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%11.2%
1 years$62,347$61,792$61,250$60,721$60,205$59,901
2 years$30,865$30,290$29,733$29,193$28,669$28,362
3 years$20,372$19,795$19,239$18,704$18,189$17,889
4 years$15,127$14,551$14,001$13,475$12,972$12,681
5 years$11,981$11,408$10,866$10,350$9,861$9,580
6 years$9,884$9,316$8,781$8,277$7,803$7,532
7 years$8,386$7,823$7,297$6,805$6,346$6,085
8 years$7,264$6,706$6,188$5,709$5,265$5,014
9 years$6,392$5,839$5,330$4,863$4,434$4,194
10 years$5,694$5,147$4,647$4,192$3,778$3,548
11 years$5,124$4,582$4,091$3,648$3,249$3,029
12 years$4,649$4,112$3,631$3,200$2,815$2,606
13 years$4,247$3,716$3,244$2,825$2,455$2,255
14 years$3,903$3,378$2,915$2,508$2,152$1,961
15 years$3,605$3,086$2,631$2,236$1,895$1,713
16 years$3,345$2,831$2,386$2,002$1,675$1,502
17 years$3,115$2,608$2,171$1,799$1,485$1,321
18 years$2,912$2,409$1,982$1,621$1,320$1,165
19 years$2,730$2,233$1,814$1,465$1,177$1,030
20 years$2,566$2,075$1,665$1,327$1,051$912
21 years$2,418$1,933$1,532$1,204$941$809
22 years$2,284$1,804$1,412$1,095$843$719
23 years$2,161$1,687$1,303$997$757$639
24 years$2,049$1,581$1,205$909$680$570
25 years$1,947$1,484$1,116$831$612$508
26 years$1,852$1,394$1,035$759$551$453
27 years$1,764$1,312$961$695$497$405
28 years$1,683$1,237$894$637$449$362
29 years$1,607$1,167$832$584$405$324
30 years$1,537$1,102$775$536$366$290
31 years$1,471$1,042$722$492$331$259
32 years$1,410$985$674$452$299$232
33 years$1,352$933$629$416$271$208
34 years$1,298$885$588$383$245$187
35 years$1,247$839$550$352$222$167
36 years$1,199$796$514$325$201$150
37 years$1,154$756$481$299$182$135
38 years$1,111$719$451$276$165$121
39 years$1,071$683$422$254$150$109
40 years$1,032$650$396$234$136$97
41 years$996$619$371$216$123$87
42 years$961$590$348$200$112$79
43 years$928$562$327$184$102$71
44 years$897$535$307$170$92$63
45 years$867$511$288$157$84$57
46 years$839$487$270$145$76$51
47 years$812$465$254$134$69$46
48 years$786$444$239$124$63$41
49 years$761$424$224$114$57$37
50 years$737$405$211$106$52$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $755,000, adding $2,399 every year, while hoping to spend $48,159 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: 79/7/14 Blend
66$755,000$755,000$755,000$755,000
67$834,485$794,470$782,767$897,863
68$868,361$782,158$757,749$927,595
69$904,079$767,629$730,279$953,792
70$941,775$750,723$700,223$981,168
71$981,599$731,271$667,443$1,009,819
72$1,023,714$709,094$631,794$1,039,853
73$1,068,297$684,004$593,123$1,071,391
74$1,115,542$655,800$551,272$1,104,562
75$1,165,662$624,269$506,075$1,139,514
76$1,218,890$589,188$457,358$1,176,405
77$1,275,477$550,319$404,940$1,215,414
78$1,335,703$507,411$348,633$1,256,737
79$1,399,871$460,201$288,238$1,300,590
80$1,468,314$408,407$223,550$1,347,214
81$1,541,396$351,732$154,353$1,396,872
82$1,619,517$289,866$80,423$1,449,856
83$1,703,114$222,476$1,523$1,506,491
84$1,792,668$149,214$0$1,567,133
85$1,888,706$69,711$0$1,644,528
86$1,991,804$0$0$1,727,805
87$2,102,598$0$0$1,818,526
88$2,221,784$0$0$1,921,909
89$2,350,125$0$0$2,033,252
90$2,488,460$0$0$2,153,284
91$2,637,713$0$0$2,282,807
92$2,798,896$0$0$2,422,703
93$2,973,121$0$0$2,573,940
94$3,161,613$0$0$2,737,584
95$3,365,715$0$0$2,914,803
96$3,586,907$0$0$3,106,886
97$3,826,814$0$0$3,315,247
98$4,087,224$0$0$3,541,441
99$4,370,104$0$0$3,787,180
100$4,677,615$0$0$4,054,347