Can I retire at age 67 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$60,861$60,319$59,790$59,274$58,769$58,131
2 years$30,129$29,568$29,024$28,497$27,985$27,343
3 years$19,887$19,323$18,781$18,258$17,755$17,128
4 years$14,766$14,204$13,667$13,154$12,663$12,057
5 years$11,695$11,136$10,606$10,104$9,626$9,042
6 years$9,648$9,094$8,572$8,080$7,617$7,056
7 years$8,187$7,637$7,123$6,643$6,195$5,656
8 years$7,091$6,546$6,041$5,573$5,139$4,624
9 years$6,239$5,700$5,203$4,747$4,328$3,835
10 years$5,558$5,024$4,536$4,092$3,688$3,218
11 years$5,001$4,473$3,994$3,561$3,171$2,724
12 years$4,538$4,014$3,544$3,123$2,748$2,322
13 years$4,146$3,628$3,166$2,758$2,397$1,992
14 years$3,810$3,298$2,845$2,448$2,101$1,717
15 years$3,519$3,012$2,569$2,183$1,850$1,486
16 years$3,265$2,764$2,329$1,955$1,635$1,290
17 years$3,041$2,545$2,119$1,756$1,449$1,124
18 years$2,842$2,352$1,935$1,583$1,289$981
19 years$2,665$2,180$1,771$1,430$1,149$858
20 years$2,505$2,026$1,625$1,295$1,026$752
21 years$2,360$1,887$1,495$1,176$918$661
22 years$2,229$1,761$1,378$1,069$823$581
23 years$2,110$1,647$1,272$973$739$511
24 years$2,001$1,543$1,177$888$664$451
25 years$1,900$1,448$1,090$811$598$397
26 years$1,808$1,361$1,011$741$538$351
27 years$1,722$1,281$939$679$485$310
28 years$1,643$1,207$872$622$438$274
29 years$1,569$1,139$812$570$395$242
30 years$1,500$1,075$756$523$357$214
31 years$1,436$1,017$705$481$323$190
32 years$1,376$962$658$442$292$168
33 years$1,320$911$614$406$264$149
34 years$1,267$863$574$374$239$132
35 years$1,217$819$537$344$217$117
36 years$1,171$777$502$317$196$104
37 years$1,126$738$470$292$178$92
38 years$1,085$702$440$269$161$81
39 years$1,045$667$412$248$146$72
40 years$1,008$635$386$229$133$64
41 years$972$604$362$211$120$57
42 years$938$575$340$195$109$50
43 years$906$548$319$180$99$45
44 years$876$523$299$166$90$40
45 years$847$498$281$153$82$35
46 years$819$475$264$142$74$31
47 years$792$454$248$131$67$28
48 years$767$433$233$121$61$25
49 years$743$414$219$112$56$22
50 years$720$395$206$103$50$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $737,000, adding $6,334 every year, while hoping to spend $49,947 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: 36/43/21 Blend
66$737,000$737,000$737,000$737,000
67$818,708$779,647$768,223$842,781
68$849,072$764,706$740,815$846,008
69$880,861$747,359$710,815$844,392
70$914,164$727,436$678,084$841,625
71$949,084$704,755$642,474$837,635
72$985,728$679,126$603,835$832,345
73$1,024,215$650,346$562,006$825,676
74$1,064,673$618,200$516,821$817,546
75$1,107,241$582,463$468,106$807,872
76$1,152,071$542,896$415,679$796,565
77$1,199,328$499,243$359,350$783,537
78$1,249,192$451,239$298,921$768,694
79$1,301,860$398,600$234,185$751,943
80$1,357,546$341,028$164,926$733,186
81$1,416,482$278,205$90,918$712,325
82$1,478,925$209,798$11,926$689,259
83$1,545,153$135,456$0$663,888
84$1,615,470$54,805$0$652,324
85$1,690,211$0$0$642,155
86$1,769,738$0$0$646,062
87$1,854,452$0$0$677,904
88$1,944,789$0$0$711,922
89$2,041,227$0$0$748,303
90$2,144,292$0$0$787,254
91$2,254,557$0$0$829,001
92$2,372,653$0$0$873,791
93$2,499,271$0$0$921,896
94$2,635,169$0$0$973,617
95$2,781,179$0$0$1,029,280
96$2,938,214$0$0$1,089,246
97$3,107,278$0$0$1,153,911
98$3,289,472$0$0$1,223,708
99$3,486,005$0$0$1,299,116
100$3,698,206$0$0$1,380,659