Can I retire at age 67 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$62,347$61,792$61,250$60,721$60,205$59,305
2 years$30,865$30,290$29,733$29,193$28,669$27,765
3 years$20,372$19,795$19,239$18,704$18,189$17,308
4 years$15,127$14,551$14,001$13,475$12,972$12,122
5 years$11,981$11,408$10,866$10,350$9,861$9,043
6 years$9,884$9,316$8,781$8,277$7,803$7,019
7 years$8,386$7,823$7,297$6,805$6,346$5,595
8 years$7,264$6,706$6,188$5,709$5,265$4,548
9 years$6,392$5,839$5,330$4,863$4,434$3,750
10 years$5,694$5,147$4,647$4,192$3,778$3,127
11 years$5,124$4,582$4,091$3,648$3,249$2,631
12 years$4,649$4,112$3,631$3,200$2,815$2,229
13 years$4,247$3,716$3,244$2,825$2,455$1,899
14 years$3,903$3,378$2,915$2,508$2,152$1,626
15 years$3,605$3,086$2,631$2,236$1,895$1,398
16 years$3,345$2,831$2,386$2,002$1,675$1,205
17 years$3,115$2,608$2,171$1,799$1,485$1,042
18 years$2,912$2,409$1,982$1,621$1,320$904
19 years$2,730$2,233$1,814$1,465$1,177$785
20 years$2,566$2,075$1,665$1,327$1,051$683
21 years$2,418$1,933$1,532$1,204$941$595
22 years$2,284$1,804$1,412$1,095$843$519
23 years$2,161$1,687$1,303$997$757$454
24 years$2,049$1,581$1,205$909$680$397
25 years$1,947$1,484$1,116$831$612$347
26 years$1,852$1,394$1,035$759$551$304
27 years$1,764$1,312$961$695$497$266
28 years$1,683$1,237$894$637$449$234
29 years$1,607$1,167$832$584$405$205
30 years$1,537$1,102$775$536$366$180
31 years$1,471$1,042$722$492$331$158
32 years$1,410$985$674$452$299$139
33 years$1,352$933$629$416$271$122
34 years$1,298$885$588$383$245$107
35 years$1,247$839$550$352$222$94
36 years$1,199$796$514$325$201$83
37 years$1,154$756$481$299$182$73
38 years$1,111$719$451$276$165$64
39 years$1,071$683$422$254$150$56
40 years$1,032$650$396$234$136$49
41 years$996$619$371$216$123$43
42 years$961$590$348$200$112$38
43 years$928$562$327$184$102$34
44 years$897$535$307$170$92$30
45 years$867$511$288$157$84$26
46 years$839$487$270$145$76$23
47 years$812$465$254$134$69$20
48 years$786$444$239$124$63$18
49 years$761$424$224$114$57$16
50 years$737$405$211$106$52$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $755,000, adding $3,079 every year, while hoping to spend $36,023 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: 61/12/27 Blend
66$755,000$755,000$755,000$755,000
67$835,186$795,171$783,468$879,903
68$882,047$795,806$771,386$911,314
69$932,480$795,265$757,692$941,420
70$986,812$793,452$742,294$973,514
71$1,045,401$790,266$725,096$1,007,798
72$1,108,642$785,598$705,996$1,044,494
73$1,176,966$779,335$684,889$1,083,850
74$1,250,849$771,356$661,666$1,126,140
75$1,330,814$761,530$636,210$1,171,666
76$1,417,436$749,724$608,402$1,220,765
77$1,511,345$735,791$578,114$1,273,807
78$1,613,238$719,580$545,216$1,331,203
79$1,723,877$700,928$509,569$1,393,409
80$1,844,102$679,664$471,030$1,460,927
81$1,974,840$655,607$429,449$1,534,315
82$2,117,105$628,563$384,667$1,614,188
83$2,272,018$598,331$336,522$1,701,227
84$2,440,809$564,695$284,841$1,796,185
85$2,624,835$527,427$229,445$1,899,894
86$2,825,585$486,288$170,149$2,013,275
87$3,044,701$441,024$106,756$2,137,345
88$3,283,992$391,364$39,063$2,273,228
89$3,545,444$337,027$0$2,422,166
90$3,831,250$277,711$0$2,595,091
91$4,143,818$213,100$0$2,796,590
92$4,485,805$142,860$0$3,017,141
93$4,860,133$66,636$0$3,258,664
94$5,270,021$0$0$3,523,274
95$5,719,014$0$0$3,815,410
96$6,211,014$0$0$4,145,229
97$6,750,321$0$0$4,506,818
98$7,341,670$0$0$4,903,362
99$7,990,274$0$0$5,338,364
100$8,701,879$0$0$5,815,684