Can I retire at age 67 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$68,871$68,257$67,659$67,075$66,504$65,483
2 years$34,095$33,460$32,844$32,247$31,669$30,643
3 years$22,504$21,866$21,252$20,661$20,092$19,093
4 years$16,710$16,074$15,466$14,885$14,330$13,365
5 years$13,234$12,602$12,002$11,433$10,893$9,966
6 years$10,918$10,291$9,700$9,143$8,619$7,730
7 years$9,264$8,642$8,061$7,517$7,010$6,159
8 years$8,024$7,408$6,836$6,306$5,815$5,003
9 years$7,060$6,450$5,888$5,371$4,897$4,123
10 years$6,290$5,685$5,133$4,630$4,173$3,436
11 years$5,660$5,061$4,519$4,030$3,589$2,889
12 years$5,135$4,543$4,011$3,535$3,110$2,446
13 years$4,691$4,105$3,583$3,120$2,712$2,083
14 years$4,311$3,732$3,220$2,770$2,377$1,782
15 years$3,982$3,409$2,907$2,470$2,093$1,531
16 years$3,695$3,128$2,635$2,212$1,850$1,319
17 years$3,441$2,880$2,398$1,987$1,640$1,140
18 years$3,216$2,662$2,189$1,791$1,458$987
19 years$3,015$2,467$2,004$1,618$1,300$857
20 years$2,835$2,292$1,839$1,466$1,161$745
21 years$2,671$2,135$1,692$1,330$1,039$649
22 years$2,523$1,993$1,559$1,209$931$566
23 years$2,388$1,864$1,440$1,102$836$494
24 years$2,264$1,746$1,331$1,005$751$432
25 years$2,150$1,639$1,233$918$676$377
26 years$2,045$1,540$1,144$839$609$330
27 years$1,949$1,450$1,062$768$549$289
28 years$1,859$1,366$987$704$496$253
29 years$1,775$1,289$919$645$447$222
30 years$1,698$1,217$856$592$404$195
31 years$1,625$1,151$798$544$366$171
32 years$1,557$1,089$744$500$331$150
33 years$1,494$1,031$695$460$299$132
34 years$1,434$977$649$423$271$115
35 years$1,378$927$607$389$245$101
36 years$1,325$880$568$358$222$89
37 years$1,275$835$532$330$202$78
38 years$1,227$794$498$304$183$69
39 years$1,183$755$466$281$166$60
40 years$1,140$718$437$259$150$53
41 years$1,100$684$410$239$136$47
42 years$1,062$651$385$220$124$41
43 years$1,025$620$361$204$112$36
44 years$991$591$339$188$102$32
45 years$958$564$318$174$93$28
46 years$927$538$299$160$84$24
47 years$897$513$281$148$76$22
48 years$868$490$264$137$69$19
49 years$840$468$248$126$63$17
50 years$814$447$233$117$57$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $834,000, adding $5,024 every year, while hoping to spend $35,411 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: 74/9/17 Blend
66$834,000$834,000$834,000$834,000
67$924,250$880,048$867,121$988,698
68$980,847$885,494$858,493$1,037,518
69$1,042,029$890,019$848,388$1,086,164
70$1,108,228$893,542$836,721$1,138,536
71$1,179,917$895,974$823,401$1,194,994
72$1,257,615$897,224$808,331$1,255,937
73$1,341,894$897,191$791,413$1,321,805
74$1,433,385$895,770$772,543$1,393,082
75$1,532,778$892,851$751,611$1,470,304
76$1,640,834$888,313$728,502$1,554,060
77$1,758,391$882,033$703,099$1,644,999
78$1,886,370$873,875$675,276$1,743,839
79$2,025,784$863,700$644,902$1,851,370
80$2,177,749$851,356$611,842$1,968,464
81$2,343,493$836,686$575,952$2,096,081
82$2,524,366$819,521$537,083$2,235,282
83$2,721,857$799,682$495,081$2,387,236
84$2,937,601$776,982$449,781$2,553,231
85$3,173,402$751,220$401,014$2,734,688
86$3,431,244$722,184$348,603$2,933,176
87$3,713,312$689,652$292,363$3,150,421
88$4,022,011$653,387$232,098$3,388,331
89$4,359,991$613,137$167,608$3,649,005
90$4,730,169$568,639$98,681$3,934,760
91$5,135,756$519,612$25,097$4,248,153
92$5,580,291$465,762$0$4,591,999
93$6,067,671$406,774$0$4,979,096
94$6,602,186$342,318$0$5,408,665
95$7,188,563$272,047$0$5,879,970
96$7,832,009$195,590$0$6,397,222
97$8,538,259$112,558$0$6,965,060
98$9,313,628$22,540$0$7,588,597
99$10,165,076$0$0$8,273,465
100$11,100,267$0$0$9,033,290