Can I retire at age 67 with 844,000?

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 $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%12.4%
1 years$69,697$69,076$68,470$67,879$67,302$66,627
2 years$34,503$33,861$33,238$32,634$32,048$31,368
3 years$22,774$22,128$21,507$20,909$20,333$19,669
4 years$16,910$16,267$15,652$15,064$14,502$13,859
5 years$13,393$12,753$12,146$11,570$11,024$10,405
6 years$11,049$10,414$9,816$9,253$8,723$8,128
7 years$9,375$8,746$8,157$7,607$7,094$6,523
8 years$8,120$7,497$6,918$6,382$5,885$5,338
9 years$7,145$6,527$5,958$5,436$4,956$4,433
10 years$6,365$5,753$5,195$4,686$4,223$3,724
11 years$5,728$5,122$4,573$4,078$3,632$3,156
12 years$5,197$4,597$4,059$3,577$3,147$2,694
13 years$4,748$4,154$3,626$3,158$2,744$2,314
14 years$4,363$3,776$3,258$2,803$2,406$1,997
15 years$4,030$3,450$2,942$2,500$2,118$1,730
16 years$3,739$3,165$2,667$2,238$1,872$1,505
17 years$3,483$2,915$2,427$2,011$1,660$1,312
18 years$3,255$2,693$2,215$1,813$1,476$1,148
19 years$3,051$2,496$2,028$1,638$1,316$1,006
20 years$2,868$2,320$1,861$1,483$1,175$883
21 years$2,703$2,161$1,712$1,346$1,052$776
22 years$2,553$2,017$1,578$1,224$943$683
23 years$2,416$1,886$1,457$1,115$846$603
24 years$2,291$1,767$1,347$1,017$760$532
25 years$2,176$1,659$1,248$929$684$470
26 years$2,070$1,559$1,157$849$616$415
27 years$1,972$1,467$1,075$777$556$368
28 years$1,881$1,382$999$712$501$325
29 years$1,797$1,304$930$653$453$288
30 years$1,718$1,232$866$599$409$255
31 years$1,645$1,164$807$550$370$226
32 years$1,576$1,102$753$506$335$201
33 years$1,511$1,043$703$465$303$178
34 years$1,451$989$657$428$274$158
35 years$1,394$938$614$394$248$140
36 years$1,340$890$575$363$225$125
37 years$1,290$845$538$334$204$111
38 years$1,242$803$504$308$185$98
39 years$1,197$764$472$284$168$87
40 years$1,154$727$442$262$152$78
41 years$1,113$692$415$242$138$69
42 years$1,075$659$389$223$125$61
43 years$1,038$628$365$206$114$55
44 years$1,003$599$343$190$103$49
45 years$969$571$322$176$94$43
46 years$938$544$302$162$85$38
47 years$907$520$284$150$77$34
48 years$878$496$267$138$70$30
49 years$851$474$251$128$64$27
50 years$824$452$236$118$58$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $844,000, adding $2,960 every year, while hoping to spend $48,308 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: 36/39/25 Blend
66$844,000$844,000$844,000$844,000
67$933,141$888,409$875,327$959,620
68$976,922$880,542$853,251$971,562
69$1,023,550$870,670$828,817$979,812
70$1,073,264$858,644$801,894$987,766
71$1,126,325$844,307$772,346$995,427
72$1,183,022$827,490$740,031$1,002,805
73$1,243,670$808,016$704,801$1,009,913
74$1,308,612$785,697$666,501$1,016,771
75$1,378,229$760,334$624,966$1,023,407
76$1,452,934$731,717$580,029$1,029,855
77$1,533,185$699,622$531,512$1,036,159
78$1,619,481$663,815$479,228$1,042,374
79$1,712,371$624,045$422,986$1,048,566
80$1,812,459$580,049$362,581$1,054,812
81$1,920,406$531,548$297,805$1,061,209
82$2,036,941$478,247$228,435$1,067,868
83$2,162,864$419,836$154,242$1,074,917
84$2,299,052$355,984$74,985$1,082,511
85$2,446,472$286,344$0$1,090,825
86$2,606,186$210,548$0$1,102,622
87$2,779,361$128,209$0$1,137,089
88$2,967,281$38,917$0$1,174,544
89$3,171,359$0$0$1,215,369
90$3,393,147$0$0$1,284,781
91$3,634,354$0$0$1,378,541
92$3,896,860$0$0$1,480,689
93$4,182,734$0$0$1,592,044
94$4,494,251$0$0$1,713,509
95$4,833,916$0$0$1,846,073
96$5,204,487$0$0$1,990,829
97$5,608,998$0$0$2,148,979
98$6,050,788$0$0$2,321,845
99$6,533,536$0$0$2,510,884
100$7,061,290$0$0$2,717,700