Can I retire at age 67 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$63,503$62,938$62,386$61,847$61,321$60,058
2 years$31,437$30,852$30,284$29,734$29,201$27,934
3 years$20,750$20,162$19,596$19,051$18,526$17,295
4 years$15,407$14,821$14,261$13,725$13,213$12,028
5 years$12,203$11,620$11,067$10,542$10,044$8,908
6 years$10,067$9,489$8,944$8,431$7,948$6,861
7 years$8,542$7,969$7,432$6,931$6,464$5,427
8 years$7,399$6,830$6,303$5,815$5,362$4,375
9 years$6,510$5,947$5,429$4,953$4,516$3,578
10 years$5,800$5,242$4,733$4,269$3,848$2,958
11 years$5,219$4,667$4,167$3,716$3,309$2,467
12 years$4,735$4,189$3,698$3,259$2,868$2,071
13 years$4,326$3,785$3,304$2,877$2,501$1,748
14 years$3,975$3,441$2,969$2,554$2,192$1,483
15 years$3,672$3,143$2,680$2,278$1,930$1,262
16 years$3,407$2,884$2,430$2,040$1,706$1,078
17 years$3,173$2,656$2,211$1,832$1,512$923
18 years$2,966$2,454$2,019$1,651$1,345$792
19 years$2,780$2,274$1,848$1,492$1,199$681
20 years$2,614$2,114$1,696$1,351$1,071$586
21 years$2,463$1,969$1,560$1,227$958$505
22 years$2,326$1,838$1,438$1,115$859$436
23 years$2,202$1,719$1,327$1,016$771$377
24 years$2,087$1,610$1,228$926$693$326
25 years$1,983$1,511$1,137$846$624$282
26 years$1,886$1,420$1,055$774$562$244
27 years$1,797$1,337$979$708$506$212
28 years$1,714$1,260$910$649$457$184
29 years$1,637$1,188$847$595$413$159
30 years$1,565$1,122$789$546$373$138
31 years$1,498$1,061$736$501$337$120
32 years$1,436$1,004$686$461$305$104
33 years$1,377$951$641$424$276$90
34 years$1,322$901$599$390$250$78
35 years$1,270$855$560$359$226$68
36 years$1,221$811$524$331$205$59
37 years$1,175$770$490$305$186$51
38 years$1,132$732$459$281$168$45
39 years$1,090$696$430$259$153$39
40 years$1,051$662$403$239$139$34
41 years$1,014$630$378$220$126$29
42 years$979$600$355$203$114$26
43 years$946$572$333$188$104$22
44 years$914$545$312$173$94$19
45 years$883$520$293$160$85$17
46 years$854$496$275$148$77$15
47 years$827$473$259$137$70$13
48 years$800$452$243$126$64$11
49 years$775$432$229$117$58$10
50 years$751$412$215$108$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $769,000, adding $5,548 every year, while hoping to spend $58,803 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: 31/48/21 Blend
66$769,000$769,000$769,000$769,000
67$853,161$812,404$800,484$873,896
68$877,617$789,646$764,735$867,278
69$902,597$763,801$725,816$854,475
70$928,093$734,658$683,562$839,466
71$954,092$701,990$637,794$822,096
72$980,579$665,558$588,331$802,199
73$1,007,538$625,109$534,979$779,602
74$1,034,944$580,377$477,539$754,118
75$1,062,772$531,080$415,800$725,550
76$1,090,991$476,918$349,545$693,691
77$1,119,561$417,576$278,544$658,319
78$1,148,440$352,722$202,559$619,200
79$1,177,578$282,002$121,342$576,085
80$1,206,915$205,044$34,631$528,710
81$1,236,386$121,456$0$476,797
82$1,265,912$30,823$0$433,024
83$1,295,409$0$0$393,226
84$1,324,775$0$0$384,911
85$1,353,900$0$0$392,730
86$1,382,657$0$0$400,355
87$1,410,902$0$0$407,737
88$1,438,476$0$0$414,817
89$1,465,197$0$0$421,533
90$1,490,865$0$0$427,813
91$1,515,251$0$0$433,577
92$1,538,102$0$0$438,735
93$1,559,136$0$0$443,189
94$1,578,035$0$0$446,828
95$1,594,448$0$0$449,529
96$1,607,982$0$0$451,155
97$1,618,200$0$0$451,553
98$1,624,616$0$0$450,555
99$1,626,689$0$0$447,973
100$1,623,819$0$0$443,599