Can I retire at age 67 with 789,000?

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 $789,000?

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$65,155$64,575$64,008$63,456$62,916$60,684
2 years$32,255$31,654$31,072$30,508$29,960$27,735
3 years$21,290$20,686$20,106$19,546$19,008$16,860
4 years$15,808$15,207$14,632$14,082$13,557$11,502
5 years$12,520$11,922$11,355$10,816$10,305$8,350
6 years$10,329$9,735$9,176$8,650$8,154$6,299
7 years$8,764$8,176$7,626$7,112$6,632$4,876
8 years$7,591$7,008$6,467$5,966$5,502$3,844
9 years$6,679$6,102$5,570$5,082$4,633$3,072
10 years$5,950$5,378$4,856$4,380$3,948$2,480
11 years$5,354$4,788$4,275$3,812$3,395$2,018
12 years$4,858$4,298$3,794$3,344$2,942$1,653
13 years$4,438$3,884$3,390$2,952$2,566$1,360
14 years$4,079$3,530$3,046$2,621$2,249$1,124
15 years$3,768$3,225$2,750$2,337$1,980$931
16 years$3,496$2,959$2,493$2,093$1,750$774
17 years$3,256$2,725$2,269$1,880$1,552$644
18 years$3,043$2,518$2,071$1,694$1,380$538
19 years$2,853$2,334$1,896$1,531$1,230$449
20 years$2,682$2,169$1,740$1,387$1,098$376
21 years$2,527$2,020$1,600$1,258$983$315
22 years$2,387$1,885$1,475$1,144$881$264
23 years$2,259$1,763$1,362$1,042$791$221
24 years$2,142$1,652$1,260$950$711$186
25 years$2,034$1,551$1,167$868$640$156
26 years$1,935$1,457$1,082$794$576$131
27 years$1,843$1,371$1,005$726$520$110
28 years$1,759$1,292$934$666$469$92
29 years$1,680$1,219$869$610$423$78
30 years$1,606$1,151$810$560$382$65
31 years$1,537$1,088$755$514$346$55
32 years$1,473$1,030$704$473$313$46
33 years$1,413$975$658$435$283$39
34 years$1,356$924$614$400$256$33
35 years$1,303$877$574$368$232$28
36 years$1,253$832$537$339$210$23
37 years$1,206$790$503$312$191$19
38 years$1,161$751$471$288$173$16
39 years$1,119$714$441$266$157$14
40 years$1,079$680$414$245$142$12
41 years$1,041$647$388$226$129$10
42 years$1,005$616$364$209$117$8
43 years$970$587$341$193$106$7
44 years$937$560$320$178$96$6
45 years$906$534$301$164$88$5
46 years$877$509$283$152$79$4
47 years$848$486$265$140$72$3
48 years$821$464$249$129$66$3
49 years$795$443$234$120$60$2
50 years$770$423$220$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $789,000, adding $2,744 every year, while hoping to spend $22,710 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: 68/22/10 Blend
66$789,000$789,000$789,000$789,000
67$872,308$830,491$818,262$929,665
68$937,121$847,022$821,510$984,637
69$1,007,783$863,602$824,107$1,041,746
70$1,084,867$880,209$826,005$1,103,604
71$1,169,004$896,820$827,156$1,170,674
72$1,260,888$913,409$827,511$1,243,462
73$1,361,282$929,950$827,017$1,322,532
74$1,471,027$946,412$825,617$1,408,499
75$1,591,050$962,764$823,253$1,502,046
76$1,722,369$978,972$819,864$1,603,920
77$1,866,108$994,998$815,386$1,714,949
78$2,023,501$1,010,804$809,752$1,836,043
79$2,195,911$1,026,346$802,891$1,968,204
80$2,384,836$1,041,579$794,730$2,112,539
81$2,591,927$1,056,454$785,192$2,270,264
82$2,819,002$1,070,919$774,194$2,442,721
83$3,068,064$1,084,918$761,653$2,631,391
84$3,341,318$1,098,390$747,480$2,837,902
85$3,641,194$1,111,273$731,582$3,064,052
86$3,970,368$1,123,497$713,862$3,311,819
87$4,331,787$1,134,990$694,218$3,583,385
88$4,728,699$1,145,674$672,544$3,881,155
89$5,164,680$1,155,467$648,729$4,207,779
90$5,643,672$1,164,279$622,656$4,566,177
91$6,170,015$1,172,017$594,203$4,959,569
92$6,748,492$1,178,581$563,244$5,391,501
93$7,384,371$1,183,864$529,646$5,865,884
94$8,083,457$1,187,754$493,269$6,387,027
95$8,852,145$1,190,130$453,969$6,959,680
96$9,697,481$1,190,863$411,594$7,589,078
97$10,627,228$1,189,818$365,986$8,280,989
98$11,649,937$1,186,852$316,978$9,041,773
99$12,775,033$1,181,810$264,399$9,878,439
100$14,012,898$1,174,530$208,068$10,798,709