Can I retire at age 67 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$68,788$68,176$67,578$66,994$66,425$64,661
2 years$34,054$33,419$32,805$32,209$31,631$29,867
3 years$22,477$21,840$21,227$20,637$20,068$18,358
4 years$16,690$16,055$15,448$14,867$14,313$12,670
5 years$13,218$12,587$11,988$11,420$10,880$9,310
6 years$10,905$10,278$9,688$9,132$8,609$7,112
7 years$9,253$8,632$8,051$7,508$7,002$5,578
8 years$8,015$7,399$6,828$6,298$5,808$4,458
9 years$7,052$6,442$5,881$5,365$4,892$3,613
10 years$6,282$5,678$5,127$4,625$4,168$2,959
11 years$5,653$5,055$4,514$4,025$3,584$2,444
12 years$5,129$4,537$4,006$3,530$3,106$2,032
13 years$4,686$4,100$3,579$3,117$2,709$1,698
14 years$4,306$3,727$3,216$2,767$2,374$1,426
15 years$3,978$3,405$2,903$2,467$2,091$1,201
16 years$3,691$3,124$2,632$2,209$1,848$1,015
17 years$3,437$2,877$2,395$1,985$1,638$859
18 years$3,213$2,658$2,187$1,789$1,457$729
19 years$3,012$2,464$2,002$1,616$1,298$620
20 years$2,831$2,289$1,837$1,464$1,160$528
21 years$2,668$2,133$1,690$1,329$1,038$450
22 years$2,520$1,991$1,557$1,208$930$384
23 years$2,385$1,862$1,438$1,100$835$328
24 years$2,261$1,744$1,330$1,003$751$280
25 years$2,148$1,637$1,232$916$675$240
26 years$2,043$1,539$1,142$838$608$205
27 years$1,946$1,448$1,061$767$549$176
28 years$1,857$1,364$986$703$495$150
29 years$1,773$1,287$918$644$447$129
30 years$1,696$1,216$855$591$404$110
31 years$1,623$1,149$797$543$365$95
32 years$1,555$1,087$744$499$330$81
33 years$1,492$1,030$694$459$299$70
34 years$1,432$976$649$422$271$60
35 years$1,376$926$606$389$245$51
36 years$1,323$879$567$358$222$44
37 years$1,273$834$531$330$201$38
38 years$1,226$793$497$304$182$32
39 years$1,181$754$466$280$165$28
40 years$1,139$717$437$259$150$24
41 years$1,099$683$409$239$136$20
42 years$1,061$650$384$220$124$18
43 years$1,024$620$360$203$112$15
44 years$990$591$338$188$102$13
45 years$957$563$318$173$92$11
46 years$925$537$298$160$84$9
47 years$895$513$280$148$76$8
48 years$867$490$263$137$69$7
49 years$839$467$248$126$63$6
50 years$813$447$233$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $833,000, adding $4,045 every year, while hoping to spend $35,735 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: 57/21/22 Blend
66$833,000$833,000$833,000$833,000
67$922,138$877,989$865,078$969,021
68$978,175$882,989$856,036$1,006,463
69$1,038,729$887,036$845,494$1,043,085
70$1,104,225$890,046$833,363$1,082,224
71$1,175,126$891,929$819,552$1,124,132
72$1,251,946$892,590$803,963$1,169,086
73$1,335,245$891,927$786,496$1,217,394
74$1,425,641$889,834$767,046$1,269,399
75$1,523,816$886,195$745,501$1,325,475
76$1,630,516$880,889$721,746$1,386,041
77$1,746,565$873,789$695,661$1,451,557
78$1,872,868$864,758$667,119$1,522,533
79$2,010,420$853,651$635,987$1,599,534
80$2,160,318$840,315$602,128$1,683,182
81$2,323,768$824,587$565,396$1,774,167
82$2,502,097$806,297$525,642$1,873,251
83$2,696,767$785,262$482,707$1,981,275
84$2,909,386$761,289$436,427$2,099,170
85$3,141,725$734,173$386,629$2,227,965
86$3,395,734$703,700$333,133$2,368,796
87$3,673,558$669,641$275,753$2,522,917
88$3,977,561$631,754$214,291$2,691,717
89$4,310,346$589,783$148,543$2,876,726
90$4,674,777$543,459$78,295$3,079,637
91$5,074,011$492,495$3,325$3,302,319
92$5,511,523$436,590$0$3,546,834
93$5,991,140$375,424$0$3,833,463
94$6,517,077$308,660$0$4,148,724
95$7,093,976$235,943$0$4,494,672
96$7,726,953$156,895$0$4,874,437
97$8,421,639$71,120$0$5,291,469
98$9,184,239$0$0$5,749,573
99$10,021,588$0$0$6,257,981
100$10,941,213$0$0$6,834,470