Can I retire at age 67 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$62,595$62,037$61,493$60,962$60,444$59,565
2 years$30,988$30,410$29,851$29,309$28,783$27,899
3 years$20,453$19,874$19,316$18,778$18,261$17,400
4 years$15,187$14,609$14,057$13,529$13,024$12,193
5 years$12,028$11,454$10,909$10,391$9,901$9,101
6 years$9,923$9,353$8,816$8,310$7,834$7,067
7 years$8,420$7,855$7,326$6,832$6,371$5,637
8 years$7,293$6,733$6,213$5,731$5,285$4,585
9 years$6,417$5,862$5,351$4,882$4,451$3,783
10 years$5,717$5,167$4,665$4,208$3,793$3,156
11 years$5,144$4,600$4,107$3,662$3,262$2,657
12 years$4,667$4,129$3,645$3,212$2,827$2,252
13 years$4,264$3,731$3,257$2,836$2,465$1,920
14 years$3,919$3,392$2,926$2,518$2,161$1,645
15 years$3,620$3,098$2,642$2,245$1,902$1,415
16 years$3,358$2,843$2,395$2,010$1,681$1,221
17 years$3,128$2,618$2,180$1,806$1,491$1,057
18 years$2,923$2,419$1,990$1,628$1,326$917
19 years$2,741$2,242$1,821$1,471$1,181$797
20 years$2,576$2,083$1,672$1,332$1,055$694
21 years$2,428$1,941$1,538$1,209$944$605
22 years$2,293$1,811$1,417$1,099$847$529
23 years$2,170$1,694$1,308$1,001$760$462
24 years$2,058$1,587$1,210$913$683$404
25 years$1,954$1,490$1,121$834$615$354
26 years$1,859$1,400$1,040$762$554$310
27 years$1,771$1,318$965$698$499$272
28 years$1,689$1,242$897$639$450$239
29 years$1,614$1,171$835$586$407$210
30 years$1,543$1,106$778$538$367$184
31 years$1,477$1,046$725$494$332$162
32 years$1,415$989$677$454$301$142
33 years$1,357$937$632$418$272$125
34 years$1,303$888$590$384$246$110
35 years$1,252$842$552$354$223$97
36 years$1,204$799$516$326$202$85
37 years$1,158$759$483$300$183$75
38 years$1,115$722$452$277$166$66
39 years$1,075$686$424$255$151$58
40 years$1,036$653$397$235$137$51
41 years$1,000$621$373$217$124$45
42 years$965$592$349$200$112$40
43 years$932$564$328$185$102$35
44 years$901$538$308$171$93$31
45 years$871$513$289$158$84$27
46 years$842$489$271$146$76$24
47 years$815$467$255$135$69$21
48 years$789$445$240$124$63$18
49 years$764$425$225$115$57$16
50 years$740$406$212$106$52$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $758,000, adding $6,787 every year, while hoping to spend $23,673 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: 78/14/8 Blend
66$758,000$758,000$758,000$758,000
67$842,317$802,143$790,394$906,550
68$903,045$816,260$791,684$963,798
69$969,175$830,275$792,224$1,022,814
70$1,041,231$844,159$791,964$1,086,841
71$1,119,792$857,879$790,851$1,156,367
72$1,205,496$871,400$788,830$1,231,931
73$1,299,044$884,686$785,843$1,314,125
74$1,401,207$897,696$781,829$1,403,602
75$1,512,835$910,388$776,725$1,501,080
76$1,634,863$922,716$770,464$1,607,352
77$1,768,322$934,632$762,977$1,723,288
78$1,914,344$946,082$754,190$1,849,852
79$2,074,178$957,012$744,027$1,988,100
80$2,249,200$967,361$732,408$2,139,201
81$2,440,923$977,066$719,248$2,304,438
82$2,651,014$986,059$704,459$2,485,227
83$2,881,309$994,268$687,951$2,683,130
84$3,133,832$1,001,615$669,626$2,899,864
85$3,410,808$1,008,020$649,384$3,137,325
86$3,714,692$1,013,394$627,119$3,397,600
87$4,048,185$1,017,645$602,722$3,682,988
88$4,414,264$1,020,674$576,078$3,996,024
89$4,816,208$1,022,376$547,066$4,339,502
90$5,257,628$1,022,640$515,559$4,716,498
91$5,742,504$1,021,347$481,428$5,130,406
92$6,275,218$1,018,371$444,534$5,584,962
93$6,860,598$1,013,580$404,734$6,084,286
94$7,503,964$1,006,830$361,878$6,632,917
95$8,211,177$997,973$315,810$7,235,858
96$8,988,692$986,849$266,365$7,898,620
97$9,843,624$973,289$213,372$8,627,281
98$10,783,807$957,115$156,654$9,428,534
99$11,817,878$938,136$96,025$10,309,759
100$12,955,349$916,151$31,289$11,279,087