Can I retire at age 67 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$69,284$68,667$68,065$67,477$66,903$64,891
2 years$34,299$33,660$33,041$32,441$31,859$29,849
3 years$22,639$21,997$21,380$20,785$20,212$18,268
4 years$16,810$16,170$15,559$14,975$14,416$12,551
5 years$13,313$12,678$12,074$11,502$10,959$9,178
6 years$10,983$10,352$9,758$9,198$8,671$6,977
7 years$9,320$8,694$8,109$7,562$7,052$5,445
8 years$8,072$7,452$6,877$6,344$5,850$4,328
9 years$7,103$6,489$5,923$5,404$4,927$3,489
10 years$6,327$5,719$5,164$4,658$4,198$2,841
11 years$5,694$5,092$4,546$4,054$3,610$2,333
12 years$5,166$4,570$4,035$3,556$3,129$1,928
13 years$4,720$4,130$3,605$3,139$2,728$1,602
14 years$4,337$3,754$3,239$2,787$2,392$1,336
15 years$4,006$3,429$2,924$2,485$2,106$1,119
16 years$3,717$3,146$2,651$2,225$1,861$939
17 years$3,462$2,898$2,413$1,999$1,650$790
18 years$3,236$2,678$2,202$1,802$1,467$666
19 years$3,033$2,482$2,016$1,628$1,308$563
20 years$2,851$2,306$1,850$1,475$1,168$476
21 years$2,687$2,148$1,702$1,338$1,045$403
22 years$2,538$2,005$1,569$1,217$937$341
23 years$2,402$1,875$1,448$1,108$841$289
24 years$2,277$1,757$1,339$1,011$756$245
25 years$2,163$1,649$1,241$923$680$208
26 years$2,058$1,550$1,151$844$613$177
27 years$1,960$1,458$1,068$772$552$150
28 years$1,870$1,374$993$708$498$128
29 years$1,786$1,296$924$649$450$109
30 years$1,708$1,224$861$596$407$93
31 years$1,635$1,157$803$547$368$79
32 years$1,567$1,095$749$503$333$67
33 years$1,503$1,037$699$462$301$57
34 years$1,442$983$653$425$273$49
35 years$1,386$932$611$392$247$41
36 years$1,333$885$571$361$224$35
37 years$1,282$840$535$332$203$30
38 years$1,235$799$501$306$184$25
39 years$1,190$760$469$282$167$22
40 years$1,147$723$440$260$151$18
41 years$1,107$688$412$240$137$16
42 years$1,068$655$387$222$124$13
43 years$1,032$624$363$205$113$11
44 years$997$595$341$189$103$10
45 years$964$567$320$175$93$8
46 years$932$541$300$161$84$7
47 years$902$517$282$149$77$6
48 years$873$493$265$138$70$5
49 years$846$471$249$127$63$4
50 years$819$450$234$118$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $839,000, adding $2,886 every year, while hoping to spend $24,716 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: 62/33/5 Blend
66$839,000$839,000$839,000$839,000
67$927,555$883,088$870,083$984,161
68$995,868$900,062$872,934$1,039,232
69$1,070,320$917,039$875,051$1,096,155
70$1,151,513$933,993$876,385$1,157,636
71$1,240,105$950,897$876,882$1,224,114
72$1,336,825$967,720$876,486$1,296,074
73$1,442,472$984,429$875,140$1,374,047
74$1,557,928$1,000,990$872,781$1,458,621
75$1,684,163$1,017,365$869,345$1,550,441
76$1,822,244$1,033,512$864,765$1,650,221
77$1,973,348$1,049,390$858,970$1,758,744
78$2,138,770$1,064,950$851,885$1,876,876
79$2,319,935$1,080,143$843,434$2,005,569
80$2,518,414$1,094,915$833,534$2,145,875
81$2,735,936$1,109,210$822,101$2,298,949
82$2,974,405$1,122,965$809,045$2,466,068
83$3,235,919$1,136,115$794,273$2,648,638
84$3,522,789$1,148,591$777,687$2,848,207
85$3,837,558$1,160,317$759,185$3,066,484
86$4,183,031$1,171,214$738,660$3,305,350
87$4,562,294$1,181,198$715,999$3,566,880
88$4,978,749$1,190,177$691,086$3,853,361
89$5,436,142$1,198,056$663,798$4,167,313
90$5,938,600$1,204,733$634,007$4,511,513
91$6,490,670$1,210,098$601,579$4,889,023
92$7,097,361$1,214,035$566,374$5,303,219
93$7,764,190$1,216,421$528,246$5,757,821
94$8,497,238$1,217,125$487,042$6,256,929
95$9,303,200$1,216,009$442,602$6,805,062
96$10,189,457$1,212,924$394,760$7,407,204
97$11,164,139$1,207,714$343,341$8,068,844
98$12,236,201$1,200,212$288,163$8,796,037
99$13,415,513$1,190,242$229,037$9,595,454
100$14,712,949$1,177,618$165,763$10,474,450