Can I retire at age 67 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$68,458$67,848$67,253$66,673$66,106$64,744
2 years$33,890$33,259$32,647$32,054$31,479$30,114
3 years$22,369$21,735$21,125$20,537$19,971$18,645
4 years$16,610$15,978$15,374$14,796$14,244$12,966
5 years$13,155$12,527$11,930$11,365$10,828$9,603
6 years$10,852$10,229$9,642$9,089$8,568$7,396
7 years$9,208$8,590$8,012$7,472$6,968$5,850
8 years$7,976$7,363$6,795$6,268$5,781$4,717
9 years$7,018$6,411$5,853$5,339$4,868$3,857
10 years$6,252$5,651$5,102$4,602$4,148$3,189
11 years$5,626$5,031$4,492$4,005$3,567$2,659
12 years$5,104$4,515$3,987$3,513$3,091$2,232
13 years$4,663$4,081$3,562$3,102$2,696$1,885
14 years$4,286$3,709$3,200$2,753$2,363$1,598
15 years$3,959$3,388$2,889$2,456$2,081$1,361
16 years$3,673$3,109$2,620$2,199$1,839$1,162
17 years$3,421$2,863$2,384$1,975$1,630$995
18 years$3,197$2,646$2,176$1,780$1,450$854
19 years$2,997$2,452$1,992$1,609$1,292$734
20 years$2,818$2,278$1,828$1,457$1,154$632
21 years$2,655$2,122$1,682$1,322$1,033$545
22 years$2,508$1,981$1,550$1,202$926$470
23 years$2,373$1,853$1,431$1,095$831$406
24 years$2,250$1,736$1,323$999$747$352
25 years$2,137$1,629$1,226$912$672$304
26 years$2,033$1,531$1,137$834$605$263
27 years$1,937$1,441$1,056$763$546$228
28 years$1,848$1,358$981$699$493$198
29 years$1,765$1,281$913$641$445$172
30 years$1,687$1,210$851$589$402$149
31 years$1,615$1,144$793$541$363$129
32 years$1,548$1,082$740$497$329$112
33 years$1,485$1,025$691$457$297$97
34 years$1,425$971$646$420$269$85
35 years$1,369$921$604$387$244$73
36 years$1,317$874$565$356$221$64
37 years$1,267$830$528$328$200$55
38 years$1,220$789$495$303$182$48
39 years$1,176$750$464$279$165$42
40 years$1,133$714$435$257$149$36
41 years$1,093$680$407$237$136$32
42 years$1,055$647$382$219$123$27
43 years$1,019$617$359$202$112$24
44 years$985$588$337$187$101$21
45 years$952$561$316$173$92$18
46 years$921$535$297$159$83$16
47 years$891$510$279$147$76$14
48 years$863$487$262$136$69$12
49 years$835$465$246$126$63$10
50 years$809$444$232$116$57$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $829,000, adding $2,379 every year, while hoping to spend $55,884 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: 49/28/23 Blend
66$829,000$829,000$829,000$829,000
67$916,012$872,075$859,225$954,841
68$949,985$855,346$828,549$965,401
69$985,550$835,925$794,973$971,054
70$1,022,811$813,621$758,339$976,053
71$1,061,880$788,230$718,485$980,360
72$1,102,878$759,540$675,241$983,939
73$1,145,938$727,323$628,428$986,751
74$1,191,202$691,341$577,859$988,760
75$1,238,828$651,339$523,340$989,929
76$1,288,984$607,050$464,667$990,224
77$1,341,855$558,191$401,629$989,609
78$1,397,644$504,462$334,003$988,054
79$1,456,569$445,545$261,557$985,529
80$1,518,869$381,108$184,050$982,008
81$1,584,807$310,795$101,228$977,467
82$1,654,667$234,234$12,830$971,890
83$1,728,762$151,030$0$965,264
84$1,807,432$60,767$0$977,584
85$1,891,050$0$0$993,510
86$1,980,023$0$0$1,021,371
87$2,074,799$0$0$1,071,042
88$2,175,865$0$0$1,124,062
89$2,283,758$0$0$1,180,720
90$2,399,063$0$0$1,241,330
91$2,522,423$0$0$1,306,237
92$2,654,544$0$0$1,375,822
93$2,796,198$0$0$1,450,498
94$2,948,234$0$0$1,530,724
95$3,111,583$0$0$1,616,999
96$3,287,266$0$0$1,709,874
97$3,476,406$0$0$1,809,952
98$3,680,233$0$0$1,917,897
99$3,900,102$0$0$2,034,437
100$4,137,499$0$0$2,160,373