Can I retire at age 67 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$66,641$66,048$65,469$64,903$64,351$62,467
2 years$32,991$32,376$31,781$31,203$30,643$28,760
3 years$21,775$21,158$20,564$19,992$19,441$17,618
4 years$16,169$15,554$14,966$14,403$13,866$12,117
5 years$12,806$12,194$11,614$11,063$10,541$8,870
6 years$10,564$9,957$9,386$8,847$8,340$6,751
7 years$8,964$8,362$7,800$7,274$6,783$5,274
8 years$7,764$7,168$6,615$6,102$5,627$4,197
9 years$6,832$6,241$5,697$5,197$4,739$3,387
10 years$6,086$5,501$4,967$4,480$4,038$2,762
11 years$5,476$4,897$4,373$3,899$3,473$2,271
12 years$4,969$4,396$3,881$3,420$3,009$1,880
13 years$4,539$3,972$3,467$3,019$2,624$1,564
14 years$4,172$3,611$3,115$2,680$2,300$1,306
15 years$3,854$3,298$2,813$2,390$2,025$1,095
16 years$3,575$3,026$2,550$2,140$1,790$921
17 years$3,330$2,787$2,321$1,923$1,587$776
18 years$3,112$2,575$2,118$1,733$1,411$655
19 years$2,918$2,387$1,939$1,566$1,258$554
20 years$2,743$2,218$1,780$1,418$1,124$469
21 years$2,585$2,066$1,637$1,287$1,005$398
22 years$2,441$1,929$1,509$1,170$901$337
23 years$2,310$1,804$1,393$1,066$809$287
24 years$2,191$1,690$1,288$972$727$244
25 years$2,081$1,586$1,193$888$654$207
26 years$1,979$1,491$1,107$812$589$176
27 years$1,885$1,403$1,028$743$531$150
28 years$1,799$1,322$955$681$479$128
29 years$1,718$1,247$889$624$433$109
30 years$1,643$1,178$828$573$391$93
31 years$1,572$1,113$772$526$354$79
32 years$1,507$1,053$720$484$320$67
33 years$1,445$998$673$445$290$57
34 years$1,387$945$628$409$262$49
35 years$1,333$897$588$377$237$42
36 years$1,282$851$550$347$215$36
37 years$1,233$808$514$320$195$30
38 years$1,188$768$482$295$177$26
39 years$1,144$731$451$272$160$22
40 years$1,103$695$423$251$145$19
41 years$1,064$662$397$231$132$16
42 years$1,027$630$372$213$120$14
43 years$992$600$349$197$109$12
44 years$959$572$328$182$99$10
45 years$927$546$308$168$90$9
46 years$897$521$289$155$81$7
47 years$868$497$272$143$74$6
48 years$840$474$255$132$67$5
49 years$813$453$240$122$61$5
50 years$788$433$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 $807,000, adding $5,348 every year, while hoping to spend $24,069 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: 60/25/15 Blend
66$807,000$807,000$807,000$807,000
67$894,830$852,059$839,551$944,833
68$960,494$868,201$842,067$995,315
69$1,032,048$884,327$843,860$1,047,198
70$1,110,069$900,411$844,881$1,103,227
71$1,195,190$916,425$845,078$1,163,806
72$1,288,108$932,338$844,397$1,229,380
73$1,389,590$948,118$842,779$1,300,439
74$1,500,481$963,729$840,165$1,377,523
75$1,621,712$979,133$836,492$1,461,227
76$1,754,305$994,289$831,694$1,552,208
77$1,899,390$1,009,155$825,701$1,651,188
78$2,058,206$1,023,682$818,441$1,758,966
79$2,232,122$1,037,821$809,837$1,876,419
80$2,422,643$1,051,519$799,811$2,004,519
81$2,631,426$1,064,717$788,279$2,144,331
82$2,860,298$1,077,354$775,152$2,297,035
83$3,111,269$1,089,366$760,341$2,463,929
84$3,386,555$1,100,681$743,749$2,646,445
85$3,688,596$1,111,226$725,276$2,846,159
86$4,020,077$1,120,921$704,818$3,064,813
87$4,383,960$1,129,682$682,264$3,304,324
88$4,783,505$1,137,417$657,501$3,566,807
89$5,222,303$1,144,031$630,408$3,854,593
90$5,704,312$1,149,422$600,861$4,170,252
91$6,233,890$1,153,482$568,727$4,516,617
92$6,815,838$1,156,094$533,871$4,896,811
93$7,455,446$1,157,136$496,149$5,314,279
94$8,158,544$1,156,477$455,412$5,772,817
95$8,931,550$1,153,979$411,503$6,276,608
96$9,781,539$1,149,495$364,259$6,830,267
97$10,716,305$1,142,869$313,511$7,438,880
98$11,744,434$1,133,936$259,079$8,108,054
99$12,875,386$1,122,519$200,779$8,843,968
100$14,119,586$1,108,433$138,415$9,653,437