Can I retire at age 67 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$63,173$62,610$62,061$61,525$61,002$60,190
2 years$31,274$30,691$30,127$29,580$29,049$28,232
3 years$20,642$20,057$19,494$18,952$18,430$17,633
4 years$15,327$14,744$14,187$13,654$13,144$12,375
5 years$12,139$11,560$11,009$10,487$9,992$9,251
6 years$10,015$9,439$8,897$8,387$7,906$7,196
7 years$8,498$7,927$7,394$6,895$6,430$5,749
8 years$7,360$6,795$6,270$5,784$5,334$4,684
9 years$6,476$5,916$5,401$4,927$4,492$3,871
10 years$5,769$5,215$4,708$4,247$3,828$3,236
11 years$5,191$4,642$4,145$3,696$3,292$2,729
12 years$4,710$4,167$3,679$3,242$2,853$2,318
13 years$4,303$3,766$3,287$2,862$2,488$1,980
14 years$3,955$3,423$2,953$2,541$2,181$1,700
15 years$3,653$3,127$2,666$2,266$1,920$1,465
16 years$3,389$2,869$2,417$2,029$1,697$1,267
17 years$3,157$2,642$2,200$1,823$1,505$1,099
18 years$2,950$2,441$2,008$1,643$1,338$955
19 years$2,766$2,263$1,838$1,484$1,192$832
20 years$2,600$2,103$1,687$1,344$1,065$726
21 years$2,450$1,958$1,552$1,220$953$635
22 years$2,314$1,828$1,430$1,109$854$556
23 years$2,190$1,710$1,321$1,010$767$487
24 years$2,077$1,602$1,221$922$689$427
25 years$1,972$1,503$1,131$842$620$375
26 years$1,876$1,413$1,049$770$559$329
27 years$1,787$1,330$974$704$504$290
28 years$1,705$1,253$906$645$455$255
29 years$1,628$1,182$843$592$410$224
30 years$1,557$1,116$785$543$371$197
31 years$1,491$1,055$732$499$335$174
32 years$1,428$999$683$458$303$153
33 years$1,370$946$638$422$274$135
34 years$1,315$896$596$388$249$119
35 years$1,264$850$557$357$225$105
36 years$1,215$807$521$329$204$93
37 years$1,169$766$488$303$185$82
38 years$1,126$728$457$279$168$72
39 years$1,085$693$428$257$152$64
40 years$1,046$659$401$237$138$56
41 years$1,009$627$376$219$125$50
42 years$974$597$353$202$113$44
43 years$941$569$331$187$103$39
44 years$909$542$311$172$93$34
45 years$879$517$292$159$85$30
46 years$850$493$274$147$77$27
47 years$822$471$257$136$70$23
48 years$796$450$242$126$64$21
49 years$771$429$227$116$58$18
50 years$747$410$214$107$52$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $765,000, adding $5,538 every year, while hoping to spend $46,705 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: 82/6/12 Blend
66$765,000$765,000$765,000$765,000
67$848,742$808,197$796,340$916,070
68$885,620$798,105$773,324$950,925
69$924,695$785,953$747,971$982,466
70$966,140$771,591$720,154$1,015,710
71$1,010,147$754,860$689,740$1,050,803
72$1,056,924$735,591$656,589$1,087,904
73$1,106,701$713,605$620,555$1,127,192
74$1,159,727$688,715$581,487$1,168,863
75$1,216,277$660,719$539,224$1,213,130
76$1,276,649$629,407$493,600$1,260,233
77$1,341,174$594,554$444,442$1,310,431
78$1,410,210$555,923$391,567$1,364,014
79$1,484,154$513,266$334,787$1,421,299
80$1,563,438$466,316$273,903$1,482,637
81$1,648,538$414,795$208,708$1,548,414
82$1,739,975$358,407$138,986$1,619,057
83$1,838,323$296,839$64,512$1,695,035
84$1,944,209$229,762$0$1,776,868
85$2,058,325$156,826$0$1,867,042
86$2,181,429$77,665$0$1,973,212
87$2,314,353$0$0$2,087,838
88$2,458,014$0$0$2,212,256
89$2,613,418$0$0$2,352,404
90$2,781,670$0$0$2,504,155
91$2,963,987$0$0$2,668,605
92$3,161,707$0$0$2,846,964
93$3,376,298$0$0$3,040,560
94$3,609,378$0$0$3,250,854
95$3,862,727$0$0$3,479,452
96$4,138,301$0$0$3,728,123
97$4,438,254$0$0$3,998,813
98$4,764,953$0$0$4,293,661
99$5,121,007$0$0$4,615,022
100$5,509,284$0$0$4,965,491