Can I retire at age 67 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$63,668$63,101$62,548$62,008$61,481$59,370
2 years$31,519$30,932$30,363$29,812$29,276$27,172
3 years$20,804$20,214$19,647$19,101$18,574$16,541
4 years$15,447$14,860$14,298$13,761$13,247$11,302
5 years$12,234$11,650$11,096$10,570$10,070$8,217
6 years$10,093$9,513$8,967$8,453$7,968$6,209
7 years$8,564$7,989$7,452$6,949$6,480$4,815
8 years$7,418$6,848$6,320$5,830$5,376$3,803
9 years$6,527$5,963$5,443$4,966$4,527$3,045
10 years$5,815$5,256$4,745$4,280$3,858$2,463
11 years$5,232$4,679$4,178$3,725$3,318$2,008
12 years$4,747$4,200$3,708$3,268$2,875$1,647
13 years$4,337$3,795$3,313$2,885$2,507$1,358
14 years$3,986$3,450$2,976$2,561$2,198$1,125
15 years$3,682$3,151$2,687$2,284$1,935$934
16 years$3,416$2,891$2,436$2,045$1,710$778
17 years$3,182$2,663$2,217$1,837$1,516$649
18 years$2,973$2,461$2,024$1,656$1,348$543
19 years$2,788$2,280$1,853$1,496$1,202$455
20 years$2,620$2,119$1,700$1,355$1,073$381
21 years$2,469$1,974$1,564$1,230$961$320
22 years$2,332$1,842$1,441$1,118$861$269
23 years$2,207$1,723$1,331$1,018$773$226
24 years$2,093$1,615$1,231$929$695$190
25 years$1,988$1,515$1,140$848$625$160
26 years$1,891$1,424$1,057$776$563$135
27 years$1,801$1,340$982$710$508$113
28 years$1,718$1,263$913$650$458$96
29 years$1,641$1,191$849$596$414$81
30 years$1,569$1,125$791$547$374$68
31 years$1,502$1,064$738$503$338$57
32 years$1,440$1,006$688$462$306$48
33 years$1,381$953$643$425$277$41
34 years$1,325$903$600$391$250$34
35 years$1,274$857$561$360$227$29
36 years$1,225$813$525$331$206$24
37 years$1,178$772$491$305$186$21
38 years$1,135$734$460$281$169$17
39 years$1,093$698$431$260$153$15
40 years$1,054$664$404$239$139$12
41 years$1,017$632$379$221$126$10
42 years$982$602$355$204$114$9
43 years$948$574$334$188$104$7
44 years$916$547$313$174$94$6
45 years$886$521$294$160$86$5
46 years$857$497$276$148$78$4
47 years$829$475$259$137$71$4
48 years$802$453$244$127$64$3
49 years$777$433$229$117$58$3
50 years$753$413$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $771,000, adding $6,901 every year, while hoping to spend $28,043 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: 62/17/21 Blend
66$771,000$771,000$771,000$771,000
67$856,760$815,897$803,947$904,797
68$914,312$826,039$801,042$948,202
69$976,795$835,737$797,099$991,840
70$1,044,681$844,942$792,055$1,038,845
71$1,118,492$853,597$785,842$1,089,549
72$1,198,799$861,645$778,389$1,144,317
73$1,286,234$869,023$769,623$1,203,553
74$1,381,490$875,665$759,465$1,267,702
75$1,485,330$881,500$747,835$1,337,255
76$1,598,594$886,454$734,648$1,412,755
77$1,722,206$890,446$719,814$1,494,798
78$1,857,184$893,390$703,241$1,584,047
79$2,004,648$895,198$684,830$1,681,228
80$2,165,832$895,772$664,482$1,787,144
81$2,342,092$895,011$642,088$1,902,684
82$2,534,925$892,805$617,537$2,028,824
83$2,745,975$889,041$590,712$2,166,643
84$2,977,056$883,595$561,493$2,317,331
85$3,230,164$876,339$529,751$2,482,203
86$3,507,496$867,135$495,353$2,662,705
87$3,811,473$855,838$458,160$2,860,437
88$4,144,762$842,293$418,027$3,077,161
89$4,510,299$826,336$374,802$3,314,821
90$4,911,318$807,795$328,326$3,575,561
91$5,351,381$786,485$278,433$3,861,747
92$5,834,412$762,214$224,951$4,175,989
93$6,364,734$734,774$167,699$4,521,163
94$6,947,108$703,949$106,489$4,900,442
95$7,586,780$669,509$41,122$5,317,328
96$8,289,526$631,210$0$5,775,680
97$9,061,713$588,794$0$6,286,171
98$9,910,352$541,990$0$6,857,329
99$10,843,169$490,509$0$7,485,156
100$11,868,676$434,047$0$8,175,414