Can I retire at age 67 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$67,963$67,357$66,767$66,190$65,627$64,067
2 years$33,645$33,018$32,411$31,822$31,251$29,688
3 years$22,207$21,578$20,972$20,389$19,827$18,310
4 years$16,489$15,862$15,262$14,689$14,141$12,682
5 years$13,060$12,436$11,844$11,283$10,750$9,353
6 years$10,774$10,155$9,572$9,023$8,506$7,172
7 years$9,142$8,528$7,954$7,418$6,917$5,648
8 years$7,918$7,310$6,746$6,223$5,739$4,532
9 years$6,967$6,365$5,810$5,300$4,833$3,688
10 years$6,207$5,610$5,065$4,569$4,118$3,034
11 years$5,585$4,994$4,460$3,976$3,541$2,517
12 years$5,067$4,483$3,958$3,488$3,069$2,103
13 years$4,629$4,051$3,536$3,079$2,676$1,766
14 years$4,255$3,682$3,177$2,733$2,346$1,489
15 years$3,930$3,364$2,868$2,438$2,066$1,261
16 years$3,646$3,086$2,601$2,183$1,826$1,071
17 years$3,396$2,842$2,367$1,961$1,619$911
18 years$3,174$2,626$2,160$1,767$1,439$777
19 years$2,976$2,434$1,978$1,597$1,283$664
20 years$2,797$2,262$1,815$1,446$1,146$569
21 years$2,636$2,107$1,669$1,313$1,025$487
22 years$2,490$1,967$1,539$1,194$919$418
23 years$2,356$1,839$1,421$1,087$825$359
24 years$2,234$1,723$1,314$991$742$309
25 years$2,122$1,617$1,217$905$667$265
26 years$2,018$1,520$1,129$828$601$228
27 years$1,923$1,431$1,048$758$542$197
28 years$1,834$1,348$974$694$489$169
29 years$1,752$1,272$907$637$442$146
30 years$1,675$1,201$845$584$399$126
31 years$1,604$1,135$787$537$361$108
32 years$1,537$1,074$735$493$326$93
33 years$1,474$1,017$686$454$295$81
34 years$1,415$964$641$417$267$70
35 years$1,359$915$599$384$242$60
36 years$1,307$868$560$354$219$52
37 years$1,258$824$525$326$199$45
38 years$1,211$783$491$300$180$39
39 years$1,167$745$460$277$163$33
40 years$1,125$709$431$256$148$29
41 years$1,085$675$405$236$135$25
42 years$1,048$643$379$218$122$21
43 years$1,012$612$356$201$111$18
44 years$978$584$334$185$101$16
45 years$945$557$314$171$91$14
46 years$914$531$295$158$83$12
47 years$885$507$277$146$75$10
48 years$856$484$260$135$68$9
49 years$829$462$245$125$62$8
50 years$804$441$230$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $823,000, adding $5,084 every year, while hoping to spend $49,375 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: 50/20/30 Blend
66$823,000$823,000$823,000$823,000
67$912,190$868,571$855,815$949,817
68$952,699$858,597$831,950$966,739
69$995,685$846,478$805,631$979,839
70$1,041,348$832,059$776,723$993,132
71$1,089,909$815,173$745,086$1,006,662
72$1,141,606$795,643$710,573$1,020,478
73$1,196,703$773,283$673,030$1,034,638
74$1,255,487$747,895$632,298$1,049,209
75$1,318,275$719,269$588,207$1,064,270
76$1,385,410$687,184$540,584$1,079,910
77$1,457,272$651,407$489,244$1,096,233
78$1,534,277$611,689$433,996$1,113,355
79$1,616,880$567,768$374,641$1,131,411
80$1,705,580$519,367$310,971$1,150,555
81$1,800,927$466,194$242,766$1,170,958
82$1,903,523$407,939$169,800$1,192,819
83$2,014,029$344,274$91,834$1,216,359
84$2,133,171$274,855$8,622$1,241,829
85$2,261,748$199,316$0$1,269,512
86$2,400,636$117,273$0$1,325,393
87$2,550,798$28,316$0$1,388,778
88$2,713,294$0$0$1,457,396
89$2,889,287$0$0$1,546,755
90$3,080,058$0$0$1,650,444
91$3,287,013$0$0$1,763,007
92$3,511,701$0$0$1,885,293
93$3,755,823$0$0$2,018,240
94$4,021,252$0$0$2,162,879
95$4,310,049$0$0$2,320,341
96$4,624,480$0$0$2,491,876
97$4,967,039$0$0$2,678,856
98$5,340,471$0$0$2,882,790
99$5,747,798$0$0$3,105,343
100$6,192,343$0$0$3,348,344