Can I retire at age 67 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$65,155$64,575$64,008$63,456$62,916$60,878
2 years$32,255$31,654$31,072$30,508$29,960$27,926
3 years$21,290$20,686$20,106$19,546$19,008$17,041
4 years$15,808$15,207$14,632$14,082$13,557$11,673
5 years$12,520$11,922$11,355$10,816$10,305$8,509
6 years$10,329$9,735$9,176$8,650$8,154$6,448
7 years$8,764$8,176$7,626$7,112$6,632$5,014
8 years$7,591$7,008$6,467$5,966$5,502$3,972
9 years$6,679$6,102$5,570$5,082$4,633$3,190
10 years$5,950$5,378$4,856$4,380$3,948$2,588
11 years$5,354$4,788$4,275$3,812$3,395$2,117
12 years$4,858$4,298$3,794$3,344$2,942$1,743
13 years$4,438$3,884$3,390$2,952$2,566$1,442
14 years$4,079$3,530$3,046$2,621$2,249$1,198
15 years$3,768$3,225$2,750$2,337$1,980$999
16 years$3,496$2,959$2,493$2,093$1,750$835
17 years$3,256$2,725$2,269$1,880$1,552$699
18 years$3,043$2,518$2,071$1,694$1,380$587
19 years$2,853$2,334$1,896$1,531$1,230$493
20 years$2,682$2,169$1,740$1,387$1,098$415
21 years$2,527$2,020$1,600$1,258$983$350
22 years$2,387$1,885$1,475$1,144$881$295
23 years$2,259$1,763$1,362$1,042$791$249
24 years$2,142$1,652$1,260$950$711$210
25 years$2,034$1,551$1,167$868$640$178
26 years$1,935$1,457$1,082$794$576$150
27 years$1,843$1,371$1,005$726$520$127
28 years$1,759$1,292$934$666$469$107
29 years$1,680$1,219$869$610$423$91
30 years$1,606$1,151$810$560$382$77
31 years$1,537$1,088$755$514$346$65
32 years$1,473$1,030$704$473$313$55
33 years$1,413$975$658$435$283$47
34 years$1,356$924$614$400$256$40
35 years$1,303$877$574$368$232$34
36 years$1,253$832$537$339$210$28
37 years$1,206$790$503$312$191$24
38 years$1,161$751$471$288$173$20
39 years$1,119$714$441$266$157$17
40 years$1,079$680$414$245$142$15
41 years$1,041$647$388$226$129$12
42 years$1,005$616$364$209$117$10
43 years$970$587$341$193$106$9
44 years$937$560$320$178$96$8
45 years$906$534$301$164$88$6
46 years$877$509$283$152$79$5
47 years$848$486$265$140$72$5
48 years$821$464$249$129$66$4
49 years$795$443$234$120$60$3
50 years$770$423$220$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $789,000, adding $5,948 every year, while hoping to spend $49,330 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: 67/28/5 Blend
66$789,000$789,000$789,000$789,000
67$875,613$833,796$821,567$933,344
68$912,439$822,166$796,603$960,736
69$951,368$808,312$769,149$984,129
70$992,562$792,073$739,070$1,008,364
71$1,036,199$773,280$706,224$1,033,513
72$1,082,472$751,752$670,463$1,059,658
73$1,131,593$727,297$631,633$1,086,894
74$1,183,794$699,713$589,571$1,115,322
75$1,239,328$668,786$544,109$1,145,059
76$1,298,472$634,289$495,069$1,176,233
77$1,361,530$595,983$442,268$1,208,989
78$1,428,835$553,615$385,512$1,243,488
79$1,500,749$506,916$324,600$1,279,910
80$1,577,674$455,603$259,323$1,318,456
81$1,660,046$399,376$189,459$1,359,351
82$1,748,346$337,921$114,781$1,402,844
83$1,843,100$270,902$35,049$1,449,213
84$1,944,886$197,966$0$1,498,770
85$2,054,339$118,741$0$1,554,528
86$2,172,155$32,833$0$1,616,373
87$2,299,099$0$0$1,682,875
88$2,436,010$0$0$1,773,067
89$2,583,812$0$0$1,881,390
90$2,743,519$0$0$1,998,479
91$2,916,245$0$0$2,125,153
92$3,103,215$0$0$2,262,318
93$3,305,776$0$0$2,410,966
94$3,525,408$0$0$2,572,190
95$3,763,739$0$0$2,747,190
96$4,022,560$0$0$2,937,289
97$4,303,841$0$0$3,143,939
98$4,609,749$0$0$3,368,739
99$4,942,667$0$0$3,613,449
100$5,305,218$0$0$3,880,004