Can I retire at age 67 with 795,000?

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 $795,000?

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 years$65,650$65,066$64,495$63,938$63,394$61,837
2 years$32,500$31,895$31,308$30,740$30,188$28,628
3 years$21,452$20,844$20,259$19,695$19,152$17,639
4 years$15,928$15,322$14,743$14,189$13,660$12,205
5 years$12,615$12,013$11,441$10,899$10,384$8,992
6 years$10,407$9,809$9,246$8,716$8,216$6,888
7 years$8,831$8,238$7,684$7,166$6,682$5,418
8 years$7,649$7,061$6,516$6,011$5,543$4,342
9 years$6,730$6,148$5,613$5,120$4,668$3,530
10 years$5,996$5,419$4,893$4,414$3,978$2,900
11 years$5,395$4,825$4,308$3,841$3,421$2,403
12 years$4,895$4,330$3,823$3,369$2,965$2,004
13 years$4,472$3,913$3,416$2,975$2,585$1,681
14 years$4,110$3,557$3,069$2,640$2,266$1,416
15 years$3,796$3,249$2,771$2,355$1,995$1,197
16 years$3,522$2,981$2,512$2,108$1,763$1,015
17 years$3,281$2,746$2,286$1,894$1,564$863
18 years$3,066$2,537$2,087$1,707$1,390$735
19 years$2,874$2,351$1,910$1,543$1,239$627
20 years$2,702$2,185$1,753$1,397$1,107$536
21 years$2,546$2,035$1,613$1,268$990$459
22 years$2,405$1,900$1,486$1,153$888$393
23 years$2,276$1,777$1,372$1,050$797$337
24 years$2,158$1,665$1,269$958$716$289
25 years$2,050$1,562$1,176$875$645$248
26 years$1,950$1,468$1,090$800$581$213
27 years$1,857$1,382$1,012$732$523$183
28 years$1,772$1,302$941$671$472$158
29 years$1,692$1,228$876$615$427$136
30 years$1,618$1,160$816$564$385$117
31 years$1,549$1,097$761$518$348$100
32 years$1,484$1,038$710$476$315$86
33 years$1,424$983$663$438$285$74
34 years$1,367$931$619$403$258$64
35 years$1,313$883$579$371$234$55
36 years$1,263$838$541$342$212$48
37 years$1,215$796$507$315$192$41
38 years$1,170$757$475$290$174$35
39 years$1,127$720$445$268$158$30
40 years$1,087$685$417$247$143$26
41 years$1,049$652$391$228$130$23
42 years$1,012$621$367$210$118$19
43 years$978$591$344$194$107$17
44 years$945$564$323$179$97$14
45 years$913$538$303$165$88$12
46 years$883$513$285$153$80$11
47 years$855$489$268$141$73$9
48 years$827$467$251$130$66$8
49 years$801$446$236$121$60$7
50 years$776$426$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 $795,000, adding $6,675 every year, while hoping to spend $51,273 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: 80/9/11 Blend
66$795,000$795,000$795,000$795,000
67$882,975$840,840$828,518$951,387
68$918,485$827,487$801,719$983,896
69$955,898$811,762$772,304$1,012,204
70$995,354$793,493$740,131$1,041,766
71$1,037,007$772,501$705,052$1,072,681
72$1,081,022$748,594$666,912$1,105,061
73$1,127,581$721,570$625,548$1,139,028
74$1,176,883$691,215$580,792$1,174,719
75$1,229,143$657,303$532,467$1,212,282
76$1,284,599$619,594$480,388$1,251,882
77$1,343,509$577,835$424,362$1,293,703
78$1,406,156$531,758$364,188$1,337,945
79$1,472,850$481,080$299,654$1,384,832
80$1,543,929$425,502$230,541$1,434,608
81$1,619,765$364,707$156,619$1,487,545
82$1,700,765$298,361$77,650$1,543,944
83$1,787,374$226,111$0$1,604,135
84$1,880,080$147,585$0$1,669,263
85$1,979,420$62,389$0$1,748,730
86$2,085,982$0$0$1,833,892
87$2,200,409$0$0$1,928,237
88$2,323,410$0$0$2,036,308
89$2,455,762$0$0$2,152,611
90$2,598,317$0$0$2,277,897
91$2,752,014$0$0$2,412,994
92$2,917,881$0$0$2,558,807
93$3,097,048$0$0$2,716,332
94$3,290,759$0$0$2,886,666
95$3,500,380$0$0$3,071,013
96$3,727,412$0$0$3,270,694
97$3,973,507$0$0$3,487,166
98$4,240,478$0$0$3,722,028
99$4,530,323$0$0$3,977,039
100$4,845,239$0$0$4,254,136