Can I retire at age 67 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$66,394$65,802$65,225$64,662$64,112$63,076
2 years$32,868$32,256$31,663$31,088$30,530$29,489
3 years$21,694$21,080$20,488$19,918$19,369$18,356
4 years$16,109$15,496$14,910$14,350$13,814$12,836
5 years$12,758$12,149$11,571$11,022$10,501$9,561
6 years$10,525$9,920$9,351$8,814$8,309$7,409
7 years$8,931$8,331$7,771$7,247$6,758$5,896
8 years$7,736$7,141$6,590$6,079$5,606$4,784
9 years$6,806$6,218$5,676$5,178$4,721$3,938
10 years$6,063$5,481$4,949$4,464$4,023$3,278
11 years$5,456$4,879$4,357$3,885$3,460$2,752
12 years$4,950$4,379$3,866$3,407$2,998$2,327
13 years$4,523$3,958$3,454$3,008$2,614$1,979
14 years$4,156$3,597$3,104$2,670$2,292$1,691
15 years$3,839$3,286$2,802$2,381$2,018$1,450
16 years$3,562$3,015$2,541$2,132$1,783$1,248
17 years$3,318$2,777$2,312$1,916$1,581$1,077
18 years$3,101$2,566$2,110$1,727$1,406$932
19 years$2,907$2,378$1,932$1,560$1,253$808
20 years$2,733$2,210$1,773$1,413$1,119$701
21 years$2,575$2,058$1,631$1,282$1,002$610
22 years$2,432$1,921$1,503$1,166$898$531
23 years$2,302$1,797$1,388$1,062$806$463
24 years$2,182$1,684$1,284$969$724$404
25 years$2,073$1,580$1,189$884$652$352
26 years$1,972$1,485$1,103$809$587$308
27 years$1,878$1,398$1,024$740$529$269
28 years$1,792$1,317$952$678$478$235
29 years$1,712$1,242$886$622$431$206
30 years$1,637$1,173$825$571$390$180
31 years$1,567$1,109$769$524$352$158
32 years$1,501$1,049$718$482$319$138
33 years$1,440$994$670$443$288$121
34 years$1,382$942$626$408$261$106
35 years$1,328$893$585$375$237$93
36 years$1,277$848$548$346$214$82
37 years$1,229$805$513$318$194$72
38 years$1,183$765$480$293$176$63
39 years$1,140$728$450$271$160$55
40 years$1,099$692$421$250$145$48
41 years$1,060$659$395$230$131$42
42 years$1,024$628$371$213$119$37
43 years$989$598$348$196$108$33
44 years$955$570$327$181$98$29
45 years$924$544$307$167$89$25
46 years$893$519$288$155$81$22
47 years$864$495$271$143$74$19
48 years$837$473$254$132$67$17
49 years$810$451$239$122$61$15
50 years$785$431$225$113$55$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $804,000, adding $2,005 every year, while hoping to spend $38,783 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: 60/11/29 Blend
66$804,000$804,000$804,000$804,000
67$888,076$845,464$833,002$934,259
68$937,395$845,627$819,643$966,191
69$990,445$844,498$804,536$996,708
70$1,047,565$841,973$787,583$1,029,206
71$1,109,128$837,941$768,678$1,063,886
72$1,175,544$832,285$747,714$1,100,973
73$1,247,263$824,881$724,576$1,140,716
74$1,324,779$815,596$699,145$1,183,392
75$1,408,636$804,290$671,296$1,229,307
76$1,499,432$790,815$640,899$1,278,799
77$1,597,823$775,014$607,818$1,332,244
78$1,704,532$756,720$571,911$1,390,058
79$1,820,352$735,757$533,028$1,452,701
80$1,946,158$711,939$491,014$1,520,683
81$2,082,910$685,068$445,707$1,594,567
82$2,231,665$654,935$396,937$1,674,979
83$2,393,587$621,319$344,526$1,762,607
84$2,569,955$583,986$288,290$1,858,217
85$2,762,178$542,688$228,035$1,962,653
86$2,971,805$497,165$163,559$2,076,849
87$3,200,542$447,139$94,652$2,201,838
88$3,450,268$392,319$21,093$2,338,763
89$3,723,048$332,396$0$2,488,886
90$4,021,159$267,043$0$2,671,365
91$4,347,106$195,917$0$2,878,099
92$4,703,646$118,652$0$3,104,336
93$5,093,817$34,866$0$3,352,038
94$5,520,964$0$0$3,623,369
95$5,988,768$0$0$3,927,474
96$6,501,285$0$0$4,265,333
97$7,062,981$0$0$4,635,677
98$7,678,775$0$0$5,041,757
99$8,354,084$0$0$5,487,155
100$9,094,875$0$0$5,975,814