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%11.7%
1 years$62,182$61,628$61,088$60,560$60,045$59,617
2 years$30,783$30,210$29,654$29,116$28,593$28,161
3 years$20,318$19,742$19,188$18,655$18,141$17,718
4 years$15,087$14,513$13,964$13,440$12,938$12,529
5 years$11,949$11,378$10,837$10,323$9,835$9,440
6 years$9,857$9,291$8,758$8,255$7,782$7,402
7 years$8,364$7,803$7,278$6,787$6,329$5,964
8 years$7,245$6,688$6,172$5,694$5,251$4,900
9 years$6,375$5,823$5,316$4,850$4,422$4,086
10 years$5,679$5,133$4,635$4,180$3,768$3,447
11 years$5,110$4,570$4,080$3,638$3,240$2,934
12 years$4,636$4,101$3,621$3,191$2,808$2,516
13 years$4,236$3,707$3,235$2,817$2,449$2,170
14 years$3,893$3,369$2,907$2,501$2,146$1,882
15 years$3,596$3,078$2,624$2,230$1,890$1,638
16 years$3,336$2,824$2,379$1,997$1,670$1,431
17 years$3,107$2,601$2,165$1,794$1,481$1,255
18 years$2,904$2,403$1,977$1,617$1,317$1,102
19 years$2,722$2,227$1,809$1,461$1,174$971
20 years$2,559$2,070$1,661$1,323$1,048$857
21 years$2,412$1,928$1,527$1,201$938$757
22 years$2,278$1,799$1,408$1,092$841$670
23 years$2,156$1,683$1,300$995$755$594
24 years$2,044$1,577$1,202$907$678$527
25 years$1,941$1,480$1,113$828$611$468
26 years$1,847$1,391$1,033$757$550$416
27 years$1,759$1,309$959$693$496$370
28 years$1,678$1,233$891$635$447$330
29 years$1,603$1,164$830$583$404$294
30 years$1,533$1,099$773$535$365$262
31 years$1,467$1,039$720$491$330$233
32 years$1,406$983$672$451$299$208
33 years$1,349$931$628$415$270$186
34 years$1,295$882$586$382$245$166
35 years$1,244$837$548$351$222$148
36 years$1,196$794$513$324$201$132
37 years$1,151$754$480$298$182$118
38 years$1,108$717$449$275$165$106
39 years$1,068$682$421$253$150$94
40 years$1,029$649$395$234$136$84
41 years$993$617$370$216$123$76
42 years$959$588$347$199$112$68
43 years$926$560$326$184$101$60
44 years$895$534$306$170$92$54
45 years$865$509$287$157$84$48
46 years$837$486$270$145$76$43
47 years$809$464$253$134$69$39
48 years$784$443$238$124$63$35
49 years$759$423$224$114$57$31
50 years$735$404$210$106$52$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $753,000, adding $4,856 every year, while hoping to spend $56,206 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: 32/41/27 Blend
66$753,000$753,000$753,000$753,000
67$834,815$794,906$783,234$854,518
68$860,163$774,054$749,670$849,127
69$886,213$750,296$713,097$838,006
70$912,978$723,431$673,357$824,920
71$940,467$693,245$630,280$809,735
72$968,693$659,512$583,693$792,309
73$997,666$621,994$533,413$772,491
74$1,027,394$580,438$479,248$750,123
75$1,057,886$534,577$421,000$725,037
76$1,089,146$484,127$358,460$697,056
77$1,121,182$428,792$291,411$665,993
78$1,153,994$368,255$219,625$631,650
79$1,187,585$302,182$142,866$593,818
80$1,221,952$230,223$60,885$552,275
81$1,257,092$152,004$0$506,790
82$1,292,996$67,134$0$464,777
83$1,329,655$0$0$437,532
84$1,367,053$0$0$418,490
85$1,405,172$0$0$429,929
86$1,443,987$0$0$441,550
87$1,483,469$0$0$453,342
88$1,523,583$0$0$465,290
89$1,564,285$0$0$477,375
90$1,605,526$0$0$489,579
91$1,647,246$0$0$501,879
92$1,689,378$0$0$514,248
93$1,731,842$0$0$526,655
94$1,774,546$0$0$539,066
95$1,817,387$0$0$551,443
96$1,860,246$0$0$563,739
97$1,902,987$0$0$575,905
98$1,945,457$0$0$587,884
99$1,987,483$0$0$599,612
100$2,028,868$0$0$611,016