Can I retire at age 67 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$66,311$65,720$65,144$64,582$64,032$61,908
2 years$32,827$32,216$31,623$31,049$30,492$28,372
3 years$21,667$21,053$20,462$19,893$19,345$17,297
4 years$16,089$15,476$14,891$14,332$13,797$11,836
5 years$12,742$12,134$11,556$11,008$10,488$8,619
6 years$10,512$9,908$9,339$8,803$8,299$6,524
7 years$8,920$8,321$7,761$7,238$6,749$5,067
8 years$7,726$7,132$6,582$6,072$5,599$4,010
9 years$6,798$6,210$5,669$5,172$4,715$3,216
10 years$6,056$5,474$4,942$4,458$4,018$2,606
11 years$5,449$4,873$4,351$3,880$3,455$2,129
12 years$4,944$4,374$3,862$3,403$2,994$1,750
13 years$4,517$3,953$3,450$3,004$2,611$1,446
14 years$4,151$3,593$3,100$2,667$2,289$1,200
15 years$3,834$3,282$2,799$2,379$2,015$999
16 years$3,558$3,011$2,538$2,130$1,781$834
17 years$3,314$2,773$2,309$1,914$1,579$697
18 years$3,097$2,563$2,108$1,724$1,404$584
19 years$2,903$2,375$1,930$1,558$1,252$490
20 years$2,729$2,207$1,771$1,411$1,118$412
21 years$2,572$2,056$1,629$1,281$1,000$347
22 years$2,429$1,919$1,501$1,165$897$292
23 years$2,299$1,795$1,386$1,061$805$246
24 years$2,180$1,682$1,282$967$724$207
25 years$2,070$1,578$1,187$883$651$175
26 years$1,969$1,483$1,101$808$586$148
27 years$1,876$1,396$1,023$739$529$125
28 years$1,790$1,315$951$677$477$105
29 years$1,709$1,241$885$621$431$89
30 years$1,635$1,172$824$570$389$75
31 years$1,565$1,108$768$524$352$64
32 years$1,499$1,048$717$481$318$54
33 years$1,438$993$669$442$288$45
34 years$1,381$941$625$407$261$38
35 years$1,326$892$585$375$236$32
36 years$1,275$847$547$345$214$27
37 years$1,227$804$512$318$194$23
38 years$1,182$764$479$293$176$20
39 years$1,139$727$449$270$160$17
40 years$1,098$692$421$249$145$14
41 years$1,059$658$395$230$131$12
42 years$1,022$627$370$212$119$10
43 years$987$597$347$196$108$9
44 years$954$569$326$181$98$7
45 years$922$543$306$167$89$6
46 years$892$518$288$154$81$5
47 years$863$494$270$143$73$4
48 years$836$472$254$132$67$4
49 years$809$451$239$122$61$3
50 years$784$430$224$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $803,000, adding $2,557 every year, while hoping to spend $48,869 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: 82/9/9 Blend
66$803,000$803,000$803,000$803,000
67$887,544$844,985$832,538$958,993
68$926,077$834,393$808,432$995,546
69$966,902$821,644$781,880$1,028,914
70$1,010,203$806,581$752,750$1,064,064
71$1,056,177$789,037$720,900$1,101,148
72$1,105,044$768,836$686,187$1,140,333
73$1,157,040$745,791$648,456$1,181,803
74$1,212,427$719,704$607,548$1,225,760
75$1,271,491$690,366$563,298$1,272,426
76$1,334,545$657,555$515,530$1,322,048
77$1,401,931$621,037$464,062$1,374,897
78$1,474,025$580,565$408,705$1,431,271
79$1,551,239$535,877$349,261$1,491,500
80$1,634,025$486,694$285,521$1,555,947
81$1,722,879$432,726$217,269$1,625,012
82$1,818,345$373,662$144,280$1,699,136
83$1,921,020$309,175$66,317$1,778,808
84$2,031,560$238,920$0$1,864,563
85$2,150,684$162,533$0$1,958,617
86$2,279,184$79,627$0$2,066,903
87$2,417,929$0$0$2,183,792
88$2,567,874$0$0$2,311,117
89$2,730,067$0$0$2,457,388
90$2,905,662$0$0$2,615,760
91$3,095,928$0$0$2,787,379
92$3,302,258$0$0$2,973,505
93$3,526,186$0$0$3,175,523
94$3,769,398$0$0$3,394,957
95$4,033,750$0$0$3,633,482
96$4,321,281$0$0$3,892,942
97$4,634,237$0$0$4,175,366
98$4,975,089$0$0$4,482,985
99$5,346,554$0$0$4,818,256
100$5,751,626$0$0$5,183,882