Can I retire at age 67 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$65,568$64,984$64,414$63,858$63,315$62,995
2 years$32,459$31,855$31,269$30,701$30,150$29,827
3 years$21,425$20,817$20,233$19,670$19,128$18,813
4 years$15,908$15,303$14,724$14,171$13,642$13,336
5 years$12,599$11,998$11,427$10,885$10,371$10,075
6 years$10,394$9,797$9,235$8,705$8,206$7,921
7 years$8,820$8,228$7,674$7,157$6,674$6,400
8 years$7,639$7,053$6,508$6,004$5,536$5,273
9 years$6,722$6,141$5,605$5,114$4,663$4,410
10 years$5,988$5,413$4,887$4,408$3,973$3,731
11 years$5,388$4,818$4,302$3,836$3,417$3,186
12 years$4,889$4,325$3,818$3,365$2,961$2,740
13 years$4,466$3,908$3,411$2,971$2,582$2,371
14 years$4,105$3,553$3,065$2,637$2,263$2,063
15 years$3,791$3,245$2,767$2,352$1,993$1,802
16 years$3,518$2,978$2,509$2,106$1,761$1,580
17 years$3,276$2,742$2,283$1,892$1,562$1,389
18 years$3,062$2,534$2,084$1,705$1,389$1,225
19 years$2,871$2,348$1,908$1,541$1,238$1,083
20 years$2,699$2,182$1,751$1,395$1,105$959
21 years$2,543$2,033$1,611$1,266$989$851
22 years$2,402$1,897$1,484$1,151$887$756
23 years$2,273$1,775$1,371$1,049$796$672
24 years$2,155$1,663$1,268$956$715$599
25 years$2,047$1,560$1,174$873$644$534
26 years$1,947$1,467$1,089$799$580$477
27 years$1,855$1,380$1,011$731$523$426
28 years$1,770$1,301$940$670$472$381
29 years$1,690$1,227$875$614$426$340
30 years$1,616$1,159$815$564$385$305
31 years$1,547$1,095$760$518$348$273
32 years$1,483$1,036$709$476$315$244
33 years$1,422$981$662$438$285$219
34 years$1,365$930$618$403$258$196
35 years$1,312$882$578$371$234$176
36 years$1,261$837$541$341$212$158
37 years$1,213$795$506$314$192$142
38 years$1,168$756$474$290$174$127
39 years$1,126$719$444$267$158$114
40 years$1,086$684$416$247$143$102
41 years$1,047$651$390$227$130$92
42 years$1,011$620$366$210$118$83
43 years$976$591$344$194$107$74
44 years$943$563$322$179$97$67
45 years$912$537$303$165$88$60
46 years$882$512$284$153$80$54
47 years$854$489$267$141$73$48
48 years$826$467$251$130$66$43
49 years$800$446$236$120$60$39
50 years$775$426$222$111$54$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $794,000, adding $4,746 every year, while hoping to spend $49,132 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: 74/14/12 Blend
66$794,000$794,000$794,000$794,000
67$879,883$837,801$825,494$942,522
68$917,356$826,578$800,872$973,315
69$957,003$813,157$773,779$1,000,458
70$998,996$797,381$744,079$1,028,849
71$1,043,520$779,079$711,632$1,058,597
72$1,090,779$758,073$676,292$1,089,823
73$1,140,993$734,174$637,902$1,122,662
74$1,194,407$707,181$596,304$1,157,263
75$1,251,285$676,881$551,329$1,193,790
76$1,311,919$643,051$502,802$1,232,425
77$1,376,627$605,453$450,538$1,273,372
78$1,445,758$563,836$394,346$1,316,855
79$1,519,696$517,934$334,027$1,363,121
80$1,598,858$467,466$269,371$1,412,447
81$1,683,707$412,137$200,159$1,465,136
82$1,774,745$351,632$126,165$1,521,526
83$1,872,527$285,620$47,150$1,581,991
84$1,977,661$213,751$0$1,646,944
85$2,090,814$135,656$0$1,721,604
86$2,212,718$50,945$0$1,808,469
87$2,344,179$0$0$1,902,091
88$2,486,081$0$0$2,009,413
89$2,639,394$0$0$2,133,872
90$2,805,188$0$0$2,268,490
91$2,984,634$0$0$2,414,224
92$3,179,023$0$0$2,572,124
93$3,389,773$0$0$2,743,347
94$3,618,445$0$0$2,929,165
95$3,866,752$0$0$3,130,974
96$4,136,583$0$0$3,350,314
97$4,430,012$0$0$3,588,875
98$4,749,324$0$0$3,848,520
99$5,097,029$0$0$4,131,297
100$5,475,894$0$0$4,439,459