Can I retire at age 67 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$63,834$63,265$62,710$62,169$61,640$60,028
2 years$31,601$31,012$30,442$29,889$29,352$27,739
3 years$20,858$20,267$19,698$19,150$18,622$17,059
4 years$15,488$14,898$14,335$13,797$13,282$11,779
5 years$12,266$11,680$11,125$10,597$10,096$8,660
6 years$10,119$9,538$8,990$8,475$7,989$6,619
7 years$8,586$8,010$7,471$6,967$6,497$5,195
8 years$7,437$6,866$6,336$5,845$5,390$4,154
9 years$6,544$5,978$5,457$4,978$4,539$3,368
10 years$5,830$5,269$4,758$4,291$3,868$2,761
11 years$5,246$4,691$4,189$3,735$3,326$2,282
12 years$4,759$4,210$3,717$3,276$2,882$1,898
13 years$4,348$3,805$3,321$2,892$2,514$1,588
14 years$3,996$3,459$2,984$2,567$2,203$1,334
15 years$3,691$3,160$2,694$2,290$1,940$1,124
16 years$3,425$2,899$2,443$2,050$1,715$951
17 years$3,190$2,670$2,223$1,842$1,520$806
18 years$2,981$2,467$2,029$1,660$1,352$684
19 years$2,795$2,286$1,858$1,500$1,205$582
20 years$2,627$2,125$1,705$1,359$1,076$496
21 years$2,476$1,979$1,568$1,233$963$423
22 years$2,338$1,847$1,445$1,121$863$361
23 years$2,213$1,728$1,334$1,021$775$309
24 years$2,098$1,619$1,234$931$697$264
25 years$1,993$1,519$1,143$850$627$226
26 years$1,896$1,428$1,060$778$565$194
27 years$1,806$1,344$984$712$509$166
28 years$1,723$1,266$915$652$459$142
29 years$1,646$1,194$852$598$415$122
30 years$1,573$1,128$793$549$375$105
31 years$1,506$1,066$739$504$339$90
32 years$1,443$1,009$690$463$306$77
33 years$1,384$956$644$426$277$66
34 years$1,329$906$602$392$251$57
35 years$1,277$859$563$361$227$49
36 years$1,228$815$526$332$206$42
37 years$1,181$774$493$306$187$36
38 years$1,138$736$461$282$169$31
39 years$1,096$700$432$260$154$26
40 years$1,057$666$405$240$139$23
41 years$1,020$634$380$221$126$19
42 years$984$604$356$204$115$17
43 years$950$575$334$189$104$14
44 years$918$548$314$174$94$12
45 years$888$523$295$161$86$11
46 years$859$499$277$149$78$9
47 years$831$476$260$137$71$8
48 years$804$454$244$127$64$7
49 years$779$434$230$117$58$6
50 years$755$414$216$108$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $773,000, adding $2,580 every year, while hoping to spend $37,314 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: 62/27/11 Blend
66$773,000$773,000$773,000$773,000
67$854,507$813,538$801,557$905,164
68$901,965$813,700$788,707$939,569
69$953,013$812,619$774,176$972,590
70$1,007,978$810,195$757,869$1,007,707
71$1,067,219$806,321$739,684$1,045,125
72$1,131,130$800,885$719,518$1,085,069
73$1,200,143$793,767$697,261$1,127,789
74$1,274,736$784,840$672,797$1,173,561
75$1,355,431$773,969$646,008$1,222,691
76$1,442,803$761,012$616,767$1,275,518
77$1,537,484$745,816$584,944$1,332,415
78$1,640,170$728,223$550,402$1,393,796
79$1,751,624$708,063$512,997$1,460,120
80$1,872,687$685,155$472,579$1,531,893
81$2,004,284$659,311$428,994$1,609,676
82$2,147,432$630,329$382,077$1,694,089
83$2,303,251$597,996$331,657$1,785,816
84$2,472,972$562,087$277,557$1,885,615
85$2,657,951$522,365$219,590$1,994,323
86$2,859,678$478,577$157,563$2,112,868
87$3,079,796$430,458$91,272$2,242,272
88$3,320,112$377,727$20,507$2,383,666
89$3,582,614$320,086$0$2,538,300
90$3,869,493$257,223$0$2,714,012
91$4,183,160$188,805$0$2,908,861
92$4,526,268$114,482$0$3,122,150
93$4,901,741$33,885$0$3,355,772
94$5,312,796$0$0$3,611,815
95$5,762,978$0$0$3,908,443
96$6,256,189$0$0$4,244,509
97$6,796,728$0$0$4,612,883
98$7,389,327$0$0$5,016,796
99$8,039,200$0$0$5,459,811
100$8,752,089$0$0$5,945,850