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%14.9%
1 years$65,568$64,984$64,414$63,858$63,315$62,036
2 years$32,459$31,855$31,269$30,701$30,150$28,868
3 years$21,425$20,817$20,233$19,670$19,128$17,882
4 years$15,908$15,303$14,724$14,171$13,642$12,442
5 years$12,599$11,998$11,427$10,885$10,371$9,219
6 years$10,394$9,797$9,235$8,705$8,206$7,105
7 years$8,820$8,228$7,674$7,157$6,674$5,623
8 years$7,639$7,053$6,508$6,004$5,536$4,536
9 years$6,722$6,141$5,605$5,114$4,663$3,712
10 years$5,988$5,413$4,887$4,408$3,973$3,070
11 years$5,388$4,818$4,302$3,836$3,417$2,562
12 years$4,889$4,325$3,818$3,365$2,961$2,152
13 years$4,466$3,908$3,411$2,971$2,582$1,818
14 years$4,105$3,553$3,065$2,637$2,263$1,543
15 years$3,791$3,245$2,767$2,352$1,993$1,315
16 years$3,518$2,978$2,509$2,106$1,761$1,123
17 years$3,276$2,742$2,283$1,892$1,562$963
18 years$3,062$2,534$2,084$1,705$1,389$827
19 years$2,871$2,348$1,908$1,541$1,238$711
20 years$2,699$2,182$1,751$1,395$1,105$613
21 years$2,543$2,033$1,611$1,266$989$529
22 years$2,402$1,897$1,484$1,151$887$457
23 years$2,273$1,775$1,371$1,049$796$395
24 years$2,155$1,663$1,268$956$715$342
25 years$2,047$1,560$1,174$873$644$296
26 years$1,947$1,467$1,089$799$580$257
27 years$1,855$1,380$1,011$731$523$223
28 years$1,770$1,301$940$670$472$193
29 years$1,690$1,227$875$614$426$168
30 years$1,616$1,159$815$564$385$146
31 years$1,547$1,095$760$518$348$126
32 years$1,483$1,036$709$476$315$110
33 years$1,422$981$662$438$285$95
34 years$1,365$930$618$403$258$83
35 years$1,312$882$578$371$234$72
36 years$1,261$837$541$341$212$63
37 years$1,213$795$506$314$192$55
38 years$1,168$756$474$290$174$47
39 years$1,126$719$444$267$158$41
40 years$1,086$684$416$247$143$36
41 years$1,047$651$390$227$130$31
42 years$1,011$620$366$210$118$27
43 years$976$591$344$194$107$24
44 years$943$563$322$179$97$21
45 years$912$537$303$165$88$18
46 years$882$512$284$153$80$16
47 years$854$489$267$141$73$14
48 years$826$467$251$130$66$12
49 years$800$446$236$120$60$10
50 years$775$426$222$111$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $794,000, adding $3,967 every year, while hoping to spend $41,268 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: 70/16/14 Blend
66$794,000$794,000$794,000$794,000
67$879,080$836,998$824,691$937,585
68$924,837$834,102$808,409$974,069
69$973,879$829,681$790,199$1,008,639
70$1,026,496$823,617$769,952$1,045,400
71$1,083,008$815,784$747,555$1,084,562
72$1,143,766$806,049$722,890$1,126,356
73$1,209,157$794,271$695,833$1,171,037
74$1,279,601$780,301$666,254$1,218,889
75$1,355,565$763,981$634,018$1,270,225
76$1,437,559$745,142$598,984$1,325,388
77$1,526,144$723,608$561,004$1,384,761
78$1,621,936$699,190$519,922$1,448,766
79$1,725,612$671,689$475,579$1,517,869
80$1,837,919$640,895$427,804$1,592,584
81$1,959,673$606,586$376,423$1,673,481
82$2,091,777$568,526$321,250$1,761,189
83$2,235,220$526,465$262,094$1,856,401
84$2,391,092$480,142$198,753$1,959,886
85$2,560,591$429,276$131,019$2,072,490
86$2,745,035$373,575$58,672$2,195,150
87$2,945,876$312,727$0$2,328,901
88$3,164,709$246,404$0$2,477,652
89$3,403,291$174,260$0$2,649,429
90$3,663,555$95,928$0$2,836,889
91$3,947,630$11,021$0$3,041,607
92$4,257,859$0$0$3,265,323
93$4,596,819$0$0$3,524,191
94$4,967,349$0$0$3,809,331
95$5,372,576$0$0$4,121,215
96$5,815,940$0$0$4,462,496
97$6,301,232$0$0$4,836,097
98$6,832,623$0$0$5,245,235
99$7,414,710$0$0$5,693,454
100$8,052,551$0$0$6,184,658