Can I retire at age 67 with 809,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$66,806$66,211$65,631$65,064$64,511$63,705
2 years$33,073$32,457$31,860$31,281$30,719$29,908
3 years$21,829$21,211$20,615$20,042$19,490$18,699
4 years$16,209$15,592$15,003$14,439$13,900$13,136
5 years$12,837$12,224$11,643$11,091$10,567$9,831
6 years$10,591$9,982$9,409$8,869$8,361$7,654
7 years$8,986$8,383$7,819$7,292$6,800$6,123
8 years$7,784$7,186$6,631$6,117$5,641$4,994
9 years$6,849$6,257$5,711$5,210$4,751$4,132
10 years$6,101$5,515$4,979$4,491$4,048$3,458
11 years$5,490$4,910$4,384$3,909$3,481$2,920
12 years$4,981$4,407$3,890$3,429$3,017$2,484
13 years$4,551$3,982$3,476$3,027$2,631$2,125
14 years$4,182$3,620$3,123$2,687$2,306$1,826
15 years$3,863$3,307$2,820$2,396$2,030$1,576
16 years$3,584$3,034$2,556$2,146$1,794$1,365
17 years$3,338$2,794$2,326$1,928$1,591$1,185
18 years$3,120$2,582$2,124$1,737$1,415$1,032
19 years$2,925$2,393$1,944$1,570$1,261$900
20 years$2,750$2,223$1,784$1,422$1,126$787
21 years$2,591$2,071$1,641$1,290$1,008$689
22 years$2,447$1,933$1,512$1,173$903$604
23 years$2,316$1,808$1,397$1,068$811$530
24 years$2,196$1,694$1,292$975$729$466
25 years$2,086$1,590$1,196$890$656$409
26 years$1,984$1,494$1,109$814$591$360
27 years$1,890$1,406$1,030$745$533$317
28 years$1,803$1,325$958$682$481$279
29 years$1,722$1,250$891$626$434$246
30 years$1,647$1,181$830$574$392$217
31 years$1,576$1,116$774$527$355$192
32 years$1,511$1,056$722$485$321$169
33 years$1,449$1,000$674$446$290$149
34 years$1,391$948$630$410$263$132
35 years$1,336$899$589$378$238$117
36 years$1,285$853$551$348$216$103
37 years$1,236$810$516$320$195$91
38 years$1,191$770$483$295$177$80
39 years$1,147$732$452$272$161$71
40 years$1,106$697$424$251$146$63
41 years$1,067$663$398$232$132$56
42 years$1,030$632$373$214$120$49
43 years$995$602$350$197$109$43
44 years$961$574$329$182$99$38
45 years$929$547$308$168$90$34
46 years$899$522$290$155$81$30
47 years$870$498$272$144$74$27
48 years$842$475$256$133$67$24
49 years$815$454$240$123$61$21
50 years$790$434$226$113$55$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $809,000, adding $6,903 every year, while hoping to spend $20,101 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: 37/50/13 Blend
66$809,000$809,000$809,000$809,000
67$898,638$855,761$843,222$928,075
68$968,912$876,306$850,083$970,324
69$1,045,680$897,184$856,499$1,013,483
70$1,129,584$918,391$862,436$1,059,660
71$1,221,329$939,919$867,855$1,109,136
72$1,321,692$961,763$872,716$1,162,217
73$1,431,530$983,914$876,977$1,219,244
74$1,551,784$1,006,365$880,594$1,280,591
75$1,683,493$1,029,104$883,521$1,346,667
76$1,827,799$1,052,120$885,709$1,417,928
77$1,985,962$1,075,400$887,107$1,494,873
78$2,159,365$1,098,930$887,661$1,578,053
79$2,349,538$1,122,695$887,315$1,668,073
80$2,558,161$1,146,677$886,010$1,765,603
81$2,787,085$1,170,856$883,683$1,871,379
82$3,038,352$1,195,212$880,270$1,986,214
83$3,314,207$1,219,722$875,703$2,111,002
84$3,617,128$1,244,359$869,911$2,246,730
85$3,949,839$1,269,097$862,817$2,394,486
86$4,315,346$1,293,906$854,345$2,555,468
87$4,716,957$1,318,753$844,411$2,730,997
88$5,158,318$1,343,604$832,930$2,922,530
89$5,643,445$1,368,419$819,812$3,131,672
90$6,176,763$1,393,158$804,962$3,360,193
91$6,763,147$1,417,776$788,282$3,610,045
92$7,407,967$1,442,226$769,668$3,883,379
93$8,117,140$1,466,456$749,013$4,182,565
94$8,897,186$1,490,410$726,202$4,510,217
95$9,755,287$1,514,029$701,119$4,869,218
96$10,699,359$1,537,248$673,639$5,262,744
97$11,738,121$1,560,000$643,632$5,694,298
98$12,881,180$1,582,211$610,965$6,167,740
99$14,139,123$1,603,802$575,495$6,687,326
100$15,523,614$1,624,689$537,074$7,257,749