Can I retire at age 67 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$67,219$66,621$66,036$65,466$64,910$64,636
2 years$33,277$32,657$32,057$31,474$30,909$30,633
3 years$21,964$21,342$20,743$20,166$19,610$19,340
4 years$16,309$15,688$15,095$14,528$13,986$13,724
5 years$12,917$12,300$11,715$11,159$10,632$10,379
6 years$10,656$10,044$9,467$8,924$8,413$8,168
7 years$9,042$8,435$7,867$7,337$6,842$6,607
8 years$7,832$7,230$6,672$6,155$5,676$5,450
9 years$6,891$6,295$5,747$5,243$4,780$4,563
10 years$6,139$5,549$5,010$4,519$4,073$3,865
11 years$5,524$4,940$4,411$3,933$3,503$3,304
12 years$5,012$4,434$3,914$3,450$3,035$2,846
13 years$4,579$4,007$3,497$3,046$2,647$2,466
14 years$4,208$3,642$3,142$2,704$2,320$2,148
15 years$3,887$3,327$2,837$2,411$2,043$1,879
16 years$3,606$3,053$2,572$2,159$1,806$1,649
17 years$3,359$2,811$2,341$1,940$1,601$1,452
18 years$3,139$2,598$2,137$1,748$1,423$1,283
19 years$2,943$2,408$1,956$1,580$1,269$1,135
20 years$2,767$2,237$1,795$1,431$1,133$1,007
21 years$2,607$2,084$1,651$1,298$1,014$894
22 years$2,462$1,945$1,522$1,180$909$796
23 years$2,330$1,819$1,405$1,075$816$709
24 years$2,210$1,705$1,300$981$733$633
25 years$2,099$1,600$1,204$895$660$565
26 years$1,996$1,503$1,116$819$595$505
27 years$1,902$1,415$1,037$749$536$452
28 years$1,814$1,333$964$687$484$404
29 years$1,733$1,258$897$630$437$362
30 years$1,657$1,188$835$578$395$325
31 years$1,586$1,123$779$531$357$291
32 years$1,520$1,063$727$488$323$261
33 years$1,458$1,006$678$449$292$235
34 years$1,399$954$634$413$264$211
35 years$1,345$905$593$380$239$189
36 years$1,293$859$554$350$217$170
37 years$1,244$815$519$322$197$153
38 years$1,198$775$486$297$178$137
39 years$1,154$737$455$274$162$124
40 years$1,113$701$427$253$147$111
41 years$1,074$667$400$233$133$100
42 years$1,036$636$375$215$121$90
43 years$1,001$606$352$199$110$81
44 years$967$577$331$183$99$73
45 years$935$550$310$169$90$66
46 years$904$525$292$156$82$59
47 years$875$501$274$145$74$53
48 years$847$478$257$134$68$48
49 years$820$457$242$123$61$43
50 years$795$436$227$114$56$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $814,000, adding $6,121 every year, while hoping to spend $48,651 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: 46/40/14 Blend
66$814,000$814,000$814,000$814,000
67$903,342$860,200$847,583$941,049
68$943,718$850,585$824,213$958,237
69$986,583$838,869$798,429$971,435
70$1,032,137$824,897$770,099$984,686
71$1,080,604$808,505$739,086$998,012
72$1,132,224$789,521$705,244$1,011,445
73$1,187,264$767,760$668,423$1,025,018
74$1,246,013$743,029$628,463$1,038,776
75$1,308,791$715,122$585,201$1,052,770
76$1,375,947$683,821$538,464$1,067,061
77$1,447,862$648,898$488,072$1,081,720
78$1,524,957$610,107$433,836$1,096,830
79$1,607,693$567,192$375,559$1,112,490
80$1,696,574$519,881$313,037$1,128,811
81$1,792,155$467,886$246,054$1,145,922
82$1,895,045$410,902$174,387$1,163,973
83$2,005,913$348,610$97,802$1,183,135
84$2,125,493$280,668$16,055$1,203,601
85$2,254,591$206,720$0$1,225,594
86$2,394,096$126,385$0$1,259,999
87$2,544,980$39,264$0$1,299,719
88$2,708,314$0$0$1,342,721
89$2,885,277$0$0$1,413,649
90$3,077,163$0$0$1,509,378
91$3,285,395$0$0$1,613,344
92$3,511,539$0$0$1,726,340
93$3,757,318$0$0$1,849,238
94$4,024,625$0$0$1,982,996
95$4,315,545$0$0$2,128,668
96$4,632,373$0$0$2,287,417
97$4,977,630$0$0$2,460,519
98$5,354,096$0$0$2,649,381
99$5,764,827$0$0$2,855,550
100$6,213,188$0$0$3,080,730