Can I retire at age 67 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$69,366$68,749$68,146$67,557$66,983$65,310
2 years$34,340$33,700$33,080$32,479$31,897$30,222
3 years$22,666$22,023$21,405$20,810$20,236$18,613
4 years$16,830$16,190$15,578$14,992$14,433$12,872
5 years$13,329$12,693$12,089$11,516$10,972$9,478
6 years$10,996$10,365$9,770$9,209$8,681$7,257
7 years$9,331$8,704$8,119$7,571$7,060$5,704
8 years$8,082$7,461$6,885$6,351$5,857$4,570
9 years$7,111$6,496$5,930$5,410$4,933$3,712
10 years$6,335$5,726$5,170$4,663$4,203$3,048
11 years$5,700$5,098$4,552$4,059$3,615$2,524
12 years$5,172$4,575$4,039$3,560$3,132$2,104
13 years$4,725$4,135$3,609$3,143$2,731$1,763
14 years$4,342$3,758$3,243$2,790$2,394$1,484
15 years$4,011$3,433$2,928$2,488$2,108$1,254
16 years$3,722$3,150$2,654$2,228$1,863$1,062
17 years$3,466$2,901$2,415$2,002$1,652$902
18 years$3,240$2,681$2,205$1,804$1,469$768
19 years$3,037$2,484$2,019$1,630$1,309$655
20 years$2,855$2,309$1,853$1,476$1,169$559
21 years$2,690$2,150$1,704$1,340$1,047$478
22 years$2,541$2,007$1,570$1,218$938$409
23 years$2,405$1,877$1,450$1,109$842$351
24 years$2,280$1,759$1,341$1,012$757$301
25 years$2,166$1,651$1,242$924$681$258
26 years$2,060$1,551$1,152$845$613$221
27 years$1,963$1,460$1,070$773$553$190
28 years$1,872$1,376$994$709$499$163
29 years$1,788$1,298$925$650$451$140
30 years$1,710$1,226$862$596$407$121
31 years$1,637$1,159$804$548$368$104
32 years$1,568$1,096$750$503$333$89
33 years$1,504$1,038$700$463$301$77
34 years$1,444$984$654$426$273$66
35 years$1,387$933$612$392$247$57
36 years$1,334$886$572$361$224$49
37 years$1,284$841$535$333$203$42
38 years$1,236$800$501$307$184$36
39 years$1,191$760$470$283$167$31
40 years$1,148$723$440$261$151$27
41 years$1,108$689$413$241$137$23
42 years$1,069$656$387$222$125$20
43 years$1,033$625$363$205$113$17
44 years$998$596$341$189$103$15
45 years$965$568$320$175$93$13
46 years$933$542$301$161$85$11
47 years$903$517$283$149$77$9
48 years$874$494$266$138$70$8
49 years$847$471$250$127$63$7
50 years$820$450$235$118$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $840,000, adding $4,021 every year, while hoping to spend $47,993 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: 59/32/9 Blend
66$840,000$840,000$840,000$840,000
67$929,828$885,308$872,288$982,544
68$973,606$877,624$850,445$1,010,752
69$1,020,241$867,954$826,262$1,035,705
70$1,069,974$856,152$799,610$1,061,730
71$1,123,068$842,060$770,354$1,088,934
72$1,179,812$825,513$738,352$1,117,436
73$1,240,523$806,333$703,457$1,147,368
74$1,305,548$784,335$665,515$1,178,881
75$1,375,269$759,322$624,364$1,212,141
76$1,450,102$731,085$579,836$1,247,333
77$1,530,507$699,403$531,755$1,284,666
78$1,616,987$664,041$479,937$1,324,371
79$1,710,094$624,754$424,190$1,366,708
80$1,810,436$581,279$364,312$1,411,963
81$1,918,678$533,340$300,095$1,460,459
82$2,035,555$480,645$231,319$1,512,554
83$2,161,869$422,884$157,756$1,568,645
84$2,298,506$359,732$79,168$1,629,177
85$2,446,439$290,844$0$1,694,643
86$2,606,735$215,855$0$1,766,043
87$2,780,570$134,380$0$1,851,678
88$2,969,237$46,013$0$1,944,642
89$3,174,157$0$0$2,045,714
90$3,396,893$0$0$2,173,251
91$3,639,167$0$0$2,329,659
92$3,902,869$0$0$2,499,965
93$4,190,084$0$0$2,685,521
94$4,503,101$0$0$2,887,817
95$4,844,443$0$0$3,108,491
96$5,216,887$0$0$3,349,346
97$5,623,486$0$0$3,612,367
98$6,067,604$0$0$3,899,741
99$6,552,944$0$0$4,213,873
100$7,083,582$0$0$4,557,411