Can I retire at age 67 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$65,072$64,493$63,927$63,375$62,836$60,607
2 years$32,214$31,614$31,033$30,469$29,922$27,700
3 years$21,263$20,660$20,080$19,522$18,984$16,838
4 years$15,788$15,187$14,613$14,064$13,539$11,487
5 years$12,504$11,907$11,340$10,803$10,292$8,339
6 years$10,316$9,723$9,165$8,639$8,144$6,291
7 years$8,753$8,165$7,616$7,103$6,623$4,870
8 years$7,582$6,999$6,459$5,958$5,495$3,839
9 years$6,671$6,094$5,563$5,075$4,627$3,068
10 years$5,943$5,372$4,850$4,375$3,943$2,477
11 years$5,348$4,782$4,270$3,807$3,391$2,016
12 years$4,852$4,292$3,789$3,340$2,938$1,651
13 years$4,433$3,879$3,386$2,948$2,562$1,358
14 years$4,074$3,526$3,042$2,617$2,246$1,122
15 years$3,763$3,221$2,746$2,334$1,978$930
16 years$3,491$2,955$2,490$2,090$1,748$773
17 years$3,252$2,721$2,266$1,878$1,550$644
18 years$3,039$2,515$2,068$1,692$1,378$537
19 years$2,849$2,331$1,894$1,529$1,228$449
20 years$2,678$2,166$1,738$1,385$1,097$375
21 years$2,524$2,017$1,598$1,257$982$314
22 years$2,384$1,883$1,473$1,143$880$263
23 years$2,256$1,761$1,360$1,041$790$221
24 years$2,139$1,650$1,258$949$710$185
25 years$2,032$1,549$1,165$867$639$156
26 years$1,933$1,455$1,081$793$576$131
27 years$1,841$1,370$1,003$726$519$110
28 years$1,756$1,291$933$665$468$92
29 years$1,677$1,218$868$610$423$78
30 years$1,604$1,150$809$559$382$65
31 years$1,535$1,087$754$514$345$55
32 years$1,471$1,029$703$472$312$46
33 years$1,411$974$657$434$283$39
34 years$1,355$923$614$400$256$33
35 years$1,302$876$574$368$232$27
36 years$1,252$831$537$339$210$23
37 years$1,204$789$502$312$190$19
38 years$1,160$750$470$288$173$16
39 years$1,117$713$441$265$157$14
40 years$1,077$679$413$245$142$12
41 years$1,039$646$387$226$129$10
42 years$1,003$615$363$208$117$8
43 years$969$586$341$192$106$7
44 years$936$559$320$178$96$6
45 years$905$533$300$164$87$5
46 years$875$508$282$151$79$4
47 years$847$485$265$140$72$3
48 years$820$463$249$129$65$3
49 years$794$442$234$119$59$2
50 years$769$422$220$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $788,000, adding $2,530 every year, while hoping to spend $52,918 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: 29/47/24 Blend
66$788,000$788,000$788,000$788,000
67$870,986$829,222$817,008$889,673
68$903,522$813,549$788,073$888,740
69$937,603$795,335$756,396$882,902
70$973,331$774,399$721,828$875,535
71$1,010,817$750,550$684,214$866,541
72$1,050,179$723,586$643,394$855,819
73$1,091,548$693,293$599,199$843,264
74$1,135,066$659,445$551,453$828,766
75$1,180,887$621,801$499,970$812,210
76$1,229,178$580,110$444,559$793,477
77$1,280,121$534,102$385,019$772,444
78$1,333,916$483,496$321,140$748,983
79$1,390,779$427,991$252,702$722,961
80$1,450,948$367,272$179,476$694,242
81$1,514,680$301,004$101,225$662,684
82$1,582,259$228,835$17,698$628,142
83$1,653,994$150,392$0$590,467
84$1,730,221$65,280$0$567,799
85$1,811,310$0$0$547,713
86$1,897,665$0$0$539,503
87$1,989,729$0$0$566,816
88$2,087,986$0$0$596,042
89$2,192,967$0$0$627,348
90$2,305,255$0$0$660,918
91$2,425,487$0$0$696,954
92$2,554,364$0$0$735,678
93$2,692,652$0$0$777,332
94$2,841,195$0$0$822,183
95$3,000,917$0$0$870,524
96$3,172,833$0$0$922,677
97$3,358,057$0$0$978,995
98$3,557,815$0$0$1,039,867
99$3,773,451$0$0$1,105,720
100$4,006,443$0$0$1,177,023