Can I retire at age 67 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$60,283$59,746$59,222$58,711$58,211$57,129
2 years$29,843$29,287$28,748$28,226$27,720$26,634
3 years$19,698$19,139$18,602$18,085$17,586$16,530
4 years$14,626$14,070$13,538$13,029$12,543$11,525
5 years$11,584$11,031$10,506$10,008$9,535$8,558
6 years$9,556$9,007$8,490$8,003$7,545$6,609
7 years$8,109$7,564$7,055$6,580$6,136$5,243
8 years$7,024$6,484$5,984$5,520$5,090$4,239
9 years$6,180$5,646$5,154$4,702$4,287$3,477
10 years$5,505$4,976$4,493$4,053$3,652$2,883
11 years$4,954$4,430$3,956$3,527$3,141$2,412
12 years$4,495$3,976$3,510$3,094$2,722$2,031
13 years$4,106$3,593$3,136$2,731$2,374$1,721
14 years$3,774$3,266$2,818$2,425$2,081$1,464
15 years$3,486$2,984$2,544$2,162$1,832$1,251
16 years$3,234$2,738$2,307$1,936$1,619$1,072
17 years$3,012$2,521$2,099$1,740$1,436$921
18 years$2,815$2,330$1,916$1,568$1,277$793
19 years$2,639$2,159$1,754$1,417$1,138$685
20 years$2,481$2,006$1,610$1,283$1,016$592
21 years$2,338$1,869$1,481$1,164$910$512
22 years$2,208$1,745$1,365$1,059$815$444
23 years$2,090$1,632$1,260$964$732$385
24 years$1,982$1,529$1,165$879$658$334
25 years$1,882$1,435$1,079$803$592$290
26 years$1,790$1,348$1,001$734$533$253
27 years$1,706$1,269$930$672$481$220
28 years$1,627$1,196$864$616$434$191
29 years$1,554$1,128$804$565$392$167
30 years$1,486$1,065$749$518$354$145
31 years$1,422$1,007$698$476$320$126
32 years$1,363$953$652$437$289$110
33 years$1,307$902$608$402$262$96
34 years$1,255$855$568$370$237$84
35 years$1,206$811$531$341$215$73
36 years$1,159$770$497$314$195$64
37 years$1,116$731$465$289$176$56
38 years$1,074$695$436$266$160$49
39 years$1,035$661$408$246$145$42
40 years$998$629$383$227$132$37
41 years$963$598$359$209$119$32
42 years$929$570$337$193$108$28
43 years$898$543$316$178$98$25
44 years$867$518$296$164$89$21
45 years$839$494$278$152$81$19
46 years$811$471$261$140$74$16
47 years$785$449$246$130$67$14
48 years$760$429$231$120$61$12
49 years$736$410$217$111$55$11
50 years$713$391$204$102$50$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $730,000, adding $3,083 every year, while hoping to spend $24,343 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: 25/47/28 Blend
66$730,000$730,000$730,000$730,000
67$807,640$768,950$757,635$820,681
68$864,119$780,728$757,115$843,581
69$925,542$792,267$755,762$865,848
70$992,389$803,530$753,522$889,218
71$1,065,187$814,476$750,338$913,799
72$1,144,514$825,064$746,153$939,715
73$1,231,009$835,247$740,904$967,099
74$1,325,374$844,976$734,526$996,103
75$1,428,381$854,199$726,952$1,026,894
76$1,540,881$862,860$718,110$1,059,658
77$1,663,811$870,900$707,927$1,094,603
78$1,798,201$878,255$696,323$1,131,958
79$1,945,186$884,859$683,219$1,171,980
80$2,106,017$890,638$668,528$1,214,954
81$2,282,068$895,517$652,161$1,261,193
82$2,474,855$899,413$634,025$1,311,050
83$2,686,047$902,242$614,022$1,364,912
84$2,917,482$903,909$592,049$1,423,211
85$3,171,183$904,318$568,001$1,486,426
86$3,449,379$903,365$541,764$1,555,087
87$3,754,525$900,940$513,223$1,629,782
88$4,089,325$896,925$482,254$1,711,164
89$4,456,758$891,196$448,732$1,799,954
90$4,860,104$883,621$412,521$1,896,953
91$5,302,978$874,061$373,483$2,003,048
92$5,789,359$862,368$331,473$2,119,221
93$6,323,634$848,384$286,337$2,246,557
94$6,910,633$831,944$237,918$2,386,261
95$7,555,679$812,871$186,050$2,539,664
96$8,264,635$790,978$130,559$2,708,238
97$9,043,960$766,068$71,265$2,893,615
98$9,900,771$737,932$7,979$3,097,597
99$10,842,907$706,348$0$3,322,178
100$11,879,008$671,083$0$3,587,357