Can I retire at age 67 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$59,292$58,764$58,248$57,745$57,254$56,562
2 years$29,352$28,806$28,276$27,762$27,264$26,568
3 years$19,374$18,825$18,296$17,788$17,297$16,618
4 years$14,386$13,838$13,315$12,815$12,337$11,680
5 years$11,393$10,849$10,333$9,843$9,378$8,746
6 years$9,399$8,859$8,351$7,872$7,421$6,813
7 years$7,975$7,440$6,939$6,472$6,035$5,453
8 years$6,908$6,377$5,885$5,429$5,007$4,450
9 years$6,078$5,553$5,069$4,624$4,216$3,685
10 years$5,415$4,894$4,419$3,986$3,592$3,086
11 years$4,872$4,357$3,891$3,469$3,090$2,607
12 years$4,421$3,911$3,453$3,043$2,677$2,219
13 years$4,039$3,534$3,085$2,686$2,335$1,899
14 years$3,712$3,213$2,772$2,385$2,047$1,634
15 years$3,429$2,935$2,503$2,127$1,802$1,411
16 years$3,181$2,693$2,269$1,904$1,593$1,223
17 years$2,963$2,480$2,065$1,711$1,412$1,063
18 years$2,769$2,291$1,885$1,542$1,256$926
19 years$2,596$2,124$1,725$1,393$1,119$808
20 years$2,440$1,973$1,583$1,262$1,000$707
21 years$2,300$1,838$1,456$1,145$895$619
22 years$2,172$1,716$1,342$1,041$802$543
23 years$2,056$1,605$1,239$948$720$477
24 years$1,949$1,504$1,146$865$647$420
25 years$1,851$1,411$1,062$790$582$369
26 years$1,761$1,326$985$722$524$325
27 years$1,678$1,248$914$661$473$286
28 years$1,600$1,176$850$606$427$253
29 years$1,528$1,109$791$555$385$223
30 years$1,462$1,048$737$510$348$197
31 years$1,399$990$687$468$315$174
32 years$1,341$937$641$430$285$153
33 years$1,286$888$598$396$258$136
34 years$1,234$841$559$364$233$120
35 years$1,186$798$523$335$211$106
36 years$1,140$757$489$309$191$94
37 years$1,097$719$458$284$173$83
38 years$1,057$684$429$262$157$73
39 years$1,018$650$402$242$143$65
40 years$982$618$376$223$129$57
41 years$947$589$353$206$117$51
42 years$914$561$331$190$106$45
43 years$883$534$311$175$97$40
44 years$853$509$292$162$88$35
45 years$825$486$274$149$80$31
46 years$798$463$257$138$72$28
47 years$772$442$242$128$66$24
48 years$747$422$227$118$60$22
49 years$724$403$213$109$54$19
50 years$701$385$201$101$49$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $718,000, adding $2,484 every year, while hoping to spend $59,030 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: 35/36/29 Blend
66$718,000$718,000$718,000$718,000
67$793,798$755,744$744,615$814,578
68$811,958$729,968$706,752$804,622
69$829,992$700,951$665,643$788,423
70$847,825$668,471$621,115$769,818
71$865,371$632,294$572,991$748,634
72$882,536$592,173$521,083$724,682
73$899,212$547,847$465,196$697,766
74$915,278$499,039$405,127$667,673
75$930,600$445,455$340,663$634,177
76$945,027$386,788$271,581$597,036
77$958,390$322,711$197,649$555,994
78$970,501$252,879$118,625$510,773
79$981,149$176,927$34,256$461,081
80$990,100$94,470$0$406,602
81$997,094$5,103$0$364,261
82$1,001,840$0$0$328,870
83$1,004,016$0$0$325,812
84$1,003,264$0$0$323,587
85$999,186$0$0$320,017
86$991,339$0$0$314,932
87$979,235$0$0$308,139
88$962,329$0$0$299,428
89$940,021$0$0$288,564
90$911,642$0$0$275,287
91$876,454$0$0$259,310
92$833,640$0$0$240,317
93$782,294$0$0$217,954
94$721,415$0$0$191,834
95$649,895$0$0$161,527
96$566,509$0$0$126,557
97$469,903$0$0$86,400
98$358,580$0$0$40,475
99$230,885$0$0$0
100$84,991$0$0$0