Can I retire at age 67 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$65,898$65,311$64,738$64,179$63,634$62,020
2 years$32,623$32,015$31,426$30,856$30,302$28,686
3 years$21,533$20,922$20,335$19,769$19,225$17,658
4 years$15,988$15,380$14,799$14,243$13,711$12,206
5 years$12,663$12,058$11,484$10,940$10,423$8,983
6 years$10,447$9,846$9,281$8,749$8,247$6,874
7 years$8,864$8,269$7,713$7,193$6,707$5,400
8 years$7,678$7,088$6,541$6,034$5,564$4,323
9 years$6,756$6,171$5,634$5,139$4,686$3,510
10 years$6,018$5,440$4,912$4,430$3,993$2,880
11 years$5,415$4,843$4,324$3,856$3,434$2,384
12 years$4,913$4,347$3,838$3,382$2,976$1,986
13 years$4,489$3,928$3,429$2,986$2,595$1,663
14 years$4,125$3,570$3,081$2,650$2,275$1,399
15 years$3,811$3,262$2,781$2,364$2,003$1,181
16 years$3,535$2,993$2,522$2,116$1,770$1,000
17 years$3,293$2,756$2,295$1,902$1,569$849
18 years$3,078$2,547$2,095$1,714$1,395$722
19 years$2,885$2,360$1,918$1,548$1,244$615
20 years$2,712$2,193$1,760$1,402$1,111$525
21 years$2,556$2,043$1,619$1,273$994$448
22 years$2,414$1,907$1,492$1,157$891$384
23 years$2,285$1,784$1,378$1,054$800$328
24 years$2,166$1,671$1,274$961$719$281
25 years$2,057$1,568$1,180$878$647$241
26 years$1,957$1,474$1,094$803$583$207
27 years$1,864$1,387$1,016$735$525$177
28 years$1,779$1,307$945$673$474$152
29 years$1,699$1,233$879$617$428$131
30 years$1,624$1,165$819$567$387$112
31 years$1,555$1,101$763$520$350$97
32 years$1,490$1,042$712$478$316$83
33 years$1,429$986$665$440$286$71
34 years$1,372$935$621$405$259$61
35 years$1,318$887$581$372$235$53
36 years$1,267$842$543$343$213$45
37 years$1,220$799$509$316$193$39
38 years$1,174$760$476$291$175$34
39 years$1,132$722$446$269$159$29
40 years$1,091$687$418$248$144$25
41 years$1,053$654$392$229$130$21
42 years$1,016$623$368$211$118$18
43 years$981$594$345$195$107$16
44 years$948$566$324$180$98$14
45 years$917$540$304$166$89$12
46 years$887$515$286$153$80$10
47 years$858$491$269$142$73$9
48 years$830$469$252$131$66$7
49 years$804$448$237$121$60$6
50 years$779$428$223$112$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $798,000, adding $3,595 every year, while hoping to spend $50,765 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: 50/26/24 Blend
66$798,000$798,000$798,000$798,000
67$883,104$840,810$828,441$921,133
68$919,167$827,996$802,180$935,139
69$957,207$812,853$773,339$944,937
70$997,373$795,213$741,775$954,554
71$1,039,824$774,898$707,344$963,994
72$1,084,739$751,720$669,893$973,265
73$1,132,308$725,481$629,260$982,379
74$1,182,743$695,969$585,280$991,353
75$1,236,273$662,961$537,777$1,000,210
76$1,293,148$626,222$486,568$1,008,978
77$1,353,645$585,503$431,464$1,017,694
78$1,418,063$540,539$372,264$1,026,403
79$1,486,732$491,051$308,761$1,035,157
80$1,560,011$436,746$240,738$1,044,022
81$1,638,297$377,310$167,967$1,053,074
82$1,722,021$312,417$90,212$1,062,403
83$1,811,659$241,717$7,225$1,072,115
84$1,907,730$164,843$0$1,082,333
85$2,010,806$81,408$0$1,114,027
86$2,121,513$0$0$1,149,862
87$2,240,539$0$0$1,190,819
88$2,368,639$0$0$1,260,024
89$2,506,641$0$0$1,334,643
90$2,655,455$0$0$1,415,174
91$2,816,083$0$0$1,502,169
92$2,989,622$0$0$1,596,230
93$3,177,281$0$0$1,698,022
94$3,380,387$0$0$1,808,274
95$3,600,398$0$0$1,927,790
96$3,838,920$0$0$2,057,450
97$4,097,717$0$0$2,198,227
98$4,378,729$0$0$2,351,186
99$4,684,089$0$0$2,517,503
100$5,016,147$0$0$2,698,469