Can I retire at age 67 with 842,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$69,532$68,912$68,308$67,718$67,142$64,555
2 years$34,422$33,781$33,159$32,557$31,973$29,397
3 years$22,720$22,076$21,456$20,859$20,285$17,801
4 years$16,870$16,228$15,615$15,028$14,467$12,095
5 years$13,361$12,723$12,118$11,543$10,998$8,743
6 years$11,023$10,389$9,793$9,231$8,702$6,567
7 years$9,353$8,725$8,138$7,589$7,077$5,060
8 years$8,101$7,479$6,902$6,367$5,871$3,971
9 years$7,128$6,512$5,944$5,423$4,944$3,158
10 years$6,350$5,740$5,182$4,675$4,213$2,536
11 years$5,714$5,110$4,562$4,068$3,623$2,053
12 years$5,184$4,586$4,049$3,568$3,140$1,672
13 years$4,736$4,145$3,618$3,150$2,738$1,369
14 years$4,353$3,767$3,250$2,797$2,400$1,124
15 years$4,021$3,442$2,935$2,494$2,113$927
16 years$3,730$3,158$2,661$2,233$1,868$766
17 years$3,474$2,908$2,421$2,006$1,656$634
18 years$3,247$2,687$2,210$1,808$1,472$526
19 years$3,044$2,490$2,023$1,634$1,312$437
20 years$2,862$2,314$1,857$1,480$1,172$363
21 years$2,697$2,156$1,708$1,343$1,049$302
22 years$2,547$2,012$1,574$1,221$940$252
23 years$2,411$1,882$1,453$1,112$844$210
24 years$2,286$1,763$1,344$1,014$759$175
25 years$2,171$1,655$1,245$926$683$146
26 years$2,065$1,555$1,155$847$615$122
27 years$1,967$1,464$1,072$775$554$102
28 years$1,877$1,379$997$710$500$85
29 years$1,792$1,301$928$651$452$71
30 years$1,714$1,229$864$598$408$59
31 years$1,641$1,162$806$549$369$49
32 years$1,572$1,099$752$505$334$41
33 years$1,508$1,041$702$464$302$35
34 years$1,448$986$656$427$274$29
35 years$1,391$936$613$393$248$24
36 years$1,337$888$573$362$224$20
37 years$1,287$843$537$333$203$17
38 years$1,239$802$503$307$184$14
39 years$1,194$762$471$283$167$12
40 years$1,151$725$441$261$152$10
41 years$1,111$690$414$241$138$8
42 years$1,072$657$388$223$125$7
43 years$1,035$626$364$205$113$6
44 years$1,000$597$342$190$103$5
45 years$967$569$321$175$93$4
46 years$935$543$302$162$85$3
47 years$905$518$283$150$77$3
48 years$876$495$266$138$70$2
49 years$849$473$250$128$64$2
50 years$822$451$235$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $842,000, adding $6,566 every year, while hoping to spend $38,697 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: 74/10/16 Blend
66$842,000$842,000$842,000$842,000
67$934,657$890,031$876,980$999,995
68$988,819$892,469$865,185$1,046,579
69$1,047,208$893,730$851,699$1,092,208
70$1,110,215$893,714$836,423$1,141,176
71$1,178,269$892,318$819,255$1,193,805
72$1,251,841$889,431$800,088$1,250,451
73$1,331,449$884,933$778,812$1,311,506
74$1,417,662$878,700$755,308$1,377,401
75$1,511,107$870,600$729,454$1,448,612
76$1,612,472$860,492$701,123$1,525,667
77$1,722,515$848,226$670,180$1,609,143
78$1,842,066$833,644$636,487$1,699,681
79$1,972,044$816,580$599,896$1,797,986
80$2,113,455$796,855$560,255$1,904,836
81$2,267,408$774,281$517,404$2,021,089
82$2,435,124$748,661$471,177$2,147,693
83$2,617,944$719,783$421,399$2,285,690
84$2,817,347$687,425$367,889$2,436,233
85$3,034,959$651,351$310,455$2,600,593
86$3,272,569$611,312$248,900$2,780,169
87$3,532,149$567,045$183,017$2,976,508
88$3,815,869$518,270$112,588$3,191,313
89$4,126,116$464,694$37,388$3,426,465
90$4,465,521$406,005$0$3,684,037
91$4,836,979$341,874$0$3,973,632
92$5,243,680$271,954$0$4,297,743
93$5,689,133$195,878$0$4,652,804
94$6,177,206$113,258$0$5,041,927
95$6,712,159$23,685$0$5,468,542
96$7,298,680$0$0$5,936,429
97$7,941,935$0$0$6,457,814
98$8,647,614$0$0$7,032,693
99$9,421,984$0$0$7,663,569
100$10,271,948$0$0$8,356,072