Can I retire at age 67 with 849,000?

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 $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%11.4%
1 years$70,110$69,485$68,876$68,281$67,700$67,302
2 years$34,708$34,061$33,435$32,827$32,238$31,836
3 years$22,909$22,259$21,635$21,033$20,453$20,060
4 years$17,010$16,363$15,744$15,153$14,587$14,206
5 years$13,472$12,829$12,218$11,639$11,089$10,721
6 years$11,114$10,476$9,874$9,308$8,774$8,420
7 years$9,431$8,797$8,206$7,652$7,136$6,795
8 years$8,168$7,541$6,959$6,419$5,920$5,593
9 years$7,187$6,566$5,994$5,468$4,985$4,672
10 years$6,403$5,787$5,225$4,713$4,248$3,948
11 years$5,761$5,152$4,600$4,102$3,653$3,367
12 years$5,227$4,624$4,083$3,598$3,166$2,892
13 years$4,776$4,179$3,648$3,177$2,761$2,500
14 years$4,389$3,799$3,277$2,820$2,420$2,172
15 years$4,054$3,470$2,959$2,515$2,131$1,895
16 years$3,761$3,184$2,683$2,252$1,883$1,659
17 years$3,503$2,932$2,441$2,023$1,670$1,457
18 years$3,274$2,709$2,229$1,823$1,485$1,283
19 years$3,070$2,511$2,040$1,647$1,323$1,132
20 years$2,885$2,333$1,872$1,492$1,182$1,001
21 years$2,719$2,174$1,722$1,354$1,058$887
22 years$2,568$2,029$1,587$1,231$948$787
23 years$2,431$1,898$1,466$1,121$851$699
24 years$2,305$1,778$1,355$1,023$765$622
25 years$2,189$1,668$1,255$934$688$553
26 years$2,082$1,568$1,164$854$620$493
27 years$1,984$1,476$1,081$782$559$440
28 years$1,892$1,391$1,005$716$504$392
29 years$1,807$1,312$935$657$455$350
30 years$1,728$1,239$871$603$412$313
31 years$1,654$1,171$812$554$372$280
32 years$1,585$1,108$758$509$337$250
33 years$1,520$1,049$708$468$305$224
34 years$1,460$995$661$430$276$200
35 years$1,402$943$618$396$250$179
36 years$1,348$895$578$365$226$161
37 years$1,298$850$541$336$205$144
38 years$1,249$808$507$310$186$129
39 years$1,204$769$475$286$169$116
40 years$1,161$731$445$264$153$104
41 years$1,120$696$417$243$139$93
42 years$1,081$663$391$224$126$83
43 years$1,044$632$367$207$114$75
44 years$1,009$602$345$191$104$67
45 years$975$574$324$177$94$60
46 years$943$548$304$163$86$54
47 years$913$523$286$151$78$48
48 years$884$499$268$139$71$43
49 years$856$476$252$129$64$39
50 years$829$455$237$119$58$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $849,000, adding $2,469 every year, while hoping to spend $40,611 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: 37/48/15 Blend
66$849,000$849,000$849,000$849,000
67$938,145$893,148$879,988$968,488
68$990,626$893,702$866,258$991,071
69$1,047,099$892,923$850,707$1,011,384
70$1,107,928$890,701$833,231$1,032,451
71$1,173,513$886,922$813,721$1,054,362
72$1,244,295$881,465$792,064$1,077,216
73$1,320,755$874,199$768,140$1,101,127
74$1,403,425$864,987$741,825$1,126,222
75$1,492,888$853,685$712,990$1,152,647
76$1,589,784$840,137$681,497$1,180,564
77$1,694,820$824,182$647,205$1,210,157
78$1,808,770$805,645$609,965$1,241,632
79$1,932,487$784,344$569,621$1,275,219
80$2,066,909$760,085$526,011$1,311,180
81$2,213,066$732,662$478,966$1,349,804
82$2,372,095$701,859$428,307$1,391,418
83$2,545,244$667,445$373,850$1,436,386
84$2,733,886$629,177$315,402$1,485,118
85$2,939,534$586,799$252,760$1,538,067
86$3,163,853$540,038$185,713$1,595,745
87$3,408,673$488,607$114,041$1,658,718
88$3,676,011$432,202$37,515$1,727,621
89$3,968,087$370,502$0$1,803,159
90$4,287,344$303,169$0$1,893,187
91$4,636,472$229,843$0$1,998,381
92$5,018,433$150,147$0$2,113,747
93$5,436,490$63,681$0$2,240,413
94$5,894,233$0$0$2,379,632
95$6,395,617$0$0$2,548,625
96$6,944,997$0$0$2,770,767
97$7,547,171$0$0$3,014,376
98$8,207,420$0$0$3,281,605
99$8,931,564$0$0$3,574,823
100$9,726,011$0$0$3,896,642