Can I retire at age 67 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$61,521$60,973$60,439$59,917$59,407$58,495
2 years$30,456$29,889$29,339$28,806$28,289$27,373
3 years$20,102$19,533$18,984$18,456$17,948$17,055
4 years$14,927$14,359$13,816$13,297$12,801$11,939
5 years$11,822$11,257$10,722$10,213$9,731$8,902
6 years$9,753$9,192$8,665$8,168$7,700$6,905
7 years$8,275$7,720$7,200$6,715$6,262$5,502
8 years$7,168$6,617$6,106$5,633$5,195$4,469
9 years$6,307$5,762$5,260$4,798$4,375$3,683
10 years$5,619$5,079$4,585$4,136$3,728$3,069
11 years$5,056$4,521$4,037$3,600$3,206$2,581
12 years$4,587$4,058$3,583$3,157$2,778$2,185
13 years$4,191$3,667$3,201$2,787$2,423$1,860
14 years$3,851$3,333$2,876$2,474$2,124$1,592
15 years$3,558$3,045$2,597$2,207$1,870$1,367
16 years$3,301$2,794$2,354$1,976$1,653$1,178
17 years$3,074$2,573$2,142$1,775$1,465$1,018
18 years$2,873$2,378$1,956$1,600$1,303$882
19 years$2,694$2,203$1,790$1,446$1,161$766
20 years$2,532$2,048$1,643$1,309$1,037$666
21 years$2,386$1,907$1,511$1,188$928$580
22 years$2,254$1,780$1,393$1,080$832$505
23 years$2,133$1,665$1,286$984$747$441
24 years$2,022$1,560$1,189$897$671$385
25 years$1,921$1,464$1,102$820$604$337
26 years$1,827$1,376$1,022$749$544$295
27 years$1,741$1,295$949$686$491$258
28 years$1,660$1,220$882$628$443$226
29 years$1,586$1,151$821$576$400$198
30 years$1,516$1,087$764$529$361$174
31 years$1,452$1,028$713$486$327$153
32 years$1,391$972$665$446$295$134
33 years$1,334$921$621$411$267$118
34 years$1,281$873$580$378$242$103
35 years$1,231$828$542$348$219$91
36 years$1,183$786$507$320$199$80
37 years$1,139$746$475$295$180$70
38 years$1,096$709$445$272$163$61
39 years$1,056$674$417$251$148$54
40 years$1,019$642$391$231$134$47
41 years$983$611$366$213$122$42
42 years$948$582$343$197$110$37
43 years$916$554$322$182$100$32
44 years$885$528$303$168$91$28
45 years$856$504$284$155$83$25
46 years$828$481$267$143$75$22
47 years$801$459$251$132$68$19
48 years$775$438$236$122$62$17
49 years$751$418$221$113$56$15
50 years$727$399$208$104$51$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $745,000, adding $4,262 every year, while hoping to spend $48,315 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: 47/42/11 Blend
66$745,000$745,000$745,000$745,000
67$825,386$785,901$774,354$861,468
68$858,169$773,004$748,888$873,899
69$892,676$757,855$720,949$882,038
70$929,033$740,293$690,405$889,779
71$967,374$720,148$657,114$897,103
72$1,007,850$697,239$620,931$903,988
73$1,050,621$671,374$581,702$910,418
74$1,095,864$642,350$539,269$916,376
75$1,143,771$609,954$493,463$921,849
76$1,194,552$573,959$444,111$926,827
77$1,248,438$534,125$391,030$931,302
78$1,305,679$490,198$334,030$935,271
79$1,366,551$441,910$272,913$938,735
80$1,431,355$388,979$207,471$941,704
81$1,500,419$331,104$137,487$944,190
82$1,574,103$267,970$62,735$946,216
83$1,652,804$199,243$0$947,812
84$1,736,954$124,570$0$951,019
85$1,827,028$43,578$0$961,878
86$1,923,545$0$0$973,114
87$2,027,078$0$0$1,005,232
88$2,138,251$0$0$1,061,406
89$2,257,753$0$0$1,121,850
90$2,386,339$0$0$1,186,952
91$2,524,837$0$0$1,257,141
92$2,674,156$0$0$1,332,887
93$2,835,298$0$0$1,414,705
94$3,009,360$0$0$1,503,164
95$3,197,549$0$0$1,598,887
96$3,401,193$0$0$1,702,558
97$3,621,749$0$0$1,814,933
98$3,860,821$0$0$1,936,839
99$4,120,173$0$0$2,069,189
100$4,401,744$0$0$2,212,984