Can I retire at age 67 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$66,559$65,966$65,387$64,823$64,272$63,051
2 years$32,950$32,336$31,741$31,165$30,606$29,381
3 years$21,748$21,132$20,539$19,968$19,417$18,227
4 years$16,149$15,534$14,947$14,386$13,849$12,701
5 years$12,790$12,179$11,599$11,049$10,528$9,426
6 years$10,551$9,945$9,374$8,836$8,330$7,276
7 years$8,953$8,352$7,790$7,265$6,775$5,768
8 years$7,755$7,159$6,606$6,094$5,620$4,661
9 years$6,823$6,233$5,690$5,191$4,733$3,821
10 years$6,079$5,494$4,961$4,475$4,033$3,167
11 years$5,470$4,891$4,367$3,894$3,468$2,647
12 years$4,963$4,390$3,876$3,416$3,006$2,228
13 years$4,534$3,967$3,463$3,016$2,621$1,886
14 years$4,167$3,606$3,111$2,677$2,297$1,604
15 years$3,849$3,294$2,809$2,387$2,023$1,369
16 years$3,571$3,023$2,547$2,138$1,788$1,173
17 years$3,326$2,784$2,318$1,921$1,585$1,007
18 years$3,108$2,572$2,116$1,731$1,409$867
19 years$2,914$2,384$1,937$1,564$1,256$747
20 years$2,739$2,215$1,778$1,417$1,122$645
21 years$2,581$2,063$1,635$1,286$1,004$558
22 years$2,438$1,926$1,507$1,169$900$483
23 years$2,307$1,801$1,391$1,065$808$419
24 years$2,188$1,688$1,287$971$726$363
25 years$2,078$1,584$1,192$887$654$316
26 years$1,977$1,489$1,105$811$589$274
27 years$1,883$1,401$1,026$742$531$238
28 years$1,796$1,320$954$680$479$207
29 years$1,716$1,245$888$624$432$180
30 years$1,641$1,176$827$572$391$157
31 years$1,571$1,112$771$526$353$137
32 years$1,505$1,052$719$483$320$119
33 years$1,443$996$672$444$289$104
34 years$1,386$944$628$409$262$90
35 years$1,331$896$587$376$237$79
36 years$1,280$850$549$346$215$69
37 years$1,232$807$514$319$195$60
38 years$1,186$767$481$294$177$52
39 years$1,143$730$451$271$160$45
40 years$1,102$694$423$250$145$40
41 years$1,063$661$396$231$132$35
42 years$1,026$629$372$213$120$30
43 years$991$600$349$197$108$26
44 years$958$572$327$182$98$23
45 years$926$545$307$168$89$20
46 years$895$520$289$155$81$17
47 years$866$496$271$143$74$15
48 years$839$474$255$132$67$13
49 years$812$452$240$122$61$12
50 years$787$432$225$113$55$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $806,000, adding $5,433 every year, while hoping to spend $47,392 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: 57/22/21 Blend
66$806,000$806,000$806,000$806,000
67$893,816$851,098$838,605$939,439
68$934,561$842,377$816,274$962,429
69$977,873$831,641$791,606$981,924
70$1,023,964$818,739$764,473$1,002,134
71$1,073,067$803,516$734,741$1,023,140
72$1,125,435$785,804$702,270$1,045,032
73$1,181,347$765,425$666,913$1,067,912
74$1,241,106$742,193$628,517$1,091,895
75$1,305,048$715,910$586,922$1,117,112
76$1,373,538$686,365$541,959$1,143,706
77$1,446,979$653,336$493,454$1,171,842
78$1,525,811$616,590$441,225$1,201,703
79$1,610,518$575,877$385,080$1,233,494
80$1,701,630$530,935$324,820$1,267,445
81$1,799,732$481,486$260,237$1,303,813
82$1,905,463$427,237$191,113$1,342,886
83$2,019,526$367,878$117,222$1,384,984
84$2,142,695$303,081$38,326$1,430,466
85$2,275,818$232,500$0$1,479,732
86$2,419,828$155,769$0$1,543,507
87$2,575,752$72,503$0$1,621,841
88$2,744,716$0$0$1,706,752
89$2,927,961$0$0$1,803,205
90$3,126,851$0$0$1,927,003
91$3,342,885$0$0$2,061,534
92$3,577,713$0$0$2,207,833
93$3,833,150$0$0$2,367,040
94$4,111,192$0$0$2,540,407
95$4,414,037$0$0$2,729,313
96$4,744,103$0$0$2,935,276
97$5,104,050$0$0$3,159,965
98$5,496,807$0$0$3,405,220
99$5,925,598$0$0$3,673,063
100$6,393,972$0$0$3,965,723