Can I retire at age 67 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$61,687$61,137$60,601$60,078$59,567$57,892
2 years$30,538$29,969$29,418$28,884$28,365$26,691
3 years$20,156$19,585$19,035$18,506$17,996$16,374
4 years$14,967$14,397$13,853$13,333$12,835$11,278
5 years$11,854$11,288$10,750$10,241$9,757$8,270
6 years$9,779$9,217$8,688$8,190$7,720$6,304
7 years$8,298$7,741$7,220$6,733$6,279$4,933
8 years$7,187$6,635$6,123$5,648$5,209$3,933
9 years$6,324$5,777$5,274$4,811$4,387$3,180
10 years$5,634$5,092$4,598$4,147$3,738$2,598
11 years$5,069$4,533$4,048$3,609$3,214$2,140
12 years$4,599$4,069$3,592$3,166$2,786$1,775
13 years$4,202$3,677$3,209$2,795$2,429$1,479
14 years$3,862$3,342$2,884$2,481$2,129$1,238
15 years$3,567$3,053$2,604$2,213$1,875$1,040
16 years$3,309$2,801$2,361$1,981$1,657$876
17 years$3,082$2,580$2,148$1,780$1,469$740
18 years$2,881$2,384$1,961$1,604$1,306$626
19 years$2,701$2,209$1,795$1,450$1,164$531
20 years$2,539$2,053$1,647$1,313$1,040$451
21 years$2,392$1,912$1,515$1,191$931$383
22 years$2,260$1,785$1,397$1,083$834$326
23 years$2,139$1,670$1,289$987$749$277
24 years$2,028$1,564$1,193$900$673$236
25 years$1,926$1,468$1,105$822$606$201
26 years$1,832$1,380$1,024$751$546$172
27 years$1,745$1,298$951$688$492$147
28 years$1,665$1,224$884$630$444$125
29 years$1,590$1,154$823$578$401$107
30 years$1,521$1,090$767$530$362$91
31 years$1,456$1,030$715$487$327$78
32 years$1,395$975$667$448$296$67
33 years$1,338$923$623$412$268$57
34 years$1,284$875$582$379$243$49
35 years$1,234$830$544$349$220$42
36 years$1,186$788$509$321$199$36
37 years$1,142$748$476$296$180$30
38 years$1,099$711$446$273$164$26
39 years$1,059$676$418$251$148$22
40 years$1,021$643$392$232$135$19
41 years$985$612$367$214$122$16
42 years$951$583$344$197$111$14
43 years$919$556$323$182$101$12
44 years$888$530$303$168$91$10
45 years$858$505$285$155$83$9
46 years$830$482$268$144$75$7
47 years$803$460$251$133$68$6
48 years$777$439$236$123$62$5
49 years$753$419$222$113$56$5
50 years$729$400$209$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $747,000, adding $6,604 every year, while hoping to spend $35,012 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: 28/44/28 Blend
66$747,000$747,000$747,000$747,000
67$830,006$790,415$778,837$845,905
68$877,414$791,893$767,675$860,607
69$928,484$792,270$754,966$872,932
70$983,553$791,455$740,621$885,468
71$1,042,991$789,351$724,547$898,260
72$1,107,203$785,856$706,647$911,357
73$1,176,637$780,862$686,818$924,817
74$1,251,782$774,253$664,955$938,709
75$1,333,179$765,906$640,946$953,108
76$1,421,420$755,693$614,675$968,106
77$1,517,158$743,475$586,019$983,805
78$1,621,110$729,107$554,853$1,000,322
79$1,734,065$712,435$521,042$1,017,792
80$1,856,891$693,295$484,448$1,036,365
81$1,990,543$671,515$444,926$1,056,216
82$2,136,071$646,912$402,324$1,077,541
83$2,294,631$619,292$356,482$1,100,560
84$2,467,496$588,450$307,237$1,125,524
85$2,656,065$554,169$254,415$1,152,715
86$2,861,881$516,220$197,834$1,182,451
87$3,086,639$474,361$137,308$1,215,089
88$3,332,207$428,335$72,639$1,251,030
89$3,600,641$377,872$3,621$1,290,724
90$3,894,204$322,686$0$1,334,675
91$4,215,390$262,475$0$1,404,372
92$4,566,941$196,918$0$1,482,038
93$4,951,881$125,678$0$1,567,366
94$5,373,536$48,400$0$1,661,218
95$5,835,573$0$0$1,764,550
96$6,342,025$0$0$1,895,512
97$6,897,340$0$0$2,064,927
98$7,506,412$0$0$2,250,867
99$8,174,634$0$0$2,454,997
100$8,907,945$0$0$2,679,145