Can I retire at age 67 with 751,000?

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 $751,000?

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$62,017$61,464$60,926$60,399$59,886$59,187
2 years$30,701$30,130$29,575$29,038$28,517$27,813
3 years$20,264$19,690$19,137$18,605$18,092$17,406
4 years$15,047$14,474$13,927$13,404$12,904$12,240
5 years$11,917$11,348$10,808$10,295$9,809$9,170
6 years$9,831$9,266$8,734$8,233$7,762$7,147
7 years$8,342$7,782$7,258$6,769$6,312$5,724
8 years$7,226$6,671$6,156$5,678$5,237$4,673
9 years$6,358$5,808$5,302$4,837$4,410$3,872
10 years$5,664$5,119$4,622$4,169$3,758$3,245
11 years$5,096$4,558$4,069$3,629$3,232$2,743
12 years$4,624$4,091$3,611$3,183$2,800$2,336
13 years$4,224$3,697$3,227$2,810$2,442$2,001
14 years$3,882$3,360$2,899$2,494$2,141$1,722
15 years$3,586$3,070$2,618$2,224$1,885$1,488
16 years$3,327$2,816$2,373$1,992$1,666$1,291
17 years$3,099$2,594$2,159$1,790$1,477$1,122
18 years$2,896$2,397$1,971$1,613$1,313$979
19 years$2,715$2,221$1,805$1,457$1,171$855
20 years$2,552$2,064$1,656$1,320$1,046$748
21 years$2,405$1,923$1,523$1,198$936$656
22 years$2,272$1,795$1,404$1,089$839$576
23 years$2,150$1,679$1,296$992$753$506
24 years$2,039$1,573$1,199$905$677$445
25 years$1,936$1,476$1,110$826$609$392
26 years$1,842$1,387$1,030$755$548$346
27 years$1,755$1,305$956$691$495$305
28 years$1,674$1,230$889$634$446$269
29 years$1,599$1,160$827$581$403$238
30 years$1,529$1,096$771$533$364$210
31 years$1,463$1,036$718$490$329$186
32 years$1,402$980$670$450$298$164
33 years$1,345$928$626$414$269$145
34 years$1,291$880$585$381$244$128
35 years$1,240$835$547$351$221$114
36 years$1,193$792$511$323$200$100
37 years$1,148$752$479$297$181$89
38 years$1,105$715$448$274$165$79
39 years$1,065$680$420$253$149$70
40 years$1,027$647$394$233$135$62
41 years$991$616$369$215$123$55
42 years$956$586$346$199$111$48
43 years$923$559$325$183$101$43
44 years$892$533$305$169$92$38
45 years$863$508$286$156$83$34
46 years$834$484$269$144$76$30
47 years$807$462$253$133$69$26
48 years$782$441$237$123$62$23
49 years$757$421$223$114$57$21
50 years$733$403$210$105$51$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $751,000, adding $3,087 every year, while hoping to spend $40,622 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: 46/34/20 Blend
66$751,000$751,000$751,000$751,000
67$830,786$790,983$779,343$864,121
68$872,305$786,520$762,229$883,299
69$916,697$780,476$743,181$899,806
70$964,213$772,732$722,090$916,870
71$1,015,127$763,160$698,844$934,562
72$1,069,739$751,625$673,325$952,962
73$1,128,381$737,983$645,410$972,162
74$1,191,415$722,083$614,970$992,263
75$1,259,238$703,764$581,870$1,013,384
76$1,332,287$682,856$545,970$1,035,655
77$1,411,043$659,178$507,123$1,059,226
78$1,496,032$632,540$465,174$1,084,264
79$1,587,833$602,740$419,963$1,110,957
80$1,687,083$569,565$371,323$1,139,517
81$1,794,481$532,790$319,077$1,170,182
82$1,910,796$492,174$263,045$1,203,220
83$2,036,873$447,467$203,033$1,238,929
84$2,173,643$398,401$138,843$1,277,645
85$2,322,126$344,695$70,266$1,319,742
86$2,483,449$286,051$0$1,365,639
87$2,658,847$222,153$0$1,416,427
88$2,849,681$152,670$0$1,488,048
89$3,057,448$77,251$0$1,566,125
90$3,283,797$0$0$1,651,361
91$3,530,539$0$0$1,746,209
92$3,799,671$0$0$1,881,267
93$4,093,388$0$0$2,028,745
94$4,414,108$0$0$2,189,867
95$4,764,493$0$0$2,365,980
96$5,147,471$0$0$2,558,569
97$5,566,268$0$0$2,769,265
98$6,024,436$0$0$2,999,870
99$6,525,885$0$0$3,252,362
100$7,074,921$0$0$3,528,923