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%11.1%
1 years$59,540$59,009$58,492$57,987$57,494$57,227
2 years$29,475$28,926$28,394$27,878$27,378$27,109
3 years$19,455$18,903$18,373$17,862$17,370$17,107
4 years$14,446$13,896$13,371$12,868$12,388$12,133
5 years$11,441$10,895$10,376$9,884$9,417$9,171
6 years$9,439$8,896$8,386$7,904$7,452$7,214
7 years$8,009$7,471$6,968$6,499$6,060$5,832
8 years$6,937$6,404$5,910$5,452$5,027$4,808
9 years$6,104$5,576$5,090$4,644$4,234$4,023
10 years$5,438$4,915$4,438$4,003$3,607$3,406
11 years$4,893$4,375$3,907$3,484$3,103$2,910
12 years$4,439$3,927$3,467$3,056$2,689$2,504
13 years$4,056$3,549$3,098$2,698$2,345$2,169
14 years$3,727$3,226$2,783$2,395$2,055$1,888
15 years$3,443$2,947$2,513$2,136$1,810$1,650
16 years$3,194$2,704$2,278$1,912$1,599$1,448
17 years$2,975$2,490$2,073$1,718$1,418$1,274
18 years$2,781$2,301$1,893$1,548$1,261$1,124
19 years$2,607$2,133$1,733$1,399$1,124$994
20 years$2,450$1,982$1,590$1,267$1,004$881
21 years$2,309$1,846$1,463$1,150$898$782
22 years$2,181$1,723$1,348$1,046$805$696
23 years$2,064$1,611$1,245$952$723$619
24 years$1,957$1,510$1,151$869$650$552
25 years$1,859$1,417$1,066$793$585$493
26 years$1,768$1,332$989$725$527$440
27 years$1,685$1,253$918$664$475$393
28 years$1,607$1,181$854$608$428$352
29 years$1,535$1,114$794$558$387$315
30 years$1,468$1,052$740$512$350$282
31 years$1,405$995$690$470$316$253
32 years$1,346$941$644$432$286$227
33 years$1,291$891$601$397$259$203
34 years$1,240$845$561$366$234$182
35 years$1,191$801$525$337$212$164
36 years$1,145$760$491$310$192$147
37 years$1,102$722$460$286$174$132
38 years$1,061$686$430$263$158$119
39 years$1,022$653$403$243$143$106
40 years$986$621$378$224$130$96
41 years$951$591$354$207$118$86
42 years$918$563$332$191$107$77
43 years$887$536$312$176$97$69
44 years$857$511$293$162$88$62
45 years$828$488$275$150$80$56
46 years$801$465$258$139$73$51
47 years$775$444$243$128$66$45
48 years$750$424$228$118$60$41
49 years$727$405$214$109$54$37
50 years$704$387$201$101$49$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $721,000, adding $3,863 every year, while hoping to spend $30,405 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: 69/8/23 Blend
66$721,000$721,000$721,000$721,000
67$798,527$760,314$749,138$848,736
68$847,626$765,218$741,884$887,737
69$900,714$769,344$733,367$926,510
70$958,166$772,621$723,514$968,214
71$1,020,394$774,975$712,246$1,013,139
72$1,087,850$776,325$699,483$1,061,603
73$1,161,034$776,588$685,139$1,113,957
74$1,240,492$775,673$669,124$1,170,589
75$1,326,827$773,487$651,345$1,231,928
76$1,420,703$769,927$631,704$1,298,446
77$1,522,848$764,886$610,099$1,370,663
78$1,634,065$758,252$586,424$1,449,156
79$1,755,236$749,903$560,565$1,534,559
80$1,887,333$739,711$532,407$1,627,572
81$2,031,425$727,541$501,828$1,728,968
82$2,188,690$713,250$468,698$1,839,600
83$2,360,423$696,686$432,886$1,960,408
84$2,548,050$677,687$394,252$2,092,431
85$2,753,141$656,084$352,649$2,236,813
86$2,977,425$631,696$307,926$2,394,818
87$3,222,804$604,331$259,924$2,567,839
88$3,491,376$573,789$208,477$2,757,414
89$3,785,447$539,855$153,412$2,965,238
90$4,107,559$502,304$94,547$3,193,182
91$4,460,510$460,897$31,694$3,443,309
92$4,847,382$415,381$0$3,717,894
93$5,271,570$365,490$0$4,028,131
94$5,736,813$310,942$0$4,376,970
95$6,247,228$251,438$0$4,759,731
96$6,807,351$186,664$0$5,179,835
97$7,422,178$116,288$0$5,641,053
98$8,097,212$39,958$0$6,147,540
99$8,838,516$0$0$6,703,874
100$9,652,768$0$0$7,318,858