Can I retire at age 67 with 800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$66,063$65,475$64,901$64,340$63,793$62,840
2 years$32,705$32,095$31,505$30,933$30,378$29,419
3 years$21,586$20,975$20,386$19,819$19,273$18,339
4 years$16,029$15,419$14,836$14,278$13,746$12,844
5 years$12,695$12,088$11,513$10,967$10,449$9,582
6 years$10,473$9,871$9,304$8,771$8,268$7,437
7 years$8,886$8,290$7,732$7,211$6,724$5,929
8 years$7,697$7,106$6,557$6,049$5,578$4,819
9 years$6,773$6,187$5,648$5,152$4,698$3,974
10 years$6,033$5,453$4,924$4,441$4,003$3,314
11 years$5,429$4,855$4,335$3,865$3,442$2,787
12 years$4,926$4,357$3,847$3,390$2,983$2,362
13 years$4,500$3,938$3,437$2,993$2,601$2,012
14 years$4,136$3,579$3,088$2,657$2,280$1,723
15 years$3,820$3,270$2,788$2,370$2,008$1,481
16 years$3,544$3,000$2,528$2,122$1,775$1,277
17 years$3,301$2,763$2,300$1,906$1,573$1,104
18 years$3,085$2,553$2,100$1,718$1,399$957
19 years$2,892$2,366$1,922$1,552$1,247$832
20 years$2,719$2,199$1,764$1,406$1,114$724
21 years$2,562$2,048$1,623$1,276$997$631
22 years$2,420$1,912$1,496$1,160$893$550
23 years$2,290$1,788$1,381$1,057$802$481
24 years$2,172$1,675$1,277$964$721$420
25 years$2,063$1,572$1,183$880$649$368
26 years$1,962$1,478$1,097$805$584$322
27 years$1,869$1,391$1,019$737$527$282
28 years$1,783$1,310$947$675$475$248
29 years$1,703$1,236$881$619$429$217
30 years$1,628$1,167$821$568$388$191
31 years$1,559$1,104$765$522$351$167
32 years$1,494$1,044$714$479$317$147
33 years$1,433$989$667$441$287$129
34 years$1,375$937$623$406$260$113
35 years$1,321$889$582$373$235$100
36 years$1,271$844$545$344$213$88
37 years$1,223$801$510$317$193$77
38 years$1,177$762$478$292$175$68
39 years$1,134$724$447$269$159$60
40 years$1,094$689$419$248$144$52
41 years$1,055$656$393$229$131$46
42 years$1,019$625$369$211$119$41
43 years$984$595$346$195$108$36
44 years$951$567$325$180$98$31
45 years$919$541$305$166$89$28
46 years$889$516$287$154$81$24
47 years$860$492$269$142$73$21
48 years$833$470$253$131$66$19
49 years$806$449$238$121$60$17
50 years$781$429$224$112$55$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $800,000, adding $4,129 every year, while hoping to spend $44,528 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: 53/41/6 Blend
66$800,000$800,000$800,000$800,000
67$885,859$843,459$831,059$931,368
68$928,839$837,411$811,522$956,591
69$974,711$829,574$789,838$978,781
70$1,023,722$819,814$765,889$1,001,841
71$1,076,145$807,988$739,549$1,025,860
72$1,132,277$793,944$710,689$1,050,940
73$1,192,444$777,523$679,172$1,077,193
74$1,257,006$758,555$644,857$1,104,748
75$1,326,356$736,859$607,595$1,133,747
76$1,400,925$712,246$567,230$1,164,353
77$1,481,188$684,514$523,601$1,196,744
78$1,567,664$653,451$476,537$1,231,123
79$1,660,926$618,830$425,861$1,267,716
80$1,761,602$580,414$371,388$1,306,776
81$1,870,381$537,950$312,926$1,348,586
82$1,988,022$491,172$250,271$1,393,462
83$2,115,359$439,798$183,214$1,441,756
84$2,253,308$383,530$111,533$1,493,862
85$2,402,876$322,054$35,001$1,550,220
86$2,565,172$255,037$0$1,611,318
87$2,741,414$182,128$0$1,680,690
88$2,932,942$102,956$0$1,758,541
89$3,141,231$17,130$0$1,843,321
90$3,367,903$0$0$1,935,799
91$3,614,743$0$0$2,071,011
92$3,883,715$0$0$2,226,840
93$4,176,981$0$0$2,396,819
94$4,496,919$0$0$2,582,334
95$4,846,149$0$0$2,784,914
96$5,227,552$0$0$3,006,243
97$5,644,302$0$0$3,248,170
98$6,099,891$0$0$3,512,736
99$6,598,167$0$0$3,802,185
100$7,143,363$0$0$4,118,989