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%11.9%
1 years$66,476$65,884$65,306$64,742$64,192$63,681
2 years$32,909$32,296$31,702$31,126$30,568$30,052
3 years$21,721$21,106$20,513$19,943$19,393$18,890
4 years$16,129$15,515$14,928$14,368$13,831$13,344
5 years$12,774$12,164$11,585$11,036$10,514$10,044
6 years$10,538$9,933$9,362$8,825$8,320$7,867
7 years$8,942$8,342$7,780$7,256$6,766$6,331
8 years$7,745$7,150$6,598$6,087$5,613$5,196
9 years$6,815$6,226$5,683$5,185$4,727$4,328
10 years$6,071$5,488$4,955$4,469$4,028$3,646
11 years$5,463$4,885$4,362$3,889$3,464$3,100
12 years$4,956$4,385$3,871$3,412$3,002$2,655
13 years$4,528$3,963$3,459$3,012$2,618$2,287
14 years$4,162$3,602$3,108$2,674$2,295$1,980
15 years$3,844$3,290$2,806$2,384$2,020$1,722
16 years$3,566$3,019$2,544$2,135$1,786$1,503
17 years$3,322$2,780$2,315$1,918$1,583$1,315
18 years$3,105$2,569$2,113$1,729$1,408$1,154
19 years$2,910$2,381$1,934$1,562$1,255$1,015
20 years$2,736$2,213$1,775$1,415$1,121$894
21 years$2,578$2,061$1,633$1,284$1,003$789
22 years$2,435$1,924$1,505$1,167$899$697
23 years$2,305$1,799$1,390$1,063$807$617
24 years$2,185$1,686$1,285$970$725$547
25 years$2,075$1,582$1,190$886$653$485
26 years$1,974$1,487$1,104$810$588$430
27 years$1,881$1,399$1,025$741$530$382
28 years$1,794$1,319$953$679$478$340
29 years$1,714$1,244$887$623$432$302
30 years$1,639$1,175$826$572$390$269
31 years$1,569$1,110$770$525$353$240
32 years$1,503$1,051$719$482$319$213
33 years$1,442$995$671$444$289$190
34 years$1,384$943$627$408$261$169
35 years$1,330$895$586$376$237$151
36 years$1,279$849$548$346$215$135
37 years$1,230$806$513$319$194$120
38 years$1,185$766$481$294$176$107
39 years$1,141$729$450$271$160$96
40 years$1,101$693$422$250$145$85
41 years$1,062$660$396$231$132$76
42 years$1,025$629$371$213$119$68
43 years$990$599$348$196$108$61
44 years$956$571$327$181$98$54
45 years$925$544$307$168$89$48
46 years$894$519$288$155$81$43
47 years$865$496$271$143$74$39
48 years$838$473$255$132$67$34
49 years$811$452$239$122$61$31
50 years$786$432$225$113$55$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $805,000, adding $2,523 every year, while hoping to spend $39,412 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: 55/38/7 Blend
66$805,000$805,000$805,000$805,000
67$889,712$847,047$834,570$937,081
68$938,529$846,619$820,594$968,919
69$991,004$844,848$804,829$998,980
70$1,047,469$841,628$787,173$1,030,747
71$1,108,288$836,845$767,521$1,064,389
72$1,173,860$830,378$745,760$1,100,092
73$1,244,626$822,098$721,775$1,138,063
74$1,321,067$811,870$695,443$1,178,531
75$1,403,715$799,550$666,639$1,221,751
76$1,493,151$784,985$635,229$1,268,007
77$1,590,016$768,014$601,073$1,317,611
78$1,695,016$748,465$564,027$1,370,913
79$1,808,924$726,156$523,939$1,428,299
80$1,932,594$700,897$480,650$1,490,198
81$2,066,960$672,483$433,994$1,557,083
82$2,213,056$640,700$383,798$1,629,484
83$2,372,014$605,320$329,881$1,707,982
84$2,545,082$566,104$272,055$1,793,225
85$2,733,634$522,797$210,122$1,885,929
86$2,939,180$475,129$143,877$1,986,889
87$3,163,383$422,817$73,104$2,096,984
88$3,408,074$365,561$0$2,217,187
89$3,675,267$303,043$0$2,348,758
90$3,967,180$234,928$0$2,498,546
91$4,286,255$160,862$0$2,662,426
92$4,635,180$80,471$0$2,841,876
93$5,016,914$0$0$3,038,535
94$5,434,718$0$0$3,256,986
95$5,892,178$0$0$3,533,088
96$6,393,248$0$0$3,835,584
97$6,942,280$0$0$4,167,112
98$7,544,065$0$0$4,530,576
99$8,203,883$0$0$4,929,172
100$8,927,548$0$0$5,366,424