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%11.6%
1 years$68,623$68,012$67,416$66,833$66,265$65,820
2 years$33,972$33,339$32,726$32,131$31,555$31,106
3 years$22,423$21,788$21,176$20,587$20,020$19,581
4 years$16,650$16,016$15,411$14,832$14,278$13,853
5 years$13,187$12,557$11,959$11,392$10,854$10,443
6 years$10,879$10,254$9,665$9,110$8,588$8,193
7 years$9,231$8,611$8,032$7,490$6,985$6,605
8 years$7,995$7,381$6,811$6,283$5,794$5,430
9 years$7,035$6,427$5,867$5,352$4,880$4,531
10 years$6,267$5,665$5,115$4,613$4,158$3,824
11 years$5,639$5,043$4,503$4,015$3,576$3,257
12 years$5,117$4,526$3,996$3,522$3,099$2,794
13 years$4,674$4,090$3,570$3,109$2,702$2,412
14 years$4,296$3,718$3,208$2,760$2,369$2,093
15 years$3,968$3,397$2,896$2,461$2,086$1,823
16 years$3,682$3,116$2,626$2,204$1,843$1,594
17 years$3,429$2,870$2,390$1,980$1,634$1,398
18 years$3,205$2,652$2,181$1,785$1,453$1,229
19 years$3,004$2,458$1,997$1,613$1,295$1,083
20 years$2,824$2,284$1,833$1,460$1,157$957
21 years$2,662$2,127$1,686$1,325$1,035$846
22 years$2,514$1,986$1,554$1,205$928$750
23 years$2,379$1,857$1,435$1,098$833$665
24 years$2,256$1,740$1,327$1,001$749$591
25 years$2,142$1,633$1,229$914$674$525
26 years$2,038$1,535$1,140$836$607$467
27 years$1,942$1,444$1,058$765$547$416
28 years$1,852$1,361$984$701$494$371
29 years$1,769$1,284$915$643$446$330
30 years$1,692$1,213$853$590$403$295
31 years$1,619$1,146$795$542$364$263
32 years$1,552$1,085$742$498$329$235
33 years$1,488$1,027$693$458$298$210
34 years$1,429$974$647$421$270$187
35 years$1,373$923$605$388$244$167
36 years$1,320$876$566$357$222$150
37 years$1,270$832$530$329$201$134
38 years$1,223$791$496$303$182$120
39 years$1,178$752$465$280$165$107
40 years$1,136$716$436$258$150$96
41 years$1,096$681$408$238$136$86
42 years$1,058$649$383$220$123$77
43 years$1,022$618$360$203$112$69
44 years$987$589$337$187$102$62
45 years$955$562$317$173$92$55
46 years$923$536$298$160$84$49
47 years$893$512$280$148$76$44
48 years$865$488$263$136$69$40
49 years$837$466$247$126$63$35
50 years$811$445$232$116$57$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $831,000, adding $4,735 every year, while hoping to spend $32,560 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: 36/42/22 Blend
66$831,000$831,000$831,000$831,000
67$920,646$876,603$863,723$947,521
68$979,908$884,913$858,014$975,951
69$1,044,124$892,539$851,022$1,003,268
70$1,113,764$899,413$842,671$1,032,098
71$1,189,347$905,463$832,879$1,062,597
72$1,271,441$910,611$821,561$1,094,938
73$1,360,673$914,776$808,629$1,129,312
74$1,457,733$917,871$793,989$1,165,935
75$1,563,378$919,803$777,544$1,205,044
76$1,678,443$920,474$759,192$1,246,903
77$1,803,847$919,780$738,827$1,291,807
78$1,940,598$917,608$716,337$1,340,083
79$2,089,811$913,842$691,606$1,392,092
80$2,252,708$908,357$664,511$1,448,239
81$2,430,637$901,020$634,925$1,508,969
82$2,625,082$891,690$602,715$1,574,781
83$2,837,676$880,218$567,742$1,646,224
84$3,070,216$866,446$529,859$1,723,909
85$3,324,683$850,207$488,914$1,808,513
86$3,603,257$831,323$444,749$1,900,787
87$3,908,339$809,607$397,197$2,001,562
88$4,242,571$784,860$346,085$2,111,762
89$4,608,866$756,871$291,232$2,232,406
90$5,010,430$725,417$232,448$2,364,626
91$5,450,795$690,263$169,536$2,509,675
92$5,933,849$651,160$102,289$2,668,938
93$6,463,879$607,843$30,492$2,843,951
94$7,045,601$560,035$0$3,036,412
95$7,684,215$507,439$0$3,259,027
96$8,385,447$449,745$0$3,511,391
97$9,155,603$386,624$0$3,788,694
98$10,001,633$317,727$0$4,093,540
99$10,931,191$242,687$0$4,428,803
100$11,952,710$161,116$0$4,797,657