Can I retire at age 67 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$63,090$62,528$61,980$61,445$60,922$59,329
2 years$31,233$30,651$30,087$29,541$29,011$27,417
3 years$20,615$20,031$19,469$18,927$18,406$16,860
4 years$15,307$14,725$14,168$13,636$13,127$11,642
5 years$12,123$11,544$10,995$10,474$9,979$8,559
6 years$10,001$9,427$8,886$8,376$7,896$6,542
7 years$8,486$7,917$7,384$6,886$6,422$5,134
8 years$7,351$6,786$6,262$5,777$5,327$4,106
9 years$6,468$5,908$5,394$4,920$4,486$3,329
10 years$5,762$5,208$4,702$4,242$3,823$2,729
11 years$5,185$4,636$4,140$3,691$3,288$2,255
12 years$4,704$4,161$3,674$3,238$2,849$1,876
13 years$4,298$3,761$3,282$2,859$2,484$1,569
14 years$3,950$3,418$2,949$2,537$2,178$1,318
15 years$3,648$3,123$2,663$2,263$1,917$1,111
16 years$3,385$2,865$2,414$2,026$1,695$939
17 years$3,153$2,639$2,197$1,821$1,503$796
18 years$2,946$2,438$2,005$1,641$1,336$676
19 years$2,762$2,260$1,836$1,483$1,191$575
20 years$2,597$2,100$1,685$1,343$1,064$490
21 years$2,447$1,956$1,550$1,219$952$418
22 years$2,311$1,826$1,428$1,108$853$357
23 years$2,187$1,708$1,319$1,009$766$305
24 years$2,074$1,600$1,220$920$688$261
25 years$1,970$1,501$1,130$840$619$223
26 years$1,874$1,411$1,048$769$558$191
27 years$1,785$1,328$973$703$503$164
28 years$1,703$1,251$904$644$454$140
29 years$1,626$1,181$842$591$410$120
30 years$1,555$1,115$784$542$370$103
31 years$1,489$1,054$731$498$335$89
32 years$1,427$997$682$458$303$76
33 years$1,368$944$637$421$274$65
34 years$1,313$895$595$387$248$56
35 years$1,262$849$556$357$225$48
36 years$1,213$806$520$328$204$41
37 years$1,168$765$487$303$185$35
38 years$1,124$727$456$279$167$30
39 years$1,083$692$427$257$152$26
40 years$1,045$658$400$237$138$22
41 years$1,008$626$376$219$125$19
42 years$973$597$352$202$113$17
43 years$939$568$331$186$103$14
44 years$908$542$310$172$93$12
45 years$878$517$291$159$85$10
46 years$849$493$274$147$77$9
47 years$821$470$257$136$70$8
48 years$795$449$242$125$63$7
49 years$770$429$227$116$58$6
50 years$746$410$213$107$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $764,000, adding $5,473 every year, while hoping to spend $34,363 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: 64/12/24 Blend
66$764,000$764,000$764,000$764,000
67$847,573$807,081$795,239$896,176
68$897,464$810,066$785,318$932,620
69$951,292$812,046$773,912$968,095
70$1,009,422$812,935$760,937$1,006,081
71$1,072,256$812,641$746,301$1,046,826
72$1,140,235$811,070$729,911$1,090,608
73$1,213,844$808,117$711,668$1,137,729
74$1,293,616$803,675$691,470$1,188,528
75$1,380,138$797,628$669,207$1,243,377
76$1,474,054$789,854$644,767$1,302,687
77$1,576,073$780,223$618,033$1,366,912
78$1,686,976$768,597$588,881$1,436,556
79$1,807,621$754,832$557,181$1,512,173
80$1,938,951$738,772$522,800$1,594,377
81$2,082,007$720,253$485,596$1,683,844
82$2,237,930$699,104$445,421$1,781,323
83$2,407,979$675,141$402,124$1,887,640
84$2,593,540$648,170$355,541$2,003,708
85$2,796,136$617,985$305,507$2,130,534
86$3,017,445$584,370$251,845$2,269,232
87$3,259,316$547,095$194,373$2,421,031
88$3,523,781$505,917$132,899$2,587,286
89$3,813,079$460,581$67,225$2,769,495
90$4,129,678$410,813$0$2,969,312
91$4,476,291$356,329$0$3,189,295
92$4,855,908$296,824$0$3,449,144
93$5,271,821$231,980$0$3,733,908
94$5,727,657$161,457$0$4,046,100
95$6,227,409$84,899$0$4,388,492
96$6,775,475$1,929$0$4,764,139
97$7,376,699$0$0$5,176,405
98$8,036,416$0$0$5,640,601
99$8,760,505$0$0$6,150,426
100$9,555,438$0$0$6,710,189