Can I retire at age 67 with 812,000?

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 $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%18.8%
1 years$67,054$66,457$65,874$65,305$64,750$62,453
2 years$33,195$32,577$31,978$31,397$30,833$28,543
3 years$21,910$21,289$20,692$20,116$19,562$17,351
4 years$16,269$15,650$15,058$14,493$13,952$11,837
5 years$12,885$12,270$11,686$11,132$10,606$8,593
6 years$10,630$10,019$9,444$8,902$8,392$6,482
7 years$9,020$8,414$7,848$7,319$6,825$5,018
8 years$7,812$7,212$6,656$6,140$5,662$3,956
9 years$6,874$6,280$5,733$5,230$4,768$3,162
10 years$6,124$5,535$4,998$4,508$4,063$2,553
11 years$5,510$4,928$4,400$3,923$3,494$2,077
12 years$5,000$4,423$3,905$3,441$3,028$1,701
13 years$4,568$3,997$3,489$3,038$2,640$1,400
14 years$4,198$3,633$3,135$2,697$2,315$1,156
15 years$3,877$3,319$2,830$2,405$2,038$958
16 years$3,597$3,045$2,566$2,154$1,801$796
17 years$3,351$2,804$2,335$1,935$1,597$663
18 years$3,132$2,591$2,131$1,744$1,420$553
19 years$2,936$2,402$1,951$1,576$1,266$462
20 years$2,760$2,232$1,791$1,427$1,131$387
21 years$2,601$2,079$1,647$1,295$1,012$324
22 years$2,456$1,940$1,518$1,178$907$271
23 years$2,325$1,815$1,402$1,072$814$228
24 years$2,204$1,700$1,296$978$732$191
25 years$2,093$1,596$1,201$893$658$160
26 years$1,991$1,500$1,114$817$593$135
27 years$1,897$1,411$1,034$748$535$113
28 years$1,810$1,330$961$685$482$95
29 years$1,729$1,255$895$628$436$80
30 years$1,653$1,185$833$576$394$67
31 years$1,582$1,120$777$529$356$57
32 years$1,516$1,060$725$487$322$48
33 years$1,454$1,004$677$447$291$40
34 years$1,396$951$632$412$264$34
35 years$1,341$902$591$379$239$28
36 years$1,290$856$553$349$216$24
37 years$1,241$813$518$322$196$20
38 years$1,195$773$485$296$178$17
39 years$1,151$735$454$273$161$14
40 years$1,110$699$426$252$146$12
41 years$1,071$666$399$233$133$10
42 years$1,034$634$374$215$120$8
43 years$998$604$351$198$109$7
44 years$965$576$330$183$99$6
45 years$933$549$310$169$90$5
46 years$902$524$291$156$82$4
47 years$873$500$273$144$74$4
48 years$845$477$257$133$67$3
49 years$818$456$241$123$61$3
50 years$793$435$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $812,000, adding $2,882 every year, while hoping to spend $52,472 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: 39/32/29 Blend
66$812,000$812,000$812,000$812,000
67$897,797$854,761$842,175$925,000
68$933,542$840,814$814,558$931,236
69$971,175$824,426$784,257$932,942
70$1,010,833$805,420$751,127$933,795
71$1,052,664$783,612$715,016$933,751
72$1,096,832$758,805$675,766$932,768
73$1,143,514$730,792$633,209$930,803
74$1,192,904$699,352$587,173$927,812
75$1,245,213$664,254$537,477$923,756
76$1,300,674$625,251$483,931$918,592
77$1,359,537$582,083$426,337$912,285
78$1,422,079$534,474$364,489$904,798
79$1,488,602$482,135$298,170$896,099
80$1,559,438$424,757$227,157$886,159
81$1,634,947$362,017$151,213$874,955
82$1,715,525$293,570$70,093$862,469
83$1,801,608$219,054$0$848,688
84$1,893,672$138,087$0$838,708
85$1,992,237$50,263$0$850,911
86$2,097,876$0$0$863,688
87$2,211,216$0$0$892,948
88$2,332,948$0$0$943,458
89$2,463,825$0$0$997,842
90$2,604,680$0$0$1,056,455
91$2,756,422$0$0$1,119,687
92$2,920,052$0$0$1,187,965
93$3,096,671$0$0$1,261,762
94$3,287,487$0$0$1,341,593
95$3,493,827$0$0$1,428,028
96$3,717,150$0$0$1,521,691
97$3,959,062$0$0$1,623,270
98$4,221,325$0$0$1,733,520
99$4,505,880$0$0$1,853,274
100$4,814,861$0$0$1,983,444