Can I retire at age 67 with 798,000?

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 $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%17.7%
1 years$65,898$65,311$64,738$64,179$63,634$61,646
2 years$32,623$32,015$31,426$30,856$30,302$28,317
3 years$21,533$20,922$20,335$19,769$19,225$17,305
4 years$15,988$15,380$14,799$14,243$13,711$11,871
5 years$12,663$12,058$11,484$10,940$10,423$8,668
6 years$10,447$9,846$9,281$8,749$8,247$6,579
7 years$8,864$8,269$7,713$7,193$6,707$5,125
8 years$7,678$7,088$6,541$6,034$5,564$4,067
9 years$6,756$6,171$5,634$5,139$4,686$3,272
10 years$6,018$5,440$4,912$4,430$3,993$2,660
11 years$5,415$4,843$4,324$3,856$3,434$2,180
12 years$4,913$4,347$3,838$3,382$2,976$1,798
13 years$4,489$3,928$3,429$2,986$2,595$1,491
14 years$4,125$3,570$3,081$2,650$2,275$1,241
15 years$3,811$3,262$2,781$2,364$2,003$1,037
16 years$3,535$2,993$2,522$2,116$1,770$868
17 years$3,293$2,756$2,295$1,902$1,569$729
18 years$3,078$2,547$2,095$1,714$1,395$613
19 years$2,885$2,360$1,918$1,548$1,244$517
20 years$2,712$2,193$1,760$1,402$1,111$436
21 years$2,556$2,043$1,619$1,273$994$368
22 years$2,414$1,907$1,492$1,157$891$311
23 years$2,285$1,784$1,378$1,054$800$263
24 years$2,166$1,671$1,274$961$719$223
25 years$2,057$1,568$1,180$878$647$189
26 years$1,957$1,474$1,094$803$583$160
27 years$1,864$1,387$1,016$735$525$136
28 years$1,779$1,307$945$673$474$115
29 years$1,699$1,233$879$617$428$98
30 years$1,624$1,165$819$567$387$83
31 years$1,555$1,101$763$520$350$70
32 years$1,490$1,042$712$478$316$60
33 years$1,429$986$665$440$286$51
34 years$1,372$935$621$405$259$43
35 years$1,318$887$581$372$235$36
36 years$1,267$842$543$343$213$31
37 years$1,220$799$509$316$193$26
38 years$1,174$760$476$291$175$22
39 years$1,132$722$446$269$159$19
40 years$1,091$687$418$248$144$16
41 years$1,053$654$392$229$130$14
42 years$1,016$623$368$211$118$12
43 years$981$594$345$195$107$10
44 years$948$566$324$180$98$8
45 years$917$540$304$166$89$7
46 years$887$515$286$153$80$6
47 years$858$491$269$142$73$5
48 years$830$469$252$131$66$4
49 years$804$448$237$121$60$4
50 years$779$428$223$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $798,000, adding $3,550 every year, while hoping to spend $43,318 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: 57/27/16 Blend
66$798,000$798,000$798,000$798,000
67$883,058$840,764$828,395$929,516
68$927,040$835,871$810,056$956,542
69$974,056$829,287$789,651$980,947
70$1,024,370$820,883$767,065$1,006,551
71$1,078,272$810,522$742,177$1,033,478
72$1,136,078$798,060$714,863$1,061,864
73$1,198,137$783,344$684,990$1,091,864
74$1,264,830$766,211$652,420$1,123,648
75$1,336,578$746,490$617,011$1,157,409
76$1,413,839$723,999$578,612$1,193,359
77$1,497,121$698,545$537,065$1,231,735
78$1,586,978$669,925$492,208$1,272,801
79$1,684,021$637,922$443,868$1,316,852
80$1,788,920$602,309$391,867$1,364,215
81$1,902,413$562,845$336,017$1,415,253
82$2,025,309$519,274$276,123$1,470,371
83$2,158,499$471,327$211,982$1,530,018
84$2,302,963$418,719$143,380$1,594,695
85$2,459,777$361,148$70,095$1,664,955
86$2,630,126$298,297$0$1,741,414
87$2,815,314$229,828$0$1,826,142
88$3,016,774$155,388$0$1,931,371
89$3,236,084$74,600$0$2,046,007
90$3,474,978$0$0$2,171,028
91$3,735,367$0$0$2,311,356
92$4,019,352$0$0$2,488,638
93$4,329,249$0$0$2,682,159
94$4,667,602$0$0$2,893,520
95$5,037,215$0$0$3,124,480
96$5,441,175$0$0$3,376,976
97$5,882,879$0$0$3,653,141
98$6,366,067$0$0$3,955,324
99$6,894,860$0$0$4,286,111
100$7,473,793$0$0$4,648,350