Can I retire at age 67 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$69,697$69,076$68,470$67,879$67,302$66,516
2 years$34,503$33,861$33,238$32,634$32,048$31,257
3 years$22,774$22,128$21,507$20,909$20,333$19,561
4 years$16,910$16,267$15,652$15,064$14,502$13,755
5 years$13,393$12,753$12,146$11,570$11,024$10,305
6 years$11,049$10,414$9,816$9,253$8,723$8,033
7 years$9,375$8,746$8,157$7,607$7,094$6,432
8 years$8,120$7,497$6,918$6,382$5,885$5,252
9 years$7,145$6,527$5,958$5,436$4,956$4,352
10 years$6,365$5,753$5,195$4,686$4,223$3,646
11 years$5,728$5,122$4,573$4,078$3,632$3,083
12 years$5,197$4,597$4,059$3,577$3,147$2,625
13 years$4,748$4,154$3,626$3,158$2,744$2,249
14 years$4,363$3,776$3,258$2,803$2,406$1,935
15 years$4,030$3,450$2,942$2,500$2,118$1,673
16 years$3,739$3,165$2,667$2,238$1,872$1,450
17 years$3,483$2,915$2,427$2,011$1,660$1,261
18 years$3,255$2,693$2,215$1,813$1,476$1,100
19 years$3,051$2,496$2,028$1,638$1,316$961
20 years$2,868$2,320$1,861$1,483$1,175$841
21 years$2,703$2,161$1,712$1,346$1,052$737
22 years$2,553$2,017$1,578$1,224$943$647
23 years$2,416$1,886$1,457$1,115$846$569
24 years$2,291$1,767$1,347$1,017$760$501
25 years$2,176$1,659$1,248$929$684$441
26 years$2,070$1,559$1,157$849$616$389
27 years$1,972$1,467$1,075$777$556$343
28 years$1,881$1,382$999$712$501$302
29 years$1,797$1,304$930$653$453$267
30 years$1,718$1,232$866$599$409$236
31 years$1,645$1,164$807$550$370$208
32 years$1,576$1,102$753$506$335$184
33 years$1,511$1,043$703$465$303$163
34 years$1,451$989$657$428$274$144
35 years$1,394$938$614$394$248$128
36 years$1,340$890$575$363$225$113
37 years$1,290$845$538$334$204$100
38 years$1,242$803$504$308$185$88
39 years$1,197$764$472$284$168$78
40 years$1,154$727$442$262$152$69
41 years$1,113$692$415$242$138$61
42 years$1,075$659$389$223$125$54
43 years$1,038$628$365$206$114$48
44 years$1,003$599$343$190$103$43
45 years$969$571$322$176$94$38
46 years$938$544$302$162$85$34
47 years$907$520$284$150$77$30
48 years$878$496$267$138$70$26
49 years$851$474$251$128$64$23
50 years$824$452$236$118$58$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $844,000, adding $6,844 every year, while hoping to spend $25,604 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: 65/15/20 Blend
66$844,000$844,000$844,000$844,000
67$937,148$892,416$879,334$992,891
68$1,005,494$908,901$881,549$1,047,656
69$1,079,954$925,337$882,980$1,103,943
70$1,161,124$941,693$883,574$1,164,852
71$1,249,659$957,937$883,275$1,230,838
72$1,346,284$974,035$882,024$1,302,400
73$1,451,793$989,951$879,760$1,380,090
74$1,567,061$1,005,644$876,418$1,464,516
75$1,693,054$1,021,073$871,930$1,556,348
76$1,830,831$1,036,192$866,225$1,656,323
77$1,981,562$1,050,951$859,230$1,765,257
78$2,146,533$1,065,299$850,866$1,884,046
79$2,327,161$1,079,181$841,052$2,013,679
80$2,525,006$1,092,535$829,701$2,155,248
81$2,741,787$1,105,299$816,726$2,309,954
82$2,979,394$1,117,404$802,031$2,479,122
83$3,239,913$1,128,777$785,520$2,664,215
84$3,525,638$1,139,341$767,089$2,866,842
85$3,839,097$1,149,013$746,631$3,088,780
86$4,183,076$1,157,705$724,034$3,331,985
87$4,560,640$1,165,324$699,180$3,598,617
88$4,975,170$1,171,769$671,946$3,891,053
89$5,430,385$1,176,934$642,205$4,211,918
90$5,930,387$1,180,706$609,821$4,564,101
91$6,479,691$1,182,965$574,655$4,950,791
92$7,083,273$1,183,584$536,559$5,375,500
93$7,746,614$1,182,426$495,381$5,842,102
94$8,475,752$1,179,349$450,959$6,354,868
95$9,277,341$1,174,199$403,128$6,918,503
96$10,158,708$1,166,813$351,712$7,538,196
97$11,127,931$1,157,021$296,528$8,219,667
98$12,193,904$1,144,640$237,387$8,969,221
99$13,366,431$1,129,476$174,088$9,793,807
100$14,656,312$1,111,325$106,424$10,701,086