Can I retire at age 67 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$60,448$59,909$59,384$58,871$58,371$57,809
2 years$29,925$29,367$28,827$28,304$27,796$27,230
3 years$19,752$19,192$18,653$18,134$17,635$17,082
4 years$14,666$14,108$13,575$13,065$12,577$12,043
5 years$11,616$11,061$10,535$10,035$9,561$9,046
6 years$9,583$9,032$8,513$8,025$7,565$7,070
7 years$8,131$7,585$7,075$6,598$6,153$5,677
8 years$7,043$6,502$6,000$5,535$5,104$4,649
9 years$6,197$5,661$5,168$4,714$4,298$3,863
10 years$5,520$4,990$4,505$4,064$3,662$3,247
11 years$4,967$4,442$3,966$3,537$3,150$2,753
12 years$4,507$3,987$3,520$3,102$2,730$2,352
13 years$4,118$3,603$3,145$2,739$2,380$2,021
14 years$3,784$3,275$2,826$2,431$2,087$1,746
15 years$3,495$2,992$2,551$2,168$1,837$1,514
16 years$3,243$2,745$2,313$1,941$1,624$1,317
17 years$3,021$2,528$2,105$1,744$1,440$1,150
18 years$2,823$2,336$1,921$1,572$1,280$1,006
19 years$2,647$2,165$1,759$1,420$1,141$882
20 years$2,488$2,012$1,614$1,286$1,019$775
21 years$2,344$1,874$1,485$1,168$912$682
22 years$2,214$1,749$1,369$1,062$817$601
23 years$2,096$1,636$1,264$967$734$530
24 years$1,987$1,533$1,169$882$660$468
25 years$1,887$1,439$1,082$805$594$414
26 years$1,795$1,352$1,004$736$535$366
27 years$1,710$1,272$932$674$482$324
28 years$1,631$1,199$867$617$435$287
29 years$1,558$1,131$806$566$393$255
30 years$1,490$1,068$751$520$355$226
31 years$1,426$1,010$700$477$321$201
32 years$1,367$955$653$439$290$178
33 years$1,311$905$610$403$263$158
34 years$1,258$858$570$371$238$140
35 years$1,209$813$533$342$215$125
36 years$1,163$772$499$315$195$111
37 years$1,119$733$467$290$177$99
38 years$1,077$697$437$267$160$88
39 years$1,038$663$409$246$145$78
40 years$1,001$630$384$227$132$69
41 years$965$600$360$210$120$62
42 years$932$572$338$194$109$55
43 years$900$545$317$179$99$49
44 years$870$519$297$165$89$43
45 years$841$495$279$152$81$39
46 years$813$472$262$141$74$34
47 years$787$451$246$130$67$31
48 years$762$430$231$120$61$27
49 years$738$411$218$111$55$24
50 years$715$392$205$103$50$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $732,000, adding $6,804 every year, while hoping to spend $43,094 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: 72/23/5 Blend
66$732,000$732,000$732,000$732,000
67$813,682$774,886$763,540$871,415
68$850,826$767,004$743,267$902,504
69$890,315$757,291$720,871$930,459
70$932,341$745,613$696,234$959,843
71$977,117$731,825$669,235$990,781
72$1,024,875$715,777$639,747$1,023,415
73$1,075,870$697,307$607,636$1,057,902
74$1,130,379$676,246$572,762$1,094,414
75$1,188,708$652,413$534,980$1,133,143
76$1,251,193$625,617$494,138$1,174,300
77$1,318,200$595,657$450,077$1,218,121
78$1,390,132$562,321$402,631$1,264,864
79$1,467,432$525,381$351,625$1,314,819
80$1,550,585$484,599$296,880$1,368,303
81$1,640,124$439,724$238,204$1,425,669
82$1,736,634$390,488$175,402$1,487,306
83$1,840,759$336,610$108,266$1,553,647
84$1,953,204$277,792$36,581$1,625,169
85$2,074,747$213,720$0$1,702,401
86$2,206,240$144,061$0$1,788,058
87$2,348,621$68,465$0$1,882,877
88$2,502,921$0$0$1,985,635
89$2,670,275$0$0$2,100,537
90$2,851,928$0$0$2,244,096
91$3,049,252$0$0$2,400,070
92$3,263,756$0$0$2,569,658
93$3,497,099$0$0$2,754,173
94$3,751,107$0$0$2,955,065
95$4,027,788$0$0$3,173,927
96$4,329,354$0$0$3,412,512
97$4,658,238$0$0$3,672,751
98$5,017,118$0$0$3,956,767
99$5,408,942$0$0$4,266,899
100$5,836,953$0$0$4,605,721