Can I retire at age 67 with 742,000?

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 $742,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$61,274$60,728$60,195$59,676$59,168$58,721
2 years$30,333$29,769$29,221$28,690$28,175$27,725
3 years$20,021$19,454$18,908$18,382$17,876$17,435
4 years$14,866$14,301$13,760$13,243$12,749$12,323
5 years$11,774$11,212$10,678$10,172$9,692$9,280
6 years$9,713$9,155$8,630$8,135$7,669$7,273
7 years$8,242$7,689$7,171$6,688$6,237$5,856
8 years$7,139$6,591$6,082$5,610$5,174$4,809
9 years$6,281$5,738$5,238$4,779$4,357$4,008
10 years$5,596$5,058$4,567$4,119$3,713$3,379
11 years$5,035$4,503$4,021$3,585$3,193$2,874
12 years$4,569$4,042$3,568$3,145$2,767$2,463
13 years$4,174$3,652$3,188$2,776$2,413$2,123
14 years$3,836$3,320$2,864$2,464$2,115$1,840
15 years$3,543$3,033$2,586$2,198$1,862$1,601
16 years$3,287$2,783$2,345$1,968$1,646$1,398
17 years$3,062$2,563$2,134$1,768$1,459$1,224
18 years$2,862$2,368$1,948$1,593$1,298$1,075
19 years$2,683$2,195$1,783$1,440$1,157$946
20 years$2,522$2,039$1,636$1,304$1,033$834
21 years$2,376$1,900$1,505$1,184$924$737
22 years$2,245$1,773$1,387$1,076$829$652
23 years$2,124$1,658$1,281$980$744$577
24 years$2,014$1,554$1,185$894$669$512
25 years$1,913$1,458$1,097$816$602$454
26 years$1,820$1,370$1,018$746$542$403
27 years$1,734$1,290$945$683$489$359
28 years$1,654$1,215$878$626$441$319
29 years$1,580$1,147$817$574$398$284
30 years$1,510$1,083$761$527$360$253
31 years$1,446$1,024$710$484$325$225
32 years$1,385$969$662$445$294$201
33 years$1,329$917$618$409$266$179
34 years$1,276$869$578$376$241$160
35 years$1,226$825$540$346$218$143
36 years$1,178$783$505$319$198$127
37 years$1,134$743$473$294$179$114
38 years$1,092$706$443$271$163$101
39 years$1,052$672$415$250$147$91
40 years$1,014$639$389$230$134$81
41 years$979$608$365$213$121$72
42 years$945$579$342$196$110$65
43 years$912$552$321$181$100$58
44 years$882$526$301$167$91$52
45 years$852$502$283$154$82$46
46 years$824$479$266$143$75$41
47 years$798$457$250$132$68$37
48 years$772$436$235$122$62$33
49 years$748$416$221$113$56$29
50 years$724$398$207$104$51$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $742,000, adding $3,526 every year, while hoping to spend $23,983 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: 66/22/12 Blend
66$742,000$742,000$742,000$742,000
67$821,321$781,995$770,494$873,090
68$879,578$794,795$770,788$920,846
69$942,974$807,419$770,288$969,872
70$1,012,006$819,831$768,942$1,022,847
71$1,087,225$831,997$766,695$1,080,154
72$1,169,234$843,877$763,492$1,142,218
73$1,258,697$855,429$759,270$1,209,503
74$1,356,348$866,608$753,969$1,282,526
75$1,462,990$877,367$747,522$1,361,852
76$1,579,512$887,654$739,861$1,448,107
77$1,706,888$897,416$730,912$1,541,978
78$1,846,195$906,593$720,601$1,644,224
79$1,998,614$915,123$708,849$1,755,683
80$2,165,449$922,941$695,572$1,877,276
81$2,348,136$929,976$680,685$2,010,021
82$2,548,254$936,153$664,095$2,155,037
83$2,767,542$941,391$645,710$2,313,561
84$3,007,918$945,606$625,428$2,486,954
85$3,271,493$948,707$603,146$2,676,717
86$3,560,590$950,599$578,756$2,884,507
87$3,877,770$951,178$552,145$3,112,147
88$4,225,854$950,337$523,193$3,361,649
89$4,607,947$947,960$491,776$3,635,232
90$5,027,472$943,924$457,765$3,935,338
91$5,488,199$938,101$421,025$4,264,664
92$5,994,279$930,352$381,413$4,626,180
93$6,550,288$920,531$338,782$5,023,161
94$7,161,264$908,484$292,978$5,459,219
95$7,832,759$894,046$243,839$5,938,332
96$8,570,890$877,043$191,197$6,464,890
97$9,382,394$857,292$134,876$7,043,727
98$10,274,696$834,597$74,692$7,680,177
99$11,255,975$808,752$10,454$8,380,117
100$12,335,241$779,539$0$9,150,025