Can I retire at age 67 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$70,110$69,485$68,876$68,281$67,700$66,744
2 years$34,708$34,061$33,435$32,827$32,238$31,276
3 years$22,909$22,259$21,635$21,033$20,453$19,516
4 years$17,010$16,363$15,744$15,153$14,587$13,682
5 years$13,472$12,829$12,218$11,639$11,089$10,218
6 years$11,114$10,476$9,874$9,308$8,774$7,939
7 years$9,431$8,797$8,206$7,652$7,136$6,336
8 years$8,168$7,541$6,959$6,419$5,920$5,156
9 years$7,187$6,566$5,994$5,468$4,985$4,257
10 years$6,403$5,787$5,225$4,713$4,248$3,554
11 years$5,761$5,152$4,600$4,102$3,653$2,993
12 years$5,227$4,624$4,083$3,598$3,166$2,539
13 years$4,776$4,179$3,648$3,177$2,761$2,166
14 years$4,389$3,799$3,277$2,820$2,420$1,857
15 years$4,054$3,470$2,959$2,515$2,131$1,599
16 years$3,761$3,184$2,683$2,252$1,883$1,381
17 years$3,503$2,932$2,441$2,023$1,670$1,196
18 years$3,274$2,709$2,229$1,823$1,485$1,038
19 years$3,070$2,511$2,040$1,647$1,323$903
20 years$2,885$2,333$1,872$1,492$1,182$787
21 years$2,719$2,174$1,722$1,354$1,058$687
22 years$2,568$2,029$1,587$1,231$948$600
23 years$2,431$1,898$1,466$1,121$851$525
24 years$2,305$1,778$1,355$1,023$765$460
25 years$2,189$1,668$1,255$934$688$403
26 years$2,082$1,568$1,164$854$620$354
27 years$1,984$1,476$1,081$782$559$310
28 years$1,892$1,391$1,005$716$504$273
29 years$1,807$1,312$935$657$455$239
30 years$1,728$1,239$871$603$412$210
31 years$1,654$1,171$812$554$372$185
32 years$1,585$1,108$758$509$337$163
33 years$1,520$1,049$708$468$305$143
34 years$1,460$995$661$430$276$126
35 years$1,402$943$618$396$250$111
36 years$1,348$895$578$365$226$98
37 years$1,298$850$541$336$205$86
38 years$1,249$808$507$310$186$76
39 years$1,204$769$475$286$169$67
40 years$1,161$731$445$264$153$59
41 years$1,120$696$417$243$139$52
42 years$1,081$663$391$224$126$46
43 years$1,044$632$367$207$114$40
44 years$1,009$602$345$191$104$36
45 years$975$574$324$177$94$31
46 years$943$548$304$163$86$28
47 years$913$523$286$151$78$24
48 years$884$499$268$139$71$21
49 years$856$476$252$129$64$19
50 years$829$455$237$119$58$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $849,000, adding $5,426 every year, while hoping to spend $58,958 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: 56/26/18 Blend
66$849,000$849,000$849,000$849,000
67$941,195$896,198$883,038$989,106
68$974,466$877,381$849,889$1,003,525
69$1,009,155$855,666$813,654$1,012,418
70$1,045,343$830,848$774,166$1,020,791
71$1,083,121$802,712$731,253$1,028,607
72$1,122,583$771,029$684,734$1,035,829
73$1,163,833$735,556$634,419$1,042,420
74$1,206,983$696,037$580,111$1,048,343
75$1,252,154$652,202$521,604$1,053,560
76$1,299,478$603,764$458,681$1,058,034
77$1,349,096$550,419$391,119$1,061,729
78$1,401,163$491,849$318,680$1,064,608
79$1,455,846$427,714$241,121$1,066,638
80$1,513,327$357,658$158,183$1,067,786
81$1,573,805$281,301$69,601$1,068,021
82$1,637,494$198,246$0$1,067,316
83$1,704,629$108,070$0$1,070,434
84$1,775,465$10,330$0$1,087,144
85$1,850,281$0$0$1,104,108
86$1,929,380$0$0$1,148,684
87$2,013,094$0$0$1,199,024
88$2,101,785$0$0$1,252,393
89$2,195,848$0$0$1,309,034
90$2,295,715$0$0$1,369,213
91$2,401,859$0$0$1,433,220
92$2,514,798$0$0$1,501,372
93$2,635,096$0$0$1,574,018
94$2,763,374$0$0$1,651,538
95$2,900,311$0$0$1,734,350
96$3,046,650$0$0$1,822,911
97$3,203,207$0$0$1,917,722
98$3,370,875$0$0$2,019,334
99$3,550,635$0$0$2,128,349
100$3,743,562$0$0$2,245,429