Can I retire at age 67 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$68,623$68,012$67,416$66,833$66,265$64,954
2 years$33,972$33,339$32,726$32,131$31,555$30,239
3 years$22,423$21,788$21,176$20,587$20,020$18,741
4 years$16,650$16,016$15,411$14,832$14,278$13,046
5 years$13,187$12,557$11,959$11,392$10,854$9,672
6 years$10,879$10,254$9,665$9,110$8,588$7,458
7 years$9,231$8,611$8,032$7,490$6,985$5,906
8 years$7,995$7,381$6,811$6,283$5,794$4,767
9 years$7,035$6,427$5,867$5,352$4,880$3,903
10 years$6,267$5,665$5,115$4,613$4,158$3,230
11 years$5,639$5,043$4,503$4,015$3,576$2,697
12 years$5,117$4,526$3,996$3,522$3,099$2,267
13 years$4,674$4,090$3,570$3,109$2,702$1,917
14 years$4,296$3,718$3,208$2,760$2,369$1,628
15 years$3,968$3,397$2,896$2,461$2,086$1,388
16 years$3,682$3,116$2,626$2,204$1,843$1,187
17 years$3,429$2,870$2,390$1,980$1,634$1,018
18 years$3,205$2,652$2,181$1,785$1,453$874
19 years$3,004$2,458$1,997$1,613$1,295$753
20 years$2,824$2,284$1,833$1,460$1,157$649
21 years$2,662$2,127$1,686$1,325$1,035$561
22 years$2,514$1,986$1,554$1,205$928$485
23 years$2,379$1,857$1,435$1,098$833$420
24 years$2,256$1,740$1,327$1,001$749$363
25 years$2,142$1,633$1,229$914$674$315
26 years$2,038$1,535$1,140$836$607$273
27 years$1,942$1,444$1,058$765$547$237
28 years$1,852$1,361$984$701$494$206
29 years$1,769$1,284$915$643$446$179
30 years$1,692$1,213$853$590$403$155
31 years$1,619$1,146$795$542$364$135
32 years$1,552$1,085$742$498$329$117
33 years$1,488$1,027$693$458$298$102
34 years$1,429$974$647$421$270$89
35 years$1,373$923$605$388$244$77
36 years$1,320$876$566$357$222$67
37 years$1,270$832$530$329$201$59
38 years$1,223$791$496$303$182$51
39 years$1,178$752$465$280$165$44
40 years$1,136$716$436$258$150$39
41 years$1,096$681$408$238$136$34
42 years$1,058$649$383$220$123$29
43 years$1,022$618$360$203$112$25
44 years$987$589$337$187$102$22
45 years$955$562$317$173$92$19
46 years$923$536$298$160$84$17
47 years$893$512$280$148$76$15
48 years$865$488$263$136$69$13
49 years$837$466$247$126$63$11
50 years$811$445$232$116$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $831,000, adding $5,048 every year, while hoping to spend $24,585 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: 76/5/19 Blend
66$831,000$831,000$831,000$831,000
67$920,969$876,926$864,046$986,543
68$988,750$893,737$866,833$1,047,448
69$1,062,620$910,548$868,889$1,110,673
70$1,143,175$927,333$870,165$1,179,343
71$1,231,070$944,063$870,607$1,253,997
72$1,327,026$960,709$870,159$1,335,225
73$1,431,836$977,238$868,763$1,423,680
74$1,546,375$993,614$866,358$1,520,078
75$1,671,605$1,009,800$862,881$1,625,212
76$1,808,584$1,025,756$858,263$1,739,953
77$1,958,479$1,041,438$852,434$1,865,263
78$2,122,574$1,056,798$845,321$2,002,198
79$2,302,283$1,071,788$836,845$2,151,927
80$2,499,164$1,086,353$826,927$2,315,735
81$2,714,931$1,100,437$815,482$2,495,038
82$2,951,472$1,113,977$802,419$2,691,399
83$3,210,870$1,126,909$787,647$2,906,536
84$3,495,413$1,139,162$771,068$3,142,348
85$3,807,627$1,150,662$752,580$3,400,922
86$4,150,290$1,161,330$732,077$3,684,564
87$4,526,465$1,171,081$709,447$3,995,810
88$4,939,524$1,179,824$684,574$4,337,458
89$5,393,184$1,187,463$657,335$4,712,591
90$5,891,536$1,193,896$627,603$5,124,606
91$6,439,090$1,199,014$595,245$5,577,249
92$7,040,813$1,202,702$560,121$6,074,645
93$7,702,177$1,204,835$522,086$6,621,344
94$8,429,211$1,205,284$480,988$7,222,357
95$9,228,557$1,203,910$436,668$7,883,210
96$10,107,532$1,200,564$388,959$8,609,990
97$11,074,200$1,195,091$337,688$9,409,408
98$12,137,442$1,187,324$282,675$10,288,859
99$13,307,046$1,177,087$223,729$11,256,494
100$14,593,794$1,164,194$160,653$12,321,295