Can I retire at age 67 with 786,000?

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 $786,000?

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$64,907$64,329$63,765$63,214$62,677$61,038
2 years$32,132$31,534$30,954$30,392$29,846$28,206
3 years$21,209$20,608$20,029$19,472$18,936$17,346
4 years$15,748$15,149$14,576$14,029$13,505$11,978
5 years$12,472$11,877$11,312$10,775$10,266$8,806
6 years$10,289$9,698$9,142$8,617$8,123$6,731
7 years$8,731$8,145$7,597$7,085$6,606$5,282
8 years$7,562$6,981$6,443$5,943$5,481$4,224
9 years$6,654$6,079$5,549$5,062$4,616$3,425
10 years$5,928$5,358$4,838$4,364$3,933$2,807
11 years$5,334$4,770$4,259$3,798$3,382$2,320
12 years$4,839$4,281$3,780$3,331$2,931$1,930
13 years$4,421$3,869$3,377$2,941$2,556$1,614
14 years$4,063$3,517$3,034$2,611$2,240$1,356
15 years$3,753$3,213$2,740$2,328$1,973$1,143
16 years$3,482$2,948$2,484$2,085$1,743$967
17 years$3,243$2,715$2,260$1,873$1,546$819
18 years$3,031$2,508$2,063$1,688$1,375$696
19 years$2,842$2,325$1,889$1,525$1,225$592
20 years$2,671$2,160$1,733$1,381$1,094$504
21 years$2,517$2,012$1,594$1,254$979$430
22 years$2,378$1,878$1,469$1,140$878$367
23 years$2,250$1,757$1,357$1,038$788$314
24 years$2,134$1,646$1,255$947$708$269
25 years$2,026$1,545$1,162$865$637$230
26 years$1,928$1,452$1,078$791$574$197
27 years$1,836$1,366$1,001$724$518$169
28 years$1,752$1,287$930$663$467$145
29 years$1,673$1,215$866$608$422$124
30 years$1,600$1,147$807$558$381$106
31 years$1,532$1,084$752$512$344$91
32 years$1,468$1,026$702$471$312$78
33 years$1,408$972$655$433$282$67
34 years$1,351$921$612$399$255$58
35 years$1,298$873$572$367$231$49
36 years$1,248$829$535$338$210$42
37 years$1,201$787$501$311$190$36
38 years$1,157$748$469$287$172$31
39 years$1,115$712$440$265$156$27
40 years$1,075$677$412$244$142$23
41 years$1,037$644$386$225$128$20
42 years$1,001$614$362$208$117$17
43 years$966$585$340$192$106$15
44 years$934$557$319$177$96$13
45 years$903$532$300$164$87$11
46 years$873$507$282$151$79$9
47 years$845$484$264$140$72$8
48 years$818$462$249$129$65$7
49 years$792$441$234$119$59$6
50 years$767$421$220$110$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $786,000, adding $4,640 every year, while hoping to spend $34,131 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: 78/7/15 Blend
66$786,000$786,000$786,000$786,000
67$870,958$829,300$817,117$935,789
68$923,481$833,621$808,175$983,484
69$980,217$837,009$797,790$1,030,991
70$1,041,560$839,384$785,877$1,082,151
71$1,107,943$840,657$772,348$1,137,314
72$1,179,841$840,738$757,110$1,196,869
73$1,257,779$839,527$740,067$1,261,244
74$1,342,330$836,922$721,116$1,330,909
75$1,434,127$832,811$700,154$1,406,384
76$1,533,866$827,077$677,067$1,488,241
77$1,642,313$819,596$651,741$1,577,111
78$1,760,309$810,236$624,055$1,673,689
79$1,888,781$798,858$593,881$1,778,743
80$2,028,748$785,313$561,087$1,893,116
81$2,181,331$769,445$525,535$2,017,740
82$2,347,767$751,087$487,080$2,153,642
83$2,529,412$730,064$445,571$2,301,955
84$2,727,765$706,190$400,849$2,463,924
85$2,944,470$679,266$352,751$2,640,927
86$3,181,341$649,085$301,103$2,834,480
87$3,440,373$615,426$245,726$3,046,254
88$3,723,765$578,056$186,432$3,278,091
89$4,033,936$536,727$123,024$3,532,024
90$4,373,550$491,180$55,298$3,810,293
91$4,745,542$441,137$0$4,115,364
92$5,153,142$386,308$0$4,452,679
93$5,599,910$326,384$0$4,832,141
94$6,089,764$261,040$0$5,248,235
95$6,627,021$189,932$0$5,704,647
96$7,216,435$112,697$0$6,205,435
97$7,863,243$28,951$0$6,755,074
98$8,573,215$0$0$7,358,491
99$9,352,702$0$0$8,025,870
100$10,208,705$0$0$8,761,236