Can I retire at age 67 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$65,485$64,902$64,333$63,777$63,235$62,679
2 years$32,418$31,815$31,230$30,662$30,112$29,552
3 years$21,398$20,791$20,208$19,646$19,104$18,557
4 years$15,888$15,284$14,706$14,154$13,625$13,095
5 years$12,584$11,983$11,412$10,871$10,358$9,847
6 years$10,381$9,785$9,223$8,694$8,196$7,704
7 years$8,809$8,217$7,664$7,148$6,665$6,193
8 years$7,630$7,044$6,500$5,996$5,530$5,077
9 years$6,713$6,133$5,598$5,107$4,657$4,224
10 years$5,981$5,406$4,881$4,403$3,968$3,554
11 years$5,381$4,812$4,297$3,832$3,412$3,018
12 years$4,883$4,319$3,813$3,361$2,957$2,581
13 years$4,461$3,903$3,407$2,967$2,579$2,221
14 years$4,100$3,548$3,061$2,634$2,260$1,921
15 years$3,787$3,241$2,764$2,349$1,990$1,668
16 years$3,513$2,974$2,506$2,103$1,759$1,453
17 years$3,272$2,739$2,280$1,890$1,560$1,270
18 years$3,058$2,531$2,082$1,703$1,387$1,113
19 years$2,867$2,345$1,906$1,539$1,236$977
20 years$2,695$2,180$1,749$1,394$1,104$860
21 years$2,540$2,030$1,609$1,265$988$758
22 years$2,399$1,895$1,483$1,150$886$669
23 years$2,270$1,772$1,369$1,047$795$591
24 years$2,153$1,661$1,266$955$715$523
25 years$2,044$1,558$1,173$872$643$463
26 years$1,945$1,465$1,088$798$579$410
27 years$1,853$1,378$1,010$730$522$364
28 years$1,767$1,299$939$669$471$323
29 years$1,688$1,225$874$613$425$287
30 years$1,614$1,157$814$563$384$255
31 years$1,545$1,094$759$517$348$226
32 years$1,481$1,035$708$475$314$201
33 years$1,420$980$661$437$285$179
34 years$1,363$929$617$402$258$159
35 years$1,310$881$577$370$233$142
36 years$1,259$836$540$341$211$126
37 years$1,212$794$505$314$192$112
38 years$1,167$755$473$289$174$100
39 years$1,124$718$443$267$158$89
40 years$1,084$683$416$246$143$79
41 years$1,046$650$390$227$130$71
42 years$1,010$619$366$210$118$63
43 years$975$590$343$194$107$56
44 years$942$562$322$179$97$50
45 years$911$536$302$165$88$45
46 years$881$512$284$152$80$40
47 years$852$488$267$141$73$36
48 years$825$466$251$130$66$32
49 years$799$445$236$120$60$28
50 years$774$425$222$111$54$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $793,000, adding $5,014 every year, while hoping to spend $32,183 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: 46/34/20 Blend
66$793,000$793,000$793,000$793,000
67$879,058$837,029$824,737$914,257
68$934,479$843,801$818,124$946,169
69$994,475$849,826$810,210$977,171
70$1,059,478$855,034$800,918$1,010,137
71$1,129,963$859,349$790,167$1,045,265
72$1,206,454$862,692$777,873$1,082,774
73$1,289,526$864,978$763,945$1,122,907
74$1,379,812$866,116$748,292$1,165,934
75$1,478,008$866,010$730,814$1,212,152
76$1,584,880$864,559$711,411$1,261,894
77$1,701,270$861,655$689,976$1,315,525
78$1,828,106$857,183$666,396$1,373,452
79$1,966,408$851,020$640,556$1,436,124
80$2,117,300$843,039$612,333$1,504,041
81$2,282,018$833,101$581,600$1,577,753
82$2,461,923$821,062$548,223$1,657,871
83$2,658,513$806,768$512,062$1,745,071
84$2,873,438$790,056$472,973$1,840,101
85$3,108,513$770,754$430,802$1,943,789
86$3,365,739$748,678$385,391$2,057,050
87$3,647,316$723,635$336,574$2,180,897
88$3,955,670$695,421$284,177$2,316,452
89$4,293,471$663,819$228,019$2,464,951
90$4,663,658$628,600$167,911$2,627,766
91$5,069,471$589,520$103,655$2,806,411
92$5,514,475$546,325$35,046$3,002,560
93$6,002,599$498,742$0$3,218,062
94$6,538,169$446,486$0$3,463,110
95$7,125,952$389,253$0$3,740,326
96$7,771,196$326,724$0$4,044,772
97$8,479,685$258,560$0$4,379,257
98$9,257,789$184,405$0$4,746,884
99$10,112,524$103,882$0$5,151,073
100$11,051,621$16,592$0$5,595,603