Can I retire at age 67 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$67,880$67,275$66,685$66,110$65,547$64,250
2 years$33,604$32,978$32,372$31,783$31,213$29,912
3 years$22,180$21,552$20,947$20,364$19,803$18,538
4 years$16,469$15,843$15,244$14,671$14,124$12,905
5 years$13,044$12,421$11,830$11,269$10,737$9,567
6 years$10,761$10,143$9,560$9,012$8,495$7,377
7 years$9,131$8,518$7,945$7,409$6,909$5,842
8 years$7,909$7,301$6,738$6,215$5,732$4,715
9 years$6,959$6,357$5,803$5,294$4,827$3,860
10 years$6,199$5,603$5,059$4,564$4,113$3,196
11 years$5,578$4,988$4,454$3,972$3,537$2,668
12 years$5,061$4,477$3,953$3,484$3,065$2,243
13 years$4,624$4,046$3,532$3,076$2,673$1,896
14 years$4,249$3,678$3,173$2,730$2,343$1,610
15 years$3,925$3,360$2,865$2,435$2,063$1,373
16 years$3,642$3,083$2,598$2,180$1,823$1,174
17 years$3,392$2,839$2,364$1,959$1,617$1,007
18 years$3,170$2,623$2,158$1,765$1,437$865
19 years$2,972$2,431$1,975$1,595$1,281$745
20 years$2,794$2,259$1,813$1,445$1,144$642
21 years$2,633$2,104$1,667$1,311$1,024$555
22 years$2,487$1,964$1,537$1,192$918$479
23 years$2,353$1,837$1,419$1,086$824$415
24 years$2,231$1,721$1,312$990$741$359
25 years$2,119$1,615$1,215$904$666$312
26 years$2,016$1,518$1,127$827$600$270
27 years$1,921$1,429$1,047$757$541$235
28 years$1,832$1,346$973$693$488$204
29 years$1,750$1,270$906$636$441$177
30 years$1,673$1,200$843$584$398$154
31 years$1,602$1,134$786$536$360$134
32 years$1,535$1,073$734$493$326$116
33 years$1,472$1,016$685$453$295$101
34 years$1,413$963$640$417$267$88
35 years$1,358$913$598$384$242$76
36 years$1,306$867$560$353$219$67
37 years$1,256$823$524$326$199$58
38 years$1,210$783$491$300$180$50
39 years$1,166$744$460$277$163$44
40 years$1,124$708$431$255$148$38
41 years$1,084$674$404$235$134$33
42 years$1,047$642$379$217$122$29
43 years$1,011$612$356$201$111$25
44 years$977$583$334$185$100$22
45 years$944$556$313$171$91$19
46 years$913$530$294$158$83$17
47 years$884$506$277$146$75$15
48 years$855$483$260$135$68$13
49 years$828$461$244$125$62$11
50 years$803$441$230$115$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $822,000, adding $2,296 every year, while hoping to spend $38,384 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: 56/21/23 Blend
66$822,000$822,000$822,000$822,000
67$908,212$864,646$851,905$953,273
68$960,010$866,174$839,604$985,896
69$1,015,804$866,489$825,604$1,017,166
70$1,075,962$865,494$809,808$1,050,417
71$1,140,888$863,080$792,114$1,085,849
72$1,211,024$859,137$772,415$1,123,686
73$1,286,858$853,544$750,600$1,164,176
74$1,368,924$846,174$726,552$1,207,594
75$1,457,812$836,894$700,149$1,254,245
76$1,554,167$825,561$671,263$1,304,465
77$1,658,702$812,024$639,761$1,358,629
78$1,772,200$796,122$605,502$1,417,152
79$1,895,519$777,688$568,342$1,480,492
80$2,029,608$756,540$528,127$1,549,159
81$2,175,507$732,490$484,698$1,623,715
82$2,334,363$705,336$437,890$1,704,785
83$2,507,436$674,865$387,527$1,793,057
84$2,696,114$640,853$333,429$1,889,296
85$2,901,924$603,061$275,405$1,994,346
86$3,126,547$561,238$213,258$2,109,143
87$3,371,833$515,117$146,781$2,234,722
88$3,639,820$464,418$75,757$2,372,224
89$3,932,749$408,841$0$2,522,917
90$4,253,089$348,075$0$2,688,206
91$4,603,559$281,785$0$2,889,472
92$4,987,151$209,622$0$3,109,870
93$5,407,162$131,214$0$3,351,355
94$5,867,221$46,172$0$3,616,078
95$6,371,324$0$0$3,906,415
96$6,923,873$0$0$4,235,596
97$7,529,717$0$0$4,608,301
98$8,194,194$0$0$5,017,152
99$8,923,186$0$0$5,465,779
100$9,723,171$0$0$5,958,177