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%11.9%
1 years$62,265$61,710$61,169$60,641$60,125$59,646
2 years$30,824$30,250$29,694$29,154$28,631$28,148
3 years$20,345$19,769$19,214$18,679$18,165$17,693
4 years$15,107$14,532$13,983$13,457$12,955$12,498
5 years$11,965$11,393$10,851$10,337$9,848$9,408
6 years$9,871$9,304$8,769$8,266$7,793$7,369
7 years$8,375$7,813$7,287$6,796$6,338$5,930
8 years$7,254$6,697$6,180$5,701$5,258$4,867
9 years$6,383$5,831$5,323$4,856$4,428$4,054
10 years$5,686$5,140$4,641$4,186$3,773$3,415
11 years$5,117$4,576$4,086$3,643$3,245$2,904
12 years$4,642$4,107$3,626$3,195$2,812$2,487
13 years$4,241$3,711$3,240$2,821$2,452$2,142
14 years$3,898$3,374$2,911$2,504$2,149$1,855
15 years$3,600$3,082$2,628$2,233$1,892$1,613
16 years$3,341$2,828$2,383$2,000$1,672$1,407
17 years$3,111$2,604$2,168$1,797$1,483$1,232
18 years$2,908$2,406$1,979$1,619$1,319$1,081
19 years$2,726$2,230$1,812$1,463$1,175$950
20 years$2,563$2,072$1,663$1,325$1,050$837
21 years$2,415$1,930$1,530$1,203$939$739
22 years$2,281$1,802$1,410$1,093$842$653
23 years$2,159$1,685$1,302$996$756$578
24 years$2,047$1,579$1,204$908$679$512
25 years$1,944$1,482$1,115$829$611$454
26 years$1,849$1,393$1,034$758$551$403
27 years$1,762$1,311$960$694$496$358
28 years$1,681$1,235$893$636$448$318
29 years$1,605$1,165$831$583$405$283
30 years$1,535$1,100$774$535$366$252
31 years$1,469$1,040$721$492$330$224
32 years$1,408$984$673$452$299$200
33 years$1,350$932$628$415$271$178
34 years$1,296$883$587$382$245$159
35 years$1,245$838$549$352$222$141
36 years$1,198$795$514$324$201$126
37 years$1,152$755$481$299$182$113
38 years$1,110$718$450$275$165$100
39 years$1,069$683$422$254$150$90
40 years$1,031$649$395$234$136$80
41 years$994$618$371$216$123$71
42 years$960$589$348$199$112$64
43 years$927$561$326$184$101$57
44 years$896$535$306$170$92$51
45 years$866$510$288$157$84$45
46 years$838$486$270$145$76$40
47 years$811$464$254$134$69$36
48 years$785$443$238$124$63$32
49 years$760$423$224$114$57$29
50 years$736$404$211$106$52$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $754,000, adding $6,151 every year, while hoping to spend $31,231 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: 60/28/12 Blend
66$754,000$754,000$754,000$754,000
67$837,253$797,291$785,604$884,701
68$889,423$803,128$778,692$923,178
69$945,868$808,205$770,502$961,057
70$1,006,990$812,452$760,958$1,001,620
71$1,073,234$815,792$749,980$1,045,128
72$1,145,085$818,147$737,486$1,091,869
73$1,223,080$819,433$723,388$1,142,162
74$1,307,809$819,560$707,596$1,196,360
75$1,399,919$818,431$690,014$1,254,851
76$1,500,123$815,947$670,542$1,318,064
77$1,609,207$812,000$649,077$1,386,475
78$1,728,034$806,476$625,508$1,460,607
79$1,857,554$799,253$599,723$1,541,039
80$1,998,812$790,205$571,602$1,628,410
81$2,152,960$779,194$541,020$1,723,425
82$2,321,265$766,078$507,847$1,826,865
83$2,505,121$750,702$471,947$1,939,590
84$2,706,064$732,907$433,177$2,062,550
85$2,925,783$712,520$391,390$2,196,794
86$3,166,140$689,361$346,429$2,343,480
87$3,429,185$663,238$298,132$2,503,886
88$3,717,173$633,948$246,331$2,679,426
89$4,032,590$601,277$190,848$2,871,656
90$4,378,171$564,996$131,499$3,082,296
91$4,756,931$524,868$68,090$3,313,245
92$5,172,188$480,637$422$3,566,598
93$5,627,599$432,035$0$3,844,667
94$6,127,188$378,778$0$4,159,196
95$6,675,390$320,568$0$4,504,465
96$7,277,092$257,087$0$4,883,555
97$7,937,672$188,001$0$5,299,926
98$8,663,058$112,957$0$5,757,394
99$9,459,780$31,582$0$6,260,165
100$10,335,030$0$0$6,812,880