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%12.6%
1 years$59,870$59,337$58,816$58,308$57,813$57,185
2 years$29,639$29,087$28,552$28,033$27,530$26,898
3 years$19,563$19,008$18,475$17,961$17,466$16,849
4 years$14,526$13,973$13,445$12,940$12,457$11,860
5 years$11,504$10,955$10,434$9,939$9,470$8,895
6 years$9,491$8,946$8,432$7,948$7,493$6,941
7 years$8,053$7,513$7,007$6,535$6,094$5,564
8 years$6,975$6,440$5,943$5,482$5,055$4,549
9 years$6,138$5,607$5,118$4,669$4,257$3,773
10 years$5,468$4,942$4,462$4,025$3,627$3,165
11 years$4,920$4,400$3,929$3,503$3,120$2,679
12 years$4,464$3,949$3,486$3,073$2,704$2,285
13 years$4,078$3,569$3,115$2,713$2,358$1,959
14 years$3,748$3,244$2,799$2,408$2,067$1,689
15 years$3,462$2,963$2,527$2,147$1,820$1,461
16 years$3,212$2,719$2,291$1,923$1,608$1,269
17 years$2,992$2,504$2,085$1,728$1,426$1,105
18 years$2,796$2,314$1,903$1,557$1,268$965
19 years$2,621$2,144$1,742$1,407$1,130$844
20 years$2,464$1,993$1,599$1,274$1,009$740
21 years$2,322$1,856$1,471$1,156$903$650
22 years$2,193$1,733$1,355$1,051$810$571
23 years$2,076$1,620$1,252$958$727$503
24 years$1,968$1,518$1,157$873$653$443
25 years$1,869$1,425$1,072$798$588$391
26 years$1,778$1,339$994$729$530$345
27 years$1,694$1,260$923$668$477$305
28 years$1,616$1,188$858$612$431$269
29 years$1,543$1,120$799$561$389$238
30 years$1,476$1,058$744$515$351$211
31 years$1,413$1,000$694$473$318$187
32 years$1,354$946$647$434$287$165
33 years$1,298$896$604$400$260$146
34 years$1,246$849$565$368$236$130
35 years$1,198$806$528$338$213$115
36 years$1,151$765$494$312$193$102
37 years$1,108$726$462$287$175$90
38 years$1,067$690$433$265$159$80
39 years$1,028$656$405$244$144$71
40 years$991$624$380$225$131$63
41 years$956$594$356$208$119$56
42 years$923$566$334$192$108$50
43 years$891$539$314$177$98$44
44 years$861$514$294$163$89$39
45 years$833$490$276$151$80$35
46 years$805$468$260$139$73$31
47 years$779$446$244$129$66$27
48 years$754$426$229$119$60$24
49 years$731$407$215$110$55$22
50 years$708$389$203$102$50$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $725,000, adding $4,332 every year, while hoping to spend $59,766 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: 72/19/9 Blend
66$725,000$725,000$725,000$725,000
67$803,418$764,993$753,756$859,663
68$821,777$738,888$715,416$871,296
69$840,004$709,499$673,789$876,201
70$858,025$676,605$628,701$879,927
71$875,752$639,968$579,971$882,340
72$893,089$599,336$527,411$883,298
73$909,927$554,447$470,822$882,641
74$926,143$505,018$409,998$880,200
75$941,601$450,755$344,724$875,784
76$956,146$391,344$274,774$869,191
77$969,608$326,455$199,914$860,196
78$981,795$255,738$119,898$848,556
79$992,493$178,824$34,470$834,003
80$1,001,465$95,325$0$816,247
81$1,008,446$4,827$0$800,414
82$1,013,142$0$0$784,599
83$1,015,224$0$0$784,603
84$1,014,329$0$0$783,234
85$1,010,052$0$0$779,161
86$1,001,945$0$0$772,028
87$989,511$0$0$761,439
88$972,198$0$0$746,956
89$949,394$0$0$728,093
90$920,422$0$0$704,312
91$884,532$0$0$675,017
92$840,893$0$0$639,548
93$788,586$0$0$597,175
94$726,595$0$0$547,090
95$653,794$0$0$488,400
96$568,940$0$0$420,117
97$470,657$0$0$341,149
98$357,425$0$0$250,290
99$227,564$0$0$146,204
100$79,219$0$0$27,419