Can I retire at age 67 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$65,237$64,656$64,089$63,536$62,996$60,930
2 years$32,296$31,694$31,111$30,546$29,998$27,937
3 years$21,317$20,713$20,131$19,571$19,032$17,040
4 years$15,828$15,226$14,650$14,100$13,574$11,666
5 years$12,536$11,937$11,369$10,830$10,319$8,500
6 years$10,342$9,748$9,188$8,661$8,165$6,437
7 years$8,775$8,186$7,635$7,121$6,640$5,003
8 years$7,601$7,017$6,475$5,973$5,509$3,961
9 years$6,688$6,110$5,577$5,088$4,639$3,179
10 years$5,958$5,385$4,862$4,386$3,953$2,578
11 years$5,361$4,794$4,281$3,817$3,399$2,107
12 years$4,864$4,303$3,799$3,348$2,946$1,733
13 years$4,444$3,889$3,394$2,956$2,569$1,433
14 years$4,084$3,535$3,050$2,624$2,252$1,190
15 years$3,772$3,229$2,753$2,340$1,983$991
16 years$3,500$2,963$2,496$2,095$1,752$828
17 years$3,260$2,728$2,272$1,883$1,554$693
18 years$3,047$2,521$2,074$1,697$1,382$581
19 years$2,856$2,337$1,898$1,533$1,231$488
20 years$2,685$2,171$1,742$1,388$1,100$411
21 years$2,530$2,022$1,603$1,260$984$346
22 years$2,390$1,888$1,477$1,146$882$291
23 years$2,262$1,766$1,364$1,043$792$246
24 years$2,144$1,654$1,261$952$712$207
25 years$2,037$1,553$1,168$869$641$175
26 years$1,938$1,459$1,083$795$577$148
27 years$1,846$1,373$1,006$727$520$125
28 years$1,761$1,294$935$666$469$106
29 years$1,682$1,221$870$611$424$89
30 years$1,608$1,153$811$561$383$76
31 years$1,539$1,090$756$515$346$64
32 years$1,475$1,031$705$473$313$54
33 years$1,415$977$658$435$283$46
34 years$1,358$926$615$401$257$39
35 years$1,305$878$575$369$232$33
36 years$1,255$833$538$340$211$28
37 years$1,207$791$504$313$191$23
38 years$1,163$752$472$288$173$20
39 years$1,120$715$442$266$157$17
40 years$1,080$680$414$245$142$14
41 years$1,042$648$388$226$129$12
42 years$1,006$617$364$209$117$10
43 years$971$588$342$193$106$9
44 years$939$560$321$178$97$7
45 years$907$534$301$164$88$6
46 years$878$510$283$152$80$5
47 years$849$486$266$140$72$4
48 years$822$464$250$130$66$4
49 years$796$443$235$120$60$3
50 years$771$424$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $790,000, adding $2,500 every year, while hoping to spend $20,092 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: 69/20/11 Blend
66$790,000$790,000$790,000$790,000
67$873,159$831,289$819,044$931,234
68$940,843$850,644$825,104$989,458
69$1,014,758$870,275$830,694$1,050,472
70$1,095,518$890,172$835,776$1,116,691
71$1,183,798$910,329$840,313$1,188,622
72$1,280,344$930,733$844,262$1,266,826
73$1,385,976$951,376$847,581$1,351,918
74$1,501,595$972,243$850,225$1,444,577
75$1,628,197$993,322$852,146$1,545,551
76$1,766,875$1,014,597$853,295$1,655,664
77$1,918,836$1,036,051$853,620$1,775,822
78$2,085,406$1,057,667$853,065$1,907,025
79$2,268,048$1,079,423$851,574$2,050,374
80$2,468,373$1,101,298$849,085$2,207,083
81$2,688,153$1,123,268$845,536$2,378,487
82$2,929,343$1,145,307$840,860$2,566,060
83$3,194,096$1,167,387$834,988$2,771,425
84$3,484,780$1,189,475$827,847$2,996,368
85$3,804,009$1,211,541$819,361$3,242,860
86$4,154,657$1,233,546$809,449$3,513,072
87$4,539,896$1,255,453$798,029$3,809,396
88$4,963,214$1,277,219$785,012$4,134,467
89$5,428,459$1,298,800$770,307$4,491,191
90$5,939,867$1,320,146$753,817$4,882,768
91$6,502,107$1,341,207$735,443$5,312,725
92$7,120,321$1,361,925$715,080$5,784,949
93$7,800,175$1,382,241$692,616$6,303,724
94$8,547,912$1,402,089$667,938$6,873,769
95$9,370,410$1,421,403$640,925$7,500,288
96$10,275,246$1,440,107$611,451$8,189,012
97$11,270,772$1,458,122$579,385$8,946,258
98$12,366,186$1,475,365$544,589$9,778,990
99$13,571,624$1,491,746$506,921$10,694,879
100$14,898,257$1,507,168$466,229$11,702,380