Can I retire at age 67 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$66,724$66,130$65,550$64,984$64,431$62,344
2 years$33,032$32,416$31,820$31,242$30,681$28,598
3 years$21,802$21,185$20,590$20,017$19,466$17,451
4 years$16,189$15,573$14,984$14,421$13,883$11,954
5 years$12,822$12,209$11,628$11,077$10,554$8,714
6 years$10,577$9,970$9,397$8,858$8,351$6,603
7 years$8,975$8,373$7,809$7,283$6,791$5,135
8 years$7,774$7,177$6,623$6,109$5,634$4,068
9 years$6,840$6,249$5,704$5,204$4,745$3,266
10 years$6,094$5,508$4,973$4,486$4,043$2,651
11 years$5,483$4,903$4,378$3,904$3,477$2,168
12 years$4,975$4,401$3,886$3,424$3,013$1,785
13 years$4,545$3,977$3,472$3,023$2,627$1,477
14 years$4,177$3,615$3,119$2,684$2,303$1,227
15 years$3,858$3,303$2,816$2,393$2,028$1,023
16 years$3,580$3,030$2,553$2,143$1,792$855
17 years$3,334$2,791$2,323$1,925$1,589$716
18 years$3,116$2,579$2,121$1,735$1,413$601
19 years$2,921$2,390$1,942$1,568$1,259$505
20 years$2,746$2,221$1,782$1,420$1,125$425
21 years$2,588$2,069$1,639$1,289$1,007$358
22 years$2,444$1,931$1,511$1,172$902$302
23 years$2,313$1,806$1,395$1,067$810$255
24 years$2,193$1,692$1,290$973$728$215
25 years$2,083$1,588$1,195$889$655$182
26 years$1,982$1,492$1,108$813$590$154
27 years$1,888$1,404$1,029$744$532$130
28 years$1,801$1,323$957$682$480$110
29 years$1,720$1,249$890$625$433$93
30 years$1,645$1,179$829$574$392$79
31 years$1,574$1,115$773$527$354$67
32 years$1,509$1,055$721$484$320$56
33 years$1,447$999$673$445$290$48
34 years$1,389$947$629$410$262$41
35 years$1,335$898$588$377$238$34
36 years$1,283$852$550$347$215$29
37 years$1,235$809$515$320$195$25
38 years$1,189$769$482$295$177$21
39 years$1,146$731$452$272$160$18
40 years$1,105$696$424$251$146$15
41 years$1,066$662$397$231$132$13
42 years$1,029$631$373$214$120$11
43 years$994$601$350$197$109$9
44 years$960$573$328$182$99$8
45 years$928$546$308$168$90$7
46 years$898$521$289$155$81$6
47 years$869$497$272$143$74$5
48 years$841$475$255$133$67$4
49 years$814$453$240$123$61$3
50 years$789$433$226$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $808,000, adding $2,628 every year, while hoping to spend $27,193 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: 21/49/30 Blend
66$808,000$808,000$808,000$808,000
67$893,127$850,303$837,779$903,354
68$955,293$863,034$836,911$925,772
69$1,022,888$875,479$835,103$947,301
70$1,096,438$887,592$832,295$969,730
71$1,176,520$899,330$828,422$993,149
72$1,263,771$910,643$823,420$1,017,660
73$1,358,889$921,478$817,218$1,043,376
74$1,462,645$931,780$809,744$1,070,424
75$1,575,886$941,488$800,922$1,098,946
76$1,699,546$950,540$790,672$1,129,101
77$1,834,650$958,868$778,911$1,161,066
78$1,982,331$966,399$765,550$1,195,037
79$2,143,832$973,056$750,500$1,231,236
80$2,320,525$978,757$733,663$1,269,908
81$2,513,917$983,415$714,940$1,311,326
82$2,725,672$986,938$694,226$1,355,794
83$2,957,619$989,226$671,411$1,403,651
84$3,211,773$990,175$646,380$1,455,275
85$3,490,354$989,674$619,014$1,511,085
86$3,795,806$987,604$589,187$1,571,547
87$4,130,822$983,840$556,768$1,637,178
88$4,498,366$978,248$521,620$1,708,554
89$4,901,705$970,688$483,599$1,786,315
90$5,344,436$961,009$442,557$1,871,169
91$5,830,523$949,053$398,337$1,963,903
92$6,364,331$934,651$350,776$2,065,391
93$6,950,669$917,625$299,703$2,176,601
94$7,594,834$897,785$244,940$2,298,606
95$8,302,662$874,933$186,301$2,432,597
96$9,080,584$848,854$123,592$2,579,893
97$9,935,682$819,326$56,611$2,741,955
98$10,875,759$786,111$0$2,920,401
99$11,909,413$748,957$0$3,121,784
100$13,046,116$707,599$0$3,362,974