Can I retire at age 67 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$60,118$59,582$59,060$58,550$58,052$57,734
2 years$29,761$29,207$28,670$28,149$27,644$27,323
3 years$19,644$19,087$18,551$18,035$17,538$17,225
4 years$14,586$14,031$13,501$12,993$12,508$12,205
5 years$11,552$11,000$10,477$9,980$9,509$9,215
6 years$9,530$8,983$8,467$7,981$7,524$7,241
7 years$8,087$7,544$7,036$6,562$6,119$5,847
8 years$7,004$6,466$5,967$5,505$5,076$4,815
9 years$6,163$5,630$5,139$4,689$4,275$4,025
10 years$5,490$4,963$4,481$4,042$3,642$3,403
11 years$4,940$4,418$3,945$3,517$3,133$2,904
12 years$4,482$3,965$3,501$3,085$2,715$2,496
13 years$4,095$3,583$3,128$2,724$2,367$2,159
14 years$3,763$3,257$2,810$2,418$2,075$1,877
15 years$3,476$2,976$2,537$2,156$1,827$1,638
16 years$3,225$2,730$2,300$1,931$1,615$1,435
17 years$3,004$2,514$2,093$1,735$1,432$1,261
18 years$2,808$2,323$1,911$1,563$1,273$1,112
19 years$2,632$2,153$1,749$1,413$1,135$982
20 years$2,474$2,001$1,606$1,279$1,014$869
21 years$2,332$1,864$1,477$1,161$907$770
22 years$2,202$1,740$1,361$1,056$813$684
23 years$2,084$1,627$1,257$962$730$608
24 years$1,976$1,525$1,162$877$656$541
25 years$1,877$1,431$1,076$801$590$482
26 years$1,785$1,345$998$732$532$430
27 years$1,701$1,265$927$670$479$384
28 years$1,623$1,192$862$614$433$343
29 years$1,550$1,125$802$563$391$306
30 years$1,482$1,062$747$517$353$274
31 years$1,419$1,004$696$475$319$245
32 years$1,359$950$650$436$289$219
33 years$1,304$900$607$401$261$196
34 years$1,252$853$567$369$236$176
35 years$1,202$809$530$340$214$158
36 years$1,156$768$496$313$194$141
37 years$1,113$729$464$288$176$127
38 years$1,071$693$435$266$159$114
39 years$1,032$659$407$245$145$102
40 years$995$627$382$226$131$91
41 years$960$597$358$209$119$82
42 years$927$568$336$192$108$74
43 years$895$542$315$178$98$66
44 years$865$516$296$164$89$59
45 years$836$492$278$151$81$53
46 years$809$470$261$140$73$48
47 years$783$448$245$129$67$43
48 years$758$428$230$119$60$38
49 years$734$409$216$110$55$35
50 years$711$390$203$102$50$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $728,000, adding $4,755 every year, while hoping to spend $38,229 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: 34/47/19 Blend
66$728,000$728,000$728,000$728,000
67$807,161$768,577$757,293$829,750
68$848,816$765,562$741,987$843,786
69$893,438$761,118$724,887$855,038
70$941,291$755,134$705,892$866,372
71$992,661$747,494$684,898$877,818
72$1,047,865$738,074$661,794$889,410
73$1,107,249$726,741$636,466$901,192
74$1,171,194$713,357$608,793$913,214
75$1,240,118$697,774$578,650$925,535
76$1,314,480$679,835$545,905$938,225
77$1,394,785$659,375$510,421$951,364
78$1,481,587$636,219$472,055$965,045
79$1,575,497$610,181$430,656$979,376
80$1,677,182$581,064$386,068$994,480
81$1,787,381$548,663$338,127$1,010,500
82$1,906,902$512,756$286,663$1,027,596
83$2,036,637$473,111$231,497$1,045,953
84$2,177,564$429,484$172,442$1,065,781
85$2,330,762$381,615$109,305$1,087,317
86$2,497,414$329,229$41,882$1,110,830
87$2,678,827$272,037$0$1,136,625
88$2,876,433$209,733$0$1,171,141
89$3,091,813$141,994$0$1,218,127
90$3,326,704$68,477$0$1,269,565
91$3,583,019$0$0$1,325,994
92$3,862,864$0$0$1,393,796
93$4,168,555$0$0$1,506,646
94$4,502,645$0$0$1,630,083
95$4,867,942$0$0$1,765,158
96$5,267,540$0$0$1,913,028
97$5,704,843$0$0$2,074,967
98$6,183,601$0$0$2,252,379
99$6,707,944$0$0$2,446,808
100$7,282,419$0$0$2,659,957