Can I retire at age 67 with 804,000?

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 $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%13.8%
1 years$66,394$65,802$65,225$64,662$64,112$63,102
2 years$32,868$32,256$31,663$31,088$30,530$29,514
3 years$21,694$21,080$20,488$19,918$19,369$18,381
4 years$16,109$15,496$14,910$14,350$13,814$12,860
5 years$12,758$12,149$11,571$11,022$10,501$9,584
6 years$10,525$9,920$9,351$8,814$8,309$7,430
7 years$8,931$8,331$7,771$7,247$6,758$5,917
8 years$7,736$7,141$6,590$6,079$5,606$4,804
9 years$6,806$6,218$5,676$5,178$4,721$3,956
10 years$6,063$5,481$4,949$4,464$4,023$3,295
11 years$5,456$4,879$4,357$3,885$3,460$2,769
12 years$4,950$4,379$3,866$3,407$2,998$2,342
13 years$4,523$3,958$3,454$3,008$2,614$1,993
14 years$4,156$3,597$3,104$2,670$2,292$1,704
15 years$3,839$3,286$2,802$2,381$2,018$1,463
16 years$3,562$3,015$2,541$2,132$1,783$1,260
17 years$3,318$2,777$2,312$1,916$1,581$1,088
18 years$3,101$2,566$2,110$1,727$1,406$942
19 years$2,907$2,378$1,932$1,560$1,253$817
20 years$2,733$2,210$1,773$1,413$1,119$710
21 years$2,575$2,058$1,631$1,282$1,002$618
22 years$2,432$1,921$1,503$1,166$898$538
23 years$2,302$1,797$1,388$1,062$806$469
24 years$2,182$1,684$1,284$969$724$410
25 years$2,073$1,580$1,189$884$652$358
26 years$1,972$1,485$1,103$809$587$313
27 years$1,878$1,398$1,024$740$529$274
28 years$1,792$1,317$952$678$478$240
29 years$1,712$1,242$886$622$431$210
30 years$1,637$1,173$825$571$390$184
31 years$1,567$1,109$769$524$352$161
32 years$1,501$1,049$718$482$319$141
33 years$1,440$994$670$443$288$124
34 years$1,382$942$626$408$261$109
35 years$1,328$893$585$375$237$95
36 years$1,277$848$548$346$214$84
37 years$1,229$805$513$318$194$74
38 years$1,183$765$480$293$176$65
39 years$1,140$728$450$271$160$57
40 years$1,099$692$421$250$145$50
41 years$1,060$659$395$230$131$44
42 years$1,024$628$371$213$119$38
43 years$989$598$348$196$108$34
44 years$955$570$327$181$98$30
45 years$924$544$307$167$89$26
46 years$893$519$288$155$81$23
47 years$864$495$271$143$74$20
48 years$837$473$254$132$67$18
49 years$810$451$239$122$61$15
50 years$785$431$225$113$55$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $804,000, adding $5,785 every year, while hoping to spend $40,867 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: 71/6/23 Blend
66$804,000$804,000$804,000$804,000
67$891,975$849,363$836,901$949,798
68$939,475$847,500$821,455$987,281
69$990,449$844,175$804,122$1,022,949
70$1,045,210$839,275$784,796$1,061,010
71$1,104,100$832,678$763,364$1,101,698
72$1,167,492$824,254$739,712$1,145,270
73$1,235,801$813,866$713,716$1,192,012
74$1,309,477$801,371$685,250$1,242,237
75$1,389,019$786,613$654,181$1,296,295
76$1,474,972$769,430$620,369$1,354,569
77$1,567,937$749,649$583,669$1,417,484
78$1,668,573$727,089$543,929$1,485,508
79$1,777,607$701,556$500,990$1,559,159
80$1,895,835$672,845$454,686$1,639,010
81$2,024,136$640,740$404,843$1,725,691
82$2,163,473$605,011$351,281$1,819,901
83$2,314,909$565,418$293,810$1,922,410
84$2,479,610$521,704$232,233$2,034,068
85$2,658,860$473,598$166,343$2,155,814
86$2,854,074$420,814$95,925$2,288,685
87$3,066,806$363,050$20,755$2,433,825
88$3,298,767$299,986$0$2,592,498
89$3,551,841$231,286$0$2,780,692
90$3,828,102$156,592$0$2,991,736
91$4,129,832$75,528$0$3,222,294
92$4,459,543$0$0$3,474,307
93$4,820,001$0$0$3,750,722
94$5,214,252$0$0$4,058,545
95$5,645,648$0$0$4,395,411
96$6,117,883$0$0$4,764,208
97$6,635,021$0$0$5,168,117
98$7,201,541$0$0$5,610,641
99$7,822,373$0$0$6,095,637
100$8,502,947$0$0$6,627,352