Can I retire at age 67 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$67,550$66,948$66,361$65,788$65,228$64,682
2 years$33,440$32,818$32,214$31,629$31,061$30,510
3 years$22,072$21,447$20,845$20,265$19,706$19,168
4 years$16,389$15,766$15,170$14,600$14,055$13,534
5 years$12,980$12,360$11,772$11,214$10,684$10,182
6 years$10,708$10,093$9,514$8,968$8,454$7,970
7 years$9,086$8,476$7,906$7,373$6,875$6,411
8 years$7,870$7,266$6,705$6,185$5,704$5,259
9 years$6,925$6,326$5,775$5,268$4,803$4,378
10 years$6,169$5,576$5,035$4,541$4,093$3,686
11 years$5,551$4,964$4,432$3,952$3,520$3,132
12 years$5,036$4,456$3,934$3,467$3,050$2,680
13 years$4,601$4,027$3,514$3,061$2,660$2,308
14 years$4,229$3,660$3,158$2,717$2,332$1,997
15 years$3,906$3,343$2,851$2,423$2,053$1,735
16 years$3,624$3,068$2,585$2,169$1,814$1,513
17 years$3,375$2,825$2,352$1,949$1,609$1,323
18 years$3,155$2,611$2,147$1,757$1,430$1,160
19 years$2,957$2,419$1,966$1,587$1,275$1,020
20 years$2,780$2,248$1,804$1,438$1,139$898
21 years$2,620$2,094$1,659$1,305$1,019$792
22 years$2,474$1,955$1,529$1,186$914$699
23 years$2,342$1,828$1,412$1,080$820$618
24 years$2,220$1,713$1,306$985$737$547
25 years$2,109$1,608$1,210$900$663$485
26 years$2,006$1,511$1,122$823$597$430
27 years$1,911$1,422$1,042$753$539$382
28 years$1,823$1,340$968$690$486$339
29 years$1,741$1,264$901$633$439$301
30 years$1,665$1,194$839$581$397$268
31 years$1,594$1,128$783$533$359$238
32 years$1,527$1,068$730$490$324$212
33 years$1,465$1,011$682$451$293$189
34 years$1,406$958$637$415$266$168
35 years$1,351$909$596$382$241$150
36 years$1,299$863$557$352$218$134
37 years$1,250$819$521$324$198$119
38 years$1,204$779$488$299$179$106
39 years$1,160$741$457$275$162$95
40 years$1,118$705$429$254$147$84
41 years$1,079$671$402$234$134$75
42 years$1,041$639$377$216$121$67
43 years$1,006$609$354$200$110$60
44 years$972$580$332$184$100$53
45 years$940$553$312$170$91$48
46 years$909$528$293$157$82$42
47 years$879$504$275$145$75$38
48 years$851$481$259$134$68$34
49 years$824$459$243$124$62$30
50 years$799$439$229$115$56$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $818,000, adding $6,766 every year, while hoping to spend $50,083 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: 37/36/27 Blend
66$818,000$818,000$818,000$818,000
67$908,415$865,061$852,382$934,482
68$947,786$854,161$827,649$943,400
69$989,493$841,049$800,409$947,961
70$1,033,724$825,562$770,525$951,919
71$1,080,679$807,531$737,853$955,254
72$1,130,583$786,774$702,245$957,945
73$1,183,676$763,099$663,544$959,976
74$1,240,224$736,304$621,586$961,332
75$1,300,518$706,175$576,201$962,005
76$1,364,877$672,483$527,209$961,987
77$1,433,649$634,990$474,426$961,278
78$1,507,217$593,440$417,655$959,885
79$1,586,000$547,565$356,693$957,820
80$1,670,458$497,082$291,328$955,105
81$1,761,095$441,689$221,338$951,769
82$1,858,465$381,070$146,491$947,855
83$1,963,175$314,889$66,545$943,416
84$2,075,893$242,793$0$938,519
85$2,197,351$164,407$0$938,658
86$2,328,354$79,336$0$959,337
87$2,469,786$0$0$981,566
88$2,622,618$0$0$1,010,661
89$2,787,918$0$0$1,076,212
90$2,966,858$0$0$1,147,267
91$3,160,730$0$0$1,224,349
92$3,370,951$0$0$1,308,036
93$3,599,081$0$0$1,398,961
94$3,846,835$0$0$1,497,821
95$4,116,101$0$0$1,605,385
96$4,408,954$0$0$1,722,496
97$4,727,678$0$0$1,850,083
98$5,074,785$0$0$1,989,169
99$5,453,041$0$0$2,140,879
100$5,865,490$0$0$2,306,450