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%18.3%
1 years$67,632$67,030$66,442$65,868$65,308$63,117
2 years$33,481$32,858$32,253$31,667$31,099$28,913
3 years$22,099$21,473$20,870$20,290$19,731$17,618
4 years$16,409$15,785$15,188$14,618$14,072$12,050
5 years$12,996$12,376$11,787$11,228$10,697$8,770
6 years$10,721$10,106$9,525$8,979$8,464$6,634
7 years$9,097$8,487$7,916$7,382$6,884$5,150
8 years$7,880$7,275$6,713$6,193$5,711$4,073
9 years$6,933$6,334$5,782$5,275$4,809$3,265
10 years$6,177$5,583$5,041$4,547$4,098$2,644
11 years$5,558$4,970$4,438$3,957$3,524$2,159
12 years$5,043$4,461$3,938$3,471$3,054$1,773
13 years$4,607$4,031$3,519$3,064$2,663$1,464
14 years$4,234$3,664$3,162$2,720$2,335$1,214
15 years$3,911$3,348$2,855$2,426$2,055$1,010
16 years$3,628$3,071$2,588$2,172$1,817$842
17 years$3,380$2,829$2,355$1,952$1,611$704
18 years$3,159$2,614$2,150$1,759$1,432$590
19 years$2,961$2,422$1,968$1,589$1,277$494
20 years$2,784$2,251$1,806$1,439$1,140$415
21 years$2,623$2,097$1,661$1,306$1,020$349
22 years$2,477$1,957$1,531$1,188$915$294
23 years$2,345$1,831$1,414$1,082$821$247
24 years$2,223$1,715$1,308$987$738$208
25 years$2,112$1,610$1,211$901$664$176
26 years$2,009$1,513$1,123$824$598$148
27 years$1,914$1,424$1,043$754$539$125
28 years$1,825$1,341$970$691$487$105
29 years$1,743$1,266$902$634$439$89
30 years$1,667$1,195$840$581$397$75
31 years$1,596$1,130$783$534$359$63
32 years$1,529$1,069$731$491$325$54
33 years$1,467$1,012$683$451$294$45
34 years$1,408$960$638$415$266$38
35 years$1,353$910$596$382$241$32
36 years$1,301$864$558$352$218$27
37 years$1,252$820$522$324$198$23
38 years$1,205$780$489$299$179$19
39 years$1,161$741$458$276$163$16
40 years$1,120$705$429$254$148$14
41 years$1,080$671$403$235$134$12
42 years$1,043$639$378$216$121$10
43 years$1,007$609$354$200$110$8
44 years$973$581$333$185$100$7
45 years$941$554$312$170$91$6
46 years$910$528$293$157$82$5
47 years$880$504$276$145$75$4
48 years$852$481$259$134$68$4
49 years$825$460$243$124$62$3
50 years$800$439$229$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $819,000, adding $5,517 every year, while hoping to spend $29,704 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: 65/10/25 Blend
66$819,000$819,000$819,000$819,000
67$908,229$864,822$852,127$961,000
68$969,263$875,593$849,069$1,008,026
69$1,035,528$885,897$844,912$1,055,577
70$1,107,524$895,679$839,589$1,106,881
71$1,185,805$904,880$833,029$1,162,308
72$1,270,978$913,440$825,156$1,222,268
73$1,363,712$921,293$815,893$1,287,213
74$1,464,742$928,367$805,157$1,357,642
75$1,574,877$934,589$792,861$1,434,103
76$1,695,010$939,879$778,917$1,517,205
77$1,826,120$944,153$763,230$1,607,616
78$1,969,288$947,319$745,702$1,706,075
79$2,125,700$949,283$726,228$1,813,396
80$2,296,667$949,943$704,702$1,930,478
81$2,483,628$949,192$681,011$2,058,313
82$2,688,169$946,913$655,035$2,197,994
83$2,912,036$942,986$626,653$2,350,727
84$3,157,153$937,281$595,735$2,517,843
85$3,425,636$929,661$562,145$2,700,810
86$3,719,818$919,981$525,744$2,901,246
87$4,042,266$908,087$486,384$3,120,937
88$4,395,810$893,816$443,910$3,361,852
89$4,783,564$876,994$398,162$3,626,162
90$5,208,959$857,439$348,972$3,916,264
91$5,675,775$834,955$296,165$4,234,798
92$6,188,174$809,339$239,557$4,584,678
93$6,750,743$780,371$178,957$4,969,117
94$7,368,531$747,822$114,165$5,391,656
95$8,047,105$711,449$44,972$5,856,202
96$8,792,593$670,993$0$6,367,064
97$9,611,748$626,182$0$6,936,691
98$10,512,009$576,729$0$7,575,923
99$11,501,574$522,327$0$8,278,590
100$12,589,470$462,657$0$9,051,124