Can I retire at age 67 with 813,000?

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 $813,000?

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$67,137$66,539$65,955$65,386$64,830$64,179
2 years$33,236$32,617$32,017$31,435$30,871$30,216
3 years$21,937$21,316$20,717$20,141$19,586$18,947
4 years$16,289$15,669$15,077$14,510$13,969$13,350
5 years$12,901$12,285$11,700$11,145$10,619$10,023
6 years$10,643$10,032$9,456$8,913$8,402$7,829
7 years$9,031$8,424$7,858$7,328$6,833$6,283
8 years$7,822$7,221$6,664$6,147$5,669$5,142
9 years$6,883$6,287$5,740$5,236$4,774$4,271
10 years$6,131$5,542$5,004$4,514$4,068$3,587
11 years$5,517$4,934$4,405$3,928$3,498$3,040
12 years$5,006$4,428$3,910$3,446$3,032$2,595
13 years$4,573$4,002$3,493$3,042$2,644$2,229
14 years$4,203$3,638$3,138$2,700$2,317$1,924
15 years$3,882$3,323$2,834$2,408$2,040$1,667
16 years$3,602$3,049$2,569$2,156$1,803$1,450
17 years$3,355$2,808$2,338$1,937$1,599$1,264
18 years$3,135$2,595$2,134$1,746$1,422$1,105
19 years$2,939$2,405$1,954$1,578$1,267$969
20 years$2,763$2,234$1,793$1,429$1,132$850
21 years$2,604$2,081$1,649$1,297$1,013$748
22 years$2,459$1,943$1,520$1,179$908$658
23 years$2,328$1,817$1,403$1,074$815$580
24 years$2,207$1,703$1,298$979$733$512
25 years$2,096$1,598$1,202$894$659$453
26 years$1,994$1,502$1,115$818$594$400
27 years$1,900$1,413$1,035$749$535$354
28 years$1,812$1,332$962$686$483$313
29 years$1,731$1,256$896$629$436$278
30 years$1,655$1,186$834$577$394$246
31 years$1,584$1,122$778$530$356$218
32 years$1,518$1,061$726$487$322$194
33 years$1,456$1,005$678$448$292$172
34 years$1,398$952$633$412$264$152
35 years$1,343$903$592$379$239$135
36 years$1,291$857$554$349$217$120
37 years$1,242$814$518$322$196$107
38 years$1,196$774$485$297$178$95
39 years$1,153$736$455$274$161$84
40 years$1,111$700$426$252$146$75
41 years$1,072$667$400$233$133$67
42 years$1,035$635$375$215$121$59
43 years$1,000$605$352$198$109$53
44 years$966$577$330$183$99$47
45 years$934$550$310$169$90$42
46 years$903$524$291$156$82$37
47 years$874$500$274$144$74$33
48 years$846$478$257$133$68$29
49 years$819$456$242$123$61$26
50 years$794$436$227$114$56$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $813,000, adding $5,385 every year, while hoping to spend $29,476 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: 37/50/13 Blend
66$813,000$813,000$813,000$813,000
67$901,481$858,392$845,790$931,062
68$962,069$869,091$842,762$963,430
69$1,027,850$879,326$838,644$995,133
70$1,099,322$889,044$833,370$1,028,731
71$1,177,032$898,187$826,867$1,064,408
72$1,261,585$906,693$819,063$1,102,369
73$1,353,644$914,498$809,878$1,142,839
74$1,453,939$921,532$799,233$1,186,069
75$1,563,274$927,721$787,041$1,232,337
76$1,682,534$932,985$773,212$1,281,949
77$1,812,693$937,241$757,655$1,335,246
78$1,954,821$940,400$740,270$1,392,606
79$2,110,100$942,366$720,956$1,454,445
80$2,279,827$943,039$699,605$1,521,227
81$2,465,434$942,312$676,106$1,593,463
82$2,668,493$940,071$650,341$1,671,719
83$2,890,740$936,195$622,188$1,756,624
84$3,134,083$930,555$591,518$1,848,871
85$3,400,624$923,017$558,199$1,949,228
86$3,692,678$913,436$522,089$2,058,545
87$4,012,796$901,659$483,044$2,177,762
88$4,363,784$887,523$440,909$2,307,917
89$4,748,737$870,859$395,526$2,450,162
90$5,171,060$851,482$346,728$2,605,767
91$5,634,505$829,202$294,340$2,776,138
92$6,143,206$803,814$238,182$2,962,829
93$6,701,714$775,102$178,062$3,167,557
94$7,315,045$742,839$113,784$3,392,221
95$7,988,723$706,782$45,139$3,638,919
96$8,728,835$666,675$0$3,909,970
97$9,542,083$622,249$0$4,211,835
98$10,435,854$573,218$0$4,550,380
99$11,418,284$519,279$0$4,922,495
100$12,498,339$460,114$0$5,331,669