Can I retire at age 67 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$59,622$59,091$58,573$58,067$57,573$56,783
2 years$29,516$28,966$28,433$27,917$27,416$26,621
3 years$19,482$18,930$18,398$17,887$17,394$16,619
4 years$14,466$13,915$13,389$12,886$12,405$11,657
5 years$11,457$10,910$10,391$9,898$9,430$8,710
6 years$9,452$8,909$8,397$7,915$7,462$6,771
7 years$8,020$7,481$6,978$6,508$6,069$5,407
8 years$6,947$6,413$5,918$5,459$5,034$4,402
9 years$6,112$5,584$5,097$4,650$4,240$3,637
10 years$5,445$4,922$4,444$4,008$3,612$3,038
11 years$4,900$4,382$3,912$3,488$3,107$2,561
12 years$4,445$3,933$3,472$3,060$2,692$2,174
13 years$4,061$3,554$3,102$2,701$2,348$1,856
14 years$3,732$3,230$2,787$2,398$2,058$1,592
15 years$3,448$2,951$2,516$2,139$1,812$1,371
16 years$3,199$2,708$2,282$1,915$1,601$1,185
17 years$2,979$2,494$2,076$1,720$1,420$1,027
18 years$2,784$2,304$1,895$1,551$1,263$892
19 years$2,610$2,135$1,735$1,401$1,125$777
20 years$2,454$1,984$1,592$1,269$1,005$677
21 years$2,312$1,848$1,465$1,152$900$592
22 years$2,184$1,725$1,350$1,047$806$517
23 years$2,067$1,614$1,246$954$724$453
24 years$1,960$1,512$1,153$870$651$397
25 years$1,861$1,419$1,068$794$585$348
26 years$1,771$1,334$990$726$527$306
27 years$1,687$1,255$919$665$475$269
28 years$1,609$1,183$855$609$429$236
29 years$1,537$1,116$795$559$387$208
30 years$1,470$1,054$741$513$350$183
31 years$1,407$996$691$471$316$161
32 years$1,348$942$644$433$286$142
33 years$1,293$892$602$398$259$125
34 years$1,241$846$562$366$235$110
35 years$1,193$802$526$337$212$97
36 years$1,147$761$492$310$192$85
37 years$1,103$723$460$286$174$75
38 years$1,062$687$431$264$158$66
39 years$1,024$654$404$243$143$58
40 years$987$622$378$224$130$52
41 years$952$592$355$207$118$45
42 years$919$564$333$191$107$40
43 years$888$537$312$176$97$35
44 years$858$512$293$163$88$31
45 years$829$488$275$150$80$27
46 years$802$466$259$139$73$24
47 years$776$444$243$128$66$21
48 years$751$424$228$118$60$19
49 years$728$405$215$109$54$17
50 years$705$387$202$101$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $722,000, adding $2,841 every year, while hoping to spend $31,458 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: 68/22/10 Blend
66$722,000$722,000$722,000$722,000
67$798,574$760,308$749,117$851,060
68$846,558$764,093$740,742$890,064
69$898,382$767,008$731,031$928,656
70$954,403$768,978$719,908$970,032
71$1,015,018$769,923$707,290$1,014,462
72$1,080,658$769,758$693,092$1,062,241
73$1,151,799$768,390$677,225$1,113,696
74$1,228,966$765,725$659,596$1,169,187
75$1,312,734$761,658$640,106$1,229,113
76$1,403,736$756,083$618,652$1,293,912
77$1,502,670$748,883$595,129$1,364,069
78$1,610,300$739,937$569,425$1,440,118
79$1,727,471$729,114$541,421$1,522,649
80$1,855,111$716,278$510,996$1,612,315
81$1,994,240$701,284$478,022$1,709,832
82$2,145,983$683,977$442,366$1,815,994
83$2,311,575$664,194$403,888$1,931,676
84$2,492,379$641,763$362,441$2,057,844
85$2,689,894$616,501$317,875$2,195,562
86$2,905,768$588,215$270,029$2,346,006
87$3,141,819$556,700$218,738$2,510,473
88$3,400,047$521,741$163,828$2,690,395
89$3,682,654$483,108$105,118$2,887,349
90$3,992,064$440,560$42,419$3,103,078
91$4,330,948$393,841$0$3,339,504
92$4,702,246$342,681$0$3,601,360
93$5,109,198$286,795$0$3,893,372
94$5,555,369$225,881$0$4,213,611
95$6,044,689$159,620$0$4,564,949
96$6,581,483$87,678$0$4,950,550
97$7,170,517$9,697$0$5,373,903
98$7,817,041$0$0$5,838,854
99$8,526,838$0$0$6,367,730
100$9,306,276$0$0$6,951,118