Can I retire at age 67 with 796,000?

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 $796,000?

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$65,733$65,147$64,576$64,019$63,474$62,864
2 years$32,541$31,935$31,348$30,778$30,226$29,611
3 years$21,479$20,870$20,284$19,720$19,176$18,576
4 years$15,948$15,342$14,762$14,207$13,677$13,096
5 years$12,631$12,028$11,456$10,912$10,397$9,837
6 years$10,420$9,822$9,258$8,727$8,227$7,688
7 years$8,842$8,248$7,693$7,175$6,691$6,174
8 years$7,659$7,070$6,525$6,019$5,550$5,055
9 years$6,739$6,156$5,620$5,127$4,674$4,201
10 years$6,003$5,426$4,899$4,419$3,983$3,531
11 years$5,402$4,831$4,313$3,846$3,425$2,994
12 years$4,901$4,336$3,828$3,373$2,968$2,558
13 years$4,478$3,918$3,420$2,978$2,588$2,198
14 years$4,115$3,562$3,073$2,644$2,269$1,898
15 years$3,801$3,254$2,774$2,358$1,998$1,646
16 years$3,527$2,985$2,515$2,111$1,766$1,432
17 years$3,285$2,749$2,289$1,897$1,566$1,250
18 years$3,070$2,540$2,089$1,709$1,392$1,094
19 years$2,878$2,354$1,913$1,545$1,241$959
20 years$2,705$2,188$1,755$1,399$1,108$843
21 years$2,549$2,038$1,615$1,270$992$741
22 years$2,408$1,902$1,488$1,154$889$653
23 years$2,279$1,779$1,374$1,051$798$577
24 years$2,161$1,667$1,271$959$717$509
25 years$2,052$1,564$1,177$876$645$450
26 years$1,952$1,470$1,092$801$581$398
27 years$1,860$1,384$1,014$733$524$353
28 years$1,774$1,304$942$671$473$313
29 years$1,694$1,230$877$616$427$277
30 years$1,620$1,162$817$565$386$246
31 years$1,551$1,098$761$519$349$218
32 years$1,486$1,039$710$477$316$194
33 years$1,426$984$663$439$286$172
34 years$1,368$933$620$404$259$153
35 years$1,315$885$579$372$234$136
36 years$1,264$840$542$342$212$121
37 years$1,217$797$507$315$192$107
38 years$1,171$758$475$291$174$95
39 years$1,129$721$445$268$158$85
40 years$1,088$686$417$247$143$75
41 years$1,050$653$391$228$130$67
42 years$1,013$622$367$210$118$60
43 years$979$592$344$194$107$53
44 years$946$564$323$179$97$47
45 years$914$538$304$166$88$42
46 years$884$513$285$153$80$37
47 years$856$490$268$141$73$33
48 years$828$468$252$131$66$30
49 years$802$447$237$121$60$26
50 years$777$427$222$112$55$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $796,000, adding $3,965 every year, while hoping to spend $29,399 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: 59/11/30 Blend
66$796,000$796,000$796,000$796,000
67$881,282$839,094$826,756$925,841
68$939,892$848,929$823,172$966,647
69$1,003,496$858,261$818,483$1,007,698
70$1,072,570$867,034$812,620$1,051,880
71$1,147,642$875,188$805,512$1,099,507
72$1,229,290$882,661$797,085$1,150,924
73$1,318,150$889,384$787,260$1,206,513
74$1,414,923$895,286$775,955$1,266,696
75$1,520,381$900,290$763,085$1,331,939
76$1,635,371$904,315$748,559$1,402,757
77$1,760,827$907,275$732,284$1,479,717
78$1,897,777$909,077$714,162$1,563,446
79$2,047,352$909,624$694,088$1,654,638
80$2,210,798$908,811$671,956$1,754,056
81$2,389,486$906,530$647,653$1,862,545
82$2,584,926$902,661$621,061$1,981,037
83$2,798,779$897,083$592,058$2,110,558
84$3,032,876$889,662$560,514$2,252,246
85$3,289,233$880,258$526,294$2,407,351
86$3,570,069$868,725$489,259$2,577,258
87$3,877,828$854,905$449,261$2,763,491
88$4,215,202$838,631$406,147$2,967,734
89$4,585,156$819,727$359,757$3,191,845
90$4,990,956$798,008$309,922$3,437,873
91$5,436,197$773,274$256,469$3,708,081
92$5,924,843$745,318$199,214$4,004,963
93$6,461,256$713,918$137,968$4,331,272
94$7,050,244$678,840$72,529$4,690,045
95$7,697,102$639,836$2,692$5,084,632
96$8,407,663$596,645$0$5,518,729
97$9,188,353$548,989$0$6,019,406
98$10,046,252$496,576$0$6,570,578
99$10,989,157$439,096$0$7,176,418
100$12,025,662$376,222$0$7,842,474