Can I retire at age 67 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$59,870$59,337$58,816$58,308$57,813$56,785
2 years$29,639$29,087$28,552$28,033$27,530$26,498
3 years$19,563$19,008$18,475$17,961$17,466$16,462
4 years$14,526$13,973$13,445$12,940$12,457$11,489
5 years$11,504$10,955$10,434$9,939$9,470$8,540
6 years$9,491$8,946$8,432$7,948$7,493$6,603
7 years$8,053$7,513$7,007$6,535$6,094$5,243
8 years$6,975$6,440$5,943$5,482$5,055$4,244
9 years$6,138$5,607$5,118$4,669$4,257$3,485
10 years$5,468$4,942$4,462$4,025$3,627$2,894
11 years$4,920$4,400$3,929$3,503$3,120$2,424
12 years$4,464$3,949$3,486$3,073$2,704$2,044
13 years$4,078$3,569$3,115$2,713$2,358$1,734
14 years$3,748$3,244$2,799$2,408$2,067$1,477
15 years$3,462$2,963$2,527$2,147$1,820$1,264
16 years$3,212$2,719$2,291$1,923$1,608$1,085
17 years$2,992$2,504$2,085$1,728$1,426$933
18 years$2,796$2,314$1,903$1,557$1,268$805
19 years$2,621$2,144$1,742$1,407$1,130$696
20 years$2,464$1,993$1,599$1,274$1,009$602
21 years$2,322$1,856$1,471$1,156$903$522
22 years$2,193$1,733$1,355$1,051$810$453
23 years$2,076$1,620$1,252$958$727$394
24 years$1,968$1,518$1,157$873$653$342
25 years$1,869$1,425$1,072$798$588$298
26 years$1,778$1,339$994$729$530$259
27 years$1,694$1,260$923$668$477$226
28 years$1,616$1,188$858$612$431$197
29 years$1,543$1,120$799$561$389$172
30 years$1,476$1,058$744$515$351$150
31 years$1,413$1,000$694$473$318$131
32 years$1,354$946$647$434$287$114
33 years$1,298$896$604$400$260$100
34 years$1,246$849$565$368$236$87
35 years$1,198$806$528$338$213$76
36 years$1,151$765$494$312$193$67
37 years$1,108$726$462$287$175$58
38 years$1,067$690$433$265$159$51
39 years$1,028$656$405$244$144$44
40 years$991$624$380$225$131$39
41 years$956$594$356$208$119$34
42 years$923$566$334$192$108$30
43 years$891$539$314$177$98$26
44 years$861$514$294$163$89$23
45 years$833$490$276$151$80$20
46 years$805$468$260$139$73$17
47 years$779$446$244$129$66$15
48 years$754$426$229$119$60$13
49 years$731$407$215$110$55$12
50 years$708$389$203$102$50$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $725,000, adding $2,399 every year, while hoping to spend $25,891 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: 55/37/8 Blend
66$725,000$725,000$725,000$725,000
67$801,425$763,000$751,762$843,852
68$855,622$772,839$749,398$882,633
69$914,480$782,292$746,088$921,769
70$978,446$791,314$741,771$963,753
71$1,048,014$799,854$736,386$1,008,858
72$1,123,725$807,861$729,869$1,057,389
73$1,206,176$815,277$722,151$1,109,678
74$1,296,024$822,044$713,161$1,166,096
75$1,393,991$828,097$702,824$1,227,049
76$1,500,873$833,368$691,064$1,292,987
77$1,617,544$837,786$677,797$1,364,405
78$1,744,969$841,273$662,938$1,441,850
79$1,884,208$843,747$646,399$1,525,926
80$2,036,429$845,122$628,085$1,617,301
81$2,202,917$845,305$607,898$1,716,708
82$2,385,089$844,199$585,736$1,824,961
83$2,584,502$841,699$561,493$1,942,953
84$2,802,873$837,695$535,055$2,071,674
85$3,042,094$832,069$506,307$2,212,215
86$3,304,244$824,697$475,125$2,365,778
87$3,591,618$815,448$441,382$2,533,692
88$3,906,739$804,181$404,944$2,717,422
89$4,252,389$790,749$365,673$2,918,584
90$4,631,631$774,994$323,421$3,138,962
91$5,047,838$756,750$278,037$3,380,524
92$5,504,728$735,841$229,362$3,645,442
93$6,006,395$712,081$177,229$3,936,110
94$6,557,347$685,273$121,466$4,255,171
95$7,162,552$655,207$61,891$4,605,541
96$7,827,484$621,664$0$4,990,434
97$8,558,171$584,409$0$5,413,543
98$9,361,254$543,195$0$5,884,284
99$10,244,052$497,762$0$6,401,701
100$11,214,626$447,833$0$6,970,573