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%13%
1 years$65,155$64,575$64,008$63,456$62,916$62,130
2 years$32,255$31,654$31,072$30,508$29,960$29,169
3 years$21,290$20,686$20,106$19,546$19,008$18,236
4 years$15,808$15,207$14,632$14,082$13,557$12,811
5 years$12,520$11,922$11,355$10,816$10,305$9,588
6 years$10,329$9,735$9,176$8,650$8,154$7,465
7 years$8,764$8,176$7,626$7,112$6,632$5,971
8 years$7,591$7,008$6,467$5,966$5,502$4,870
9 years$6,679$6,102$5,570$5,082$4,633$4,030
10 years$5,950$5,378$4,856$4,380$3,948$3,373
11 years$5,354$4,788$4,275$3,812$3,395$2,848
12 years$4,858$4,298$3,794$3,344$2,942$2,422
13 years$4,438$3,884$3,390$2,952$2,566$2,072
14 years$4,079$3,530$3,046$2,621$2,249$1,781
15 years$3,768$3,225$2,750$2,337$1,980$1,537
16 years$3,496$2,959$2,493$2,093$1,750$1,331
17 years$3,256$2,725$2,269$1,880$1,552$1,156
18 years$3,043$2,518$2,071$1,694$1,380$1,007
19 years$2,853$2,334$1,896$1,531$1,230$878
20 years$2,682$2,169$1,740$1,387$1,098$768
21 years$2,527$2,020$1,600$1,258$983$672
22 years$2,387$1,885$1,475$1,144$881$589
23 years$2,259$1,763$1,362$1,042$791$517
24 years$2,142$1,652$1,260$950$711$454
25 years$2,034$1,551$1,167$868$640$399
26 years$1,935$1,457$1,082$794$576$351
27 years$1,843$1,371$1,005$726$520$309
28 years$1,759$1,292$934$666$469$273
29 years$1,680$1,219$869$610$423$240
30 years$1,606$1,151$810$560$382$212
31 years$1,537$1,088$755$514$346$187
32 years$1,473$1,030$704$473$313$165
33 years$1,413$975$658$435$283$146
34 years$1,356$924$614$400$256$129
35 years$1,303$877$574$368$232$114
36 years$1,253$832$537$339$210$100
37 years$1,206$790$503$312$191$89
38 years$1,161$751$471$288$173$78
39 years$1,119$714$441$266$157$69
40 years$1,079$680$414$245$142$61
41 years$1,041$647$388$226$129$54
42 years$1,005$616$364$209$117$48
43 years$970$587$341$193$106$42
44 years$937$560$320$178$96$37
45 years$906$534$301$164$88$33
46 years$877$509$283$152$79$29
47 years$848$486$265$140$72$26
48 years$821$464$249$129$66$23
49 years$795$443$234$120$60$20
50 years$770$423$220$111$54$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $789,000, adding $3,806 every year, while hoping to spend $41,543 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: 41/38/21 Blend
66$789,000$789,000$789,000$789,000
67$873,404$831,587$819,357$903,673
68$918,290$828,133$802,604$922,188
69$966,361$823,118$783,898$937,942
70$1,017,900$816,421$763,129$954,148
71$1,073,215$807,914$740,182$970,869
72$1,132,643$797,462$714,938$988,178
73$1,196,557$784,922$687,273$1,006,159
74$1,265,364$770,142$657,055$1,024,907
75$1,339,512$752,960$624,148$1,044,531
76$1,419,494$733,206$588,408$1,065,154
77$1,505,849$710,700$549,686$1,086,916
78$1,599,172$685,250$507,827$1,109,976
79$1,700,115$656,655$462,667$1,134,512
80$1,809,396$624,701$414,035$1,160,727
81$1,927,803$589,160$361,754$1,188,848
82$2,056,204$549,794$305,638$1,219,132
83$2,195,553$506,350$245,493$1,251,866
84$2,346,898$458,560$181,116$1,287,374
85$2,511,394$406,141$112,295$1,326,019
86$2,690,309$348,795$38,810$1,368,207
87$2,885,040$286,205$0$1,414,394
88$3,097,124$218,039$0$1,473,965
89$3,328,251$143,943$0$1,548,469
90$3,580,282$63,547$0$1,629,895
91$3,855,267$0$0$1,719,010
92$4,155,458$0$0$1,826,513
93$4,483,338$0$0$1,973,049
94$4,841,638$0$0$2,133,279
95$5,233,366$0$0$2,308,560
96$5,661,834$0$0$2,500,387
97$6,130,687$0$0$2,710,405
98$6,643,941$0$0$2,940,428
99$7,206,017$0$0$3,192,449
100$7,821,782$0$0$3,468,668