Can I retire at age 67 with 843,000?

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 $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%13.8%
1 years$69,614$68,994$68,389$67,799$67,222$66,163
2 years$34,462$33,821$33,199$32,595$32,010$30,946
3 years$22,747$22,102$21,482$20,884$20,309$19,272
4 years$16,890$16,247$15,633$15,046$14,484$13,484
5 years$13,377$12,738$12,132$11,557$11,011$10,049
6 years$11,036$10,402$9,804$9,242$8,712$7,791
7 years$9,364$8,735$8,148$7,598$7,086$6,204
8 years$8,111$7,488$6,910$6,374$5,878$5,037
9 years$7,137$6,519$5,951$5,429$4,950$4,148
10 years$6,358$5,747$5,189$4,680$4,218$3,455
11 years$5,721$5,116$4,568$4,073$3,628$2,903
12 years$5,190$4,592$4,054$3,573$3,144$2,456
13 years$4,742$4,150$3,622$3,154$2,741$2,090
14 years$4,358$3,772$3,254$2,800$2,403$1,787
15 years$4,025$3,446$2,938$2,497$2,116$1,534
16 years$3,735$3,161$2,664$2,236$1,870$1,321
17 years$3,479$2,911$2,424$2,009$1,658$1,141
18 years$3,251$2,690$2,213$1,810$1,474$987
19 years$3,048$2,493$2,026$1,636$1,314$857
20 years$2,865$2,317$1,859$1,482$1,174$744
21 years$2,700$2,158$1,710$1,345$1,050$648
22 years$2,550$2,015$1,576$1,223$941$564
23 years$2,413$1,884$1,455$1,113$845$492
24 years$2,288$1,765$1,346$1,015$760$430
25 years$2,173$1,657$1,247$927$684$375
26 years$2,067$1,557$1,156$848$616$328
27 years$1,970$1,465$1,074$776$555$287
28 years$1,879$1,381$998$711$501$251
29 years$1,795$1,303$929$652$452$220
30 years$1,716$1,230$865$598$409$193
31 years$1,643$1,163$806$550$369$169
32 years$1,574$1,100$752$505$334$148
33 years$1,510$1,042$703$465$302$130
34 years$1,449$988$656$427$274$114
35 years$1,392$937$614$393$248$100
36 years$1,339$889$574$362$225$88
37 years$1,288$844$537$334$204$77
38 years$1,241$803$503$308$185$68
39 years$1,195$763$471$284$167$59
40 years$1,153$726$442$262$152$52
41 years$1,112$691$414$241$138$46
42 years$1,073$658$389$223$125$40
43 years$1,037$627$365$206$113$35
44 years$1,002$598$342$190$103$31
45 years$968$570$321$175$94$27
46 years$937$544$302$162$85$24
47 years$906$519$284$150$77$21
48 years$877$495$267$138$70$18
49 years$850$473$251$128$64$16
50 years$823$452$236$118$58$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $843,000, adding $2,198 every year, while hoping to spend $48,715 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: 46/48/6 Blend
66$843,000$843,000$843,000$843,000
67$931,253$886,574$873,508$972,481
68$974,409$878,184$850,938$992,652
69$1,020,333$867,750$825,979$1,009,249
70$1,069,258$855,120$798,500$1,026,109
71$1,121,436$840,135$768,364$1,043,271
72$1,177,144$822,623$735,425$1,060,780
73$1,236,686$802,405$699,535$1,078,691
74$1,300,395$779,289$660,536$1,097,067
75$1,368,635$753,075$618,264$1,115,981
76$1,441,807$723,547$572,548$1,135,517
77$1,520,350$690,479$523,207$1,155,774
78$1,604,746$653,633$470,055$1,176,864
79$1,695,525$612,755$412,896$1,198,916
80$1,793,266$567,578$351,525$1,222,076
81$1,898,607$517,818$285,730$1,246,512
82$2,012,251$463,176$215,287$1,272,416
83$2,134,965$403,337$139,964$1,300,003
84$2,267,596$337,965$59,518$1,329,521
85$2,411,074$266,708$0$1,361,246
86$2,566,420$189,194$0$1,397,178
87$2,734,759$105,028$0$1,440,163
88$2,917,324$13,794$0$1,486,802
89$3,115,476$0$0$1,537,563
90$3,330,707$0$0$1,637,838
91$3,564,661$0$0$1,754,841
92$3,819,147$0$0$1,882,202
93$4,096,154$0$0$2,020,928
94$4,397,870$0$0$2,172,126
95$4,726,704$0$0$2,337,015
96$5,085,307$0$0$2,516,938
97$5,476,597$0$0$2,713,372
98$5,903,785$0$0$2,927,944
99$6,370,406$0$0$3,162,442
100$6,880,352$0$0$3,418,838