Can I retire at age 67 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$68,541$67,930$67,334$66,753$66,185$65,089
2 years$33,931$33,299$32,687$32,093$31,517$30,415
3 years$22,396$21,761$21,150$20,562$19,996$18,923
4 years$16,630$15,997$15,392$14,814$14,261$13,226
5 years$13,171$12,542$11,945$11,378$10,841$9,847
6 years$10,865$10,241$9,653$9,099$8,578$7,626
7 years$9,220$8,601$8,022$7,481$6,976$6,066
8 years$7,986$7,372$6,803$6,276$5,788$4,919
9 years$7,026$6,419$5,860$5,346$4,874$4,046
10 years$6,260$5,658$5,109$4,608$4,153$3,366
11 years$5,633$5,037$4,497$4,010$3,572$2,824
12 years$5,110$4,521$3,991$3,518$3,095$2,387
13 years$4,669$4,086$3,566$3,105$2,699$2,028
14 years$4,291$3,714$3,204$2,757$2,366$1,732
15 years$3,963$3,393$2,893$2,458$2,083$1,485
16 years$3,677$3,113$2,623$2,201$1,841$1,277
17 years$3,425$2,867$2,387$1,978$1,632$1,101
18 years$3,201$2,649$2,179$1,782$1,451$952
19 years$3,001$2,455$1,995$1,611$1,294$824
20 years$2,821$2,281$1,830$1,459$1,156$715
21 years$2,658$2,125$1,684$1,324$1,034$621
22 years$2,511$1,983$1,552$1,204$927$540
23 years$2,376$1,855$1,433$1,096$832$471
24 years$2,253$1,738$1,325$1,000$748$410
25 years$2,140$1,631$1,227$913$673$358
26 years$2,036$1,533$1,138$835$606$312
27 years$1,939$1,443$1,057$764$547$273
28 years$1,850$1,359$983$700$493$239
29 years$1,767$1,283$914$642$445$209
30 years$1,690$1,211$852$589$402$182
31 years$1,617$1,145$794$541$364$160
32 years$1,550$1,083$741$497$329$140
33 years$1,486$1,026$692$457$298$122
34 years$1,427$972$646$421$270$107
35 years$1,371$922$604$387$244$94
36 years$1,318$875$565$357$221$82
37 years$1,268$831$529$329$201$72
38 years$1,221$790$495$303$182$63
39 years$1,177$751$464$279$165$55
40 years$1,135$715$435$258$150$49
41 years$1,095$680$408$238$136$43
42 years$1,057$648$383$219$123$37
43 years$1,021$617$359$203$112$33
44 years$986$589$337$187$101$29
45 years$953$561$317$173$92$25
46 years$922$535$297$160$84$22
47 years$892$511$279$147$76$19
48 years$864$488$262$136$69$17
49 years$836$466$247$126$63$15
50 years$810$445$232$116$57$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $830,000, adding $2,557 every year, while hoping to spend $21,047 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: 63/30/7 Blend
66$830,000$830,000$830,000$830,000
67$917,298$873,308$860,443$973,707
68$988,468$893,706$866,874$1,032,038
69$1,066,193$914,398$872,815$1,092,998
70$1,151,117$935,377$878,227$1,159,010
71$1,243,954$956,633$883,070$1,230,564
72$1,345,486$978,156$887,301$1,308,196
73$1,456,575$999,936$890,876$1,392,498
74$1,578,172$1,021,959$893,746$1,484,123
75$1,711,321$1,044,211$895,863$1,583,789
76$1,857,176$1,066,677$897,174$1,692,286
77$2,017,004$1,089,340$897,626$1,810,486
78$2,192,202$1,112,181$897,160$1,939,349
79$2,384,308$1,135,180$895,716$2,079,932
80$2,595,017$1,158,313$893,232$2,233,400
81$2,826,194$1,181,556$889,641$2,401,035
82$3,079,896$1,204,882$884,874$2,584,252
83$3,358,387$1,228,263$878,858$2,784,608
84$3,664,160$1,251,665$871,518$3,003,819
85$3,999,964$1,275,056$862,773$3,243,777
86$4,368,824$1,298,398$852,540$3,506,565
87$4,774,075$1,321,651$840,731$3,794,478
88$5,219,391$1,344,772$827,256$4,110,047
89$5,708,817$1,367,714$812,017$4,456,060
90$6,246,811$1,390,427$794,915$4,835,589
91$6,838,286$1,412,857$775,844$5,252,018
92$7,488,651$1,434,947$754,694$5,709,079
93$8,203,868$1,456,635$731,352$6,210,883
94$8,990,506$1,477,853$705,695$6,761,960
95$9,855,801$1,498,531$677,599$7,367,303
96$10,807,726$1,518,593$646,933$8,032,414
97$11,855,067$1,537,957$613,558$8,763,357
98$13,007,502$1,556,535$577,330$9,566,814
99$14,275,698$1,574,235$538,101$10,450,149
100$15,671,404$1,590,958$495,713$11,421,478