Can I retire at age 67 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$66,228$65,638$65,063$64,501$63,953$63,023
2 years$32,786$32,176$31,584$31,010$30,454$29,519
3 years$21,640$21,027$20,437$19,869$19,321$18,410
4 years$16,069$15,457$14,873$14,314$13,780$12,900
5 years$12,726$12,119$11,542$10,995$10,475$9,629
6 years$10,499$9,896$9,328$8,792$8,289$7,477
7 years$8,909$8,310$7,751$7,229$6,741$5,965
8 years$7,716$7,124$6,574$6,064$5,592$4,851
9 years$6,789$6,202$5,662$5,165$4,710$4,002
10 years$6,048$5,467$4,936$4,452$4,013$3,339
11 years$5,443$4,867$4,346$3,875$3,451$2,811
12 years$4,938$4,368$3,857$3,399$2,991$2,383
13 years$4,511$3,948$3,446$3,001$2,608$2,032
14 years$4,146$3,588$3,096$2,664$2,286$1,741
15 years$3,830$3,278$2,795$2,376$2,013$1,497
16 years$3,553$3,008$2,534$2,127$1,779$1,292
17 years$3,309$2,770$2,306$1,911$1,577$1,118
18 years$3,093$2,559$2,105$1,722$1,402$970
19 years$2,900$2,372$1,927$1,556$1,250$843
20 years$2,726$2,204$1,769$1,409$1,117$734
21 years$2,569$2,053$1,627$1,279$999$640
22 years$2,426$1,917$1,499$1,163$896$559
23 years$2,296$1,793$1,384$1,059$804$489
24 years$2,177$1,679$1,280$966$723$428
25 years$2,068$1,576$1,186$882$650$375
26 years$1,967$1,481$1,100$807$586$328
27 years$1,874$1,394$1,021$738$528$288
28 years$1,787$1,314$949$677$477$253
29 years$1,707$1,239$884$620$430$222
30 years$1,633$1,170$823$569$389$195
31 years$1,563$1,106$767$523$351$171
32 years$1,497$1,047$716$481$318$151
33 years$1,436$991$668$442$288$132
34 years$1,379$940$625$407$261$116
35 years$1,325$891$584$374$236$102
36 years$1,274$846$546$345$214$90
37 years$1,226$803$511$318$194$79
38 years$1,180$764$479$293$176$70
39 years$1,137$726$449$270$159$61
40 years$1,096$691$420$249$144$54
41 years$1,058$658$394$230$131$48
42 years$1,021$626$370$212$119$42
43 years$986$597$347$196$108$37
44 years$953$569$326$181$98$32
45 years$921$542$306$167$89$29
46 years$891$517$287$154$81$25
47 years$862$494$270$142$73$22
48 years$835$471$254$132$67$20
49 years$808$450$238$122$60$17
50 years$783$430$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 $802,000, adding $3,270 every year, while hoping to spend $59,198 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: 48/42/10 Blend
66$802,000$802,000$802,000$802,000
67$887,177$844,671$832,240$927,192
68$914,683$823,074$797,134$933,435
69$943,010$798,434$758,868$933,753
70$972,180$770,540$717,273$932,744
71$1,002,215$739,169$672,174$930,303
72$1,033,135$704,083$623,386$926,317
73$1,064,964$665,031$570,718$920,668
74$1,097,722$621,750$513,968$913,230
75$1,131,431$573,957$452,928$903,870
76$1,166,114$521,358$387,378$892,447
77$1,201,791$463,638$317,089$878,809
78$1,238,485$400,467$241,822$862,799
79$1,276,216$331,495$161,329$844,248
80$1,315,004$256,353$75,348$822,977
81$1,354,871$174,651$0$798,797
82$1,395,834$85,976$0$773,258
83$1,437,913$0$0$753,090
84$1,481,125$0$0$734,724
85$1,525,486$0$0$756,654
86$1,571,009$0$0$779,151
87$1,617,709$0$0$802,220
88$1,665,596$0$0$825,865
89$1,714,678$0$0$850,090
90$1,764,960$0$0$874,895
91$1,816,446$0$0$900,280
92$1,869,135$0$0$926,243
93$1,923,021$0$0$952,779
94$1,978,096$0$0$979,882
95$2,034,344$0$0$1,007,542
96$2,091,746$0$0$1,035,746
97$2,150,275$0$0$1,064,479
98$2,209,897$0$0$1,093,719
99$2,270,569$0$0$1,123,442
100$2,332,240$0$0$1,153,620