Can I retire at age 67 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$62,182$61,628$61,088$60,560$60,045$59,197
2 years$30,783$30,210$29,654$29,116$28,593$27,740
3 years$20,318$19,742$19,188$18,655$18,141$17,309
4 years$15,087$14,513$13,964$13,440$12,938$12,135
5 years$11,949$11,378$10,837$10,323$9,835$9,063
6 years$9,857$9,291$8,758$8,255$7,782$7,041
7 years$8,364$7,803$7,278$6,787$6,329$5,620
8 years$7,245$6,688$6,172$5,694$5,251$4,573
9 years$6,375$5,823$5,316$4,850$4,422$3,775
10 years$5,679$5,133$4,635$4,180$3,768$3,152
11 years$5,110$4,570$4,080$3,638$3,240$2,655
12 years$4,636$4,101$3,621$3,191$2,808$2,252
13 years$4,236$3,707$3,235$2,817$2,449$1,921
14 years$3,893$3,369$2,907$2,501$2,146$1,647
15 years$3,596$3,078$2,624$2,230$1,890$1,418
16 years$3,336$2,824$2,379$1,997$1,670$1,224
17 years$3,107$2,601$2,165$1,794$1,481$1,060
18 years$2,904$2,403$1,977$1,617$1,317$921
19 years$2,722$2,227$1,809$1,461$1,174$801
20 years$2,559$2,070$1,661$1,323$1,048$698
21 years$2,412$1,928$1,527$1,201$938$609
22 years$2,278$1,799$1,408$1,092$841$532
23 years$2,156$1,683$1,300$995$755$466
24 years$2,044$1,577$1,202$907$678$408
25 years$1,941$1,480$1,113$828$611$357
26 years$1,847$1,391$1,033$757$550$314
27 years$1,759$1,309$959$693$496$275
28 years$1,678$1,233$891$635$447$242
29 years$1,603$1,164$830$583$404$212
30 years$1,533$1,099$773$535$365$187
31 years$1,467$1,039$720$491$330$164
32 years$1,406$983$672$451$299$144
33 years$1,349$931$628$415$270$127
34 years$1,295$882$586$382$245$112
35 years$1,244$837$548$351$222$98
36 years$1,196$794$513$324$201$87
37 years$1,151$754$480$298$182$76
38 years$1,108$717$449$275$165$67
39 years$1,068$682$421$253$150$59
40 years$1,029$649$395$234$136$52
41 years$993$617$370$216$123$46
42 years$959$588$347$199$112$41
43 years$926$560$326$184$101$36
44 years$895$534$306$170$92$31
45 years$865$509$287$157$84$28
46 years$837$486$270$145$76$24
47 years$809$464$253$134$69$22
48 years$784$443$238$124$63$19
49 years$759$423$224$114$57$17
50 years$735$404$210$106$52$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $753,000, adding $4,504 every year, while hoping to spend $47,028 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: 61/11/28 Blend
66$753,000$753,000$753,000$753,000
67$834,452$794,543$782,871$878,807
68$869,529$783,438$759,060$898,425
69$906,607$770,213$732,875$914,367
70$945,841$754,714$704,187$930,776
71$987,401$736,778$672,861$947,708
72$1,031,469$716,234$638,755$965,225
73$1,078,248$692,899$601,723$983,399
74$1,127,958$666,580$561,609$1,002,312
75$1,180,840$637,072$518,253$1,022,055
76$1,237,158$604,161$471,487$1,042,732
77$1,297,200$567,616$421,133$1,064,461
78$1,361,282$527,198$367,009$1,087,373
79$1,429,752$482,649$308,923$1,111,615
80$1,502,988$433,701$246,674$1,137,355
81$1,581,408$380,067$180,052$1,164,779
82$1,665,468$321,447$108,840$1,194,096
83$1,755,668$257,520$32,809$1,225,539
84$1,852,560$187,952$0$1,259,372
85$1,956,745$112,386$0$1,310,326
86$2,068,887$30,446$0$1,375,688
87$2,189,712$0$0$1,446,088
88$2,320,021$0$0$1,529,067
89$2,460,690$0$0$1,622,667
90$2,612,684$0$0$1,723,850
91$2,777,064$0$0$1,833,327
92$2,954,993$0$0$1,951,880
93$3,147,754$0$0$2,080,370
94$3,356,753$0$0$2,219,742
95$3,583,540$0$0$2,371,035
96$3,829,818$0$0$2,535,395
97$4,097,460$0$0$2,714,078
98$4,388,527$0$0$2,908,469
99$4,705,287$0$0$3,120,091
100$5,050,233$0$0$3,350,620