Can I retire at age 67 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$60,861$60,319$59,790$59,274$58,769$56,617
2 years$30,129$29,568$29,024$28,497$27,985$25,841
3 years$19,887$19,323$18,781$18,258$17,755$15,686
4 years$14,766$14,204$13,667$13,154$12,663$10,685
5 years$11,695$11,136$10,606$10,104$9,626$7,744
6 years$9,648$9,094$8,572$8,080$7,617$5,832
7 years$8,187$7,637$7,123$6,643$6,195$4,507
8 years$7,091$6,546$6,041$5,573$5,139$3,547
9 years$6,239$5,700$5,203$4,747$4,328$2,830
10 years$5,558$5,024$4,536$4,092$3,688$2,280
11 years$5,001$4,473$3,994$3,561$3,171$1,852
12 years$4,538$4,014$3,544$3,123$2,748$1,513
13 years$4,146$3,628$3,166$2,758$2,397$1,243
14 years$3,810$3,298$2,845$2,448$2,101$1,025
15 years$3,519$3,012$2,569$2,183$1,850$847
16 years$3,265$2,764$2,329$1,955$1,635$703
17 years$3,041$2,545$2,119$1,756$1,449$584
18 years$2,842$2,352$1,935$1,583$1,289$486
19 years$2,665$2,180$1,771$1,430$1,149$405
20 years$2,505$2,026$1,625$1,295$1,026$338
21 years$2,360$1,887$1,495$1,176$918$283
22 years$2,229$1,761$1,378$1,069$823$236
23 years$2,110$1,647$1,272$973$739$198
24 years$2,001$1,543$1,177$888$664$165
25 years$1,900$1,448$1,090$811$598$139
26 years$1,808$1,361$1,011$741$538$116
27 years$1,722$1,281$939$679$485$97
28 years$1,643$1,207$872$622$438$82
29 years$1,569$1,139$812$570$395$68
30 years$1,500$1,075$756$523$357$57
31 years$1,436$1,017$705$481$323$48
32 years$1,376$962$658$442$292$40
33 years$1,320$911$614$406$264$34
34 years$1,267$863$574$374$239$28
35 years$1,217$819$537$344$217$24
36 years$1,171$777$502$317$196$20
37 years$1,126$738$470$292$178$17
38 years$1,085$702$440$269$161$14
39 years$1,045$667$412$248$146$12
40 years$1,008$635$386$229$133$10
41 years$972$604$362$211$120$8
42 years$938$575$340$195$109$7
43 years$906$548$319$180$99$6
44 years$876$523$299$166$90$5
45 years$847$498$281$153$82$4
46 years$819$475$264$142$74$3
47 years$792$454$248$131$67$3
48 years$767$433$233$121$61$2
49 years$743$414$219$112$56$2
50 years$720$395$206$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $737,000, adding $2,884 every year, while hoping to spend $36,352 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: 40/41/19 Blend
66$737,000$737,000$737,000$737,000
67$815,149$776,088$764,664$843,058
68$859,616$775,438$751,602$862,616
69$907,400$773,538$736,884$880,054
70$958,801$770,288$720,417$898,165
71$1,014,149$765,582$702,101$917,029
72$1,073,806$759,309$681,835$936,738
73$1,138,168$751,349$659,510$957,394
74$1,207,672$741,576$635,015$979,114
75$1,282,798$729,857$608,231$1,002,029
76$1,364,074$716,050$579,037$1,026,286
77$1,452,077$700,004$547,303$1,052,051
78$1,547,447$681,562$512,895$1,079,510
79$1,650,883$660,555$475,673$1,108,872
80$1,763,156$636,805$435,491$1,140,372
81$1,885,112$610,123$392,195$1,174,272
82$2,017,685$580,311$345,625$1,210,866
83$2,161,900$547,157$295,614$1,250,483
84$2,318,884$510,438$241,988$1,293,489
85$2,489,880$469,919$184,564$1,340,296
86$2,676,253$425,350$123,152$1,391,360
87$2,879,507$376,469$57,554$1,447,193
88$3,101,296$322,995$0$1,508,363
89$3,343,443$264,636$0$1,578,029
90$3,607,951$201,081$0$1,666,988
91$3,897,029$132,001$0$1,764,392
92$4,213,107$57,049$0$1,871,162
93$4,558,859$0$0$1,988,320
94$4,937,233$0$0$2,127,889
95$5,351,473$0$0$2,308,960
96$5,805,150$0$0$2,507,367
97$6,302,198$0$0$2,724,842
98$6,846,951$0$0$2,963,294
99$7,444,179$0$0$3,224,825
100$8,099,137$0$0$3,511,749