$545,362$435,632$716,367
76$1,088,633$504,054$382,195$695,345
77$1,129,500$458,579$324,825$671,884
78$1,172,324$408,665$263,322$645,840
79$1,217,237$354,025$197,479$617,061
80$1,264,379$294,356$127,078$585,388
81$1,313,903$229,337$51,893$550,657
82$1,365,977$158,630$0$512,695
83$1,420,780$81,876$0$478,581
84$1,478,511$0$0$455,523
85$1,539,384$0$0$430,763
86$1,603,634$0$0$449,368
87$1,671,514$0$0$469,073
88$1,743,304$0$0$489,965
89$1,819,307$0$0$512,138
90$1,899,856$0$0$535,698
91$1,985,312$0$0$560,757
92$2,076,073$0$0$587,440
93$2,172,571$0$0$615,884
94$2,275,282$0$0$646,238
95$2,384,724$0$0$678,665
96$2,501,465$0$0$713,345
97$2,626,130$0$0$750,474
98$2,759,400$0$0$790,268
99$2,902,025$0$0$832,963
100$3,054,823$0$0$878,819