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%11.2%
1 years$61,274$60,728$60,195$59,676$59,168$58,869
2 years$30,333$29,769$29,221$28,690$28,175$27,874
3 years$20,021$19,454$18,908$18,382$17,876$17,581
4 years$14,866$14,301$13,760$13,243$12,749$12,463
5 years$11,774$11,212$10,678$10,172$9,692$9,415
6 years$9,713$9,155$8,630$8,135$7,669$7,402
7 years$8,242$7,689$7,171$6,688$6,237$5,980
8 years$7,139$6,591$6,082$5,610$5,174$4,928
9 years$6,281$5,738$5,238$4,779$4,357$4,121
10 years$5,596$5,058$4,567$4,119$3,713$3,487
11 years$5,035$4,503$4,021$3,585$3,193$2,977
12 years$4,569$4,042$3,568$3,145$2,767$2,561
13 years$4,174$3,652$3,188$2,776$2,413$2,216
14 years$3,836$3,320$2,864$2,464$2,115$1,928
15 years$3,543$3,033$2,586$2,198$1,862$1,684
16 years$3,287$2,783$2,345$1,968$1,646$1,476
17 years$3,062$2,563$2,134$1,768$1,459$1,298
18 years$2,862$2,368$1,948$1,593$1,298$1,145
19 years$2,683$2,195$1,783$1,440$1,157$1,012
20 years$2,522$2,039$1,636$1,304$1,033$896
21 years$2,376$1,900$1,505$1,184$924$795
22 years$2,245$1,773$1,387$1,076$829$706
23 years$2,124$1,658$1,281$980$744$628
24 years$2,014$1,554$1,185$894$669$560
25 years$1,913$1,458$1,097$816$602$499
26 years$1,820$1,370$1,018$746$542$445
27 years$1,734$1,290$945$683$489$398
28 years$1,654$1,215$878$626$441$356
29 years$1,580$1,147$817$574$398$318
30 years$1,510$1,083$761$527$360$285
31 years$1,446$1,024$710$484$325$255
32 years$1,385$969$662$445$294$228
33 years$1,329$917$618$409$266$205
34 years$1,276$869$578$376$241$183
35 years$1,226$825$540$346$218$164
36 years$1,178$783$505$319$198$148
37 years$1,134$743$473$294$179$132
38 years$1,092$706$443$271$163$119
39 years$1,052$672$415$250$147$107
40 years$1,014$639$389$230$134$96
41 years$979$608$365$213$121$86
42 years$945$579$342$196$110$77
43 years$912$552$321$181$100$69
44 years$882$526$301$167$91$62
45 years$852$502$283$154$82$56
46 years$824$479$266$143$75$50
47 years$798$457$250$132$68$45
48 years$772$436$235$122$62$41
49 years$748$416$221$113$56$37
50 years$724$398$207$104$51$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $742,000, adding $4,460 every year, while hoping to spend $43,300 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: 51/33/16 Blend
66$742,000$742,000$742,000$742,000
67$822,284$782,958$771,457$860,407
68$860,087$775,253$751,230$879,367
69$900,293$765,718$728,875$895,073
70$943,104$754,219$704,273$911,195
71$988,738$740,613$677,303$927,786
72$1,037,433$724,747$647,837$944,906
73$1,089,453$706,461$615,740$962,625
74$1,145,083$685,584$580,874$981,023
75$1,204,640$661,936$543,092$1,000,190
76$1,268,469$635,326$502,241$1,020,229
77$1,336,948$605,552$458,161$1,041,257
78$1,410,494$572,402$410,687$1,063,406
79$1,489,562$535,647$359,643$1,086,826
80$1,574,655$495,051$304,848$1,111,685
81$1,666,321$450,360$246,111$1,138,175
82$1,765,165$401,307$183,236$1,166,509
83$1,871,851$347,610$116,013$1,196,929
84$1,987,107$288,971$44,228$1,229,706
85$2,111,737$225,075$0$1,265,145
86$2,246,620$155,589$0$1,309,114
87$2,392,725$80,163$0$1,364,884
88$2,551,116$0$0$1,425,368
89$2,722,965$0$0$1,491,659
90$2,909,559$0$0$1,595,309
91$3,112,314$0$0$1,708,004
92$3,332,789$0$0$1,830,618
93$3,572,697$0$0$1,964,114
94$3,833,925$0$0$2,109,549
95$4,118,548$0$0$2,268,089
96$4,428,849$0$0$2,441,016
97$4,767,343$0$0$2,629,741
98$5,136,796$0$0$2,835,819
99$5,540,253$0$0$3,060,958
100$5,981,067$0$0$3,307,042