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%17%
1 years$64,742$64,165$63,603$63,053$62,517$60,735
2 years$32,050$31,454$30,875$30,314$29,770$27,989
3 years$21,155$20,555$19,978$19,423$18,887$17,162
4 years$15,708$15,110$14,539$13,993$13,471$11,815
5 years$12,441$11,847$11,283$10,748$10,240$8,659
6 years$10,263$9,674$9,118$8,595$8,103$6,597
7 years$8,709$8,124$7,577$7,067$6,590$5,159
8 years$7,543$6,964$6,426$5,928$5,467$4,111
9 years$6,637$6,063$5,535$5,049$4,604$3,322
10 years$5,913$5,344$4,825$4,353$3,923$2,712
11 years$5,320$4,758$4,248$3,788$3,374$2,233
12 years$4,827$4,270$3,770$3,323$2,924$1,850
13 years$4,410$3,859$3,368$2,933$2,549$1,541
14 years$4,053$3,508$3,027$2,604$2,235$1,289
15 years$3,744$3,204$2,733$2,322$1,968$1,082
16 years$3,473$2,940$2,477$2,079$1,739$911
17 years$3,235$2,708$2,254$1,868$1,542$769
18 years$3,024$2,502$2,058$1,684$1,371$650
19 years$2,835$2,319$1,884$1,521$1,222$551
20 years$2,665$2,155$1,729$1,378$1,092$467
21 years$2,511$2,007$1,590$1,250$977$397
22 years$2,372$1,874$1,466$1,137$876$337
23 years$2,244$1,752$1,353$1,035$786$287
24 years$2,128$1,642$1,252$944$706$244
25 years$2,021$1,541$1,159$862$636$208
26 years$1,923$1,448$1,075$789$573$177
27 years$1,832$1,363$998$722$516$151
28 years$1,747$1,284$928$661$466$129
29 years$1,669$1,211$864$606$421$110
30 years$1,596$1,144$805$557$380$94
31 years$1,528$1,082$750$511$344$80
32 years$1,464$1,023$700$470$311$68
33 years$1,404$969$653$432$281$58
34 years$1,348$919$610$397$255$50
35 years$1,295$871$571$366$231$43
36 years$1,245$827$534$337$209$36
37 years$1,198$785$500$311$189$31
38 years$1,154$746$468$286$172$27
39 years$1,112$710$438$264$156$23
40 years$1,072$675$411$243$141$19
41 years$1,034$643$385$225$128$17
42 years$998$612$361$207$116$14
43 years$964$583$339$191$106$12
44 years$932$556$318$177$96$10
45 years$901$530$299$163$87$9
46 years$871$506$281$151$79$8
47 years$843$483$264$139$72$6
48 years$816$461$248$129$65$6
49 years$790$440$233$119$59$5
50 years$765$420$219$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $784,000, adding $6,552 every year, while hoping to spend $45,574 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: 81/13/6 Blend
66$784,000$784,000$784,000$784,000
67$870,726$829,174$817,022$940,351
68$911,050$821,314$795,902$978,991
69$953,959$811,540$772,547$1,014,650
70$999,670$799,712$746,834$1,052,388
71$1,048,418$785,679$718,634$1,092,387
72$1,100,461$769,283$687,814$1,134,848
73$1,156,084$750,353$654,231$1,179,991
74$1,215,597$728,713$617,740$1,228,062
75$1,279,340$704,172$578,187$1,279,328
76$1,347,687$676,531$535,411$1,334,087
77$1,421,048$645,578$489,244$1,392,665
78$1,499,873$611,089$439,511$1,455,422
79$1,584,655$572,827$386,030$1,522,755
80$1,675,936$530,542$328,608$1,595,103
81$1,774,312$483,969$267,047$1,672,948
82$1,880,436$432,828$201,137$1,756,824
83$1,995,027$376,823$130,662$1,847,317
84$2,118,873$315,641$55,393$1,945,076
85$2,252,844$248,953$0$2,050,815
86$2,397,891$176,409$0$2,166,919
87$2,555,064$97,641$0$2,296,551
88$2,725,515$12,260$0$2,437,135
89$2,910,512$0$0$2,589,748
90$3,111,449$0$0$2,767,040
91$3,329,860$0$0$2,961,673
92$3,567,431$0$0$3,173,399
93$3,826,019$0$0$3,403,875
94$4,107,666$0$0$3,654,923
95$4,414,621$0$0$3,928,549
96$4,749,356$0$0$4,226,961
97$5,114,593$0$0$4,552,589
98$5,513,331$0$0$4,908,107
99$5,948,866$0$0$5,296,459
100$6,424,832$0$0$5,720,886