Can I retire at age 67 with 766,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$63,256$62,692$62,142$61,606$61,082$60,444
2 years$31,315$30,731$30,166$29,618$29,087$28,444
3 years$20,669$20,083$19,520$18,977$18,454$17,827
4 years$15,347$14,763$14,205$13,672$13,161$12,555
5 years$12,155$11,575$11,024$10,501$10,005$9,420
6 years$10,028$9,452$8,909$8,398$7,917$7,355
7 years$8,509$7,937$7,403$6,904$6,438$5,900
8 years$7,370$6,804$6,279$5,792$5,341$4,825
9 years$6,485$5,924$5,408$4,933$4,498$4,005
10 years$5,777$5,222$4,715$4,253$3,833$3,362
11 years$5,198$4,649$4,151$3,701$3,296$2,848
12 years$4,716$4,172$3,684$3,246$2,856$2,430
13 years$4,309$3,771$3,291$2,866$2,491$2,085
14 years$3,960$3,427$2,957$2,544$2,183$1,798
15 years$3,658$3,131$2,670$2,269$1,922$1,557
16 years$3,394$2,873$2,421$2,032$1,699$1,353
17 years$3,161$2,646$2,203$1,825$1,507$1,179
18 years$2,954$2,445$2,011$1,645$1,340$1,030
19 years$2,769$2,266$1,841$1,486$1,194$902
20 years$2,603$2,105$1,689$1,346$1,066$792
21 years$2,453$1,961$1,554$1,222$954$696
22 years$2,317$1,831$1,432$1,111$855$612
23 years$2,193$1,712$1,322$1,012$768$539
24 years$2,079$1,604$1,223$923$690$475
25 years$1,975$1,505$1,133$843$621$420
26 years$1,879$1,415$1,050$771$559$371
27 years$1,790$1,331$975$705$504$328
28 years$1,707$1,255$907$646$455$290
29 years$1,631$1,184$844$593$411$257
30 years$1,559$1,118$786$544$371$227
31 years$1,493$1,057$733$499$336$201
32 years$1,430$1,000$684$459$304$178
33 years$1,372$947$638$422$275$158
34 years$1,317$897$596$388$249$140
35 years$1,265$851$558$358$225$124
36 years$1,217$808$522$329$204$110
37 years$1,171$767$488$303$185$98
38 years$1,127$729$457$280$168$87
39 years$1,086$693$428$258$152$77
40 years$1,047$660$402$238$138$69
41 years$1,010$628$377$219$125$61
42 years$975$598$353$202$114$54
43 years$942$570$331$187$103$48
44 years$910$543$311$173$94$43
45 years$880$518$292$159$85$38
46 years$851$494$274$147$77$34
47 years$823$472$258$136$70$30
48 years$797$450$242$126$64$27
49 years$772$430$228$116$58$24
50 years$748$411$214$107$52$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $766,000, adding $4,678 every year, while hoping to spend $43,674 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: 36/41/23 Blend
66$766,000$766,000$766,000$766,000
67$848,957$808,359$796,486$873,483
68$889,082$801,500$776,700$885,057
69$931,836$792,841$754,787$893,180
70$977,441$782,248$730,630$901,071
71$1,026,140$769,578$704,106$908,738
72$1,078,200$754,681$675,087$916,190
73$1,133,913$737,397$643,439$923,442
74$1,193,599$717,557$609,021$930,517
75$1,257,610$694,981$571,688$937,441
76$1,326,332$669,481$531,285$944,250
77$1,400,187$640,855$487,652$950,988
78$1,479,641$608,891$440,623$957,707
79$1,565,202$573,365$390,022$964,473
80$1,657,433$534,039$335,667$971,361
81$1,756,946$490,663$277,368$978,463
82$1,864,420$442,970$214,925$985,886
83$1,980,596$390,681$148,130$993,755
84$2,106,292$333,499$76,767$1,002,215
85$2,242,404$271,111$609$1,011,433
86$2,389,919$203,186$0$1,021,602
87$2,549,923$129,374$0$1,052,740
88$2,723,609$49,307$0$1,086,752
89$2,912,289$0$0$1,123,840
90$3,117,407$0$0$1,181,274
91$3,340,550$0$0$1,268,053
92$3,583,467$0$0$1,362,621
93$3,848,081$0$0$1,465,740
94$4,136,506$0$0$1,578,246
95$4,451,073$0$0$1,701,063
96$4,794,344$0$0$1,835,205
97$5,169,140$0$0$1,981,790
98$5,578,567$0$0$2,142,047
99$6,026,044$0$0$2,317,331
100$6,515,335$0$0$2,509,133