Can I retire at age 67 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$62,843$62,283$61,737$61,204$60,683$59,192
2 years$31,110$30,531$29,969$29,425$28,897$27,404
3 years$20,534$19,952$19,392$18,853$18,333$16,885
4 years$15,247$14,667$14,112$13,582$13,075$11,683
5 years$12,076$11,499$10,952$10,433$9,940$8,607
6 years$9,962$9,390$8,851$8,343$7,865$6,593
7 years$8,453$7,886$7,355$6,859$6,396$5,186
8 years$7,322$6,759$6,238$5,754$5,306$4,157
9 years$6,442$5,885$5,372$4,901$4,469$3,379
10 years$5,739$5,188$4,684$4,225$3,808$2,776
11 years$5,164$4,618$4,124$3,677$3,275$2,300
12 years$4,686$4,145$3,660$3,225$2,838$1,919
13 years$4,281$3,746$3,270$2,847$2,475$1,609
14 years$3,934$3,405$2,938$2,528$2,169$1,355
15 years$3,634$3,110$2,652$2,254$1,910$1,146
16 years$3,372$2,854$2,405$2,018$1,688$972
17 years$3,140$2,628$2,188$1,813$1,497$826
18 years$2,935$2,429$1,998$1,634$1,331$703
19 years$2,751$2,251$1,829$1,477$1,186$600
20 years$2,586$2,092$1,678$1,337$1,060$513
21 years$2,437$1,948$1,544$1,214$948$439
22 years$2,302$1,819$1,423$1,104$850$376
23 years$2,179$1,701$1,314$1,005$763$322
24 years$2,066$1,594$1,215$917$686$277
25 years$1,962$1,496$1,125$837$617$238
26 years$1,866$1,406$1,044$765$556$204
27 years$1,778$1,323$969$701$501$175
28 years$1,696$1,246$901$642$452$151
29 years$1,620$1,176$838$589$408$130
30 years$1,549$1,111$781$540$369$112
31 years$1,483$1,050$728$496$334$96
32 years$1,421$993$679$456$302$83
33 years$1,363$941$634$419$273$71
34 years$1,308$892$593$386$247$61
35 years$1,257$846$554$355$224$53
36 years$1,209$803$518$327$203$45
37 years$1,163$762$485$301$184$39
38 years$1,120$724$454$278$167$34
39 years$1,079$689$426$256$151$29
40 years$1,040$655$399$236$137$25
41 years$1,004$624$374$218$124$22
42 years$969$594$351$201$113$19
43 years$936$566$329$186$102$16
44 years$904$540$309$171$93$14
45 years$874$515$290$158$84$12
46 years$845$491$273$146$77$10
47 years$818$468$256$135$70$9
48 years$792$447$241$125$63$8
49 years$767$427$226$115$57$7
50 years$743$408$213$107$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $761,000, adding $3,285 every year, while hoping to spend $22,893 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: 73/21/6 Blend
66$761,000$761,000$761,000$761,000
67$842,010$801,677$789,882$902,652
68$903,538$816,602$791,985$957,973
69$970,573$831,490$793,391$1,015,334
70$1,043,655$846,316$794,053$1,077,501
71$1,123,375$861,053$793,921$1,144,942
72$1,210,384$875,669$792,942$1,218,169
73$1,305,399$890,133$791,062$1,297,750
74$1,409,210$904,410$788,223$1,384,309
75$1,522,685$918,462$784,364$1,478,532
76$1,646,782$932,249$779,423$1,581,176
77$1,782,553$945,729$773,333$1,693,076
78$1,931,159$958,855$766,025$1,815,149
79$2,093,876$971,577$757,426$1,948,408
80$2,272,111$983,844$747,459$2,093,969
81$2,467,412$995,599$736,045$2,253,060
82$2,681,486$1,006,781$723,101$2,427,034
83$2,916,211$1,017,327$708,538$2,617,384
84$3,173,657$1,027,168$692,266$2,825,753
85$3,456,101$1,036,231$674,188$3,053,954
86$3,766,055$1,044,438$654,205$3,303,981
87$4,106,284$1,051,706$632,212$3,578,034
88$4,479,832$1,057,947$608,098$3,878,539
89$4,890,056$1,063,067$581,751$4,208,165
90$5,340,651$1,066,967$553,048$4,569,858
91$5,835,688$1,069,539$521,867$4,966,860
92$6,379,654$1,070,672$488,075$5,402,749
93$6,977,489$1,070,245$451,535$5,881,463
94$7,634,637$1,068,131$412,106$6,407,347
95$8,357,095$1,064,195$369,637$6,985,184
96$9,151,472$1,058,294$323,973$7,620,251
97$10,025,047$1,050,275$274,951$8,318,359
98$10,985,840$1,039,977$222,400$9,085,915
99$12,042,689$1,027,229$166,143$9,929,979
100$13,205,329$1,011,849$105,995$10,858,333