Can I retire at age 67 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$62,760$62,201$61,656$61,123$60,603$60,171
2 years$31,069$30,491$29,930$29,386$28,859$28,423
3 years$20,507$19,926$19,367$18,828$18,309$17,883
4 years$15,227$14,648$14,094$13,565$13,058$12,645
5 years$12,060$11,484$10,937$10,419$9,927$9,528
6 years$9,949$9,378$8,839$8,332$7,855$7,471
7 years$8,442$7,875$7,345$6,850$6,388$6,019
8 years$7,312$6,751$6,229$5,746$5,299$4,946
9 years$6,434$5,878$5,365$4,895$4,463$4,124
10 years$5,732$5,181$4,678$4,219$3,803$3,479
11 years$5,157$4,612$4,118$3,672$3,270$2,961
12 years$4,679$4,140$3,655$3,221$2,834$2,539
13 years$4,275$3,741$3,265$2,844$2,471$2,190
14 years$3,929$3,400$2,934$2,524$2,166$1,899
15 years$3,629$3,106$2,649$2,251$1,907$1,653
16 years$3,367$2,850$2,402$2,016$1,686$1,445
17 years$3,136$2,625$2,185$1,811$1,495$1,266
18 years$2,931$2,425$1,995$1,632$1,329$1,113
19 years$2,748$2,248$1,826$1,475$1,185$980
20 years$2,583$2,089$1,676$1,336$1,058$865
21 years$2,434$1,946$1,542$1,212$947$764
22 years$2,299$1,816$1,421$1,102$849$676
23 years$2,176$1,699$1,312$1,004$762$600
24 years$2,063$1,592$1,213$916$685$532
25 years$1,959$1,494$1,124$836$616$473
26 years$1,864$1,404$1,042$764$555$420
27 years$1,776$1,321$968$700$500$374
28 years$1,694$1,245$900$641$452$333
29 years$1,618$1,174$837$588$408$296
30 years$1,547$1,109$780$540$368$264
31 years$1,481$1,048$727$496$333$236
32 years$1,419$992$678$455$301$210
33 years$1,361$939$633$419$273$188
34 years$1,307$890$592$385$247$167
35 years$1,255$845$553$355$224$150
36 years$1,207$802$518$327$203$134
37 years$1,161$761$484$301$184$119
38 years$1,118$724$454$277$166$107
39 years$1,078$688$425$256$151$95
40 years$1,039$655$398$236$137$85
41 years$1,002$623$374$218$124$76
42 years$968$593$350$201$113$68
43 years$934$565$329$185$102$61
44 years$903$539$309$171$93$55
45 years$873$514$290$158$84$49
46 years$844$490$272$146$77$44
47 years$817$468$256$135$70$39
48 years$791$447$240$125$63$35
49 years$766$427$226$115$57$31
50 years$742$407$212$107$52$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $760,000, adding $4,119 every year, while hoping to spend $53,184 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: 44/48/8 Blend
66$760,000$760,000$760,000$760,000
67$841,769$801,489$789,709$876,714
68$871,042$784,174$759,577$884,022
69$901,518$764,229$726,653$886,161
70$933,265$741,468$690,787$887,259
71$966,352$715,695$651,823$887,239
72$1,000,859$686,702$609,598$886,020
73$1,036,867$654,271$563,940$883,518
74$1,074,467$618,170$514,671$879,646
75$1,113,755$578,152$461,605$874,311
76$1,154,835$533,959$404,546$867,418
77$1,197,821$485,316$343,291$858,866
78$1,242,835$431,933$277,628$848,552
79$1,290,010$373,504$207,334$836,367
80$1,339,490$309,704$132,179$822,198
81$1,391,431$240,192$51,919$805,931
82$1,446,001$164,606$0$787,443
83$1,503,387$82,565$0$769,490
84$1,563,787$0$0$753,981
85$1,627,420$0$0$739,717
86$1,694,524$0$0$770,699
87$1,765,357$0$0$803,440
88$1,840,202$0$0$838,076
89$1,919,367$0$0$874,754
90$2,003,188$0$0$913,636
91$2,092,032$0$0$954,898
92$2,186,300$0$0$998,732
93$2,286,431$0$0$1,045,351
94$2,392,905$0$0$1,094,985
95$2,506,248$0$0$1,147,886
96$2,627,033$0$0$1,204,331
97$2,755,890$0$0$1,264,623
98$2,893,509$0$0$1,329,094
99$3,040,646$0$0$1,398,110
100$3,198,128$0$0$1,472,068