Can I retire at age 67 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$61,604$61,055$60,520$59,997$59,487$58,915
2 years$30,497$29,929$29,379$28,845$28,327$27,751
3 years$20,129$19,559$19,010$18,481$17,972$17,409
4 years$14,947$14,378$13,834$13,315$12,818$12,273
5 years$11,838$11,272$10,736$10,227$9,744$9,219
6 years$9,766$9,205$8,676$8,179$7,710$7,205
7 years$8,286$7,730$7,210$6,724$6,270$5,786
8 years$7,177$6,626$6,115$5,641$5,202$4,738
9 years$6,315$5,769$5,267$4,805$4,381$3,937
10 years$5,626$5,085$4,592$4,142$3,733$3,309
11 years$5,062$4,527$4,042$3,604$3,210$2,806
12 years$4,593$4,063$3,587$3,162$2,782$2,397
13 years$4,196$3,672$3,205$2,791$2,426$2,060
14 years$3,857$3,338$2,880$2,478$2,126$1,779
15 years$3,562$3,049$2,600$2,210$1,872$1,543
16 years$3,305$2,798$2,357$1,979$1,655$1,342
17 years$3,078$2,576$2,145$1,778$1,467$1,172
18 years$2,877$2,381$1,958$1,602$1,305$1,025
19 years$2,697$2,206$1,793$1,448$1,163$899
20 years$2,535$2,050$1,645$1,311$1,039$790
21 years$2,389$1,910$1,513$1,190$929$695
22 years$2,257$1,783$1,395$1,082$833$612
23 years$2,136$1,667$1,288$985$748$540
24 years$2,025$1,562$1,191$899$672$477
25 years$1,923$1,466$1,103$821$605$422
26 years$1,830$1,378$1,023$750$545$373
27 years$1,743$1,297$950$687$491$331
28 years$1,663$1,222$883$629$443$293
29 years$1,588$1,153$822$577$400$260
30 years$1,519$1,089$766$530$362$230
31 years$1,454$1,029$714$486$327$204
32 years$1,393$974$666$447$296$181
33 years$1,336$922$622$411$268$161
34 years$1,283$874$581$378$242$143
35 years$1,232$829$543$348$219$127
36 years$1,185$787$508$321$199$113
37 years$1,140$747$476$295$180$100
38 years$1,098$710$445$272$163$89
39 years$1,058$675$417$251$148$79
40 years$1,020$643$391$232$134$71
41 years$984$612$367$214$122$63
42 years$950$582$344$197$111$56
43 years$917$555$323$182$100$50
44 years$886$529$303$168$91$44
45 years$857$504$284$155$83$39
46 years$829$481$267$143$75$35
47 years$802$459$251$132$68$31
48 years$776$438$236$122$62$28
49 years$752$419$222$113$56$25
50 years$728$400$208$105$51$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $746,000, adding $3,323 every year, while hoping to spend $26,901 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: 60/25/15 Blend
66$746,000$746,000$746,000$746,000
67$825,520$785,982$774,419$871,743
68$881,100$795,872$771,739$913,186
69$941,448$805,346$768,068$955,074
70$1,007,022$814,354$763,345$1,000,135
71$1,078,325$822,844$757,503$1,048,676
72$1,155,911$830,760$750,477$1,101,041
73$1,240,391$838,044$742,194$1,157,605
74$1,332,434$844,632$732,581$1,218,784
75$1,432,780$850,456$721,560$1,285,037
76$1,542,241$855,446$709,050$1,356,869
77$1,661,711$859,525$694,965$1,434,840
78$1,792,175$862,611$679,216$1,519,565
79$1,934,718$864,620$661,710$1,611,723
80$2,090,531$865,458$642,350$1,712,065
81$2,260,930$865,030$621,033$1,821,418
82$2,447,360$863,231$597,652$1,940,695
83$2,651,413$859,953$572,097$2,070,903
84$2,874,845$855,078$544,249$2,213,153
85$3,119,585$848,483$513,988$2,368,671
86$3,387,762$840,038$481,186$2,538,809
87$3,681,717$829,603$445,709$2,725,060
88$4,004,030$817,031$407,418$2,929,068
89$4,357,543$802,167$366,168$3,152,649
90$4,745,384$784,846$321,807$3,397,806
91$5,171,002$764,891$274,176$3,666,747
92$5,638,192$742,120$223,109$3,961,909
93$6,151,138$716,334$168,434$4,285,980
94$6,714,447$687,327$109,969$4,641,923
95$7,333,194$654,879$47,526$5,033,007
96$8,012,971$618,759$0$5,462,839
97$8,759,935$578,720$0$5,938,453
98$9,580,874$534,503$0$6,469,492
99$10,483,263$485,833$0$7,053,213
100$11,475,337$432,420$0$7,694,984