Can I retire at age 67 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$61,191$60,646$60,114$59,595$59,088$57,450
2 years$30,293$29,728$29,182$28,652$28,137$26,499
3 years$19,994$19,428$18,882$18,357$17,851$16,265
4 years$14,846$14,282$13,742$13,225$12,732$11,208
5 years$11,758$11,197$10,664$10,158$9,679$8,223
6 years$9,700$9,143$8,618$8,124$7,658$6,272
7 years$8,231$7,678$7,162$6,679$6,228$4,910
8 years$7,129$6,582$6,074$5,603$5,167$3,918
9 years$6,273$5,731$5,231$4,772$4,351$3,169
10 years$5,588$5,051$4,561$4,114$3,708$2,591
11 years$5,029$4,497$4,015$3,580$3,189$2,136
12 years$4,562$4,036$3,563$3,140$2,763$1,772
13 years$4,168$3,647$3,184$2,772$2,410$1,478
14 years$3,831$3,315$2,861$2,461$2,112$1,238
15 years$3,538$3,029$2,583$2,195$1,860$1,041
16 years$3,283$2,779$2,342$1,965$1,644$878
17 years$3,058$2,559$2,131$1,766$1,457$742
18 years$2,858$2,365$1,945$1,591$1,296$628
19 years$2,679$2,192$1,781$1,438$1,155$533
20 years$2,518$2,037$1,634$1,302$1,032$453
21 years$2,373$1,897$1,503$1,182$923$385
22 years$2,242$1,771$1,385$1,075$828$328
23 years$2,121$1,656$1,279$979$743$279
24 years$2,011$1,552$1,183$893$668$238
25 years$1,910$1,456$1,096$815$601$203
26 years$1,817$1,369$1,016$745$541$173
27 years$1,731$1,288$944$682$488$148
28 years$1,652$1,214$877$625$440$126
29 years$1,577$1,145$816$573$398$108
30 years$1,508$1,081$760$526$359$92
31 years$1,444$1,022$709$483$325$79
32 years$1,384$967$661$444$294$68
33 years$1,327$916$618$408$266$58
34 years$1,274$868$577$376$241$49
35 years$1,224$823$539$346$218$42
36 years$1,177$782$505$319$198$36
37 years$1,132$742$472$293$179$31
38 years$1,090$705$442$270$162$26
39 years$1,051$671$414$249$147$23
40 years$1,013$638$388$230$134$19
41 years$977$608$364$212$121$17
42 years$943$579$342$196$110$14
43 years$911$551$321$181$100$12
44 years$880$525$301$167$91$10
45 years$851$501$283$154$82$9
46 years$823$478$265$142$75$8
47 years$797$456$249$132$68$7
48 years$771$435$234$122$62$6
49 years$747$416$220$112$56$5
50 years$723$397$207$104$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $741,000, adding $2,066 every year, while hoping to spend $30,784 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: 86/7/7 Blend
66$741,000$741,000$741,000$741,000
67$818,713$779,440$767,955$888,503
68$869,468$784,879$760,927$939,757
69$924,368$789,552$752,632$991,627
70$983,804$793,390$742,996$1,047,639
71$1,048,204$796,319$731,938$1,108,190
72$1,118,040$798,258$719,378$1,173,716
73$1,193,833$799,125$705,229$1,244,695
74$1,276,151$798,829$689,402$1,321,655
75$1,365,622$797,276$671,801$1,405,178
76$1,462,938$794,365$652,329$1,495,903
77$1,568,858$789,989$630,882$1,594,536
78$1,684,218$784,034$607,353$1,701,853
79$1,809,937$776,381$581,628$1,818,709
80$1,947,029$766,902$553,591$1,946,044
81$2,096,607$755,461$523,117$2,084,898
82$2,259,898$741,916$490,079$2,236,411
83$2,438,251$726,114$454,340$2,401,844
84$2,633,155$707,895$415,762$2,582,582
85$2,846,243$687,089$374,197$2,780,154
86$3,079,318$663,515$329,491$2,996,242
87$3,334,364$636,983$281,485$3,232,702
88$3,613,565$607,290$230,010$3,491,576
89$3,919,326$574,225$174,893$3,775,115
90$4,254,296$537,560$115,950$4,085,801
91$4,621,391$497,058$52,991$4,426,367
92$5,023,824$452,465$0$4,799,824
93$5,465,134$403,515$0$5,210,551
94$5,949,217$349,927$0$5,665,438
95$6,480,365$291,402$0$6,164,570
96$7,063,307$227,625$0$6,712,403
97$7,703,251$158,265$0$7,313,849
98$8,405,932$82,970$0$7,974,319
99$9,177,671$1,369$0$8,699,775
100$10,025,429$0$0$9,496,785