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%11.1%
1 years$60,118$59,582$59,060$58,550$58,052$57,783
2 years$29,761$29,207$28,670$28,149$27,644$27,372
3 years$19,644$19,087$18,551$18,035$17,538$17,273
4 years$14,586$14,031$13,501$12,993$12,508$12,251
5 years$11,552$11,000$10,477$9,980$9,509$9,260
6 years$9,530$8,983$8,467$7,981$7,524$7,284
7 years$8,087$7,544$7,036$6,562$6,119$5,888
8 years$7,004$6,466$5,967$5,505$5,076$4,855
9 years$6,163$5,630$5,139$4,689$4,275$4,062
10 years$5,490$4,963$4,481$4,042$3,642$3,439
11 years$4,940$4,418$3,945$3,517$3,133$2,938
12 years$4,482$3,965$3,501$3,085$2,715$2,529
13 years$4,095$3,583$3,128$2,724$2,367$2,190
14 years$3,763$3,257$2,810$2,418$2,075$1,906
15 years$3,476$2,976$2,537$2,156$1,827$1,666
16 years$3,225$2,730$2,300$1,931$1,615$1,462
17 years$3,004$2,514$2,093$1,735$1,432$1,286
18 years$2,808$2,323$1,911$1,563$1,273$1,135
19 years$2,632$2,153$1,749$1,413$1,135$1,004
20 years$2,474$2,001$1,606$1,279$1,014$890
21 years$2,332$1,864$1,477$1,161$907$790
22 years$2,202$1,740$1,361$1,056$813$702
23 years$2,084$1,627$1,257$962$730$625
24 years$1,976$1,525$1,162$877$656$557
25 years$1,877$1,431$1,076$801$590$497
26 years$1,785$1,345$998$732$532$444
27 years$1,701$1,265$927$670$479$397
28 years$1,623$1,192$862$614$433$355
29 years$1,550$1,125$802$563$391$318
30 years$1,482$1,062$747$517$353$285
31 years$1,419$1,004$696$475$319$255
32 years$1,359$950$650$436$289$229
33 years$1,304$900$607$401$261$205
34 years$1,252$853$567$369$236$184
35 years$1,202$809$530$340$214$165
36 years$1,156$768$496$313$194$148
37 years$1,113$729$464$288$176$133
38 years$1,071$693$435$266$159$120
39 years$1,032$659$407$245$145$108
40 years$995$627$382$226$131$97
41 years$960$597$358$209$119$87
42 years$927$568$336$192$108$78
43 years$895$542$315$178$98$70
44 years$865$516$296$164$89$63
45 years$836$492$278$151$81$57
46 years$809$470$261$140$73$51
47 years$783$448$245$129$67$46
48 years$758$428$230$119$60$41
49 years$734$409$216$110$55$37
50 years$711$390$203$102$50$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $728,000, adding $5,597 every year, while hoping to spend $49,530 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: 68/26/6 Blend
66$728,000$728,000$728,000$728,000
67$808,029$769,445$758,161$861,891
68$837,749$754,449$730,860$883,297
69$868,840$737,057$700,984$900,139
70$901,389$717,101$668,395$917,211
71$935,493$694,401$632,949$934,526
72$971,253$668,766$594,492$952,100
73$1,008,782$639,996$552,868$969,953
74$1,048,199$607,878$507,912$988,106
75$1,089,638$572,187$459,449$1,006,587
76$1,133,241$532,684$407,301$1,025,428
77$1,179,165$489,118$351,278$1,044,663
78$1,227,577$441,223$291,184$1,064,337
79$1,278,665$388,718$226,813$1,084,498
80$1,332,628$331,304$157,951$1,105,204
81$1,389,687$268,669$84,373$1,126,518
82$1,450,082$200,480$5,846$1,148,517
83$1,514,074$126,388$0$1,171,287
84$1,581,950$46,021$0$1,199,915
85$1,654,023$0$0$1,230,247
86$1,730,634$0$0$1,273,785
87$1,812,159$0$0$1,334,149
88$1,899,007$0$0$1,398,479
89$1,991,627$0$0$1,467,111
90$2,090,510$0$0$1,540,412
91$2,196,195$0$0$1,618,785
92$2,309,272$0$0$1,702,671
93$2,430,389$0$0$1,792,555
94$2,560,254$0$0$1,888,968
95$2,699,648$0$0$1,992,492
96$2,849,425$0$0$2,103,768
97$3,010,523$0$0$2,223,497
98$3,183,973$0$0$2,352,451
99$3,370,905$0$0$2,491,475
100$3,572,563$0$0$2,641,501