Can I retire at age 67 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$63,421$62,856$62,305$61,767$61,241$60,779
2 years$31,396$30,812$30,245$29,696$29,163$28,696
3 years$20,723$20,136$19,571$19,026$18,502$18,046
4 years$15,387$14,802$14,242$13,707$13,196$12,754
5 years$12,187$11,605$11,053$10,529$10,031$9,605
6 years$10,054$9,476$8,932$8,420$7,937$7,527
7 years$8,531$7,958$7,423$6,922$6,455$6,061
8 years$7,389$6,822$6,295$5,807$5,355$4,978
9 years$6,502$5,939$5,422$4,946$4,510$4,148
10 years$5,792$5,235$4,727$4,264$3,843$3,497
11 years$5,212$4,661$4,162$3,711$3,305$2,975
12 years$4,729$4,183$3,693$3,255$2,864$2,549
13 years$4,320$3,780$3,300$2,873$2,497$2,198
14 years$3,970$3,436$2,965$2,551$2,189$1,904
15 years$3,667$3,139$2,677$2,275$1,927$1,657
16 years$3,403$2,880$2,427$2,037$1,704$1,447
17 years$3,169$2,652$2,208$1,830$1,510$1,267
18 years$2,962$2,451$2,016$1,649$1,343$1,113
19 years$2,777$2,272$1,846$1,490$1,197$979
20 years$2,610$2,111$1,694$1,350$1,069$863
21 years$2,460$1,966$1,558$1,225$957$762
22 years$2,323$1,835$1,436$1,114$858$674
23 years$2,199$1,717$1,326$1,014$770$597
24 years$2,085$1,608$1,226$925$692$530
25 years$1,980$1,509$1,136$845$623$470
26 years$1,884$1,418$1,053$773$561$418
27 years$1,794$1,335$978$707$506$371
28 years$1,712$1,258$909$648$456$330
29 years$1,635$1,187$846$594$412$294
30 years$1,563$1,121$788$545$372$262
31 years$1,496$1,059$735$501$337$233
32 years$1,434$1,002$685$460$304$208
33 years$1,375$949$640$423$276$185
34 years$1,320$900$598$389$249$165
35 years$1,269$853$559$358$226$148
36 years$1,220$810$523$330$205$132
37 years$1,174$769$490$304$186$118
38 years$1,130$731$458$280$168$105
39 years$1,089$695$430$259$153$94
40 years$1,050$661$403$238$138$84
41 years$1,013$630$377$220$126$75
42 years$978$600$354$203$114$67
43 years$944$571$332$187$103$60
44 years$912$545$312$173$94$53
45 years$882$519$293$160$85$48
46 years$853$495$275$148$77$43
47 years$826$473$258$136$70$38
48 years$799$451$243$126$64$34
49 years$774$431$228$116$58$30
50 years$750$412$215$108$53$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $768,000, adding $5,080 every year, while hoping to spend $36,469 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: 63/11/26 Blend
66$768,000$768,000$768,000$768,000
67$851,576$810,872$798,968$899,062
68$899,634$811,802$786,931$932,750
69$951,372$811,555$773,268$965,066
70$1,007,126$810,036$757,887$999,564
71$1,067,266$807,141$740,689$1,036,464
72$1,132,200$802,763$721,575$1,076,008
73$1,202,373$796,787$700,436$1,118,465
74$1,278,276$789,091$677,162$1,164,132
75$1,360,449$779,545$651,636$1,213,336
76$1,449,485$768,013$623,736$1,266,441
77$1,546,036$754,350$593,335$1,323,850
78$1,650,820$738,401$560,299$1,386,006
79$1,764,625$720,004$524,490$1,453,402
80$1,888,318$698,986$485,763$1,526,581
81$2,022,855$675,165$443,965$1,606,143
82$2,169,286$648,347$398,937$1,692,753
83$2,328,765$618,329$350,514$1,787,146
84$2,502,566$584,893$298,522$1,890,132
85$2,692,086$547,811$242,781$2,002,609
86$2,898,866$506,842$183,102$2,125,566
87$3,124,602$461,728$119,287$2,260,100
88$3,371,160$412,201$51,132$2,407,419
89$3,640,594$357,975$0$2,568,859
90$3,935,165$298,747$0$2,751,887
91$4,257,365$234,198$0$2,967,669
92$4,609,935$163,992$0$3,203,868
93$4,995,894$87,773$0$3,462,540
94$5,418,566$5,166$0$3,745,947
95$5,881,614$0$0$4,056,586
96$6,389,069$0$0$4,407,403
97$6,945,371$0$0$4,792,731
98$7,555,411$0$0$5,215,339
99$8,224,577$0$0$5,678,966
100$8,958,800$0$0$6,187,731