Can I retire at age 67 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$68,128$67,521$66,929$66,351$65,787$63,809
2 years$33,727$33,098$32,490$31,899$31,327$29,351
3 years$22,261$21,630$21,023$20,438$19,875$17,963
4 years$16,529$15,900$15,299$14,725$14,175$12,341
5 years$13,091$12,466$11,873$11,310$10,776$9,025
6 years$10,800$10,180$9,595$9,045$8,526$6,861
7 years$9,164$8,549$7,974$7,436$6,934$5,354
8 years$7,938$7,328$6,762$6,238$5,753$4,256
9 years$6,984$6,380$5,824$5,313$4,845$3,430
10 years$6,222$5,624$5,078$4,580$4,128$2,794
11 years$5,599$5,007$4,470$3,986$3,550$2,294
12 years$5,080$4,494$3,967$3,496$3,076$1,896
13 years$4,641$4,061$3,545$3,087$2,683$1,575
14 years$4,265$3,691$3,185$2,740$2,352$1,314
15 years$3,940$3,372$2,875$2,444$2,071$1,100
16 years$3,655$3,094$2,607$2,188$1,830$924
17 years$3,404$2,849$2,372$1,966$1,623$777
18 years$3,182$2,633$2,166$1,772$1,443$655
19 years$2,983$2,440$1,982$1,601$1,286$553
20 years$2,804$2,267$1,819$1,450$1,149$468
21 years$2,642$2,112$1,674$1,316$1,028$396
22 years$2,496$1,972$1,542$1,196$921$335
23 years$2,362$1,844$1,424$1,090$827$284
24 years$2,239$1,728$1,317$994$743$241
25 years$2,127$1,621$1,220$908$669$205
26 years$2,023$1,524$1,131$830$603$174
27 years$1,928$1,434$1,051$760$543$148
28 years$1,839$1,351$977$696$490$126
29 years$1,756$1,275$909$638$443$107
30 years$1,679$1,204$847$586$400$91
31 years$1,608$1,138$789$538$362$77
32 years$1,540$1,077$736$494$327$66
33 years$1,477$1,020$688$455$296$56
34 years$1,418$967$642$418$268$48
35 years$1,363$917$601$385$243$41
36 years$1,310$870$562$355$220$35
37 years$1,261$826$526$327$199$29
38 years$1,214$785$492$301$181$25
39 years$1,170$747$461$278$164$21
40 years$1,128$711$432$256$149$18
41 years$1,088$676$406$236$135$15
42 years$1,050$644$380$218$122$13
43 years$1,014$614$357$201$111$11
44 years$980$585$335$186$101$10
45 years$948$558$315$172$92$8
46 years$917$532$295$159$83$7
47 years$887$508$278$147$75$6
48 years$859$485$261$135$69$5
49 years$831$463$245$125$62$4
50 years$805$442$231$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $825,000, adding $5,940 every year, while hoping to spend $31,026 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: 41/40/19 Blend
66$825,000$825,000$825,000$825,000
67$915,277$871,552$858,765$947,460
68$975,624$881,247$854,522$980,613
69$1,041,086$890,377$849,097$1,013,027
70$1,112,153$898,881$842,418$1,047,466
71$1,189,363$906,696$834,409$1,084,132
72$1,273,306$913,753$824,990$1,123,248
73$1,364,634$919,978$814,078$1,165,061
74$1,464,064$925,293$801,587$1,209,845
75$1,572,383$929,617$787,424$1,257,904
76$1,690,459$932,861$771,495$1,309,574
77$1,819,245$934,931$753,700$1,365,227
78$1,959,793$935,728$733,934$1,425,275
79$2,113,259$935,145$712,088$1,490,176
80$2,280,916$933,072$688,048$1,560,435
81$2,464,165$929,388$661,693$1,636,613
82$2,664,550$923,968$632,899$1,719,327
83$2,883,768$916,676$601,535$1,809,265
84$3,123,691$907,372$567,465$1,907,185
85$3,386,378$895,904$530,546$2,013,926
86$3,674,097$882,112$490,628$2,130,417
87$3,989,346$865,827$447,555$2,257,685
88$4,334,876$846,869$401,165$2,396,866
89$4,713,717$825,049$351,288$2,549,215
90$5,129,205$800,165$297,745$2,716,120
91$5,585,015$772,005$240,351$2,899,118
92$6,085,196$740,342$178,912$3,099,903
93$6,634,207$704,940$113,226$3,320,352
94$7,236,958$665,544$43,082$3,562,536
95$7,898,862$621,889$0$3,828,745
96$8,625,877$573,693$0$4,127,950
97$9,424,569$520,657$0$4,466,243
98$10,302,172$462,466$0$4,838,016
99$11,266,654$398,788$0$5,246,729
100$12,326,794$329,269$0$5,696,202