Can I retire at age 67 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$67,467$66,866$66,280$65,708$65,149$63,139
2 years$33,400$32,778$32,175$31,590$31,023$29,016
3 years$22,045$21,420$20,819$20,240$19,682$17,741
4 years$16,369$15,746$15,151$14,582$14,038$12,176
5 years$12,964$12,345$11,758$11,200$10,671$8,895
6 years$10,695$10,081$9,502$8,957$8,444$6,755
7 years$9,075$8,466$7,896$7,364$6,867$5,265
8 years$7,861$7,257$6,697$6,177$5,697$4,181
9 years$6,916$6,318$5,768$5,262$4,798$3,365
10 years$6,162$5,569$5,029$4,536$4,088$2,738
11 years$5,544$4,958$4,427$3,947$3,516$2,245
12 years$5,030$4,450$3,929$3,462$3,047$1,853
13 years$4,596$4,022$3,510$3,057$2,657$1,537
14 years$4,224$3,656$3,154$2,714$2,329$1,281
15 years$3,901$3,339$2,848$2,420$2,050$1,071
16 years$3,620$3,064$2,582$2,167$1,812$897
17 years$3,371$2,822$2,349$1,947$1,607$754
18 years$3,151$2,607$2,145$1,755$1,429$635
19 years$2,954$2,416$1,963$1,585$1,273$535
20 years$2,777$2,245$1,802$1,436$1,137$452
21 years$2,617$2,092$1,657$1,303$1,018$382
22 years$2,471$1,952$1,527$1,185$912$323
23 years$2,339$1,826$1,410$1,079$819$274
24 years$2,218$1,711$1,304$984$736$232
25 years$2,106$1,606$1,208$899$662$196
26 years$2,004$1,509$1,120$822$597$167
27 years$1,909$1,420$1,040$752$538$141
28 years$1,821$1,338$967$689$485$120
29 years$1,739$1,262$900$632$438$102
30 years$1,663$1,192$838$580$396$86
31 years$1,592$1,127$782$533$358$73
32 years$1,525$1,066$729$490$324$62
33 years$1,463$1,010$681$450$293$53
34 years$1,405$957$636$414$265$45
35 years$1,349$908$595$381$240$38
36 years$1,298$862$556$351$218$33
37 years$1,249$818$521$324$197$28
38 years$1,202$778$488$298$179$24
39 years$1,158$740$457$275$162$20
40 years$1,117$704$428$254$147$17
41 years$1,078$670$402$234$134$14
42 years$1,040$638$377$216$121$12
43 years$1,005$608$353$199$110$10
44 years$971$579$332$184$100$9
45 years$938$552$312$170$91$8
46 years$908$527$293$157$82$6
47 years$878$503$275$145$75$5
48 years$850$480$258$134$68$5
49 years$823$459$243$124$62$4
50 years$798$438$228$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $817,000, adding $2,088 every year, while hoping to spend $30,717 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: 68/21/11 Blend
66$817,000$817,000$817,000$817,000
67$902,488$859,187$846,523$961,616
68$961,859$868,604$842,199$1,010,592
69$1,026,256$877,454$836,701$1,060,259
70$1,096,160$885,675$829,956$1,113,776
71$1,172,099$893,203$821,890$1,171,514
72$1,254,654$899,971$812,424$1,233,886
73$1,344,464$905,905$801,475$1,301,345
74$1,442,232$910,927$788,958$1,374,393
75$1,548,733$914,955$774,781$1,453,579
76$1,664,817$917,902$758,850$1,539,513
77$1,791,423$919,674$741,066$1,632,864
78$1,929,582$920,171$721,325$1,734,374
79$2,080,428$919,289$699,519$1,844,856
80$2,245,214$916,916$675,534$1,965,210
81$2,425,313$912,932$649,252$2,096,429
82$2,622,242$907,213$620,549$2,239,605
83$2,837,669$899,624$589,295$2,395,945
84$3,073,429$890,024$555,355$2,566,778
85$3,331,547$878,263$518,587$2,753,570
86$3,614,248$864,181$478,843$2,957,940
87$3,923,985$847,610$435,968$3,181,670
88$4,263,460$828,371$389,801$3,426,727
89$4,635,647$806,275$340,174$3,695,279
90$5,043,822$781,122$286,909$3,989,717
91$5,491,594$752,700$229,823$4,312,679
92$5,982,938$720,783$168,723$4,667,071
93$6,522,232$685,136$103,410$5,056,099
94$7,114,299$645,507$33,673$5,483,298
95$7,764,451$601,630$0$5,952,566
96$8,478,539$553,224$0$6,472,984
97$9,263,012$499,993$0$7,049,036
98$10,124,969$441,624$0$7,682,017
99$11,072,236$377,783$0$8,377,719
100$12,113,432$308,122$0$9,142,522