Can I retire at age 67 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$61,852$61,301$60,763$60,239$59,726$59,450
2 years$30,620$30,049$29,497$28,961$28,441$28,162
3 years$20,210$19,638$19,086$18,556$18,044$17,771
4 years$15,007$14,436$13,890$13,368$12,869$12,604
5 years$11,885$11,318$10,779$10,268$9,783$9,527
6 years$9,805$9,242$8,711$8,211$7,741$7,494
7 years$8,320$7,761$7,239$6,751$6,295$6,058
8 years$7,206$6,653$6,139$5,663$5,223$4,995
9 years$6,341$5,792$5,288$4,824$4,398$4,180
10 years$5,649$5,106$4,610$4,158$3,748$3,538
11 years$5,083$4,545$4,059$3,619$3,223$3,023
12 years$4,612$4,080$3,602$3,174$2,793$2,602
13 years$4,213$3,687$3,218$2,802$2,436$2,253
14 years$3,872$3,351$2,891$2,488$2,135$1,961
15 years$3,577$3,061$2,611$2,219$1,880$1,714
16 years$3,318$2,809$2,367$1,986$1,661$1,504
17 years$3,091$2,587$2,154$1,785$1,473$1,323
18 years$2,889$2,390$1,966$1,608$1,310$1,168
19 years$2,708$2,215$1,800$1,453$1,167$1,033
20 years$2,546$2,059$1,652$1,316$1,043$915
21 years$2,399$1,917$1,519$1,195$933$813
22 years$2,266$1,790$1,400$1,086$836$723
23 years$2,144$1,674$1,293$989$751$643
24 years$2,033$1,568$1,196$902$675$573
25 years$1,931$1,472$1,108$824$607$512
26 years$1,837$1,383$1,027$753$547$457
27 years$1,750$1,302$954$690$493$409
28 years$1,669$1,227$887$632$445$366
29 years$1,594$1,157$825$579$402$327
30 years$1,525$1,093$769$532$363$293
31 years$1,459$1,033$717$488$328$263
32 years$1,399$978$669$449$297$235
33 years$1,341$926$624$413$269$211
34 years$1,288$878$583$380$243$189
35 years$1,237$832$545$350$220$170
36 years$1,190$790$510$322$200$153
37 years$1,145$750$477$297$181$137
38 years$1,102$713$447$273$164$123
39 years$1,062$678$419$252$149$111
40 years$1,024$645$393$233$135$99
41 years$988$614$368$215$122$89
42 years$954$585$345$198$111$80
43 years$921$557$324$183$101$72
44 years$890$531$304$169$92$65
45 years$860$506$286$156$83$58
46 years$832$483$268$144$75$52
47 years$805$461$252$133$68$47
48 years$779$440$237$123$62$42
49 years$755$420$223$114$56$38
50 years$731$402$209$105$51$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $749,000, adding $2,763 every year, while hoping to spend $21,968 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: 62/20/18 Blend
66$749,000$749,000$749,000$749,000
67$828,248$788,551$776,942$875,639
68$889,356$803,816$779,595$923,160
69$955,960$819,093$781,602$972,303
70$1,028,598$834,359$782,916$1,025,440
71$1,107,862$849,590$783,491$1,082,961
72$1,194,403$864,759$783,277$1,145,296
73$1,288,938$879,838$782,222$1,212,919
74$1,392,255$894,795$780,272$1,286,353
75$1,505,224$909,599$777,370$1,366,174
76$1,628,801$924,214$773,456$1,453,017
77$1,764,039$938,600$768,467$1,547,582
78$1,912,098$952,719$762,338$1,650,640
79$2,074,255$966,525$754,999$1,763,043
80$2,251,917$979,973$746,379$1,885,728
81$2,446,632$993,011$736,402$2,019,729
82$2,660,106$1,005,585$724,989$2,166,185
83$2,894,217$1,017,640$712,057$2,326,353
84$3,151,036$1,029,113$697,519$2,501,617
85$3,432,840$1,039,938$681,285$2,693,504
86$3,742,142$1,050,047$663,260$2,903,697
87$4,081,705$1,059,364$643,344$3,134,052
88$4,454,576$1,067,810$621,434$3,386,613
89$4,864,112$1,075,302$597,420$3,663,637
90$5,314,008$1,081,748$571,190$3,967,608
91$5,808,336$1,087,053$542,625$4,301,267
92$6,351,583$1,091,116$511,600$4,667,635
93$6,948,692$1,093,828$477,985$5,070,042
94$7,605,107$1,095,074$441,646$5,512,159
95$8,326,828$1,094,732$402,441$5,998,032
96$9,120,462$1,092,672$360,221$6,532,124
97$9,993,293$1,088,757$314,832$7,119,350
98$10,953,343$1,082,840$266,113$7,765,133
99$12,009,451$1,074,766$213,895$8,475,448
100$13,171,357$1,064,371$158,002$9,256,882