Can I retire at age 67 with 744,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$61,439$60,892$60,358$59,836$59,328$58,954
2 years$30,415$29,849$29,300$28,768$28,251$27,874
3 years$20,075$19,507$18,959$18,432$17,924$17,555
4 years$14,907$14,339$13,797$13,279$12,783$12,426
5 years$11,806$11,242$10,707$10,200$9,718$9,373
6 years$9,740$9,180$8,653$8,157$7,689$7,357
7 years$8,264$7,709$7,191$6,706$6,253$5,934
8 years$7,158$6,608$6,098$5,626$5,188$4,881
9 years$6,298$5,754$5,252$4,792$4,369$4,075
10 years$5,611$5,072$4,579$4,130$3,723$3,442
11 years$5,049$4,515$4,031$3,595$3,202$2,933
12 years$4,581$4,052$3,578$3,153$2,774$2,518
13 years$4,185$3,662$3,197$2,784$2,419$2,175
14 years$3,846$3,329$2,872$2,471$2,121$1,888
15 years$3,553$3,041$2,593$2,204$1,867$1,646
16 years$3,296$2,790$2,351$1,973$1,650$1,440
17 years$3,070$2,570$2,139$1,773$1,463$1,264
18 years$2,869$2,374$1,953$1,598$1,301$1,112
19 years$2,690$2,201$1,788$1,444$1,160$981
20 years$2,529$2,045$1,641$1,308$1,036$867
21 years$2,383$1,905$1,509$1,187$927$767
22 years$2,251$1,778$1,391$1,079$831$680
23 years$2,130$1,663$1,284$983$746$604
24 years$2,020$1,558$1,188$896$670$537
25 years$1,918$1,462$1,100$818$603$477
26 years$1,825$1,374$1,020$748$543$425
27 years$1,738$1,293$947$685$490$379
28 years$1,658$1,219$881$628$442$338
29 years$1,584$1,150$820$576$399$301
30 years$1,514$1,086$763$528$361$269
31 years$1,450$1,026$712$485$326$240
32 years$1,389$971$664$446$295$215
33 years$1,332$920$620$410$267$192
34 years$1,279$872$579$377$242$172
35 years$1,229$827$542$347$219$154
36 years$1,182$785$507$320$198$137
37 years$1,137$745$474$295$180$123
38 years$1,095$708$444$272$163$110
39 years$1,055$674$416$250$148$99
40 years$1,017$641$390$231$134$88
41 years$981$610$366$213$122$79
42 years$947$581$343$197$110$71
43 years$915$553$322$182$100$63
44 years$884$528$302$168$91$57
45 years$855$503$284$155$83$51
46 years$827$480$266$143$75$46
47 years$800$458$250$132$68$41
48 years$774$437$235$122$62$37
49 years$750$418$221$113$56$33
50 years$726$399$208$104$51$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $744,000, adding $5,588 every year, while hoping to spend $53,861 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: 70/9/21 Blend
66$744,000$744,000$744,000$744,000
67$825,652$786,220$774,688$878,792
68$852,561$767,437$743,332$896,196
69$880,409$745,929$709,121$908,372
70$909,236$721,504$671,902$920,380
71$939,082$693,962$631,515$932,197
72$969,992$663,090$587,794$943,801
73$1,002,011$628,660$540,564$955,168
74$1,035,187$590,436$489,645$966,275
75$1,069,573$548,165$434,845$977,097
76$1,105,224$501,579$375,967$987,607
77$1,142,198$450,397$312,802$997,779
78$1,180,556$394,321$245,135$1,007,586
79$1,220,366$333,035$172,740$1,017,000
80$1,261,697$266,208$95,380$1,025,995
81$1,304,624$193,486$12,810$1,034,539
82$1,349,228$114,500$0$1,042,607
83$1,395,596$28,857$0$1,067,042
84$1,443,818$0$0$1,095,102
85$1,493,994$0$0$1,130,272
86$1,546,230$0$0$1,169,867
87$1,600,639$0$0$1,211,117
88$1,657,343$0$0$1,254,115
89$1,716,475$0$0$1,298,961
90$1,778,175$0$0$1,345,766
91$1,842,598$0$0$1,394,645
92$1,909,907$0$0$1,445,725
93$1,980,282$0$0$1,499,144
94$2,053,916$0$0$1,555,049
95$2,131,017$0$0$1,613,601
96$2,211,812$0$0$1,674,973
97$2,296,547$0$0$1,739,353
98$2,385,486$0$0$1,806,947
99$2,478,921$0$0$1,877,976
100$2,577,164$0$0$1,952,681