Can I retire at age 67 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$64,907$64,329$63,765$63,214$62,677$60,719
2 years$32,132$31,534$30,954$30,392$29,846$27,891
3 years$21,209$20,608$20,029$19,472$18,936$17,045
4 years$15,748$15,149$14,576$14,029$13,505$11,693
5 years$12,472$11,877$11,312$10,775$10,266$8,538
6 years$10,289$9,698$9,142$8,617$8,123$6,480
7 years$8,731$8,145$7,597$7,085$6,606$5,048
8 years$7,562$6,981$6,443$5,943$5,481$4,006
9 years$6,654$6,079$5,549$5,062$4,616$3,223
10 years$5,928$5,358$4,838$4,364$3,933$2,620
11 years$5,334$4,770$4,259$3,798$3,382$2,147
12 years$4,839$4,281$3,780$3,331$2,931$1,771
13 years$4,421$3,869$3,377$2,941$2,556$1,468
14 years$4,063$3,517$3,034$2,611$2,240$1,222
15 years$3,753$3,213$2,740$2,328$1,973$1,021
16 years$3,482$2,948$2,484$2,085$1,743$855
17 years$3,243$2,715$2,260$1,873$1,546$718
18 years$3,031$2,508$2,063$1,688$1,375$604
19 years$2,842$2,325$1,889$1,525$1,225$509
20 years$2,671$2,160$1,733$1,381$1,094$429
21 years$2,517$2,012$1,594$1,254$979$363
22 years$2,378$1,878$1,469$1,140$878$306
23 years$2,250$1,757$1,357$1,038$788$259
24 years$2,134$1,646$1,255$947$708$220
25 years$2,026$1,545$1,162$865$637$186
26 years$1,928$1,452$1,078$791$574$158
27 years$1,836$1,366$1,001$724$518$134
28 years$1,752$1,287$930$663$467$113
29 years$1,673$1,215$866$608$422$96
30 years$1,600$1,147$807$558$381$82
31 years$1,532$1,084$752$512$344$69
32 years$1,468$1,026$702$471$312$59
33 years$1,408$972$655$433$282$50
34 years$1,351$921$612$399$255$42
35 years$1,298$873$572$367$231$36
36 years$1,248$829$535$338$210$31
37 years$1,201$787$501$311$190$26
38 years$1,157$748$469$287$172$22
39 years$1,115$712$440$265$156$19
40 years$1,075$677$412$244$142$16
41 years$1,037$644$386$225$128$13
42 years$1,001$614$362$208$117$11
43 years$966$585$340$192$106$10
44 years$934$557$319$177$96$8
45 years$903$532$300$164$87$7
46 years$873$507$282$151$79$6
47 years$845$484$264$140$72$5
48 years$818$462$249$129$65$4
49 years$792$441$234$119$59$4
50 years$767$421$220$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $786,000, adding $5,211 every year, while hoping to spend $32,951 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: 47/43/10 Blend
66$786,000$786,000$786,000$786,000
67$871,547$829,889$817,706$909,868
68$925,385$835,494$810,040$942,415
69$983,611$840,269$801,012$973,873
70$1,046,636$844,139$790,543$1,007,262
71$1,114,914$847,024$778,548$1,042,773
72$1,188,945$848,838$764,939$1,080,616
73$1,269,277$849,490$749,624$1,121,025
74$1,356,514$848,885$732,506$1,164,260
75$1,451,318$846,920$713,485$1,210,606
76$1,554,419$843,487$692,454$1,260,384
77$1,666,622$838,470$669,303$1,313,945
78$1,788,810$831,747$643,917$1,371,681
79$1,921,955$823,189$616,174$1,434,023
80$2,067,127$812,658$585,949$1,501,452
81$2,225,504$800,009$553,109$1,574,498
82$2,398,383$785,087$517,516$1,653,749
83$2,587,191$767,729$479,025$1,739,856
84$2,793,499$747,762$437,487$1,833,539
85$3,019,036$725,002$392,743$1,935,595
86$3,265,707$699,257$344,629$2,046,905
87$3,535,609$670,320$292,973$2,168,446
88$3,831,049$637,974$237,596$2,301,297
89$4,154,571$601,989$178,311$2,446,652
90$4,508,974$562,123$114,921$2,605,831
91$4,897,341$518,119$47,222$2,780,294
92$5,323,068$469,705$0$2,971,656
93$5,789,894$416,593$0$3,184,371
94$6,301,938$358,482$0$3,423,293
95$6,863,737$295,049$0$3,685,582
96$7,480,289$225,956$0$3,973,674
97$8,157,096$150,847$0$4,290,258
98$8,900,224$69,342$0$4,638,305
99$9,716,350$0$0$5,021,094
100$10,612,833$0$0$5,451,215