Can I retire at age 65 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$71,596$70,958$70,336$69,729$69,136$68,103
2 years$35,444$34,783$34,144$33,523$32,922$31,883
3 years$23,394$22,731$22,093$21,479$20,887$19,875
4 years$17,371$16,710$16,078$15,474$14,897$13,920
5 years$13,758$13,101$12,477$11,886$11,324$10,385
6 years$11,350$10,698$10,084$9,505$8,961$8,060
7 years$9,631$8,984$8,379$7,815$7,287$6,425
8 years$8,342$7,701$7,106$6,556$6,046$5,222
9 years$7,340$6,705$6,121$5,584$5,091$4,307
10 years$6,539$5,910$5,336$4,813$4,338$3,591
11 years$5,884$5,261$4,698$4,189$3,731$3,021
12 years$5,338$4,722$4,169$3,674$3,233$2,559
13 years$4,877$4,268$3,725$3,244$2,819$2,181
14 years$4,482$3,879$3,347$2,880$2,471$1,867
15 years$4,140$3,544$3,022$2,568$2,176$1,605
16 years$3,841$3,251$2,740$2,299$1,923$1,384
17 years$3,578$2,994$2,493$2,066$1,705$1,197
18 years$3,344$2,767$2,276$1,862$1,516$1,038
19 years$3,135$2,564$2,083$1,682$1,351$901
20 years$2,947$2,383$1,912$1,524$1,207$784
21 years$2,777$2,220$1,759$1,383$1,080$683
22 years$2,623$2,072$1,621$1,257$968$596
23 years$2,482$1,938$1,497$1,145$869$521
24 years$2,353$1,816$1,384$1,044$781$455
25 years$2,235$1,704$1,282$954$703$399
26 years$2,126$1,601$1,189$872$633$349
27 years$2,026$1,507$1,104$798$571$306
28 years$1,932$1,420$1,026$731$515$268
29 years$1,846$1,340$955$671$465$235
30 years$1,765$1,265$890$616$420$207
31 years$1,689$1,196$829$565$380$181
32 years$1,619$1,132$774$520$344$159
33 years$1,553$1,072$723$478$311$140
34 years$1,491$1,016$675$440$282$123
35 years$1,432$963$631$405$255$108
36 years$1,377$914$590$373$231$95
37 years$1,325$868$553$343$209$83
38 years$1,276$825$518$316$190$73
39 years$1,229$785$485$292$172$65
40 years$1,185$747$454$269$156$57
41 years$1,144$711$426$248$142$50
42 years$1,104$677$400$229$129$44
43 years$1,066$645$375$212$117$39
44 years$1,030$615$352$195$106$34
45 years$996$586$331$180$96$30
46 years$963$559$311$167$87$26
47 years$932$534$292$154$79$23
48 years$902$510$274$142$72$20
49 years$874$487$258$131$65$18
50 years$846$465$242$122$59$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $867,000, adding $4,448 every year, while hoping to spend $43,202 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: 46/32/22 Blend
64$867,000$867,000$867,000$867,000
65$960,022$914,071$900,633$997,946
66$1,011,978$912,894$884,837$1,023,834
67$1,067,785$910,211$867,065$1,047,283
68$1,127,791$905,904$847,203$1,071,844
69$1,192,377$899,844$825,136$1,097,640
70$1,261,962$891,899$800,740$1,124,811
71$1,337,005$881,925$773,888$1,153,513
72$1,418,011$869,771$744,445$1,183,922
73$1,505,536$855,278$712,272$1,216,232
74$1,600,190$838,276$677,222$1,250,663
75$1,702,643$818,584$639,143$1,287,460
76$1,813,632$796,014$597,873$1,326,896
77$1,933,967$770,364$553,247$1,369,278
78$2,064,539$741,420$505,088$1,414,944
79$2,206,330$708,956$453,216$1,464,276
80$2,360,416$672,736$397,439$1,517,697
81$2,527,983$632,505$337,559$1,575,677
82$2,710,337$587,997$273,366$1,638,741
83$2,908,913$538,930$204,645$1,707,473
84$3,125,290$485,006$131,169$1,782,523
85$3,361,207$425,908$52,701$1,864,612
86$3,618,577$361,305$0$1,954,543
87$3,899,507$290,844$0$2,060,492
88$4,206,315$214,153$0$2,189,838
89$4,541,552$130,840$0$2,331,359
90$4,908,028$40,489$0$2,486,339
91$5,308,837$0$0$2,656,199
92$5,747,385$0$0$2,862,700
93$6,227,422$0$0$3,104,441
94$6,753,077$0$0$3,369,257
95$7,328,898$0$0$3,659,450
96$7,959,893$0$0$3,977,560
97$8,651,579$0$0$4,326,379
98$9,410,030$0$0$4,708,985
99$10,241,936$0$0$5,128,769
100$11,154,668$0$0$5,589,464