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%11.6%
1 years$60,283$59,746$59,222$58,711$58,211$57,820
2 years$29,843$29,287$28,748$28,226$27,720$27,325
3 years$19,698$19,139$18,602$18,085$17,586$17,201
4 years$14,626$14,070$13,538$13,029$12,543$12,169
5 years$11,584$11,031$10,506$10,008$9,535$9,174
6 years$9,556$9,007$8,490$8,003$7,545$7,197
7 years$8,109$7,564$7,055$6,580$6,136$5,802
8 years$7,024$6,484$5,984$5,520$5,090$4,770
9 years$6,180$5,646$5,154$4,702$4,287$3,980
10 years$5,505$4,976$4,493$4,053$3,652$3,359
11 years$4,954$4,430$3,956$3,527$3,141$2,861
12 years$4,495$3,976$3,510$3,094$2,722$2,455
13 years$4,106$3,593$3,136$2,731$2,374$2,119
14 years$3,774$3,266$2,818$2,425$2,081$1,838
15 years$3,486$2,984$2,544$2,162$1,832$1,602
16 years$3,234$2,738$2,307$1,936$1,619$1,400
17 years$3,012$2,521$2,099$1,740$1,436$1,228
18 years$2,815$2,330$1,916$1,568$1,277$1,080
19 years$2,639$2,159$1,754$1,417$1,138$952
20 years$2,481$2,006$1,610$1,283$1,016$840
21 years$2,338$1,869$1,481$1,164$910$743
22 years$2,208$1,745$1,365$1,059$815$659
23 years$2,090$1,632$1,260$964$732$584
24 years$1,982$1,529$1,165$879$658$519
25 years$1,882$1,435$1,079$803$592$461
26 years$1,790$1,348$1,001$734$533$410
27 years$1,706$1,269$930$672$481$365
28 years$1,627$1,196$864$616$434$325
29 years$1,554$1,128$804$565$392$290
30 years$1,486$1,065$749$518$354$259
31 years$1,422$1,007$698$476$320$231
32 years$1,363$953$652$437$289$206
33 years$1,307$902$608$402$262$184
34 years$1,255$855$568$370$237$165
35 years$1,206$811$531$341$215$147
36 years$1,159$770$497$314$195$132
37 years$1,116$731$465$289$176$118
38 years$1,074$695$436$266$160$105
39 years$1,035$661$408$246$145$94
40 years$998$629$383$227$132$84
41 years$963$598$359$209$119$75
42 years$929$570$337$193$108$67
43 years$898$543$316$178$98$60
44 years$867$518$296$164$89$54
45 years$839$494$278$152$81$48
46 years$811$471$261$140$74$43
47 years$785$449$246$130$67$39
48 years$760$429$231$120$61$35
49 years$736$410$217$111$55$31
50 years$713$391$204$102$50$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $730,000, adding $5,736 every year, while hoping to spend $40,455 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: 55/28/17 Blend
66$730,000$730,000$730,000$730,000
67$810,377$771,687$760,372$850,976
68$849,991$766,456$742,800$874,060
69$892,291$759,612$723,284$894,361
70$937,506$751,035$701,716$915,563
71$985,891$740,595$677,983$937,761
72$1,037,723$728,155$651,966$961,064
73$1,093,306$713,570$623,543$985,592
74$1,152,976$696,688$592,584$1,011,480
75$1,217,099$677,345$558,956$1,038,878
76$1,286,078$655,370$522,515$1,067,957
77$1,360,356$630,580$483,117$1,098,904
78$1,440,417$602,784$440,606$1,131,931
79$1,526,795$571,776$394,822$1,167,273
80$1,620,077$537,342$345,597$1,205,192
81$1,720,906$499,253$292,756$1,245,982
82$1,829,991$457,268$236,116$1,289,969
83$1,948,109$411,134$175,485$1,337,515
84$2,076,116$360,580$110,664$1,389,026
85$2,214,953$305,321$41,445$1,444,951
86$2,365,655$245,058$0$1,505,791
87$2,529,358$179,472$0$1,577,985
88$2,707,314$108,228$0$1,664,674
89$2,900,902$30,972$0$1,759,063
90$3,111,634$0$0$1,861,960
91$3,341,178$0$0$1,990,487
92$3,591,369$0$0$2,141,038
93$3,864,226$0$0$2,305,292
94$4,161,969$0$0$2,484,595
95$4,487,046$0$0$2,680,427
96$4,842,148$0$0$2,894,421
97$5,230,239$0$0$3,128,370
98$5,654,582$0$0$3,384,252
99$6,118,771$0$0$3,664,242
100$6,626,760$0$0$3,970,738