Can I retire at age 67 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$64,825$64,247$63,684$63,134$62,597$62,176
2 years$32,091$31,494$30,914$30,353$29,808$29,384
3 years$21,182$20,581$20,004$19,447$18,911$18,497
4 years$15,728$15,130$14,558$14,011$13,488$13,086
5 years$12,457$11,862$11,297$10,762$10,253$9,865
6 years$10,276$9,686$9,130$8,606$8,113$7,740
7 years$8,720$8,134$7,587$7,076$6,598$6,239
8 years$7,553$6,973$6,434$5,936$5,474$5,129
9 years$6,646$6,071$5,542$5,056$4,610$4,280
10 years$5,920$5,351$4,832$4,358$3,928$3,612
11 years$5,327$4,764$4,254$3,793$3,378$3,077
12 years$4,833$4,276$3,775$3,327$2,927$2,640
13 years$4,416$3,864$3,373$2,937$2,553$2,279
14 years$4,058$3,512$3,030$2,607$2,238$1,977
15 years$3,749$3,209$2,736$2,325$1,970$1,722
16 years$3,478$2,944$2,481$2,082$1,741$1,506
17 years$3,239$2,711$2,257$1,871$1,544$1,321
18 years$3,027$2,505$2,061$1,686$1,373$1,161
19 years$2,838$2,322$1,886$1,523$1,224$1,024
20 years$2,668$2,158$1,731$1,380$1,093$904
21 years$2,514$2,010$1,592$1,252$978$799
22 years$2,375$1,876$1,468$1,138$877$708
23 years$2,247$1,755$1,355$1,037$787$628
24 years$2,131$1,644$1,253$946$707$558
25 years$2,024$1,543$1,161$864$636$496
26 years$1,925$1,450$1,077$790$573$441
27 years$1,834$1,365$1,000$723$517$393
28 years$1,750$1,286$929$662$466$350
29 years$1,671$1,213$865$607$421$312
30 years$1,598$1,146$806$557$381$278
31 years$1,530$1,083$751$512$344$248
32 years$1,466$1,025$701$470$311$222
33 years$1,406$970$654$433$282$198
34 years$1,350$920$611$398$255$177
35 years$1,297$872$571$366$231$158
36 years$1,247$828$535$337$209$141
37 years$1,200$786$500$311$190$126
38 years$1,155$747$469$287$172$113
39 years$1,113$711$439$264$156$101
40 years$1,073$676$411$244$141$91
41 years$1,035$644$386$225$128$81
42 years$999$613$362$208$116$73
43 years$965$584$340$192$106$65
44 years$933$557$319$177$96$58
45 years$902$531$299$163$87$52
46 years$872$506$281$151$79$47
47 years$844$483$264$139$72$42
48 years$817$461$248$129$65$37
49 years$791$441$233$119$59$33
50 years$766$421$219$110$54$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $785,000, adding $3,736 every year, while hoping to spend $34,856 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: 41/43/16 Blend
66$785,000$785,000$785,000$785,000
67$868,924$827,319$815,151$900,306
68$920,467$830,771$805,372$926,329
69$976,100$833,224$794,097$950,787
70$1,036,203$834,592$781,240$976,516
71$1,101,193$834,784$766,709$1,003,648
72$1,171,530$833,704$750,409$1,032,332
73$1,247,718$831,248$732,240$1,062,734
74$1,330,314$827,307$712,098$1,095,037
75$1,419,927$821,767$689,875$1,129,448
76$1,517,229$814,503$665,455$1,166,196
77$1,622,959$805,386$638,721$1,205,536
78$1,737,929$794,279$609,546$1,247,753
79$1,863,033$781,033$577,801$1,293,162
80$1,999,255$765,496$543,350$1,342,116
81$2,147,676$747,502$506,049$1,395,007
82$2,309,487$726,879$465,750$1,452,270
83$2,486,000$703,441$422,298$1,514,388
84$2,678,658$676,995$375,530$1,581,898
85$2,889,047$647,334$325,277$1,655,398
86$3,118,917$614,240$271,360$1,735,550
87$3,370,192$577,483$213,596$1,823,088
88$3,644,991$536,819$151,791$1,918,830
89$3,945,647$491,991$85,743$2,023,678
90$4,274,729$442,725$15,242$2,138,636
91$4,635,067$388,733$0$2,264,817
92$5,029,775$329,713$0$2,413,695
93$5,462,284$265,341$0$2,579,836
94$5,936,372$195,278$0$2,762,189
95$6,456,201$119,165$0$2,962,472
96$7,026,354$36,624$0$3,182,585
97$7,651,878$0$0$3,424,627
98$8,338,334$0$0$3,715,877
99$9,091,846$0$0$4,054,705
100$9,919,161$0$0$4,426,828