Can I retire at age 67 with 705,000?

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 $705,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$58,218$57,700$57,194$56,700$56,218$54,703
2 years$28,821$28,284$27,764$27,260$26,770$25,255
3 years$19,023$18,484$17,965$17,465$16,984$15,516
4 years$14,125$13,588$13,074$12,583$12,113$10,703
5 years$11,187$10,653$10,146$9,665$9,208$7,861
6 years$9,229$8,699$8,199$7,729$7,286$6,002
7 years$7,831$7,305$6,814$6,354$5,926$4,705
8 years$6,783$6,262$5,779$5,331$4,916$3,758
9 years$5,968$5,452$4,977$4,541$4,140$3,043
10 years$5,317$4,806$4,339$3,914$3,527$2,491
11 years$4,784$4,278$3,820$3,406$3,034$2,056
12 years$4,341$3,840$3,390$2,988$2,629$1,708
13 years$3,966$3,470$3,029$2,638$2,292$1,427
14 years$3,645$3,154$2,722$2,342$2,010$1,197
15 years$3,366$2,882$2,457$2,088$1,769$1,008
16 years$3,123$2,644$2,228$1,870$1,564$851
17 years$2,909$2,435$2,027$1,680$1,387$720
18 years$2,719$2,250$1,851$1,514$1,233$611
19 years$2,549$2,085$1,694$1,368$1,099$519
20 years$2,396$1,938$1,555$1,239$982$441
21 years$2,258$1,805$1,430$1,124$878$376
22 years$2,133$1,685$1,318$1,022$787$320
23 years$2,018$1,576$1,217$931$707$273
24 years$1,914$1,476$1,126$849$635$234
25 years$1,818$1,385$1,042$776$572$200
26 years$1,729$1,302$967$709$515$171
27 years$1,647$1,225$898$649$464$146
28 years$1,571$1,155$835$595$419$125
29 years$1,501$1,089$777$545$378$107
30 years$1,435$1,029$723$501$342$92
31 years$1,374$973$674$460$309$78
32 years$1,316$920$629$422$279$67
33 years$1,263$871$588$388$253$58
34 years$1,212$826$549$357$229$49
35 years$1,164$783$513$329$207$42
36 years$1,120$744$480$303$188$36
37 years$1,077$706$449$279$170$31
38 years$1,037$671$421$257$154$27
39 years$1,000$638$394$237$140$23
40 years$964$607$370$219$127$20
41 years$930$578$347$202$115$17
42 years$898$550$325$186$105$14
43 years$867$524$305$172$95$12
44 years$838$500$286$159$86$11
45 years$810$477$269$147$78$9
46 years$783$455$253$136$71$8
47 years$758$434$237$125$64$7
48 years$734$414$223$116$59$6
49 years$710$396$210$107$53$5
50 years$688$378$197$99$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $705,000, adding $4,994 every year, while hoping to spend $49,206 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: 40/30/30 Blend
66$705,000$705,000$705,000$705,000
67$782,061$744,696$733,769$806,256
68$809,477$728,832$705,995$808,506
69$838,039$710,540$675,642$806,038
70$867,814$689,652$642,571$802,447
71$898,872$665,985$606,637$797,662
72$931,287$639,348$567,690$791,611
73$965,141$609,540$525,571$784,217
74$1,000,523$576,344$480,115$775,399
75$1,037,527$539,536$431,149$765,076
76$1,076,257$498,875$378,495$753,161
77$1,116,823$454,109$321,963$739,565
78$1,159,347$404,968$261,357$724,197
79$1,203,960$351,171$196,471$706,962
80$1,250,804$292,418$127,093$687,762
81$1,300,032$228,393$52,997$666,497
82$1,351,814$158,763$0$643,064
83$1,406,332$83,175$0$625,703
84$1,463,785$1,258$0$624,607
85$1,524,389$0$0$622,764
86$1,588,381$0$0$648,994
87$1,656,017$0$0$677,196
88$1,727,580$0$0$707,078
89$1,803,375$0$0$738,774
90$1,883,739$0$0$772,430
91$1,969,036$0$0$808,204
92$2,059,669$0$0$846,273
93$2,156,074$0$0$886,827
94$2,258,732$0$0$930,076
95$2,368,167$0$0$976,250
96$2,484,954$0$0$1,025,599
97$2,609,724$0$0$1,078,400
98$2,743,166$0$0$1,134,954
99$2,886,037$0$0$1,195,593
100$3,039,169$0$0$1,260,682