Can I retire at age 67 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$66,476$65,884$65,306$64,742$64,192$62,362
2 years$32,909$32,296$31,702$31,126$30,568$28,738
3 years$21,721$21,106$20,513$19,943$19,393$17,622
4 years$16,129$15,515$14,928$14,368$13,831$12,131
5 years$12,774$12,164$11,585$11,036$10,514$8,891
6 years$10,538$9,933$9,362$8,825$8,320$6,773
7 years$8,942$8,342$7,780$7,256$6,766$5,297
8 years$7,745$7,150$6,598$6,087$5,613$4,221
9 years$6,815$6,226$5,683$5,185$4,727$3,411
10 years$6,071$5,488$4,955$4,469$4,028$2,785
11 years$5,463$4,885$4,362$3,889$3,464$2,293
12 years$4,956$4,385$3,871$3,412$3,002$1,900
13 years$4,528$3,963$3,459$3,012$2,618$1,583
14 years$4,162$3,602$3,108$2,674$2,295$1,324
15 years$3,844$3,290$2,806$2,384$2,020$1,111
16 years$3,566$3,019$2,544$2,135$1,786$936
17 years$3,322$2,780$2,315$1,918$1,583$790
18 years$3,105$2,569$2,113$1,729$1,408$668
19 years$2,910$2,381$1,934$1,562$1,255$565
20 years$2,736$2,213$1,775$1,415$1,121$480
21 years$2,578$2,061$1,633$1,284$1,003$407
22 years$2,435$1,924$1,505$1,167$899$346
23 years$2,305$1,799$1,390$1,063$807$294
24 years$2,185$1,686$1,285$970$725$251
25 years$2,075$1,582$1,190$886$653$213
26 years$1,974$1,487$1,104$810$588$182
27 years$1,881$1,399$1,025$741$530$155
28 years$1,794$1,319$953$679$478$132
29 years$1,714$1,244$887$623$432$113
30 years$1,639$1,175$826$572$390$96
31 years$1,569$1,110$770$525$353$82
32 years$1,503$1,051$719$482$319$70
33 years$1,442$995$671$444$289$60
34 years$1,384$943$627$408$261$51
35 years$1,330$895$586$376$237$44
36 years$1,279$849$548$346$215$37
37 years$1,230$806$513$319$194$32
38 years$1,185$766$481$294$176$27
39 years$1,141$729$450$271$160$23
40 years$1,101$693$422$250$145$20
41 years$1,062$660$396$231$132$17
42 years$1,025$629$371$213$119$15
43 years$990$599$348$196$108$12
44 years$956$571$327$181$98$11
45 years$925$544$307$168$89$9
46 years$894$519$288$155$81$8
47 years$865$496$271$143$74$7
48 years$838$473$255$132$67$6
49 years$811$452$239$122$61$5
50 years$786$432$225$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $805,000, adding $3,824 every year, while hoping to spend $41,556 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: 62/27/11 Blend
66$805,000$805,000$805,000$805,000
67$891,054$848,389$835,912$943,808
68$937,727$845,745$819,700$976,964
69$987,767$841,579$801,552$1,008,022
70$1,041,474$835,771$781,359$1,040,892
71$1,099,178$828,198$759,008$1,075,750
72$1,161,239$818,724$734,379$1,112,792
73$1,228,054$807,210$707,349$1,152,235
74$1,300,057$793,505$677,787$1,194,318
75$1,377,727$777,450$645,557$1,239,309
76$1,461,588$758,879$610,517$1,287,501
77$1,552,219$737,613$572,518$1,339,224
78$1,650,252$713,463$531,404$1,394,838
79$1,756,386$686,231$487,014$1,454,746
80$1,871,387$655,705$439,178$1,519,392
81$1,996,096$621,663$387,719$1,589,268
82$2,131,442$583,868$332,452$1,664,921
83$2,278,443$542,072$273,183$1,746,955
84$2,438,220$496,009$209,710$1,836,036
85$2,612,007$445,402$141,824$1,932,907
86$2,801,161$389,955$69,304$2,038,384
87$3,007,174$329,358$0$2,153,376
88$3,231,689$263,280$0$2,279,831
89$3,476,516$191,375$0$2,426,654
90$3,743,643$113,275$0$2,586,956
91$4,035,262$28,593$0$2,762,125
92$4,353,783$0$0$2,953,691
93$4,701,862$0$0$3,182,089
94$5,082,421$0$0$3,441,144
95$5,498,677$0$0$3,724,559
96$5,954,173$0$0$4,034,753
97$6,452,811$0$0$4,374,391
98$6,998,887$0$0$4,746,407
99$7,597,131$0$0$5,154,033
100$8,252,753$0$0$5,600,826