Can I retire at age 67 with 802,000?

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 $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%13.3%
1 years$66,228$65,638$65,063$64,501$63,953$63,075
2 years$32,786$32,176$31,584$31,010$30,454$29,571
3 years$21,640$21,027$20,437$19,869$19,321$18,461
4 years$16,069$15,457$14,873$14,314$13,780$12,949
5 years$12,726$12,119$11,542$10,995$10,475$9,676
6 years$10,499$9,896$9,328$8,792$8,289$7,521
7 years$8,909$8,310$7,751$7,229$6,741$6,006
8 years$7,716$7,124$6,574$6,064$5,592$4,890
9 years$6,789$6,202$5,662$5,165$4,710$4,040
10 years$6,048$5,467$4,936$4,452$4,013$3,375
11 years$5,443$4,867$4,346$3,875$3,451$2,844
12 years$4,938$4,368$3,857$3,399$2,991$2,414
13 years$4,511$3,948$3,446$3,001$2,608$2,061
14 years$4,146$3,588$3,096$2,664$2,286$1,768
15 years$3,830$3,278$2,795$2,376$2,013$1,523
16 years$3,553$3,008$2,534$2,127$1,779$1,316
17 years$3,309$2,770$2,306$1,911$1,577$1,141
18 years$3,093$2,559$2,105$1,722$1,402$991
19 years$2,900$2,372$1,927$1,556$1,250$863
20 years$2,726$2,204$1,769$1,409$1,117$752
21 years$2,569$2,053$1,627$1,279$999$657
22 years$2,426$1,917$1,499$1,163$896$575
23 years$2,296$1,793$1,384$1,059$804$503
24 years$2,177$1,679$1,280$966$723$441
25 years$2,068$1,576$1,186$882$650$387
26 years$1,967$1,481$1,100$807$586$340
27 years$1,874$1,394$1,021$738$528$298
28 years$1,787$1,314$949$677$477$262
29 years$1,707$1,239$884$620$430$231
30 years$1,633$1,170$823$569$389$203
31 years$1,563$1,106$767$523$351$179
32 years$1,497$1,047$716$481$318$157
33 years$1,436$991$668$442$288$138
34 years$1,379$940$625$407$261$122
35 years$1,325$891$584$374$236$107
36 years$1,274$846$546$345$214$95
37 years$1,226$803$511$318$194$83
38 years$1,180$764$479$293$176$74
39 years$1,137$726$449$270$159$65
40 years$1,096$691$420$249$144$57
41 years$1,058$658$394$230$131$50
42 years$1,021$626$370$212$119$44
43 years$986$597$347$196$108$39
44 years$953$569$326$181$98$35
45 years$921$542$306$167$89$31
46 years$891$517$287$154$81$27
47 years$862$494$270$142$73$24
48 years$835$471$254$132$67$21
49 years$808$450$238$122$60$19
50 years$783$430$224$112$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $802,000, adding $6,121 every year, while hoping to spend $52,572 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: 66/11/23 Blend
66$802,000$802,000$802,000$802,000
67$890,118$847,612$835,181$943,225
68$924,974$833,209$807,223$965,275
69$961,623$816,338$776,567$982,838
70$1,000,193$796,822$743,066$1,000,822
71$1,040,822$774,476$706,569$1,019,269
72$1,083,661$749,101$666,914$1,038,229
73$1,128,876$720,488$623,937$1,057,757
74$1,176,645$688,416$577,462$1,077,917
75$1,227,164$652,649$527,309$1,098,783
76$1,280,646$612,941$473,285$1,120,434
77$1,337,326$569,029$415,194$1,142,964
78$1,397,458$520,636$352,828$1,166,478
79$1,461,320$467,469$285,969$1,191,092
80$1,529,218$409,218$214,393$1,216,939
81$1,601,486$345,557$137,862$1,244,169
82$1,678,487$276,139$56,130$1,272,947
83$1,760,623$200,600$0$1,303,463
84$1,848,331$118,554$0$1,343,557
85$1,942,091$29,593$0$1,401,030
86$2,042,429$0$0$1,462,426
87$2,149,922$0$0$1,536,186
88$2,265,204$0$0$1,619,166
89$2,388,967$0$0$1,708,289
90$2,521,976$0$0$1,804,107
91$2,665,065$0$0$1,907,228
92$2,819,153$0$0$2,018,319
93$2,985,249$0$0$2,138,113
94$3,164,461$0$0$2,267,414
95$3,358,007$0$0$2,407,107
96$3,567,223$0$0$2,558,164
97$3,793,581$0$0$2,721,654
98$4,038,695$0$0$2,898,749
99$4,304,344$0$0$3,090,743
100$4,592,480$0$0$3,299,053