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%12.7%
1 years$64,742$64,165$63,603$63,053$62,517$61,813
2 years$32,050$31,454$30,875$30,314$29,770$29,061
3 years$21,155$20,555$19,978$19,423$18,887$18,196
4 years$15,708$15,110$14,539$13,993$13,471$12,802
5 years$12,441$11,847$11,283$10,748$10,240$9,596
6 years$10,263$9,674$9,118$8,595$8,103$7,483
7 years$8,709$8,124$7,577$7,067$6,590$5,996
8 years$7,543$6,964$6,426$5,928$5,467$4,899
9 years$6,637$6,063$5,535$5,049$4,604$4,061
10 years$5,913$5,344$4,825$4,353$3,923$3,405
11 years$5,320$4,758$4,248$3,788$3,374$2,880
12 years$4,827$4,270$3,770$3,323$2,924$2,454
13 years$4,410$3,859$3,368$2,933$2,549$2,104
14 years$4,053$3,508$3,027$2,604$2,235$1,812
15 years$3,744$3,204$2,733$2,322$1,968$1,567
16 years$3,473$2,940$2,477$2,079$1,739$1,360
17 years$3,235$2,708$2,254$1,868$1,542$1,183
18 years$3,024$2,502$2,058$1,684$1,371$1,033
19 years$2,835$2,319$1,884$1,521$1,222$903
20 years$2,665$2,155$1,729$1,378$1,092$791
21 years$2,511$2,007$1,590$1,250$977$694
22 years$2,372$1,874$1,466$1,137$876$610
23 years$2,244$1,752$1,353$1,035$786$536
24 years$2,128$1,642$1,252$944$706$472
25 years$2,021$1,541$1,159$862$636$416
26 years$1,923$1,448$1,075$789$573$367
27 years$1,832$1,363$998$722$516$324
28 years$1,747$1,284$928$661$466$286
29 years$1,669$1,211$864$606$421$253
30 years$1,596$1,144$805$557$380$224
31 years$1,528$1,082$750$511$344$198
32 years$1,464$1,023$700$470$311$175
33 years$1,404$969$653$432$281$155
34 years$1,348$919$610$397$255$137
35 years$1,295$871$571$366$231$121
36 years$1,245$827$534$337$209$108
37 years$1,198$785$500$311$189$95
38 years$1,154$746$468$286$172$84
39 years$1,112$710$438$264$156$75
40 years$1,072$675$411$243$141$66
41 years$1,034$643$385$225$128$59
42 years$998$612$361$207$116$52
43 years$964$583$339$191$106$46
44 years$932$556$318$177$96$41
45 years$901$530$299$163$87$36
46 years$871$506$281$151$79$32
47 years$843$483$264$139$72$29
48 years$816$461$248$129$65$25
49 years$790$440$233$119$59$22
50 years$765$420$219$110$54$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $784,000, adding $3,666 every year, while hoping to spend $41,215 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: 63/15/22 Blend
66$784,000$784,000$784,000$784,000
67$867,749$826,197$814,045$917,237
68$912,407$822,829$797,464$947,703
69$960,239$817,914$778,945$976,036
70$1,011,525$811,333$758,381$1,006,043
71$1,066,572$802,960$735,658$1,037,892
72$1,125,718$792,660$710,658$1,071,769
73$1,189,333$780,292$683,257$1,107,882
74$1,257,824$765,705$653,325$1,146,459
75$1,331,637$748,740$620,726$1,187,754
76$1,411,262$729,226$585,319$1,232,049
77$1,497,239$706,987$546,955$1,279,657
78$1,590,159$681,831$505,480$1,330,924
79$1,690,674$653,559$460,732$1,386,233
80$1,799,498$621,959$412,542$1,446,010
81$1,917,418$586,806$360,734$1,510,724
82$2,045,299$547,864$305,122$1,580,898
83$2,184,091$504,881$245,516$1,657,108
84$2,334,840$457,592$181,712$1,739,993
85$2,498,697$405,717$113,503$1,830,260
86$2,676,927$348,960$40,668$1,928,692
87$2,870,922$287,008$0$2,036,153
88$3,082,215$219,530$0$2,162,302
89$3,312,491$146,177$0$2,310,250
90$3,563,606$66,580$0$2,471,671
91$3,837,601$0$0$2,647,921
92$4,136,725$0$0$2,843,739
93$4,463,452$0$0$3,069,684
94$4,820,505$0$0$3,316,654
95$5,210,884$0$0$3,586,733
96$5,637,890$0$0$3,882,211
97$6,105,160$0$0$4,205,611
98$6,616,695$0$0$4,559,711
99$7,176,904$0$0$4,947,571
100$7,790,641$0$0$5,372,559