Can I retire at age 67 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$59,870$59,337$58,816$58,308$57,813$56,438
2 years$29,639$29,087$28,552$28,033$27,530$26,153
3 years$19,563$19,008$18,475$17,961$17,466$16,130
4 years$14,526$13,973$13,445$12,940$12,457$11,172
5 years$11,504$10,955$10,434$9,939$9,470$8,239
6 years$9,491$8,946$8,432$7,948$7,493$6,318
7 years$8,053$7,513$7,007$6,535$6,094$4,975
8 years$6,975$6,440$5,943$5,482$5,055$3,993
9 years$6,138$5,607$5,118$4,669$4,257$3,249
10 years$5,468$4,942$4,462$4,025$3,627$2,673
11 years$4,920$4,400$3,929$3,503$3,120$2,218
12 years$4,464$3,949$3,486$3,073$2,704$1,852
13 years$4,078$3,569$3,115$2,713$2,358$1,555
14 years$3,748$3,244$2,799$2,408$2,067$1,312
15 years$3,462$2,963$2,527$2,147$1,820$1,111
16 years$3,212$2,719$2,291$1,923$1,608$943
17 years$2,992$2,504$2,085$1,728$1,426$803
18 years$2,796$2,314$1,903$1,557$1,268$685
19 years$2,621$2,144$1,742$1,407$1,130$585
20 years$2,464$1,993$1,599$1,274$1,009$501
21 years$2,322$1,856$1,471$1,156$903$429
22 years$2,193$1,733$1,355$1,051$810$368
23 years$2,076$1,620$1,252$958$727$316
24 years$1,968$1,518$1,157$873$653$272
25 years$1,869$1,425$1,072$798$588$234
26 years$1,778$1,339$994$729$530$201
27 years$1,694$1,260$923$668$477$173
28 years$1,616$1,188$858$612$431$149
29 years$1,543$1,120$799$561$389$128
30 years$1,476$1,058$744$515$351$111
31 years$1,413$1,000$694$473$318$95
32 years$1,354$946$647$434$287$82
33 years$1,298$896$604$400$260$71
34 years$1,246$849$565$368$236$61
35 years$1,198$806$528$338$213$53
36 years$1,151$765$494$312$193$46
37 years$1,108$726$462$287$175$39
38 years$1,067$690$433$265$159$34
39 years$1,028$656$405$244$144$29
40 years$991$624$380$225$131$25
41 years$956$594$356$208$119$22
42 years$923$566$334$192$108$19
43 years$891$539$314$177$98$16
44 years$861$514$294$163$89$14
45 years$833$490$276$151$80$12
46 years$805$468$260$139$73$10
47 years$779$446$244$129$66$9
48 years$754$426$229$119$60$8
49 years$731$407$215$110$55$7
50 years$708$389$203$102$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $725,000, adding $5,826 every year, while hoping to spend $29,149 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: 51/39/10 Blend
66$725,000$725,000$725,000$725,000
67$804,960$766,535$755,297$843,613
68$856,051$773,080$749,585$877,172
69$911,377$778,970$742,705$910,038
70$971,339$784,141$734,587$945,089
71$1,036,377$788,525$725,157$982,538
72$1,106,976$792,052$714,339$1,022,621
73$1,183,671$794,646$702,053$1,065,599
74$1,267,048$796,226$688,214$1,111,760
75$1,357,753$796,707$672,735$1,161,422
76$1,456,496$795,998$655,523$1,214,939
77$1,564,058$794,001$636,483$1,272,700
78$1,681,300$790,616$615,514$1,335,137
79$1,809,169$785,732$592,510$1,402,725
80$1,948,706$779,235$567,361$1,475,993
81$2,101,059$771,002$539,952$1,555,523
82$2,267,490$760,904$510,163$1,641,959
83$2,449,388$748,802$477,868$1,736,014
84$2,648,284$734,553$442,935$1,838,473
85$2,865,863$718,000$405,227$1,950,207
86$3,103,980$698,981$364,601$2,072,177
87$3,364,678$677,322$320,907$2,205,445
88$3,650,205$652,841$273,988$2,351,184
89$3,963,040$625,344$223,680$2,510,690
90$4,305,910$594,626$169,814$2,685,396
91$4,681,820$560,470$112,210$2,876,882
92$5,094,079$522,647$50,682$3,086,895
93$5,546,333$480,913$0$3,317,365
94$6,042,594$435,014$0$3,572,022
95$6,587,286$384,677$0$3,857,493
96$7,185,280$329,616$0$4,170,987
97$7,841,941$269,530$0$4,515,394
98$8,563,179$204,098$0$4,893,906
99$9,355,507$132,982$0$5,310,045
100$10,226,098$55,827$0$5,767,695