Can I retire at age 67 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$67,715$67,112$66,523$65,949$65,388$63,601
2 years$33,522$32,898$32,293$31,706$31,137$29,350
3 years$22,126$21,499$20,896$20,314$19,755$18,023
4 years$16,429$15,804$15,207$14,635$14,089$12,426
5 years$13,012$12,391$11,801$11,241$10,710$9,121
6 years$10,735$10,118$9,537$8,990$8,475$6,960
7 years$9,108$8,497$7,925$7,391$6,892$5,453
8 years$7,889$7,283$6,721$6,200$5,718$4,353
9 years$6,942$6,342$5,789$5,281$4,815$3,523
10 years$6,184$5,590$5,047$4,552$4,103$2,882
11 years$5,565$4,976$4,443$3,962$3,529$2,378
12 years$5,049$4,466$3,943$3,475$3,058$1,974
13 years$4,613$4,036$3,523$3,068$2,666$1,648
14 years$4,239$3,669$3,165$2,723$2,337$1,381
15 years$3,916$3,352$2,858$2,429$2,058$1,162
16 years$3,633$3,075$2,591$2,175$1,819$980
17 years$3,384$2,832$2,358$1,954$1,613$829
18 years$3,162$2,617$2,152$1,761$1,434$703
19 years$2,965$2,425$1,970$1,591$1,278$596
20 years$2,787$2,254$1,808$1,441$1,142$507
21 years$2,626$2,099$1,663$1,308$1,022$432
22 years$2,480$1,960$1,533$1,189$916$368
23 years$2,348$1,833$1,416$1,083$822$313
24 years$2,226$1,717$1,309$988$739$267
25 years$2,114$1,611$1,212$902$665$228
26 years$2,011$1,515$1,125$825$599$195
27 years$1,916$1,425$1,044$755$540$167
28 years$1,828$1,343$971$692$487$143
29 years$1,746$1,267$903$634$440$122
30 years$1,669$1,197$841$582$398$104
31 years$1,598$1,131$784$535$359$89
32 years$1,531$1,070$732$491$325$76
33 years$1,468$1,014$683$452$294$65
34 years$1,410$961$639$416$266$56
35 years$1,354$911$597$383$241$48
36 years$1,302$865$558$352$219$41
37 years$1,253$821$523$325$198$35
38 years$1,207$781$489$299$180$30
39 years$1,163$742$459$276$163$26
40 years$1,121$706$430$255$148$22
41 years$1,082$672$403$235$134$19
42 years$1,044$640$378$217$122$16
43 years$1,008$610$355$200$110$14
44 years$974$581$333$185$100$12
45 years$942$555$313$171$91$10
46 years$911$529$294$158$83$9
47 years$882$505$276$146$75$7
48 years$853$482$259$135$68$6
49 years$826$460$244$124$62$5
50 years$801$440$229$115$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $820,000, adding $5,532 every year, while hoping to spend $20,530 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: 84/8/8 Blend
66$820,000$820,000$820,000$820,000
67$909,346$865,886$853,176$984,443
68$980,256$886,471$859,914$1,054,909
69$1,057,710$907,376$866,189$1,128,944
70$1,142,355$928,596$871,965$1,209,622
71$1,234,901$950,124$877,202$1,297,597
72$1,336,132$971,951$881,859$1,393,591
73$1,446,910$994,068$885,894$1,498,398
74$1,568,184$1,016,466$889,260$1,612,890
75$1,700,998$1,039,133$891,910$1,738,032
76$1,846,505$1,062,056$893,794$1,874,883
77$2,005,972$1,085,219$894,859$2,024,611
78$2,180,794$1,108,609$895,050$2,188,504
79$2,372,510$1,132,206$894,310$2,367,977
80$2,582,814$1,155,991$892,577$2,564,593
81$2,813,570$1,179,944$889,787$2,780,071
82$3,066,833$1,204,040$885,874$3,016,305
83$3,344,867$1,228,255$880,768$3,275,384
84$3,650,165$1,252,561$874,395$3,559,606
85$3,985,474$1,276,928$866,679$3,871,505
86$4,353,817$1,301,323$857,538$4,213,873
87$4,758,530$1,325,711$846,888$4,589,784
88$5,203,282$1,350,053$834,642$5,002,627
89$5,692,120$1,374,309$820,705$5,456,136
90$6,229,500$1,398,434$804,982$5,954,424
91$6,820,331$1,422,379$787,371$6,502,024
92$7,470,023$1,446,093$767,766$7,103,929
93$8,184,534$1,469,521$746,056$7,765,643
94$8,970,432$1,492,603$722,124$8,493,229
95$9,834,951$1,515,275$695,850$9,293,369
96$10,786,060$1,537,468$667,105$10,173,424
97$11,832,543$1,559,109$635,758$11,141,508
98$12,984,076$1,580,119$601,669$12,206,560
99$14,251,320$1,600,413$564,694$13,378,430
100$15,646,024$1,619,903$524,680$14,667,973