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%20%
1 years$66,311$65,720$65,144$64,582$64,032$61,468
2 years$32,827$32,216$31,623$31,049$30,492$27,940
3 years$21,667$21,053$20,462$19,893$19,345$16,887
4 years$16,089$15,476$14,891$14,332$13,797$11,451
5 years$12,742$12,134$11,556$11,008$10,488$8,260
6 years$10,512$9,908$9,339$8,803$8,299$6,190
7 years$8,920$8,321$7,761$7,238$6,749$4,759
8 years$7,726$7,132$6,582$6,072$5,599$3,726
9 years$6,798$6,210$5,669$5,172$4,715$2,955
10 years$6,056$5,474$4,942$4,458$4,018$2,368
11 years$5,449$4,873$4,351$3,880$3,455$1,912
12 years$4,944$4,374$3,862$3,403$2,994$1,553
13 years$4,517$3,953$3,450$3,004$2,611$1,267
14 years$4,151$3,593$3,100$2,667$2,289$1,038
15 years$3,834$3,282$2,799$2,379$2,015$853
16 years$3,558$3,011$2,538$2,130$1,781$703
17 years$3,314$2,773$2,309$1,914$1,579$580
18 years$3,097$2,563$2,108$1,724$1,404$480
19 years$2,903$2,375$1,930$1,558$1,252$397
20 years$2,729$2,207$1,771$1,411$1,118$329
21 years$2,572$2,056$1,629$1,281$1,000$273
22 years$2,429$1,919$1,501$1,165$897$227
23 years$2,299$1,795$1,386$1,061$805$188
24 years$2,180$1,682$1,282$967$724$157
25 years$2,070$1,578$1,187$883$651$130
26 years$1,969$1,483$1,101$808$586$108
27 years$1,876$1,396$1,023$739$529$90
28 years$1,790$1,315$951$677$477$75
29 years$1,709$1,241$885$621$431$62
30 years$1,635$1,172$824$570$389$52
31 years$1,565$1,108$768$524$352$43
32 years$1,499$1,048$717$481$318$36
33 years$1,438$993$669$442$288$30
34 years$1,381$941$625$407$261$25
35 years$1,326$892$585$375$236$21
36 years$1,275$847$547$345$214$17
37 years$1,227$804$512$318$194$14
38 years$1,182$764$479$293$176$12
39 years$1,139$727$449$270$160$10
40 years$1,098$692$421$249$145$8
41 years$1,059$658$395$230$131$7
42 years$1,022$627$370$212$119$6
43 years$987$597$347$196$108$5
44 years$954$569$326$181$98$4
45 years$922$543$306$167$89$3
46 years$892$518$288$154$81$3
47 years$863$494$270$143$73$2
48 years$836$472$254$132$67$2
49 years$809$451$239$122$61$2
50 years$784$430$224$113$55$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $803,000, adding $4,768 every year, while hoping to spend $22,559 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: 86/8/6 Blend
66$803,000$803,000$803,000$803,000
67$889,824$847,265$834,819$965,713
68$956,584$864,779$838,783$1,033,406
69$1,029,397$882,394$842,123$1,104,169
70$1,108,856$900,093$844,796$1,181,199
71$1,195,617$917,854$846,753$1,265,110
72$1,290,397$935,656$847,947$1,356,581
73$1,393,988$953,475$848,324$1,456,356
74$1,507,263$971,283$847,831$1,565,255
75$1,631,182$989,054$846,411$1,684,184
76$1,766,801$1,006,755$844,004$1,814,137
77$1,915,284$1,024,356$840,547$1,956,210
78$2,077,912$1,041,819$835,975$2,111,612
79$2,256,098$1,059,106$830,219$2,281,673
80$2,451,395$1,076,178$823,207$2,467,857
81$2,665,515$1,092,989$814,862$2,671,780
82$2,900,345$1,109,492$805,107$2,895,218
83$3,157,959$1,125,636$793,857$3,140,131
84$3,440,647$1,141,368$781,027$3,408,677
85$3,750,926$1,156,629$766,525$3,703,233
86$4,091,573$1,171,356$750,256$4,026,418
87$4,465,645$1,185,484$732,121$4,381,118
88$4,876,509$1,198,941$712,016$4,770,512
89$5,327,876$1,211,652$689,831$5,198,104
90$5,823,831$1,223,535$665,452$5,667,752
91$6,368,878$1,234,504$638,761$6,183,710
92$6,967,977$1,244,469$609,633$6,750,662
93$7,626,593$1,253,329$577,938$7,373,773
94$8,350,745$1,260,983$543,539$8,058,730
95$9,147,068$1,267,317$506,294$8,811,801
96$10,022,869$1,272,216$466,055$9,639,895
97$10,986,200$1,275,553$422,666$10,550,621
98$12,045,932$1,277,194$375,964$11,552,366
99$13,211,839$1,276,999$325,782$12,654,371
100$14,494,692$1,274,817$271,940$13,866,819