Can I retire at age 67 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$69,119$68,503$67,902$67,316$66,744$65,773
2 years$34,217$33,580$32,962$32,363$31,783$30,807
3 years$22,585$21,945$21,329$20,736$20,164$19,214
4 years$16,770$16,132$15,522$14,939$14,381$13,463
5 years$13,282$12,648$12,046$11,474$10,932$10,050
6 years$10,957$10,328$9,735$9,176$8,650$7,804
7 years$9,297$8,673$8,090$7,544$7,035$6,225
8 years$8,053$7,434$6,861$6,329$5,836$5,062
9 years$7,086$6,473$5,909$5,391$4,915$4,177
10 years$6,312$5,706$5,152$4,647$4,188$3,485
11 years$5,680$5,079$4,535$4,044$3,602$2,934
12 years$5,153$4,559$4,025$3,547$3,121$2,487
13 years$4,708$4,120$3,596$3,132$2,722$2,121
14 years$4,327$3,745$3,231$2,780$2,386$1,817
15 years$3,997$3,421$2,917$2,479$2,101$1,563
16 years$3,708$3,139$2,645$2,220$1,857$1,349
17 years$3,454$2,891$2,407$1,995$1,646$1,167
18 years$3,228$2,671$2,197$1,797$1,464$1,012
19 years$3,026$2,476$2,011$1,624$1,305$880
20 years$2,845$2,300$1,846$1,471$1,165$766
21 years$2,681$2,143$1,698$1,335$1,043$668
22 years$2,532$2,000$1,565$1,214$935$584
23 years$2,396$1,871$1,445$1,105$839$510
24 years$2,272$1,753$1,336$1,008$754$446
25 years$2,158$1,645$1,238$921$679$391
26 years$2,053$1,546$1,148$842$611$343
27 years$1,956$1,455$1,066$771$551$301
28 years$1,865$1,371$991$706$497$264
29 years$1,782$1,293$922$647$449$232
30 years$1,704$1,221$859$594$406$203
31 years$1,631$1,155$801$546$367$179
32 years$1,563$1,093$747$502$332$157
33 years$1,499$1,035$698$461$300$138
34 years$1,439$981$652$424$272$121
35 years$1,383$930$609$391$246$107
36 years$1,329$883$570$360$223$94
37 years$1,279$838$534$331$202$83
38 years$1,232$797$500$306$183$73
39 years$1,187$758$468$282$166$64
40 years$1,144$721$439$260$151$56
41 years$1,104$686$411$240$137$50
42 years$1,066$654$386$221$124$44
43 years$1,029$623$362$204$113$38
44 years$994$594$340$189$102$34
45 years$961$566$319$174$93$30
46 years$930$540$300$161$84$26
47 years$900$515$282$149$77$23
48 years$871$492$265$137$70$20
49 years$844$470$249$127$63$18
50 years$817$449$234$117$57$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $837,000, adding $4,281 every year, while hoping to spend $24,939 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: 48/38/14 Blend
66$837,000$837,000$837,000$837,000
67$926,790$882,429$869,455$967,471
68$994,788$899,133$872,047$1,012,709
69$1,068,885$915,820$873,890$1,058,883
70$1,149,678$932,462$874,932$1,108,466
71$1,237,823$949,030$875,120$1,161,787
72$1,334,042$965,493$874,397$1,219,207
73$1,439,128$981,816$872,704$1,281,124
74$1,553,957$997,964$869,977$1,347,976
75$1,679,492$1,013,895$866,153$1,420,249
76$1,816,793$1,029,569$861,162$1,498,477
77$1,967,028$1,044,939$854,932$1,583,248
78$2,131,481$1,059,958$847,389$1,675,212
79$2,311,569$1,074,572$838,453$1,775,087
80$2,508,850$1,088,728$828,043$1,883,662
81$2,725,041$1,102,364$816,070$2,001,809
82$2,962,033$1,115,417$802,446$2,130,491
83$3,221,907$1,127,819$787,075$2,270,767
84$3,506,958$1,139,499$769,859$2,423,808
85$3,819,711$1,150,378$750,692$2,590,904
86$4,162,949$1,160,373$729,468$2,773,479
87$4,539,736$1,169,398$706,071$2,973,102
88$4,953,448$1,177,358$680,384$3,191,505
89$5,407,806$1,184,154$652,282$3,430,597
90$5,906,904$1,189,680$621,636$3,692,485
91$6,455,257$1,193,823$588,310$3,979,490
92$7,057,836$1,196,463$552,161$4,294,176
93$7,720,118$1,197,473$513,041$4,639,366
94$8,448,139$1,196,717$470,797$5,018,178
95$9,248,545$1,194,053$425,265$5,434,046
96$10,128,662$1,189,327$376,276$5,890,760
97$11,096,559$1,182,377$323,655$6,392,498
98$12,161,127$1,173,032$267,216$6,943,870
99$13,332,161$1,161,110$206,767$7,549,954
100$14,620,455$1,146,418$142,107$8,216,356