Can I retire at age 67 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$64,577$64,002$63,440$62,893$62,358$61,604
2 years$31,969$31,373$30,796$30,237$29,694$28,936
3 years$21,101$20,503$19,927$19,373$18,839$18,099
4 years$15,668$15,072$14,502$13,957$13,436$12,721
5 years$12,409$11,816$11,254$10,720$10,214$9,525
6 years$10,237$9,649$9,095$8,573$8,082$7,421
7 years$8,686$8,103$7,558$7,049$6,573$5,939
8 years$7,524$6,946$6,410$5,913$5,453$4,847
9 years$6,620$6,048$5,521$5,036$4,592$4,013
10 years$5,898$5,331$4,813$4,341$3,913$3,361
11 years$5,307$4,746$4,237$3,778$3,365$2,840
12 years$4,815$4,259$3,761$3,314$2,916$2,416
13 years$4,399$3,849$3,360$2,926$2,543$2,068
14 years$4,043$3,499$3,019$2,597$2,229$1,779
15 years$3,734$3,196$2,726$2,316$1,963$1,537
16 years$3,465$2,933$2,471$2,074$1,735$1,332
17 years$3,227$2,701$2,249$1,863$1,538$1,157
18 years$3,016$2,496$2,053$1,679$1,368$1,008
19 years$2,827$2,313$1,879$1,517$1,219$880
20 years$2,658$2,149$1,725$1,374$1,089$770
21 years$2,505$2,002$1,586$1,247$974$675
22 years$2,366$1,869$1,462$1,134$873$592
23 years$2,239$1,748$1,350$1,033$784$520
24 years$2,123$1,638$1,248$942$705$457
25 years$2,016$1,537$1,156$860$634$402
26 years$1,918$1,444$1,072$787$571$354
27 years$1,827$1,359$996$720$515$312
28 years$1,743$1,281$926$660$465$275
29 years$1,665$1,208$861$605$420$243
30 years$1,592$1,141$802$555$379$214
31 years$1,524$1,079$748$510$343$189
32 years$1,460$1,021$698$469$310$167
33 years$1,400$967$652$431$281$148
34 years$1,344$916$609$396$254$131
35 years$1,292$869$569$365$230$115
36 years$1,242$825$533$336$208$102
37 years$1,195$783$498$310$189$90
38 years$1,151$744$467$285$171$80
39 years$1,109$708$437$263$155$71
40 years$1,069$674$410$243$141$62
41 years$1,031$641$384$224$128$55
42 years$996$611$361$207$116$49
43 years$962$582$338$191$105$43
44 years$929$555$318$176$96$38
45 years$898$529$298$163$87$34
46 years$869$504$280$150$79$30
47 years$841$481$263$139$72$27
48 years$814$460$247$128$65$24
49 years$788$439$232$119$59$21
50 years$764$419$219$110$54$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $782,000, adding $6,175 every year, while hoping to spend $58,392 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: 66/18/16 Blend
66$782,000$782,000$782,000$782,000
67$868,134$826,688$814,567$921,684
68$894,554$805,067$779,726$936,639
69$921,713$780,429$741,761$945,622
70$949,624$752,566$700,506$954,003
71$978,299$721,255$655,786$961,722
72$1,007,751$686,262$607,420$968,712
73$1,037,991$647,338$555,219$974,906
74$1,069,031$604,223$498,983$980,228
75$1,100,879$556,637$438,506$984,598
76$1,133,544$504,288$373,572$987,932
77$1,167,034$446,865$303,954$990,140
78$1,201,351$384,042$229,417$991,123
79$1,236,501$315,472$149,714$990,778
80$1,272,483$240,789$64,588$988,995
81$1,309,296$159,607$0$985,655
82$1,346,934$71,518$0$985,114
83$1,385,391$0$0$994,812
84$1,424,654$0$0$1,008,353
85$1,464,708$0$0$1,036,609
86$1,505,531$0$0$1,065,396
87$1,547,098$0$0$1,094,696
88$1,589,377$0$0$1,124,484
89$1,632,329$0$0$1,154,732
90$1,675,909$0$0$1,185,405
91$1,720,062$0$0$1,216,462
92$1,764,724$0$0$1,247,857
93$1,809,823$0$0$1,279,535
94$1,855,272$0$0$1,311,432
95$1,900,974$0$0$1,343,477
96$1,946,815$0$0$1,375,585
97$1,992,669$0$0$1,407,664
98$2,038,390$0$0$1,439,606
99$2,083,811$0$0$1,471,289
100$2,128,747$0$0$1,502,576