Can I retire at age 67 with 795,000?

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 $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%14.4%
1 years$65,650$65,066$64,495$63,938$63,394$62,242
2 years$32,500$31,895$31,308$30,740$30,188$29,031
3 years$21,452$20,844$20,259$19,695$19,152$18,027
4 years$15,928$15,322$14,743$14,189$13,660$12,574
5 years$12,615$12,013$11,441$10,899$10,384$9,342
6 years$10,407$9,809$9,246$8,716$8,216$7,219
7 years$8,831$8,238$7,684$7,166$6,682$5,729
8 years$7,649$7,061$6,516$6,011$5,543$4,635
9 years$6,730$6,148$5,613$5,120$4,668$3,804
10 years$5,996$5,419$4,893$4,414$3,978$3,157
11 years$5,395$4,825$4,308$3,841$3,421$2,642
12 years$4,895$4,330$3,823$3,369$2,965$2,227
13 years$4,472$3,913$3,416$2,975$2,585$1,888
14 years$4,110$3,557$3,069$2,640$2,266$1,607
15 years$3,796$3,249$2,771$2,355$1,995$1,374
16 years$3,522$2,981$2,512$2,108$1,763$1,178
17 years$3,281$2,746$2,286$1,894$1,564$1,013
18 years$3,066$2,537$2,087$1,707$1,390$873
19 years$2,874$2,351$1,910$1,543$1,239$754
20 years$2,702$2,185$1,753$1,397$1,107$652
21 years$2,546$2,035$1,613$1,268$990$565
22 years$2,405$1,900$1,486$1,153$888$490
23 years$2,276$1,777$1,372$1,050$797$425
24 years$2,158$1,665$1,269$958$716$370
25 years$2,050$1,562$1,176$875$645$321
26 years$1,950$1,468$1,090$800$581$280
27 years$1,857$1,382$1,012$732$523$244
28 years$1,772$1,302$941$671$472$212
29 years$1,692$1,228$876$615$427$185
30 years$1,618$1,160$816$564$385$161
31 years$1,549$1,097$761$518$348$141
32 years$1,484$1,038$710$476$315$123
33 years$1,424$983$663$438$285$107
34 years$1,367$931$619$403$258$93
35 years$1,313$883$579$371$234$82
36 years$1,263$838$541$342$212$71
37 years$1,215$796$507$315$192$62
38 years$1,170$757$475$290$174$54
39 years$1,127$720$445$268$158$47
40 years$1,087$685$417$247$143$41
41 years$1,049$652$391$228$130$36
42 years$1,012$621$367$210$118$32
43 years$978$591$344$194$107$28
44 years$945$564$323$179$97$24
45 years$913$538$303$165$88$21
46 years$883$513$285$153$80$18
47 years$855$489$268$141$73$16
48 years$827$467$251$130$66$14
49 years$801$446$236$121$60$12
50 years$776$426$222$111$54$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $795,000, adding $3,532 every year, while hoping to spend $30,319 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: 32/46/22 Blend
66$795,000$795,000$795,000$795,000
67$879,733$837,598$825,276$901,819
68$937,207$846,381$820,663$927,522
69$999,527$854,579$814,880$952,202
70$1,067,155$862,130$807,855$978,162
71$1,140,600$868,969$799,514$1,005,534
72$1,220,421$875,029$789,777$1,034,462
73$1,307,234$880,235$778,565$1,065,110
74$1,401,715$884,509$765,790$1,097,660
75$1,504,609$887,769$751,363$1,132,314
76$1,616,735$889,927$735,190$1,169,297
77$1,738,996$890,887$717,173$1,208,859
78$1,872,385$890,551$697,209$1,251,280
79$2,017,993$888,814$675,191$1,296,870
80$2,177,024$885,561$651,005$1,345,971
81$2,350,802$880,675$624,535$1,398,969
82$2,540,785$874,029$595,658$1,456,286
83$2,748,577$865,489$564,245$1,518,397
84$2,975,946$854,912$530,161$1,585,824
85$3,224,838$842,148$493,266$1,659,149
86$3,497,394$827,036$453,414$1,739,018
87$3,795,976$809,408$410,451$1,826,147
88$4,123,181$789,085$364,217$1,921,328
89$4,481,872$765,876$314,544$2,025,441
90$4,875,200$739,581$261,258$2,139,463
91$5,306,637$709,987$204,177$2,264,471
92$5,780,007$676,870$143,110$2,401,665
93$6,299,522$639,990$77,858$2,552,368
94$6,869,820$599,097$8,214$2,718,049
95$7,496,013$553,924$0$2,900,331
96$8,183,730$504,191$0$3,116,532
97$8,939,173$449,598$0$3,356,189
98$9,769,173$389,833$0$3,619,630
99$10,681,257$324,562$0$3,909,346
100$11,683,715$253,436$0$4,228,094