Can I retire at age 67 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$67,385$66,784$66,199$65,627$65,069$64,605
2 years$33,359$32,737$32,135$31,551$30,985$30,517
3 years$22,018$21,394$20,794$20,215$19,658$19,201
4 years$16,349$15,727$15,132$14,564$14,020$13,577
5 years$12,949$12,330$11,743$11,187$10,658$10,230
6 years$10,682$10,069$9,490$8,946$8,433$8,022
7 years$9,064$8,456$7,887$7,355$6,859$6,463
8 years$7,851$7,248$6,688$6,170$5,690$5,310
9 years$6,908$6,311$5,761$5,255$4,792$4,428
10 years$6,154$5,563$5,022$4,530$4,083$3,735
11 years$5,538$4,952$4,422$3,943$3,511$3,179
12 years$5,024$4,445$3,924$3,458$3,043$2,726
13 years$4,590$4,017$3,506$3,053$2,653$2,352
14 years$4,218$3,651$3,150$2,710$2,326$2,039
15 years$3,897$3,335$2,844$2,417$2,048$1,775
16 years$3,615$3,060$2,579$2,164$1,810$1,551
17 years$3,367$2,818$2,346$1,944$1,605$1,359
18 years$3,147$2,604$2,142$1,752$1,427$1,195
19 years$2,950$2,413$1,961$1,583$1,272$1,052
20 years$2,773$2,243$1,800$1,434$1,136$928
21 years$2,613$2,089$1,655$1,302$1,017$821
22 years$2,468$1,950$1,526$1,183$911$726
23 years$2,336$1,824$1,409$1,078$818$644
24 years$2,215$1,709$1,303$983$735$571
25 years$2,104$1,604$1,207$898$662$507
26 years$2,001$1,507$1,119$821$596$451
27 years$1,907$1,418$1,039$751$537$401
28 years$1,819$1,337$966$688$485$357
29 years$1,737$1,261$899$631$438$318
30 years$1,661$1,191$837$579$396$284
31 years$1,590$1,126$781$532$358$253
32 years$1,524$1,065$728$489$324$226
33 years$1,461$1,009$680$450$293$201
34 years$1,403$956$635$414$265$180
35 years$1,348$907$594$381$240$161
36 years$1,296$861$556$351$218$143
37 years$1,247$817$520$323$197$128
38 years$1,201$777$487$298$179$115
39 years$1,157$739$456$275$162$102
40 years$1,116$703$428$253$147$92
41 years$1,076$669$401$234$133$82
42 years$1,039$637$376$216$121$73
43 years$1,003$607$353$199$110$65
44 years$970$579$331$184$100$59
45 years$937$552$311$170$91$52
46 years$907$526$292$157$82$47
47 years$877$502$275$145$75$42
48 years$849$480$258$134$68$38
49 years$822$458$243$124$62$34
50 years$797$437$228$114$56$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $816,000, adding $4,494 every year, while hoping to spend $29,103 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: 82/12/6 Blend
66$816,000$816,000$816,000$816,000
67$903,868$860,620$847,972$977,264
68$965,097$871,825$845,413$1,037,104
69$1,031,596$882,603$841,794$1,098,416
70$1,103,872$892,904$837,047$1,164,822
71$1,182,482$902,671$831,103$1,236,813
72$1,268,040$911,847$823,890$1,314,933
73$1,361,220$920,368$815,331$1,399,777
74$1,462,766$928,168$805,346$1,492,005
75$1,573,495$935,174$793,852$1,592,341
76$1,694,306$941,313$780,760$1,701,582
77$1,826,190$946,501$765,980$1,820,609
78$1,970,236$950,655$749,416$1,950,389
79$2,127,645$953,682$730,966$2,091,989
80$2,299,738$955,486$710,527$2,246,584
81$2,487,969$955,962$687,987$2,415,469
82$2,693,940$955,003$663,233$2,600,070
83$2,919,415$952,490$636,143$2,801,960
84$3,166,334$948,301$606,593$3,022,868
85$3,436,837$942,305$574,451$3,264,704
86$3,733,279$934,362$539,580$3,529,570
87$4,058,253$924,326$501,835$3,819,782
88$4,414,616$912,039$461,068$4,137,892
89$4,805,515$897,337$417,122$4,486,714
90$5,234,414$880,043$369,832$4,869,347
91$5,705,132$859,972$319,029$5,289,205
92$6,221,872$836,927$264,533$5,750,054
93$6,789,266$810,700$206,158$6,256,041
94$7,412,416$781,070$143,709$6,811,736
95$8,096,943$747,803$76,984$7,422,177
96$8,849,038$710,652$5,770$8,092,914
97$9,675,523$669,356$0$8,830,065
98$10,583,911$623,640$0$9,644,867
99$11,582,482$573,210$0$10,540,940
100$12,680,355$517,758$0$11,526,118