Can I retire at age 67 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$67,054$66,457$65,874$65,305$64,750$63,365
2 years$33,195$32,577$31,978$31,397$30,833$29,445
3 years$21,910$21,289$20,692$20,116$19,562$18,213
4 years$16,269$15,650$15,058$14,493$13,952$12,653
5 years$12,885$12,270$11,686$11,132$10,606$9,361
6 years$10,630$10,019$9,444$8,902$8,392$7,202
7 years$9,020$8,414$7,848$7,319$6,825$5,690
8 years$7,812$7,212$6,656$6,140$5,662$4,582
9 years$6,874$6,280$5,733$5,230$4,768$3,743
10 years$6,124$5,535$4,998$4,508$4,063$3,091
11 years$5,510$4,928$4,400$3,923$3,494$2,574
12 years$5,000$4,423$3,905$3,441$3,028$2,158
13 years$4,568$3,997$3,489$3,038$2,640$1,820
14 years$4,198$3,633$3,135$2,697$2,315$1,541
15 years$3,877$3,319$2,830$2,405$2,038$1,310
16 years$3,597$3,045$2,566$2,154$1,801$1,117
17 years$3,351$2,804$2,335$1,935$1,597$955
18 years$3,132$2,591$2,131$1,744$1,420$818
19 years$2,936$2,402$1,951$1,576$1,266$703
20 years$2,760$2,232$1,791$1,427$1,131$604
21 years$2,601$2,079$1,647$1,295$1,012$520
22 years$2,456$1,940$1,518$1,178$907$448
23 years$2,325$1,815$1,402$1,072$814$387
24 years$2,204$1,700$1,296$978$732$334
25 years$2,093$1,596$1,201$893$658$289
26 years$1,991$1,500$1,114$817$593$249
27 years$1,897$1,411$1,034$748$535$216
28 years$1,810$1,330$961$685$482$187
29 years$1,729$1,255$895$628$436$162
30 years$1,653$1,185$833$576$394$140
31 years$1,582$1,120$777$529$356$121
32 years$1,516$1,060$725$487$322$105
33 years$1,454$1,004$677$447$291$91
34 years$1,396$951$632$412$264$79
35 years$1,341$902$591$379$239$69
36 years$1,290$856$553$349$216$59
37 years$1,241$813$518$322$196$52
38 years$1,195$773$485$296$178$45
39 years$1,151$735$454$273$161$39
40 years$1,110$699$426$252$146$34
41 years$1,071$666$399$233$133$29
42 years$1,034$634$374$215$120$25
43 years$998$604$351$198$109$22
44 years$965$576$330$183$99$19
45 years$933$549$310$169$90$17
46 years$902$524$291$156$82$14
47 years$873$500$273$144$74$12
48 years$845$477$257$133$67$11
49 years$818$456$241$123$61$9
50 years$793$435$227$114$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $812,000, adding $5,978 every year, while hoping to spend $43,946 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: 72/18/10 Blend
66$812,000$812,000$812,000$812,000
67$900,990$857,954$845,368$963,722
68$946,133$853,236$826,930$1,001,274
69$994,408$846,813$806,401$1,036,369
70$1,046,087$838,557$783,665$1,073,594
71$1,101,470$828,329$758,600$1,113,150
72$1,160,886$815,983$731,079$1,155,256
73$1,224,695$801,364$700,969$1,200,155
74$1,293,293$784,310$668,130$1,248,116
75$1,367,113$764,646$632,417$1,299,436
76$1,446,633$742,188$593,678$1,354,443
77$1,532,376$716,742$551,753$1,413,499
78$1,624,919$688,102$506,476$1,477,006
79$1,724,891$656,050$457,674$1,545,404
80$1,832,990$620,356$405,166$1,619,185
81$1,949,978$580,776$348,762$1,698,888
82$2,076,694$537,053$288,264$1,785,110
83$2,214,061$488,913$223,465$1,878,510
84$2,363,094$436,069$154,150$1,979,818
85$2,524,910$378,216$80,094$2,089,839
86$2,700,735$315,033$1,062$2,209,461
87$2,891,921$246,180$0$2,339,668
88$3,099,952$171,299$0$2,490,428
89$3,326,464$90,009$0$2,654,754
90$3,573,255$1,911$0$2,833,883
91$3,842,305$0$0$3,029,306
92$4,135,792$0$0$3,261,171
93$4,456,114$0$0$3,514,687
94$4,805,911$0$0$3,791,569
95$5,188,088$0$0$4,094,123
96$5,605,844$0$0$4,424,884
97$6,062,702$0$0$4,786,648
98$6,562,538$0$0$5,182,491
99$7,109,624$0$0$5,615,799
100$7,708,659$0$0$6,090,302