Can I retire at age 67 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$63,668$63,101$62,548$62,008$61,481$59,994
2 years$31,519$30,932$30,363$29,812$29,276$27,788
3 years$20,804$20,214$19,647$19,101$18,574$17,130
4 years$15,447$14,860$14,298$13,761$13,247$11,859
5 years$12,234$11,650$11,096$10,570$10,070$8,741
6 years$10,093$9,513$8,967$8,453$7,968$6,700
7 years$8,564$7,989$7,452$6,949$6,480$5,273
8 years$7,418$6,848$6,320$5,830$5,376$4,229
9 years$6,527$5,963$5,443$4,966$4,527$3,439
10 years$5,815$5,256$4,745$4,280$3,858$2,828
11 years$5,232$4,679$4,178$3,725$3,318$2,344
12 years$4,747$4,200$3,708$3,268$2,875$1,957
13 years$4,337$3,795$3,313$2,885$2,507$1,642
14 years$3,986$3,450$2,976$2,561$2,198$1,384
15 years$3,682$3,151$2,687$2,284$1,935$1,171
16 years$3,416$2,891$2,436$2,045$1,710$994
17 years$3,182$2,663$2,217$1,837$1,516$845
18 years$2,973$2,461$2,024$1,656$1,348$720
19 years$2,788$2,280$1,853$1,496$1,202$615
20 years$2,620$2,119$1,700$1,355$1,073$526
21 years$2,469$1,974$1,564$1,230$961$451
22 years$2,332$1,842$1,441$1,118$861$386
23 years$2,207$1,723$1,331$1,018$773$331
24 years$2,093$1,615$1,231$929$695$285
25 years$1,988$1,515$1,140$848$625$245
26 years$1,891$1,424$1,057$776$563$210
27 years$1,801$1,340$982$710$508$181
28 years$1,718$1,263$913$650$458$156
29 years$1,641$1,191$849$596$414$134
30 years$1,569$1,125$791$547$374$115
31 years$1,502$1,064$738$503$338$99
32 years$1,440$1,006$688$462$306$86
33 years$1,381$953$643$425$277$74
34 years$1,325$903$600$391$250$64
35 years$1,274$857$561$360$227$55
36 years$1,225$813$525$331$206$47
37 years$1,178$772$491$305$186$41
38 years$1,135$734$460$281$169$35
39 years$1,093$698$431$260$153$30
40 years$1,054$664$404$239$139$26
41 years$1,017$632$379$221$126$23
42 years$982$602$355$204$114$19
43 years$948$574$334$188$104$17
44 years$916$547$313$174$94$14
45 years$886$521$294$160$86$12
46 years$857$497$276$148$78$11
47 years$829$475$259$137$71$9
48 years$802$453$244$127$64$8
49 years$777$433$229$117$58$7
50 years$753$413$215$108$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $771,000, adding $4,082 every year, while hoping to spend $43,116 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: 39/45/16 Blend
66$771,000$771,000$771,000$771,000
67$853,853$812,990$801,039$882,917
68$895,070$806,951$781,999$897,998
69$939,047$799,171$760,876$909,831
70$986,020$789,520$737,554$921,706
71$1,036,245$777,858$711,914$933,651
72$1,090,008$764,039$683,829$945,696
73$1,147,619$747,907$653,167$957,880
74$1,209,418$729,297$619,790$970,250
75$1,275,781$708,034$583,555$982,859
76$1,347,117$683,934$544,311$995,772
77$1,423,877$656,801$501,899$1,009,065
78$1,506,556$626,428$456,157$1,022,826
79$1,595,698$592,597$406,912$1,037,157
80$1,691,900$555,075$353,984$1,052,175
81$1,795,818$513,618$297,187$1,068,016
82$1,908,173$467,966$236,324$1,084,835
83$2,029,758$417,848$171,192$1,102,811
84$2,161,443$362,972$101,576$1,122,145
85$2,304,186$303,034$27,255$1,143,070
86$2,459,041$237,710$0$1,165,845
87$2,627,166$166,661$0$1,199,657
88$2,809,835$89,525$0$1,241,497
89$3,008,448$5,922$0$1,287,128
90$3,224,549$0$0$1,337,025
91$3,459,833$0$0$1,433,583
92$3,716,166$0$0$1,542,068
93$3,995,604$0$0$1,660,431
94$4,300,407$0$0$1,789,640
95$4,633,063$0$0$1,930,763
96$4,996,312$0$0$2,084,976
97$5,393,168$0$0$2,253,573
98$5,826,951$0$0$2,437,979
99$6,301,316$0$0$2,639,762
100$6,820,287$0$0$2,860,651