Can I retire at age 67 with 785,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$64,825$64,247$63,684$63,134$62,597$62,021
2 years$32,091$31,494$30,914$30,353$29,808$29,227
3 years$21,182$20,581$20,004$19,447$18,911$18,345
4 years$15,728$15,130$14,558$14,011$13,488$12,939
5 years$12,457$11,862$11,297$10,762$10,253$9,724
6 years$10,276$9,686$9,130$8,606$8,113$7,604
7 years$8,720$8,134$7,587$7,076$6,598$6,110
8 years$7,553$6,973$6,434$5,936$5,474$5,006
9 years$6,646$6,071$5,542$5,056$4,610$4,162
10 years$5,920$5,351$4,832$4,358$3,928$3,500
11 years$5,327$4,764$4,254$3,793$3,378$2,970
12 years$4,833$4,276$3,775$3,327$2,927$2,539
13 years$4,416$3,864$3,373$2,937$2,553$2,183
14 years$4,058$3,512$3,030$2,607$2,238$1,887
15 years$3,749$3,209$2,736$2,325$1,970$1,637
16 years$3,478$2,944$2,481$2,082$1,741$1,426
17 years$3,239$2,711$2,257$1,871$1,544$1,245
18 years$3,027$2,505$2,061$1,686$1,373$1,090
19 years$2,838$2,322$1,886$1,523$1,224$957
20 years$2,668$2,158$1,731$1,380$1,093$841
21 years$2,514$2,010$1,592$1,252$978$741
22 years$2,375$1,876$1,468$1,138$877$653
23 years$2,247$1,755$1,355$1,037$787$577
24 years$2,131$1,644$1,253$946$707$510
25 years$2,024$1,543$1,161$864$636$451
26 years$1,925$1,450$1,077$790$573$399
27 years$1,834$1,365$1,000$723$517$354
28 years$1,750$1,286$929$662$466$314
29 years$1,671$1,213$865$607$421$278
30 years$1,598$1,146$806$557$381$247
31 years$1,530$1,083$751$512$344$220
32 years$1,466$1,025$701$470$311$195
33 years$1,406$970$654$433$282$173
34 years$1,350$920$611$398$255$154
35 years$1,297$872$571$366$231$137
36 years$1,247$828$535$337$209$122
37 years$1,200$786$500$311$190$108
38 years$1,155$747$469$287$172$97
39 years$1,113$711$439$264$156$86
40 years$1,073$676$411$244$141$76
41 years$1,035$644$386$225$128$68
42 years$999$613$362$208$116$61
43 years$965$584$340$192$106$54
44 years$933$557$319$177$96$48
45 years$902$531$299$163$87$43
46 years$872$506$281$151$79$38
47 years$844$483$264$139$72$34
48 years$817$461$248$129$65$30
49 years$791$441$233$119$59$27
50 years$766$421$219$110$54$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $785,000, adding $2,403 every year, while hoping to spend $54,713 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: 80/10/10 Blend
66$785,000$785,000$785,000$785,000
67$867,549$825,944$813,776$935,353
68$897,824$808,201$782,823$962,438
69$929,355$787,755$749,000$984,759
70$962,209$764,415$712,152$1,007,637
71$996,464$737,981$672,119$1,031,101
72$1,032,200$708,239$628,732$1,055,183
73$1,069,506$674,963$581,815$1,079,918
74$1,108,475$637,916$531,185$1,105,347
75$1,149,210$596,845$476,651$1,131,513
76$1,191,822$551,483$418,011$1,158,466
77$1,236,430$501,548$355,057$1,186,259
78$1,283,164$446,742$287,569$1,214,953
79$1,332,164$386,750$215,321$1,244,617
80$1,383,584$321,239$138,072$1,275,324
81$1,437,587$249,857$55,575$1,307,158
82$1,494,354$172,234$0$1,340,213
83$1,554,081$87,976$0$1,378,055
84$1,616,980$0$0$1,423,889
85$1,683,282$0$0$1,472,304
86$1,753,241$0$0$1,533,612
87$1,827,131$0$0$1,598,374
88$1,905,252$0$0$1,666,854
89$1,987,931$0$0$1,739,340
90$2,075,527$0$0$1,816,148
91$2,168,429$0$0$1,897,621
92$2,267,065$0$0$1,984,136
93$2,371,902$0$0$2,076,103
94$2,483,451$0$0$2,173,973
95$2,602,270$0$0$2,278,238
96$2,728,973$0$0$2,389,437
97$2,864,229$0$0$2,508,161
98$3,008,774$0$0$2,635,058
99$3,163,412$0$0$2,770,837
100$3,329,028$0$0$2,916,276