Can I retire at age 67 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$64,742$64,165$63,603$63,053$62,517$62,123
2 years$32,050$31,454$30,875$30,314$29,770$29,373
3 years$21,155$20,555$19,978$19,423$18,887$18,499
4 years$15,708$15,110$14,539$13,993$13,471$13,094
5 years$12,441$11,847$11,283$10,748$10,240$9,876
6 years$10,263$9,674$9,118$8,595$8,103$7,752
7 years$8,709$8,124$7,577$7,067$6,590$6,253
8 years$7,543$6,964$6,426$5,928$5,467$5,144
9 years$6,637$6,063$5,535$5,049$4,604$4,294
10 years$5,913$5,344$4,825$4,353$3,923$3,627
11 years$5,320$4,758$4,248$3,788$3,374$3,091
12 years$4,827$4,270$3,770$3,323$2,924$2,654
13 years$4,410$3,859$3,368$2,933$2,549$2,292
14 years$4,053$3,508$3,027$2,604$2,235$1,990
15 years$3,744$3,204$2,733$2,322$1,968$1,735
16 years$3,473$2,940$2,477$2,079$1,739$1,518
17 years$3,235$2,708$2,254$1,868$1,542$1,332
18 years$3,024$2,502$2,058$1,684$1,371$1,172
19 years$2,835$2,319$1,884$1,521$1,222$1,034
20 years$2,665$2,155$1,729$1,378$1,092$914
21 years$2,511$2,007$1,590$1,250$977$809
22 years$2,372$1,874$1,466$1,137$876$717
23 years$2,244$1,752$1,353$1,035$786$636
24 years$2,128$1,642$1,252$944$706$566
25 years$2,021$1,541$1,159$862$636$503
26 years$1,923$1,448$1,075$789$573$448
27 years$1,832$1,363$998$722$516$399
28 years$1,747$1,284$928$661$466$356
29 years$1,669$1,211$864$606$421$318
30 years$1,596$1,144$805$557$380$284
31 years$1,528$1,082$750$511$344$253
32 years$1,464$1,023$700$470$311$226
33 years$1,404$969$653$432$281$202
34 years$1,348$919$610$397$255$181
35 years$1,295$871$571$366$231$162
36 years$1,245$827$534$337$209$145
37 years$1,198$785$500$311$189$130
38 years$1,154$746$468$286$172$116
39 years$1,112$710$438$264$156$104
40 years$1,072$675$411$243$141$93
41 years$1,034$643$385$225$128$83
42 years$998$612$361$207$116$75
43 years$964$583$339$191$106$67
44 years$932$556$318$177$96$60
45 years$901$530$299$163$87$54
46 years$871$506$281$151$79$48
47 years$843$483$264$139$72$43
48 years$816$461$248$129$65$39
49 years$790$440$233$119$59$35
50 years$765$420$219$110$54$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $784,000, adding $3,641 every year, while hoping to spend $24,166 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: 50/42/8 Blend
66$784,000$784,000$784,000$784,000
67$867,724$826,172$814,020$909,135
68$930,519$840,942$815,577$952,559
69$998,910$855,625$816,376$996,838
70$1,073,441$870,193$816,367$1,044,384
71$1,154,712$884,613$815,496$1,095,510
72$1,243,384$898,851$813,706$1,150,559
73$1,340,184$912,869$810,940$1,209,911
74$1,445,911$926,628$807,135$1,273,985
75$1,561,447$940,086$802,228$1,343,241
76$1,687,762$953,197$796,149$1,418,189
77$1,825,922$965,913$788,829$1,499,390
78$1,977,105$978,180$780,193$1,587,461
79$2,142,603$989,945$770,163$1,683,087
80$2,323,843$1,001,147$758,658$1,787,019
81$2,522,394$1,011,722$745,592$1,900,087
82$2,739,985$1,021,604$730,876$2,023,206
83$2,978,521$1,030,719$714,418$2,157,388
84$3,240,097$1,038,991$696,118$2,303,743
85$3,527,023$1,046,339$675,874$2,463,502
86$3,841,844$1,052,674$653,581$2,638,018
87$4,187,361$1,057,904$629,125$2,828,785
88$4,566,661$1,061,930$602,389$3,037,452
89$4,983,144$1,064,648$573,252$3,265,833
90$5,440,554$1,065,945$541,586$3,515,935
91$5,943,017$1,065,703$507,256$3,789,967
92$6,495,079$1,063,797$470,123$4,090,365
93$7,101,746$1,060,092$430,041$4,419,819
94$7,768,535$1,054,447$386,858$4,781,293
95$8,501,522$1,046,711$340,415$5,178,056
96$9,307,403$1,036,725$290,544$5,613,712
97$10,193,553$1,024,320$237,072$6,092,237
98$11,168,099$1,009,316$179,818$6,618,016
99$12,239,996$991,523$118,592$7,195,882
100$13,419,107$970,740$53,197$7,831,166