Can I retire at age 67 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$69,449$68,830$68,227$67,638$67,063$66,501
2 years$34,381$33,740$33,120$32,518$31,935$31,368
3 years$22,693$22,050$21,431$20,835$20,261$19,707
4 years$16,850$16,209$15,596$15,010$14,450$13,914
5 years$13,345$12,708$12,103$11,529$10,985$10,468
6 years$11,009$10,377$9,781$9,220$8,692$8,195
7 years$9,342$8,715$8,128$7,580$7,069$6,591
8 years$8,091$7,470$6,893$6,359$5,864$5,407
9 years$7,120$6,504$5,937$5,416$4,939$4,501
10 years$6,343$5,733$5,176$4,669$4,208$3,789
11 years$5,707$5,104$4,557$4,063$3,619$3,220
12 years$5,178$4,581$4,044$3,564$3,136$2,756
13 years$4,731$4,140$3,613$3,147$2,735$2,373
14 years$4,348$3,763$3,247$2,793$2,397$2,053
15 years$4,016$3,437$2,931$2,491$2,111$1,784
16 years$3,726$3,154$2,658$2,230$1,865$1,555
17 years$3,470$2,905$2,418$2,004$1,654$1,360
18 years$3,243$2,684$2,208$1,806$1,471$1,193
19 years$3,041$2,487$2,021$1,632$1,311$1,048
20 years$2,858$2,311$1,855$1,478$1,171$923
21 years$2,694$2,153$1,706$1,341$1,048$814
22 years$2,544$2,010$1,572$1,220$939$719
23 years$2,408$1,880$1,452$1,111$843$636
24 years$2,283$1,761$1,343$1,013$758$563
25 years$2,168$1,653$1,244$925$682$499
26 years$2,063$1,553$1,153$846$614$442
27 years$1,965$1,462$1,071$774$554$393
28 years$1,874$1,378$996$709$500$349
29 years$1,790$1,300$926$651$451$310
30 years$1,712$1,227$863$597$408$276
31 years$1,639$1,160$805$548$369$245
32 years$1,570$1,098$751$504$333$218
33 years$1,506$1,040$701$463$302$194
34 years$1,446$985$655$426$273$173
35 years$1,389$935$612$393$247$154
36 years$1,336$887$573$362$224$137
37 years$1,285$842$536$333$203$122
38 years$1,238$801$502$307$184$109
39 years$1,193$761$470$283$167$97
40 years$1,150$724$441$261$152$87
41 years$1,109$689$413$241$137$77
42 years$1,071$657$388$222$125$69
43 years$1,034$626$364$205$113$62
44 years$999$596$342$189$103$55
45 years$966$569$321$175$93$49
46 years$934$543$301$162$85$44
47 years$904$518$283$149$77$39
48 years$875$494$266$138$70$35
49 years$848$472$250$128$63$31
50 years$821$451$235$118$58$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $841,000, adding $5,046 every year, while hoping to spend $27,067 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: 33/49/18 Blend
66$841,000$841,000$841,000$841,000
67$931,987$887,414$874,378$957,395
68$998,251$902,098$874,871$991,298
69$1,070,366$916,595$874,473$1,024,959
70$1,148,901$930,866$873,126$1,060,663
71$1,234,482$944,871$870,768$1,098,607
72$1,327,796$958,567$867,336$1,139,007
73$1,429,602$971,907$862,762$1,182,101
74$1,540,732$984,841$856,976$1,228,154
75$1,662,104$997,316$849,902$1,277,458
76$1,794,730$1,009,276$841,465$1,330,338
77$1,939,721$1,020,659$831,582$1,387,152
78$2,098,302$1,031,400$820,170$1,448,296
79$2,271,820$1,041,431$807,137$1,514,208
80$2,461,762$1,050,677$792,392$1,585,373
81$2,669,762$1,059,060$775,837$1,662,328
82$2,897,620$1,066,496$757,370$1,745,664
83$3,147,319$1,072,896$736,884$1,836,037
84$3,421,042$1,078,166$714,267$1,934,172
85$3,721,196$1,082,203$689,402$2,040,871
86$4,050,428$1,084,901$662,167$2,157,018
87$4,411,657$1,086,146$632,435$2,283,592
88$4,808,095$1,085,817$600,071$2,421,675
89$5,243,284$1,083,784$564,936$2,572,462
90$5,721,121$1,079,913$526,884$2,737,275
91$6,245,904$1,074,056$485,762$2,917,571
92$6,822,362$1,066,062$441,412$3,114,964
93$7,455,710$1,055,766$393,666$3,331,235
94$8,151,690$1,042,995$342,351$3,568,350
95$8,916,628$1,027,567$287,285$3,828,483
96$9,757,493$1,009,288$228,279$4,114,033
97$10,681,965$987,951$165,134$4,427,649
98$11,698,503$963,338$97,644$4,772,259
99$12,816,428$935,219$25,592$5,151,093
100$14,046,009$903,349$0$5,567,718