Can I retire at age 67 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$67,302$66,702$66,118$65,547$64,989$63,086
2 years$33,318$32,697$32,096$31,513$30,947$29,045
3 years$21,991$21,368$20,768$20,191$19,634$17,793
4 years$16,329$15,708$15,114$14,546$14,003$12,237
5 years$12,933$12,315$11,729$11,173$10,645$8,958
6 years$10,669$10,056$9,479$8,935$8,423$6,818
7 years$9,053$8,445$7,877$7,346$6,850$5,326
8 years$7,841$7,239$6,680$6,162$5,683$4,239
9 years$6,899$6,303$5,754$5,249$4,786$3,421
10 years$6,146$5,556$5,016$4,525$4,078$2,790
11 years$5,531$4,946$4,416$3,938$3,507$2,294
12 years$5,018$4,439$3,919$3,454$3,039$1,898
13 years$4,584$4,012$3,502$3,049$2,650$1,579
14 years$4,213$3,647$3,146$2,707$2,323$1,319
15 years$3,892$3,331$2,841$2,414$2,045$1,106
16 years$3,611$3,056$2,575$2,162$1,808$930
17 years$3,363$2,815$2,344$1,942$1,603$783
18 years$3,143$2,601$2,139$1,750$1,425$661
19 years$2,947$2,411$1,958$1,581$1,270$559
20 years$2,770$2,240$1,797$1,432$1,135$474
21 years$2,610$2,086$1,653$1,300$1,015$402
22 years$2,465$1,948$1,524$1,182$910$341
23 years$2,333$1,822$1,407$1,076$817$289
24 years$2,212$1,707$1,301$982$734$246
25 years$2,101$1,602$1,205$897$661$209
26 years$1,999$1,505$1,118$820$595$178
27 years$1,904$1,417$1,038$750$537$152
28 years$1,816$1,335$965$688$484$129
29 years$1,735$1,259$898$630$437$110
30 years$1,659$1,189$836$579$395$94
31 years$1,588$1,124$780$531$357$80
32 years$1,522$1,064$727$488$323$68
33 years$1,460$1,007$679$449$292$58
34 years$1,401$955$635$413$265$49
35 years$1,346$906$593$380$240$42
36 years$1,294$860$555$350$217$36
37 years$1,246$816$520$323$197$31
38 years$1,199$776$487$298$179$26
39 years$1,156$738$456$274$162$22
40 years$1,114$702$427$253$147$19
41 years$1,075$668$401$233$133$16
42 years$1,038$636$376$215$121$14
43 years$1,002$606$353$199$110$12
44 years$968$578$331$184$100$10
45 years$936$551$311$170$90$9
46 years$905$526$292$157$82$7
47 years$876$502$274$145$75$6
48 years$848$479$258$134$68$5
49 years$821$457$242$124$61$5
50 years$796$437$228$114$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $815,000, adding $6,893 every year, while hoping to spend $46,810 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: 75/13/12 Blend
66$815,000$815,000$815,000$815,000
67$905,240$862,045$849,413$970,464
68$947,769$854,480$828,062$1,006,881
69$993,067$844,975$804,428$1,040,228
70$1,041,367$833,386$778,384$1,075,479
71$1,092,925$819,560$749,798$1,112,805
72$1,148,020$803,335$718,532$1,152,401
73$1,206,958$784,538$684,443$1,194,476
74$1,270,076$762,989$647,380$1,239,267
75$1,337,742$738,494$607,186$1,287,032
76$1,410,360$710,849$563,696$1,338,057
77$1,488,376$679,839$516,738$1,392,659
78$1,572,274$645,236$466,133$1,451,187
79$1,662,591$606,797$411,694$1,514,026
80$1,759,914$564,269$353,224$1,581,604
81$1,864,887$517,380$290,519$1,654,391
82$1,978,220$465,846$223,365$1,732,909
83$2,100,691$409,364$151,540$1,817,731
84$2,233,155$347,617$74,811$1,909,494
85$2,376,554$280,268$0$2,008,898
86$2,531,922$206,960$0$2,117,625
87$2,700,395$127,318$0$2,245,906
88$2,883,225$40,946$0$2,385,131
89$3,081,786$0$0$2,536,379
90$3,297,591$0$0$2,708,363
91$3,532,304$0$0$2,901,814
92$3,787,756$0$0$3,112,390
93$4,065,962$0$0$3,341,754
94$4,369,138$0$0$3,591,738
95$4,699,724$0$0$3,864,358
96$5,060,406$0$0$4,161,832
97$5,454,138$0$0$4,486,603
98$5,884,174$0$0$4,841,359
99$6,354,096$0$0$5,229,060
100$6,867,847$0$0$5,652,963