Can I retire at age 67 with 754,000?

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 $754,000?

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$62,265$61,710$61,169$60,641$60,125$59,846
2 years$30,824$30,250$29,694$29,154$28,631$28,350
3 years$20,345$19,769$19,214$18,679$18,165$17,890
4 years$15,107$14,532$13,983$13,457$12,955$12,688
5 years$11,965$11,393$10,851$10,337$9,848$9,590
6 years$9,871$9,304$8,769$8,266$7,793$7,544
7 years$8,375$7,813$7,287$6,796$6,338$6,098
8 years$7,254$6,697$6,180$5,701$5,258$5,028
9 years$6,383$5,831$5,323$4,856$4,428$4,207
10 years$5,686$5,140$4,641$4,186$3,773$3,562
11 years$5,117$4,576$4,086$3,643$3,245$3,043
12 years$4,642$4,107$3,626$3,195$2,812$2,619
13 years$4,241$3,711$3,240$2,821$2,452$2,268
14 years$3,898$3,374$2,911$2,504$2,149$1,974
15 years$3,600$3,082$2,628$2,233$1,892$1,726
16 years$3,341$2,828$2,383$2,000$1,672$1,514
17 years$3,111$2,604$2,168$1,797$1,483$1,332
18 years$2,908$2,406$1,979$1,619$1,319$1,176
19 years$2,726$2,230$1,812$1,463$1,175$1,040
20 years$2,563$2,072$1,663$1,325$1,050$922
21 years$2,415$1,930$1,530$1,203$939$818
22 years$2,281$1,802$1,410$1,093$842$727
23 years$2,159$1,685$1,302$996$756$648
24 years$2,047$1,579$1,204$908$679$577
25 years$1,944$1,482$1,115$829$611$515
26 years$1,849$1,393$1,034$758$551$460
27 years$1,762$1,311$960$694$496$411
28 years$1,681$1,235$893$636$448$368
29 years$1,605$1,165$831$583$405$329
30 years$1,535$1,100$774$535$366$295
31 years$1,469$1,040$721$492$330$264
32 years$1,408$984$673$452$299$237
33 years$1,350$932$628$415$271$213
34 years$1,296$883$587$382$245$191
35 years$1,245$838$549$352$222$171
36 years$1,198$795$514$324$201$154
37 years$1,152$755$481$299$182$138
38 years$1,110$718$450$275$165$124
39 years$1,069$683$422$254$150$111
40 years$1,031$649$395$234$136$100
41 years$994$618$371$216$123$90
42 years$960$589$348$199$112$81
43 years$927$561$326$184$101$73
44 years$896$535$306$170$92$65
45 years$866$510$288$157$84$59
46 years$838$486$270$145$76$53
47 years$811$464$254$134$69$48
48 years$785$443$238$124$63$43
49 years$760$423$224$114$57$38
50 years$736$404$211$106$52$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $754,000, adding $6,793 every year, while hoping to spend $25,476 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: 50/32/18 Blend
66$754,000$754,000$754,000$754,000
67$837,915$797,953$786,266$875,308
68$896,276$809,946$785,500$913,828
69$959,736$821,674$783,854$952,487
70$1,028,788$833,095$781,272$993,953
71$1,103,975$844,167$777,695$1,038,498
72$1,185,894$854,845$773,062$1,086,426
73$1,275,203$865,079$767,306$1,138,070
74$1,372,623$874,818$760,361$1,193,798
75$1,478,952$884,005$752,154$1,254,017
76$1,595,066$892,582$742,612$1,319,177
77$1,721,929$900,485$731,656$1,389,773
78$1,860,603$907,646$719,203$1,466,352
79$2,012,257$913,994$705,170$1,549,518
80$2,178,180$919,452$689,465$1,639,939
81$2,359,787$923,938$671,996$1,738,351
82$2,558,641$927,367$652,663$1,845,567
83$2,776,460$929,645$631,364$1,962,484
84$3,015,136$930,675$607,993$2,090,091
85$3,276,755$930,353$582,436$2,229,483
86$3,563,613$928,569$554,576$2,381,865
87$3,878,238$925,206$524,291$2,548,569
88$4,223,416$920,138$491,452$2,731,064
89$4,602,214$913,234$455,925$2,930,970
90$5,018,011$904,355$417,570$3,150,078
91$5,474,531$893,351$376,241$3,390,361
92$5,975,873$880,065$331,786$3,653,997
93$6,526,555$864,331$284,043$3,943,390
94$7,131,552$845,972$232,847$4,261,192
95$7,796,347$824,801$178,024$4,610,327
96$8,526,978$800,619$119,391$4,994,024
97$9,330,098$773,219$56,760$5,415,842
98$10,213,038$742,376$0$5,879,709
99$11,183,873$707,858$0$6,391,894
100$12,251,500$669,414$0$6,966,999