Can I retire at age 67 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$67,632$67,030$66,442$65,868$65,308$64,978
2 years$33,481$32,858$32,253$31,667$31,099$30,766
3 years$22,099$21,473$20,870$20,290$19,731$19,405
4 years$16,409$15,785$15,188$14,618$14,072$13,756
5 years$12,996$12,376$11,787$11,228$10,697$10,392
6 years$10,721$10,106$9,525$8,979$8,464$8,170
7 years$9,097$8,487$7,916$7,382$6,884$6,601
8 years$7,880$7,275$6,713$6,193$5,711$5,439
9 years$6,933$6,334$5,782$5,275$4,809$4,549
10 years$6,177$5,583$5,041$4,547$4,098$3,849
11 years$5,558$4,970$4,438$3,957$3,524$3,286
12 years$5,043$4,461$3,938$3,471$3,054$2,826
13 years$4,607$4,031$3,519$3,064$2,663$2,446
14 years$4,234$3,664$3,162$2,720$2,335$2,128
15 years$3,911$3,348$2,855$2,426$2,055$1,859
16 years$3,628$3,071$2,588$2,172$1,817$1,630
17 years$3,380$2,829$2,355$1,952$1,611$1,433
18 years$3,159$2,614$2,150$1,759$1,432$1,264
19 years$2,961$2,422$1,968$1,589$1,277$1,117
20 years$2,784$2,251$1,806$1,439$1,140$989
21 years$2,623$2,097$1,661$1,306$1,020$877
22 years$2,477$1,957$1,531$1,188$915$780
23 years$2,345$1,831$1,414$1,082$821$694
24 years$2,223$1,715$1,308$987$738$618
25 years$2,112$1,610$1,211$901$664$551
26 years$2,009$1,513$1,123$824$598$492
27 years$1,914$1,424$1,043$754$539$439
28 years$1,825$1,341$970$691$487$393
29 years$1,743$1,266$902$634$439$351
30 years$1,667$1,195$840$581$397$314
31 years$1,596$1,130$783$534$359$281
32 years$1,529$1,069$731$491$325$252
33 years$1,467$1,012$683$451$294$226
34 years$1,408$960$638$415$266$202
35 years$1,353$910$596$382$241$182
36 years$1,301$864$558$352$218$163
37 years$1,252$820$522$324$198$146
38 years$1,205$780$489$299$179$131
39 years$1,161$741$458$276$163$118
40 years$1,120$705$429$254$148$106
41 years$1,080$671$403$235$134$95
42 years$1,043$639$378$216$121$85
43 years$1,007$609$354$200$110$77
44 years$973$581$333$185$100$69
45 years$941$554$312$170$91$62
46 years$910$528$293$157$82$56
47 years$880$504$276$145$75$50
48 years$852$481$259$134$68$45
49 years$825$460$243$124$62$40
50 years$800$439$229$115$56$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $819,000, adding $2,131 every year, while hoping to spend $22,079 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: 68/10/22 Blend
66$819,000$819,000$819,000$819,000
67$904,736$861,329$848,635$961,101
68$973,527$880,042$853,572$1,017,833
69$1,048,595$898,933$857,935$1,077,120
70$1,130,557$917,985$861,680$1,141,451
71$1,220,091$937,184$864,764$1,211,324
72$1,317,946$956,511$867,139$1,287,286
73$1,424,944$975,948$868,756$1,369,941
74$1,541,991$995,473$869,563$1,459,954
75$1,670,087$1,015,063$869,505$1,558,058
76$1,810,328$1,034,694$868,526$1,665,061
77$1,963,926$1,054,338$866,566$1,781,854
78$2,132,212$1,073,967$863,562$1,909,417
79$2,316,655$1,093,548$859,449$2,048,832
80$2,518,870$1,113,048$854,156$2,201,291
81$2,740,637$1,132,430$847,613$2,368,108
82$2,983,917$1,151,654$839,743$2,550,730
83$3,250,870$1,170,678$830,467$2,750,753
84$3,543,873$1,189,455$819,702$2,969,936
85$3,865,547$1,207,938$807,361$3,210,217
86$4,218,778$1,226,072$793,353$3,473,734
87$4,606,745$1,243,801$777,582$3,762,841
88$5,032,951$1,261,066$759,949$4,080,133
89$5,501,254$1,277,800$740,350$4,428,472
90$6,015,905$1,293,935$718,674$4,811,011
91$6,581,586$1,309,396$694,808$5,231,225
92$7,203,456$1,324,105$668,633$5,692,944
93$7,887,199$1,337,977$640,023$6,200,391
94$8,639,077$1,350,922$608,847$6,758,219
95$9,465,990$1,362,844$574,970$7,371,558
96$10,375,538$1,373,640$538,249$8,046,059
97$11,376,096$1,383,202$498,534$8,787,955
98$12,476,893$1,391,413$455,669$9,604,111
99$13,688,094$1,398,151$409,492$10,502,098
100$15,020,902$1,403,283$359,833$11,490,256