Can I retire at age 67 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$63,586$63,019$62,467$61,928$61,401$60,988
2 years$31,478$30,892$30,324$29,773$29,239$28,822
3 years$20,777$20,188$19,621$19,076$18,550$18,143
4 years$15,427$14,840$14,279$13,743$13,230$12,836
5 years$12,219$11,635$11,081$10,556$10,057$9,677
6 years$10,080$9,501$8,955$8,442$7,958$7,592
7 years$8,553$7,979$7,442$6,940$6,472$6,120
8 years$7,408$6,839$6,311$5,822$5,369$5,031
9 years$6,519$5,955$5,436$4,959$4,522$4,198
10 years$5,807$5,249$4,739$4,275$3,853$3,543
11 years$5,225$4,673$4,172$3,720$3,313$3,018
12 years$4,741$4,194$3,703$3,263$2,871$2,589
13 years$4,331$3,790$3,308$2,881$2,504$2,235
14 years$3,981$3,445$2,972$2,557$2,195$1,939
15 years$3,677$3,147$2,684$2,281$1,933$1,689
16 years$3,411$2,888$2,433$2,042$1,708$1,477
17 years$3,177$2,659$2,214$1,835$1,514$1,296
18 years$2,970$2,457$2,021$1,654$1,347$1,139
19 years$2,784$2,277$1,850$1,494$1,200$1,004
20 years$2,617$2,116$1,698$1,353$1,072$887
21 years$2,466$1,971$1,562$1,228$959$784
22 years$2,329$1,840$1,440$1,117$860$695
23 years$2,204$1,721$1,329$1,017$772$616
24 years$2,090$1,612$1,229$928$694$547
25 years$1,985$1,513$1,139$847$624$486
26 years$1,888$1,422$1,056$775$562$433
27 years$1,799$1,338$981$709$507$385
28 years$1,716$1,261$912$650$457$343
29 years$1,639$1,190$848$596$413$306
30 years$1,567$1,124$790$547$373$273
31 years$1,500$1,062$737$502$337$244
32 years$1,438$1,005$687$461$305$218
33 years$1,379$952$642$424$276$194
34 years$1,324$902$600$390$250$174
35 years$1,272$856$561$359$227$155
36 years$1,223$812$524$331$205$139
37 years$1,177$771$491$305$186$124
38 years$1,133$733$460$281$169$111
39 years$1,092$697$431$259$153$99
40 years$1,053$663$404$239$139$89
41 years$1,016$631$378$221$126$79
42 years$980$601$355$204$114$71
43 years$947$573$333$188$104$64
44 years$915$546$313$173$94$57
45 years$884$521$294$160$85$51
46 years$855$497$276$148$78$46
47 years$828$474$259$137$70$41
48 years$801$453$243$126$64$37
49 years$776$432$229$117$58$33
50 years$752$413$215$108$53$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $770,000, adding $6,702 every year, while hoping to spend $27,971 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: 48/38/14 Blend
66$770,000$770,000$770,000$770,000
67$855,453$814,643$802,708$892,878
68$912,948$824,800$799,838$929,574
69$975,371$834,516$795,934$965,969
70$1,043,193$843,742$790,932$1,004,869
71$1,116,936$852,423$784,766$1,046,516
72$1,197,172$860,500$777,364$1,091,180
73$1,284,530$867,911$768,652$1,139,160
74$1,379,705$874,591$758,555$1,190,784
75$1,483,457$880,469$746,989$1,246,417
76$1,596,628$885,471$733,872$1,306,459
77$1,720,141$889,515$719,113$1,371,356
78$1,855,013$892,519$702,621$1,441,599
79$2,002,364$894,392$684,298$1,517,729
80$2,163,425$895,038$664,042$1,600,346
81$2,339,555$894,355$641,748$1,690,112
82$2,532,247$892,236$617,304$1,787,758
83$2,743,147$888,565$590,594$1,894,093
84$2,974,065$883,222$561,496$2,010,007
85$3,226,997$876,078$529,884$2,136,488
86$3,504,140$866,995$495,624$2,274,622
87$3,807,914$855,829$458,579$2,425,613
88$4,140,982$842,425$418,602$2,590,788
89$4,506,280$826,622$375,543$2,771,612
90$4,907,040$808,246$329,244$2,969,705
91$5,346,823$787,115$279,538$3,186,851
92$5,829,551$763,036$226,255$3,425,025
93$6,359,544$735,803$169,213$3,686,404
94$6,941,560$705,200$108,224$3,973,391
95$7,580,842$670,998$43,093$4,288,640
96$8,283,166$632,955$0$4,635,079
97$9,054,892$590,813$0$5,019,887
98$9,903,029$544,301$0$5,449,811
99$10,835,300$493,134$0$5,922,377
100$11,860,211$437,008$0$6,441,962