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%11.4%
1 years$64,825$64,247$63,684$63,134$62,597$62,229
2 years$32,091$31,494$30,914$30,353$29,808$29,436
3 years$21,182$20,581$20,004$19,447$18,911$18,548
4 years$15,728$15,130$14,558$14,011$13,488$13,135
5 years$12,457$11,862$11,297$10,762$10,253$9,913
6 years$10,276$9,686$9,130$8,606$8,113$7,785
7 years$8,720$8,134$7,587$7,076$6,598$6,283
8 years$7,553$6,973$6,434$5,936$5,474$5,171
9 years$6,646$6,071$5,542$5,056$4,610$4,320
10 years$5,920$5,351$4,832$4,358$3,928$3,650
11 years$5,327$4,764$4,254$3,793$3,378$3,113
12 years$4,833$4,276$3,775$3,327$2,927$2,674
13 years$4,416$3,864$3,373$2,937$2,553$2,311
14 years$4,058$3,512$3,030$2,607$2,238$2,008
15 years$3,749$3,209$2,736$2,325$1,970$1,752
16 years$3,478$2,944$2,481$2,082$1,741$1,534
17 years$3,239$2,711$2,257$1,871$1,544$1,347
18 years$3,027$2,505$2,061$1,686$1,373$1,186
19 years$2,838$2,322$1,886$1,523$1,224$1,047
20 years$2,668$2,158$1,731$1,380$1,093$926
21 years$2,514$2,010$1,592$1,252$978$820
22 years$2,375$1,876$1,468$1,138$877$727
23 years$2,247$1,755$1,355$1,037$787$646
24 years$2,131$1,644$1,253$946$707$575
25 years$2,024$1,543$1,161$864$636$512
26 years$1,925$1,450$1,077$790$573$456
27 years$1,834$1,365$1,000$723$517$407
28 years$1,750$1,286$929$662$466$363
29 years$1,671$1,213$865$607$421$324
30 years$1,598$1,146$806$557$381$290
31 years$1,530$1,083$751$512$344$259
32 years$1,466$1,025$701$470$311$231
33 years$1,406$970$654$433$282$207
34 years$1,350$920$611$398$255$185
35 years$1,297$872$571$366$231$166
36 years$1,247$828$535$337$209$149
37 years$1,200$786$500$311$190$133
38 years$1,155$747$469$287$172$119
39 years$1,113$711$439$264$156$107
40 years$1,073$676$411$244$141$96
41 years$1,035$644$386$225$128$86
42 years$999$613$362$208$116$77
43 years$965$584$340$192$106$69
44 years$933$557$319$177$96$62
45 years$902$531$299$163$87$56
46 years$872$506$281$151$79$50
47 years$844$483$264$139$72$45
48 years$817$461$248$129$65$40
49 years$791$441$233$119$59$36
50 years$766$421$219$110$54$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $785,000, adding $4,779 every year, while hoping to spend $36,037 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: 41/34/25 Blend
66$785,000$785,000$785,000$785,000
67$870,000$828,395$816,227$899,101
68$920,396$830,643$805,228$922,725
69$974,726$831,793$792,652$944,514
70$1,033,351$831,755$778,409$967,391
71$1,096,671$830,429$762,404$991,478
72$1,165,124$827,712$744,537$1,016,910
73$1,239,192$823,495$724,704$1,043,838
74$1,319,405$817,661$702,796$1,072,433
75$1,406,344$810,087$678,700$1,102,884
76$1,500,650$800,640$652,296$1,135,403
77$1,603,028$789,183$623,459$1,170,225
78$1,714,252$775,568$592,060$1,207,616
79$1,835,173$759,639$557,962$1,247,870
80$1,966,730$741,230$521,022$1,291,313
81$2,109,952$720,166$481,093$1,338,312
82$2,265,977$696,264$438,018$1,389,273
83$2,436,051$669,325$391,636$1,444,649
84$2,621,549$639,143$341,777$1,504,942
85$2,823,984$605,498$288,264$1,570,713
86$3,045,021$568,159$230,912$1,642,583
87$3,286,494$526,879$169,528$1,721,243
88$3,550,419$481,398$103,910$1,807,460
89$3,839,019$431,444$33,848$1,902,087
90$4,154,739$376,725$0$2,006,067
91$4,500,274$316,936$0$2,131,366
92$4,878,588$251,752$0$2,278,575
93$5,292,947$180,831$0$2,440,009
94$5,746,949$103,813$0$2,617,165
95$6,244,553$20,315$0$2,811,694
96$6,790,123$0$0$3,025,424
97$7,388,463$0$0$3,286,588
98$8,044,864$0$0$3,581,535
99$8,765,156$0$0$3,905,299
100$9,555,758$0$0$4,260,777