Can I retire at age 67 with 788,000?

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 $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%17.4%
1 years$65,072$64,493$63,927$63,375$62,836$60,947
2 years$32,214$31,614$31,033$30,469$29,922$28,034
3 years$21,263$20,660$20,080$19,522$18,984$17,157
4 years$15,788$15,187$14,613$14,064$13,539$11,788
5 years$12,504$11,907$11,340$10,803$10,292$8,620
6 years$10,316$9,723$9,165$8,639$8,144$6,553
7 years$8,753$8,165$7,616$7,103$6,623$5,114
8 years$7,582$6,999$6,459$5,958$5,495$4,065
9 years$6,671$6,094$5,563$5,075$4,627$3,277
10 years$5,943$5,372$4,850$4,375$3,943$2,669
11 years$5,348$4,782$4,270$3,807$3,391$2,191
12 years$4,852$4,292$3,789$3,340$2,938$1,811
13 years$4,433$3,879$3,386$2,948$2,562$1,505
14 years$4,074$3,526$3,042$2,617$2,246$1,255
15 years$3,763$3,221$2,746$2,334$1,978$1,051
16 years$3,491$2,955$2,490$2,090$1,748$882
17 years$3,252$2,721$2,266$1,878$1,550$742
18 years$3,039$2,515$2,068$1,692$1,378$626
19 years$2,849$2,331$1,894$1,529$1,228$528
20 years$2,678$2,166$1,738$1,385$1,097$447
21 years$2,524$2,017$1,598$1,257$982$378
22 years$2,384$1,883$1,473$1,143$880$320
23 years$2,256$1,761$1,360$1,041$790$272
24 years$2,139$1,650$1,258$949$710$231
25 years$2,032$1,549$1,165$867$639$196
26 years$1,933$1,455$1,081$793$576$166
27 years$1,841$1,370$1,003$726$519$141
28 years$1,756$1,291$933$665$468$120
29 years$1,677$1,218$868$610$423$102
30 years$1,604$1,150$809$559$382$87
31 years$1,535$1,087$754$514$345$74
32 years$1,471$1,029$703$472$312$63
33 years$1,411$974$657$434$283$54
34 years$1,355$923$614$400$256$46
35 years$1,302$876$574$368$232$39
36 years$1,252$831$537$339$210$33
37 years$1,204$789$502$312$190$28
38 years$1,160$750$470$288$173$24
39 years$1,117$713$441$265$157$20
40 years$1,077$679$413$245$142$17
41 years$1,039$646$387$226$129$15
42 years$1,003$615$363$208$117$13
43 years$969$586$341$192$106$11
44 years$936$559$320$178$96$9
45 years$905$533$300$164$87$8
46 years$875$508$282$151$79$7
47 years$847$485$265$140$72$6
48 years$820$463$249$129$65$5
49 years$794$442$234$119$59$4
50 years$769$422$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 $788,000, adding $4,021 every year, while hoping to spend $27,180 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: 49/27/24 Blend
66$788,000$788,000$788,000$788,000
67$872,524$830,760$818,546$909,178
68$932,602$842,548$817,048$946,942
69$997,897$854,002$814,588$984,899
70$1,068,912$865,078$811,107$1,025,587
71$1,146,202$875,728$806,540$1,069,274
72$1,230,376$885,900$800,820$1,116,260
73$1,322,104$895,539$793,878$1,166,873
74$1,422,125$904,586$785,638$1,221,476
75$1,531,250$912,979$776,026$1,280,473
76$1,650,375$920,652$764,960$1,344,307
77$1,780,482$927,534$752,355$1,413,468
78$1,922,657$933,548$738,124$1,488,499
79$2,078,091$938,615$722,175$1,569,998
80$2,248,097$942,648$704,409$1,658,625
81$2,434,123$945,558$684,727$1,755,112
82$2,637,760$947,247$663,022$1,860,263
83$2,860,762$947,613$639,183$1,974,971
84$3,105,060$946,545$613,096$2,100,217
85$3,372,779$943,930$584,638$2,237,087
86$3,666,263$939,642$553,683$2,386,780
87$3,988,090$933,553$520,100$2,550,619
88$4,341,101$925,523$483,749$2,730,064
89$4,728,426$915,406$444,487$2,926,728
90$5,153,510$903,045$402,162$3,142,391
91$5,620,151$888,277$356,617$3,379,016
92$6,132,529$870,926$307,687$3,638,772
93$6,695,253$850,808$255,201$3,924,051
94$7,313,397$827,725$198,978$4,237,494
95$7,992,551$801,471$138,831$4,582,015
96$8,738,874$771,826$74,565$4,960,827
97$9,559,152$738,558$5,975$5,377,479
98$10,460,858$701,420$0$5,835,885
99$11,452,228$660,153$0$6,357,578
100$12,542,336$614,481$0$6,932,857