Can I retire at age 67 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$59,540$59,009$58,492$57,987$57,494$56,658
2 years$29,475$28,926$28,394$27,878$27,378$26,538
3 years$19,455$18,903$18,373$17,862$17,370$16,551
4 years$14,446$13,896$13,371$12,868$12,388$11,597
5 years$11,441$10,895$10,376$9,884$9,417$8,657
6 years$9,439$8,896$8,386$7,904$7,452$6,722
7 years$8,009$7,471$6,968$6,499$6,060$5,362
8 years$6,937$6,404$5,910$5,452$5,027$4,361
9 years$6,104$5,576$5,090$4,644$4,234$3,598
10 years$5,438$4,915$4,438$4,003$3,607$3,002
11 years$4,893$4,375$3,907$3,484$3,103$2,527
12 years$4,439$3,927$3,467$3,056$2,689$2,142
13 years$4,056$3,549$3,098$2,698$2,345$1,827
14 years$3,727$3,226$2,783$2,395$2,055$1,565
15 years$3,443$2,947$2,513$2,136$1,810$1,346
16 years$3,194$2,704$2,278$1,912$1,599$1,162
17 years$2,975$2,490$2,073$1,718$1,418$1,005
18 years$2,781$2,301$1,893$1,548$1,261$872
19 years$2,607$2,133$1,733$1,399$1,124$758
20 years$2,450$1,982$1,590$1,267$1,004$660
21 years$2,309$1,846$1,463$1,150$898$576
22 years$2,181$1,723$1,348$1,046$805$503
23 years$2,064$1,611$1,245$952$723$439
24 years$1,957$1,510$1,151$869$650$385
25 years$1,859$1,417$1,066$793$585$337
26 years$1,768$1,332$989$725$527$295
27 years$1,685$1,253$918$664$475$259
28 years$1,607$1,181$854$608$428$227
29 years$1,535$1,114$794$558$387$199
30 years$1,468$1,052$740$512$350$175
31 years$1,405$995$690$470$316$154
32 years$1,346$941$644$432$286$135
33 years$1,291$891$601$397$259$119
34 years$1,240$845$561$366$234$105
35 years$1,191$801$525$337$212$92
36 years$1,145$760$491$310$192$81
37 years$1,102$722$460$286$174$71
38 years$1,061$686$430$263$158$63
39 years$1,022$653$403$243$143$55
40 years$986$621$378$224$130$49
41 years$951$591$354$207$118$43
42 years$918$563$332$191$107$38
43 years$887$536$312$176$97$33
44 years$857$511$293$162$88$29
45 years$828$488$275$150$80$26
46 years$801$465$258$139$73$23
47 years$775$444$243$128$66$20
48 years$750$424$228$118$60$18
49 years$727$405$214$109$54$15
50 years$704$387$201$101$49$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $721,000, adding $6,191 every year, while hoping to spend $34,668 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: 83/6/11 Blend
66$721,000$721,000$721,000$721,000
67$800,928$762,715$751,540$865,438
68$845,736$763,202$739,830$909,072
69$893,953$762,550$726,565$951,731
70$945,889$760,668$711,659$997,531
71$1,001,887$757,458$695,016$1,046,768
72$1,062,321$752,815$676,540$1,099,769
73$1,127,604$746,629$656,131$1,156,891
74$1,198,188$738,783$633,680$1,218,530
75$1,274,573$729,153$609,079$1,285,121
76$1,357,306$717,608$582,209$1,357,144
77$1,446,988$704,007$552,950$1,435,126
78$1,544,282$688,205$521,175$1,519,650
79$1,649,915$670,043$486,751$1,611,357
80$1,764,689$649,358$449,539$1,710,952
81$1,889,484$625,973$409,395$1,819,215
82$2,025,268$599,703$366,167$1,937,003
83$2,173,110$570,352$319,697$2,065,261
84$2,334,180$537,713$269,821$2,205,030
85$2,509,772$501,566$216,365$2,357,459
86$2,701,305$461,679$159,150$2,523,812
87$2,910,344$417,807$97,987$2,705,482
88$3,138,611$369,691$32,681$2,904,007
89$3,388,000$317,057$0$3,121,079
90$3,660,599$259,615$0$3,362,909
91$3,958,703$197,060$0$3,631,584
92$4,284,843$129,068$0$3,925,559
93$4,641,803$55,299$0$4,247,358
94$5,032,651$0$0$4,599,765
95$5,460,762$0$0$4,987,468
96$5,929,856$0$0$5,416,301
97$6,444,029$0$0$5,886,358
98$7,007,792$0$0$6,401,765
99$7,626,112$0$0$6,967,066
100$8,304,462$0$0$7,587,266