Can I retire at age 67 with 793,000?

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 $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%16.1%
1 years$65,485$64,902$64,333$63,777$63,235$61,656
2 years$32,418$31,815$31,230$30,662$30,112$28,531
3 years$21,398$20,791$20,208$19,646$19,104$17,571
4 years$15,888$15,284$14,706$14,154$13,625$12,152
5 years$12,584$11,983$11,412$10,871$10,358$8,948
6 years$10,381$9,785$9,223$8,694$8,196$6,851
7 years$8,809$8,217$7,664$7,148$6,665$5,385
8 years$7,630$7,044$6,500$5,996$5,530$4,314
9 years$6,713$6,133$5,598$5,107$4,657$3,504
10 years$5,981$5,406$4,881$4,403$3,968$2,878
11 years$5,381$4,812$4,297$3,832$3,412$2,383
12 years$4,883$4,319$3,813$3,361$2,957$1,986
13 years$4,461$3,903$3,407$2,967$2,579$1,665
14 years$4,100$3,548$3,061$2,634$2,260$1,401
15 years$3,787$3,241$2,764$2,349$1,990$1,184
16 years$3,513$2,974$2,506$2,103$1,759$1,003
17 years$3,272$2,739$2,280$1,890$1,560$852
18 years$3,058$2,531$2,082$1,703$1,387$725
19 years$2,867$2,345$1,906$1,539$1,236$618
20 years$2,695$2,180$1,749$1,394$1,104$528
21 years$2,540$2,030$1,609$1,265$988$451
22 years$2,399$1,895$1,483$1,150$886$386
23 years$2,270$1,772$1,369$1,047$795$331
24 years$2,153$1,661$1,266$955$715$284
25 years$2,044$1,558$1,173$872$643$244
26 years$1,945$1,465$1,088$798$579$209
27 years$1,853$1,378$1,010$730$522$180
28 years$1,767$1,299$939$669$471$154
29 years$1,688$1,225$874$613$425$133
30 years$1,614$1,157$814$563$384$114
31 years$1,545$1,094$759$517$348$98
32 years$1,481$1,035$708$475$314$84
33 years$1,420$980$661$437$285$73
34 years$1,363$929$617$402$258$62
35 years$1,310$881$577$370$233$54
36 years$1,259$836$540$341$211$46
37 years$1,212$794$505$314$192$40
38 years$1,167$755$473$289$174$34
39 years$1,124$718$443$267$158$29
40 years$1,084$683$416$246$143$25
41 years$1,046$650$390$227$130$22
42 years$1,010$619$366$210$118$19
43 years$975$590$343$194$107$16
44 years$942$562$322$179$97$14
45 years$911$536$302$165$88$12
46 years$881$512$284$152$80$10
47 years$852$488$267$141$73$9
48 years$825$466$251$130$66$8
49 years$799$445$236$120$60$7
50 years$774$425$222$111$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $793,000, adding $6,128 every year, while hoping to spend $26,779 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: 86/8/6 Blend
66$793,000$793,000$793,000$793,000
67$880,207$838,178$825,887$955,151
68$941,496$850,756$825,061$1,017,500
69$1,008,138$863,053$823,310$1,081,666
70$1,080,652$875,027$820,575$1,151,311
71$1,159,608$886,632$816,794$1,226,967
72$1,245,632$897,821$811,900$1,309,222
73$1,339,414$908,542$805,827$1,398,720
74$1,441,714$918,741$798,502$1,496,171
75$1,553,368$928,358$789,851$1,602,360
76$1,675,295$937,331$779,795$1,718,146
77$1,808,509$945,594$768,251$1,844,481
78$1,954,123$953,075$755,135$1,982,408
79$2,113,367$959,699$740,355$2,133,081
80$2,287,591$965,385$723,817$2,297,766
81$2,478,284$970,047$705,423$2,477,862
82$2,687,084$973,594$685,070$2,674,908
83$2,915,797$975,930$662,650$2,890,599
84$3,166,408$976,951$638,049$3,126,803
85$3,441,108$976,548$611,150$3,385,577
86$3,742,307$974,605$581,830$3,669,191
87$4,072,660$970,998$549,958$3,980,140
88$4,435,090$965,596$515,401$4,321,178
89$4,832,820$958,261$478,018$4,695,337
90$5,269,397$948,845$437,660$5,105,958
91$5,748,729$937,191$394,175$5,556,722
92$6,275,121$923,135$347,402$6,051,686
93$6,853,315$906,501$297,172$6,595,319
94$7,488,537$887,103$243,311$7,192,546
95$8,186,541$864,745$185,635$7,848,794
96$8,953,668$839,217$123,953$8,570,042
97$9,796,903$810,299$58,067$9,362,881
98$10,723,942$777,759$0$10,234,571
99$11,743,263$741,348$0$11,193,897
100$12,864,207$700,805$0$12,252,910