Can I retire at age 67 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$64,247$63,674$63,116$62,571$62,039$61,442
2 years$31,805$31,213$30,639$30,082$29,542$28,941
3 years$20,993$20,398$19,825$19,274$18,743$18,156
4 years$15,588$14,995$14,428$13,886$13,368$12,799
5 years$12,346$11,756$11,197$10,666$10,162$9,614
6 years$10,185$9,600$9,048$8,529$8,041$7,514
7 years$8,642$8,062$7,519$7,012$6,539$6,034
8 years$7,485$6,910$6,377$5,883$5,425$4,941
9 years$6,586$6,017$5,492$5,011$4,569$4,106
10 years$5,867$5,303$4,788$4,319$3,893$3,451
11 years$5,280$4,721$4,216$3,759$3,348$2,926
12 years$4,790$4,238$3,741$3,297$2,901$2,500
13 years$4,376$3,830$3,343$2,911$2,530$2,148
14 years$4,022$3,481$3,003$2,584$2,218$1,855
15 years$3,715$3,180$2,712$2,304$1,953$1,609
16 years$3,447$2,918$2,458$2,063$1,726$1,400
17 years$3,210$2,687$2,237$1,854$1,530$1,222
18 years$3,000$2,483$2,042$1,671$1,361$1,069
19 years$2,813$2,301$1,870$1,510$1,213$937
20 years$2,644$2,138$1,716$1,367$1,083$824
21 years$2,492$1,992$1,578$1,241$969$725
22 years$2,353$1,859$1,455$1,128$869$639
23 years$2,227$1,739$1,343$1,028$780$563
24 years$2,112$1,629$1,242$937$701$498
25 years$2,006$1,529$1,150$856$631$440
26 years$1,908$1,437$1,067$783$568$389
27 years$1,818$1,352$991$716$512$345
28 years$1,734$1,274$921$656$462$305
29 years$1,656$1,202$857$602$417$271
30 years$1,584$1,135$798$552$377$240
31 years$1,516$1,073$744$507$341$213
32 years$1,453$1,016$694$466$308$189
33 years$1,393$962$648$429$279$168
34 years$1,338$911$606$394$253$149
35 years$1,285$865$566$363$229$133
36 years$1,236$821$530$334$207$118
37 years$1,189$779$496$308$188$105
38 years$1,145$741$464$284$170$93
39 years$1,103$704$435$262$155$83
40 years$1,064$670$408$242$140$74
41 years$1,026$638$382$223$127$66
42 years$991$607$359$206$115$58
43 years$957$579$337$190$105$52
44 years$924$552$316$175$95$46
45 years$894$526$297$162$86$41
46 years$864$502$279$150$78$37
47 years$836$479$262$138$71$33
48 years$810$457$246$128$65$29
49 years$784$437$231$118$59$26
50 years$760$417$217$109$53$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $778,000, adding $6,226 every year, while hoping to spend $56,957 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: 31/41/28 Blend
66$778,000$778,000$778,000$778,000
67$863,778$822,544$810,485$882,998
68$891,282$802,247$777,035$878,078
69$919,682$779,046$740,554$867,362
70$949,009$752,740$700,883$854,707
71$979,297$723,113$657,852$839,984
72$1,010,580$689,939$611,284$823,055
73$1,042,892$652,979$560,995$803,776
74$1,076,270$611,979$506,792$781,996
75$1,110,754$566,670$448,473$757,554
76$1,146,383$516,770$385,830$730,281
77$1,183,200$461,977$318,641$699,999
78$1,221,249$401,977$246,678$666,521
79$1,260,576$336,433$169,701$629,650
80$1,301,229$264,992$87,460$589,177
81$1,343,259$187,281$0$544,884
82$1,386,719$102,906$0$496,632
83$1,431,665$11,449$0$471,979
84$1,478,156$0$0$444,598
85$1,526,253$0$0$453,800
86$1,576,022$0$0$468,672
87$1,627,532$0$0$484,073
88$1,680,854$0$0$500,023
89$1,736,065$0$0$516,547
90$1,793,247$0$0$533,671
91$1,852,484$0$0$551,421
92$1,913,868$0$0$569,826
93$1,977,494$0$0$588,917
94$2,043,466$0$0$608,725
95$2,111,890$0$0$629,285
96$2,182,884$0$0$650,634
97$2,256,570$0$0$672,812
98$2,333,080$0$0$695,860
99$2,412,553$0$0$719,823
100$2,495,140$0$0$744,749