Can I retire at age 67 with 843,000?

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 $843,000?

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$69,614$68,994$68,389$67,799$67,222$66,659
2 years$34,462$33,821$33,199$32,595$32,010$31,443
3 years$22,747$22,102$21,482$20,884$20,309$19,754
4 years$16,890$16,247$15,633$15,046$14,484$13,947
5 years$13,377$12,738$12,132$11,557$11,011$10,493
6 years$11,036$10,402$9,804$9,242$8,712$8,214
7 years$9,364$8,735$8,148$7,598$7,086$6,607
8 years$8,111$7,488$6,910$6,374$5,878$5,420
9 years$7,137$6,519$5,951$5,429$4,950$4,511
10 years$6,358$5,747$5,189$4,680$4,218$3,798
11 years$5,721$5,116$4,568$4,073$3,628$3,227
12 years$5,190$4,592$4,054$3,573$3,144$2,762
13 years$4,742$4,150$3,622$3,154$2,741$2,378
14 years$4,358$3,772$3,254$2,800$2,403$2,058
15 years$4,025$3,446$2,938$2,497$2,116$1,788
16 years$3,735$3,161$2,664$2,236$1,870$1,559
17 years$3,479$2,911$2,424$2,009$1,658$1,364
18 years$3,251$2,690$2,213$1,810$1,474$1,196
19 years$3,048$2,493$2,026$1,636$1,314$1,051
20 years$2,865$2,317$1,859$1,482$1,174$925
21 years$2,700$2,158$1,710$1,345$1,050$816
22 years$2,550$2,015$1,576$1,223$941$721
23 years$2,413$1,884$1,455$1,113$845$637
24 years$2,288$1,765$1,346$1,015$760$564
25 years$2,173$1,657$1,247$927$684$500
26 years$2,067$1,557$1,156$848$616$443
27 years$1,970$1,465$1,074$776$555$394
28 years$1,879$1,381$998$711$501$350
29 years$1,795$1,303$929$652$452$311
30 years$1,716$1,230$865$598$409$276
31 years$1,643$1,163$806$550$369$246
32 years$1,574$1,100$752$505$334$219
33 years$1,510$1,042$703$465$302$195
34 years$1,449$988$656$427$274$173
35 years$1,392$937$614$393$248$154
36 years$1,339$889$574$362$225$138
37 years$1,288$844$537$334$204$123
38 years$1,241$803$503$308$185$109
39 years$1,195$763$471$284$167$97
40 years$1,153$726$442$262$152$87
41 years$1,112$691$414$241$138$77
42 years$1,073$658$389$223$125$69
43 years$1,037$627$365$206$113$62
44 years$1,002$598$342$190$103$55
45 years$968$570$321$175$94$49
46 years$937$544$302$162$85$44
47 years$906$519$284$150$77$39
48 years$877$495$267$138$70$35
49 years$850$473$251$128$64$31
50 years$823$452$236$118$58$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $843,000, adding $4,725 every year, while hoping to spend $59,268 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: 56/23/21 Blend
66$843,000$843,000$843,000$843,000
67$933,860$889,181$876,114$980,616
68$966,053$869,690$842,403$993,588
69$999,543$847,258$805,577$1,001,000
70$1,034,400$821,677$765,468$1,007,789
71$1,070,700$792,730$721,901$1,013,910
72$1,108,521$760,184$674,695$1,019,317
73$1,147,952$723,794$623,659$1,023,964
74$1,189,085$683,302$568,593$1,027,802
75$1,232,021$638,433$509,290$1,030,783
76$1,276,868$588,898$445,533$1,032,856
77$1,323,744$534,389$377,094$1,033,971
78$1,372,775$474,583$303,736$1,034,077
79$1,424,099$409,139$225,211$1,033,122
80$1,477,864$337,693$141,263$1,031,054
81$1,534,231$259,865$51,620$1,027,824
82$1,593,374$175,250$0$1,023,379
83$1,655,483$83,422$0$1,027,540
84$1,720,765$0$0$1,043,374
85$1,789,443$0$0$1,063,394
86$1,861,760$0$0$1,106,734
87$1,937,982$0$0$1,152,443
88$2,018,398$0$0$1,200,698
89$2,103,323$0$0$1,251,692
90$2,193,100$0$0$1,305,637
91$2,288,104$0$0$1,362,761
92$2,388,745$0$0$1,423,317
93$2,495,470$0$0$1,487,578
94$2,608,767$0$0$1,555,844
95$2,729,172$0$0$1,628,445
96$2,857,269$0$0$1,705,739
97$2,993,698$0$0$1,788,120
98$3,139,160$0$0$1,876,018
99$3,294,422$0$0$1,969,905
100$3,460,326$0$0$2,070,298