Can I retire at age 67 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$64,742$64,165$63,603$63,053$62,517$61,180
2 years$32,050$31,454$30,875$30,314$29,770$28,429
3 years$21,155$20,555$19,978$19,423$18,887$17,585
4 years$15,708$15,110$14,539$13,993$13,471$12,217
5 years$12,441$11,847$11,283$10,748$10,240$9,038
6 years$10,263$9,674$9,118$8,595$8,103$6,954
7 years$8,709$8,124$7,577$7,067$6,590$5,494
8 years$7,543$6,964$6,426$5,928$5,467$4,424
9 years$6,637$6,063$5,535$5,049$4,604$3,614
10 years$5,913$5,344$4,825$4,353$3,923$2,984
11 years$5,320$4,758$4,248$3,788$3,374$2,485
12 years$4,827$4,270$3,770$3,323$2,924$2,084
13 years$4,410$3,859$3,368$2,933$2,549$1,757
14 years$4,053$3,508$3,027$2,604$2,235$1,488
15 years$3,744$3,204$2,733$2,322$1,968$1,265
16 years$3,473$2,940$2,477$2,079$1,739$1,079
17 years$3,235$2,708$2,254$1,868$1,542$922
18 years$3,024$2,502$2,058$1,684$1,371$790
19 years$2,835$2,319$1,884$1,521$1,222$678
20 years$2,665$2,155$1,729$1,378$1,092$583
21 years$2,511$2,007$1,590$1,250$977$502
22 years$2,372$1,874$1,466$1,137$876$433
23 years$2,244$1,752$1,353$1,035$786$373
24 years$2,128$1,642$1,252$944$706$322
25 years$2,021$1,541$1,159$862$636$279
26 years$1,923$1,448$1,075$789$573$241
27 years$1,832$1,363$998$722$516$208
28 years$1,747$1,284$928$661$466$180
29 years$1,669$1,211$864$606$421$156
30 years$1,596$1,144$805$557$380$135
31 years$1,528$1,082$750$511$344$117
32 years$1,464$1,023$700$470$311$102
33 years$1,404$969$653$432$281$88
34 years$1,348$919$610$397$255$76
35 years$1,295$871$571$366$231$66
36 years$1,245$827$534$337$209$57
37 years$1,198$785$500$311$189$50
38 years$1,154$746$468$286$172$43
39 years$1,112$710$438$264$156$37
40 years$1,072$675$411$243$141$32
41 years$1,034$643$385$225$128$28
42 years$998$612$361$207$116$24
43 years$964$583$339$191$106$21
44 years$932$556$318$177$96$18
45 years$901$530$299$163$87$16
46 years$871$506$281$151$79$14
47 years$843$483$264$139$72$12
48 years$816$461$248$129$65$10
49 years$790$440$233$119$59$9
50 years$765$420$219$110$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $784,000, adding $3,368 every year, while hoping to spend $36,975 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: 39/38/23 Blend
66$784,000$784,000$784,000$784,000
67$867,442$825,890$813,738$895,226
68$916,580$827,018$801,657$916,752
69$969,491$826,961$787,932$936,289
70$1,026,520$825,624$772,469$956,675
71$1,088,048$822,902$755,170$978,008
72$1,154,492$818,687$735,931$1,000,401
73$1,226,310$812,862$714,644$1,023,978
74$1,304,006$805,305$691,198$1,048,880
75$1,388,135$795,885$665,473$1,075,266
76$1,479,305$784,464$637,346$1,103,312
77$1,578,186$770,895$606,690$1,133,218
78$1,685,515$755,022$573,367$1,165,206
79$1,802,101$736,682$537,239$1,199,526
80$1,928,836$715,701$498,158$1,236,456
81$2,066,700$691,893$455,969$1,276,307
82$2,216,772$665,064$410,512$1,319,427
83$2,380,238$635,007$361,619$1,366,205
84$2,558,404$601,504$309,115$1,417,072
85$2,752,708$564,324$252,817$1,472,512
86$2,964,731$523,223$192,533$1,533,060
87$3,196,214$477,942$128,064$1,599,316
88$3,449,075$428,208$59,202$1,671,944
89$3,725,424$373,733$0$1,751,686
90$4,027,583$314,212$0$1,842,870
91$4,358,111$249,323$0$1,958,637
92$4,719,823$178,725$0$2,085,518
93$5,115,822$102,059$0$2,224,702
94$5,549,521$18,945$0$2,377,505
95$6,024,682$0$0$2,545,383
96$6,545,447$0$0$2,759,642
97$7,116,376$0$0$3,003,332
98$7,742,494$0$0$3,270,688
99$8,429,334$0$0$3,564,087
100$9,182,990$0$0$3,886,145