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%13.6%
1 years$70,110$69,485$68,876$68,281$67,700$66,689
2 years$34,708$34,061$33,435$32,827$32,238$31,221
3 years$22,909$22,259$21,635$21,033$20,453$19,463
4 years$17,010$16,363$15,744$15,153$14,587$13,631
5 years$13,472$12,829$12,218$11,639$11,089$10,169
6 years$11,114$10,476$9,874$9,308$8,774$7,892
7 years$9,431$8,797$8,206$7,652$7,136$6,292
8 years$8,168$7,541$6,959$6,419$5,920$5,114
9 years$7,187$6,566$5,994$5,468$4,985$4,217
10 years$6,403$5,787$5,225$4,713$4,248$3,516
11 years$5,761$5,152$4,600$4,102$3,653$2,958
12 years$5,227$4,624$4,083$3,598$3,166$2,506
13 years$4,776$4,179$3,648$3,177$2,761$2,136
14 years$4,389$3,799$3,277$2,820$2,420$1,828
15 years$4,054$3,470$2,959$2,515$2,131$1,572
16 years$3,761$3,184$2,683$2,252$1,883$1,355
17 years$3,503$2,932$2,441$2,023$1,670$1,172
18 years$3,274$2,709$2,229$1,823$1,485$1,016
19 years$3,070$2,511$2,040$1,647$1,323$883
20 years$2,885$2,333$1,872$1,492$1,182$768
21 years$2,719$2,174$1,722$1,354$1,058$669
22 years$2,568$2,029$1,587$1,231$948$584
23 years$2,431$1,898$1,466$1,121$851$510
24 years$2,305$1,778$1,355$1,023$765$446
25 years$2,189$1,668$1,255$934$688$390
26 years$2,082$1,568$1,164$854$620$342
27 years$1,984$1,476$1,081$782$559$300
28 years$1,892$1,391$1,005$716$504$263
29 years$1,807$1,312$935$657$455$230
30 years$1,728$1,239$871$603$412$202
31 years$1,654$1,171$812$554$372$178
32 years$1,585$1,108$758$509$337$156
33 years$1,520$1,049$708$468$305$137
34 years$1,460$995$661$430$276$120
35 years$1,402$943$618$396$250$106
36 years$1,348$895$578$365$226$93
37 years$1,298$850$541$336$205$82
38 years$1,249$808$507$310$186$72
39 years$1,204$769$475$286$169$63
40 years$1,161$731$445$264$153$56
41 years$1,120$696$417$243$139$49
42 years$1,081$663$391$224$126$43
43 years$1,044$632$367$207$114$38
44 years$1,009$602$345$191$104$33
45 years$975$574$324$177$94$29
46 years$943$548$304$163$86$26
47 years$913$523$286$151$78$23
48 years$884$499$268$139$71$20
49 years$856$476$252$129$64$18
50 years$829$455$237$119$58$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $849,000, adding $2,692 every year, while hoping to spend $51,695 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: 75/10/15 Blend
66$849,000$849,000$849,000$849,000
67$938,375$893,378$880,218$1,005,498
68$979,086$882,150$854,703$1,039,006
69$1,022,217$868,640$826,599$1,069,030
70$1,067,960$852,680$795,768$1,100,537
71$1,116,526$834,095$762,060$1,133,661
72$1,168,144$812,698$725,321$1,168,547
73$1,223,065$788,291$685,390$1,205,359
74$1,281,565$760,665$642,098$1,244,274
75$1,343,945$729,598$595,268$1,285,493
76$1,410,536$694,856$544,718$1,329,235
77$1,481,698$656,191$490,253$1,375,743
78$1,557,828$613,342$431,673$1,425,286
79$1,639,360$566,030$368,769$1,478,163
80$1,726,772$513,962$301,320$1,534,701
81$1,820,587$456,830$229,098$1,595,266
82$1,921,377$394,305$151,863$1,660,262
83$2,029,773$326,042$69,366$1,730,132
84$2,146,467$251,675$0$1,805,372
85$2,272,218$170,818$0$1,889,514
86$2,407,860$83,064$0$1,992,216
87$2,554,309$0$0$2,103,074
88$2,712,573$0$0$2,224,197
89$2,883,759$0$0$2,365,123
90$3,069,082$0$0$2,517,716
91$3,269,880$0$0$2,683,081
92$3,487,624$0$0$2,862,432
93$3,723,930$0$0$3,057,107
94$3,980,578$0$0$3,268,573
95$4,259,523$0$0$3,498,448
96$4,562,917$0$0$3,748,509
97$4,893,129$0$0$4,020,713
98$5,252,764$0$0$4,317,212
99$5,644,688$0$0$4,640,375
100$6,072,057$0$0$4,992,810