Can I retire at age 67 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$59,374$58,845$58,329$57,826$57,334$56,665
2 years$29,393$28,846$28,315$27,801$27,302$26,628
3 years$19,401$18,851$18,322$17,812$17,321$16,664
4 years$14,406$13,858$13,334$12,833$12,354$11,718
5 years$11,409$10,864$10,347$9,857$9,391$8,779
6 years$9,412$8,872$8,362$7,883$7,431$6,843
7 years$7,987$7,450$6,949$6,481$6,043$5,480
8 years$6,918$6,386$5,893$5,436$5,014$4,474
9 years$6,087$5,560$5,076$4,631$4,222$3,707
10 years$5,422$4,901$4,425$3,992$3,597$3,106
11 years$4,879$4,363$3,896$3,474$3,094$2,626
12 years$4,427$3,916$3,458$3,047$2,681$2,236
13 years$4,044$3,539$3,089$2,690$2,338$1,916
14 years$3,717$3,217$2,776$2,388$2,049$1,649
15 years$3,433$2,939$2,506$2,130$1,805$1,425
16 years$3,185$2,696$2,272$1,907$1,595$1,236
17 years$2,967$2,483$2,067$1,713$1,414$1,075
18 years$2,773$2,295$1,887$1,544$1,257$937
19 years$2,600$2,127$1,728$1,395$1,121$819
20 years$2,444$1,976$1,586$1,264$1,001$717
21 years$2,303$1,841$1,459$1,147$896$628
22 years$2,175$1,718$1,344$1,043$803$552
23 years$2,058$1,607$1,241$950$721$485
24 years$1,952$1,506$1,148$866$648$426
25 years$1,854$1,413$1,063$791$583$376
26 years$1,763$1,328$986$723$525$331
27 years$1,680$1,250$916$662$473$292
28 years$1,602$1,178$851$607$427$258
29 years$1,531$1,111$792$556$386$227
30 years$1,464$1,049$738$510$349$201
31 years$1,401$992$688$469$315$178
32 years$1,342$939$642$431$285$157
33 years$1,288$889$599$396$258$139
34 years$1,236$842$560$365$234$123
35 years$1,188$799$523$336$212$109
36 years$1,142$758$490$309$192$96
37 years$1,099$720$458$285$174$85
38 years$1,058$684$429$262$157$75
39 years$1,020$651$402$242$143$67
40 years$983$619$377$223$130$59
41 years$948$589$353$206$118$52
42 years$915$561$332$190$107$46
43 years$884$535$311$175$97$41
44 years$854$510$292$162$88$36
45 years$826$486$274$150$80$32
46 years$799$464$258$138$72$29
47 years$773$443$242$128$66$25
48 years$748$423$227$118$60$22
49 years$725$404$214$109$54$20
50 years$702$385$201$101$49$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $719,000, adding $4,012 every year, while hoping to spend $53,855 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: 28/45/27 Blend
66$719,000$719,000$719,000$719,000
67$796,476$758,369$747,225$812,012
68$820,416$738,228$714,956$804,551
69$844,992$715,295$679,800$791,607
70$870,213$689,376$641,605$776,607
71$896,086$660,267$600,211$759,413
72$922,617$627,751$555,448$739,877
73$949,811$591,597$507,143$717,844
74$977,671$551,565$455,111$693,150
75$1,006,198$507,397$399,162$665,621
76$1,035,393$458,821$339,097$635,072
77$1,065,252$405,553$274,706$601,310
78$1,095,771$347,288$205,771$564,129
79$1,126,941$283,707$132,066$523,313
80$1,158,752$214,471$53,353$478,633
81$1,191,189$139,224$0$429,847
82$1,224,233$57,589$0$385,527
83$1,257,861$0$0$353,553
84$1,292,045$0$0$333,596
85$1,326,750$0$0$342,255
86$1,361,938$0$0$350,998
87$1,397,561$0$0$359,809
88$1,433,563$0$0$368,668
89$1,469,881$0$0$377,554
90$1,506,442$0$0$386,441
91$1,543,161$0$0$395,302
92$1,579,941$0$0$404,104
93$1,616,674$0$0$412,811
94$1,653,234$0$0$421,382
95$1,689,480$0$0$429,771
96$1,725,254$0$0$437,926
97$1,760,374$0$0$445,788
98$1,794,641$0$0$453,294
99$1,827,825$0$0$460,369
100$1,859,674$0$0$466,932