Can I retire at age 67 with 744,000?

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 $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%19.8%
1 years$61,439$60,892$60,358$59,836$59,328$56,996
2 years$30,415$29,849$29,300$28,768$28,251$25,931
3 years$20,075$19,507$18,959$18,432$17,924$15,688
4 years$14,907$14,339$13,797$13,279$12,783$10,648
5 years$11,806$11,242$10,707$10,200$9,718$7,689
6 years$9,740$9,180$8,653$8,157$7,689$5,769
7 years$8,264$7,709$7,191$6,706$6,253$4,440
8 years$7,158$6,608$6,098$5,626$5,188$3,480
9 years$6,298$5,754$5,252$4,792$4,369$2,764
10 years$5,611$5,072$4,579$4,130$3,723$2,217
11 years$5,049$4,515$4,031$3,595$3,202$1,793
12 years$4,581$4,052$3,578$3,153$2,774$1,458
13 years$4,185$3,662$3,197$2,784$2,419$1,192
14 years$3,846$3,329$2,872$2,471$2,121$978
15 years$3,553$3,041$2,593$2,204$1,867$805
16 years$3,296$2,790$2,351$1,973$1,650$664
17 years$3,070$2,570$2,139$1,773$1,463$549
18 years$2,869$2,374$1,953$1,598$1,301$454
19 years$2,690$2,201$1,788$1,444$1,160$377
20 years$2,529$2,045$1,641$1,308$1,036$313
21 years$2,383$1,905$1,509$1,187$927$260
22 years$2,251$1,778$1,391$1,079$831$216
23 years$2,130$1,663$1,284$983$746$180
24 years$2,020$1,558$1,188$896$670$150
25 years$1,918$1,462$1,100$818$603$125
26 years$1,825$1,374$1,020$748$543$104
27 years$1,738$1,293$947$685$490$87
28 years$1,658$1,219$881$628$442$72
29 years$1,584$1,150$820$576$399$60
30 years$1,514$1,086$763$528$361$50
31 years$1,450$1,026$712$485$326$42
32 years$1,389$971$664$446$295$35
33 years$1,332$920$620$410$267$29
34 years$1,279$872$579$377$242$24
35 years$1,229$827$542$347$219$20
36 years$1,182$785$507$320$198$17
37 years$1,137$745$474$295$180$14
38 years$1,095$708$444$272$163$12
39 years$1,055$674$416$250$148$10
40 years$1,017$641$390$231$134$8
41 years$981$610$366$213$122$7
42 years$947$581$343$197$110$6
43 years$915$553$322$182$100$5
44 years$884$528$302$168$91$4
45 years$855$503$284$155$83$3
46 years$827$480$266$143$75$3
47 years$800$458$250$132$68$2
48 years$774$437$235$122$62$2
49 years$750$418$221$113$56$2
50 years$726$399$208$104$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $744,000, adding $3,300 every year, while hoping to spend $53,286 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: 42/45/13 Blend
66$744,000$744,000$744,000$744,000
67$823,292$783,860$772,328$854,604
68$850,572$765,573$741,505$858,618
69$878,848$744,604$707,864$857,411
70$908,167$720,766$671,253$854,937
71$938,576$693,859$631,516$851,103
72$970,126$663,674$588,487$845,811
73$1,002,873$629,988$541,996$838,960
74$1,036,875$592,566$491,861$830,441
75$1,072,193$551,159$437,896$820,140
76$1,108,895$505,504$379,903$807,938
77$1,147,052$455,323$317,680$793,709
78$1,186,740$400,323$251,010$777,321
79$1,228,040$340,192$179,673$758,636
80$1,271,041$274,602$103,433$737,508
81$1,315,838$203,208$22,048$713,784
82$1,362,530$125,643$0$687,306
83$1,411,229$41,519$0$666,894
84$1,462,051$0$0$647,233
85$1,515,123$0$0$649,662
86$1,570,583$0$0$673,705
87$1,628,579$0$0$698,872
88$1,689,270$0$0$725,233
89$1,752,832$0$0$752,868
90$1,819,451$0$0$781,862
91$1,889,333$0$0$812,308
92$1,962,697$0$0$844,306
93$2,039,785$0$0$877,966
94$2,120,859$0$0$913,407
95$2,206,201$0$0$950,758
96$2,296,123$0$0$990,161
97$2,390,961$0$0$1,031,770
98$2,491,082$0$0$1,075,752
99$2,596,887$0$0$1,122,290
100$2,708,813$0$0$1,171,585