Can I retire at age 67 with 850,000?

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 $850,000?

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$70,192$69,567$68,957$68,362$67,780$67,212
2 years$34,749$34,101$33,474$32,866$32,276$31,704
3 years$22,936$22,286$21,660$21,058$20,477$19,918
4 years$17,030$16,382$15,763$15,171$14,605$14,063
5 years$13,488$12,844$12,233$11,653$11,102$10,580
6 years$11,127$10,488$9,886$9,319$8,785$8,282
7 years$9,442$8,808$8,215$7,661$7,144$6,662
8 years$8,178$7,550$6,967$6,427$5,927$5,465
9 years$7,196$6,574$6,001$5,474$4,991$4,549
10 years$6,410$5,794$5,232$4,719$4,253$3,830
11 years$5,768$5,158$4,606$4,107$3,658$3,254
12 years$5,234$4,630$4,088$3,602$3,170$2,785
13 years$4,781$4,184$3,652$3,180$2,764$2,398
14 years$4,394$3,803$3,281$2,823$2,423$2,075
15 years$4,059$3,474$2,963$2,518$2,133$1,803
16 years$3,766$3,188$2,686$2,254$1,885$1,572
17 years$3,507$2,936$2,444$2,026$1,672$1,375
18 years$3,278$2,713$2,231$1,825$1,486$1,206
19 years$3,073$2,514$2,043$1,649$1,325$1,059
20 years$2,889$2,336$1,875$1,494$1,183$933
21 years$2,722$2,176$1,724$1,356$1,059$823
22 years$2,571$2,031$1,589$1,233$949$727
23 years$2,433$1,900$1,467$1,123$852$643
24 years$2,307$1,780$1,357$1,024$766$569
25 years$2,191$1,670$1,257$935$689$504
26 years$2,085$1,570$1,166$855$621$447
27 years$1,986$1,478$1,082$783$560$397
28 years$1,894$1,392$1,006$717$505$352
29 years$1,809$1,313$936$658$456$313
30 years$1,730$1,240$872$603$412$279
31 years$1,656$1,173$813$554$373$248
32 years$1,587$1,109$759$509$337$220
33 years$1,522$1,051$708$468$305$196
34 years$1,461$996$662$431$276$175
35 years$1,404$945$619$397$250$156
36 years$1,350$897$579$365$227$139
37 years$1,299$851$542$337$205$124
38 years$1,251$809$507$310$186$110
39 years$1,205$769$475$286$169$98
40 years$1,162$732$446$264$153$88
41 years$1,121$697$418$243$139$78
42 years$1,082$664$392$225$126$70
43 years$1,045$632$368$207$114$62
44 years$1,010$603$345$192$104$55
45 years$976$575$324$177$94$49
46 years$944$548$304$163$86$44
47 years$914$523$286$151$78$39
48 years$885$500$269$139$71$35
49 years$857$477$253$129$64$31
50 years$830$456$238$119$58$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $850,000, adding $3,739 every year, while hoping to spend $21,367 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: 73/14/13 Blend
66$850,000$850,000$850,000$850,000
67$940,557$895,507$882,332$1,006,370
68$1,013,759$916,652$889,156$1,071,559
69$1,093,712$938,118$895,492$1,139,943
70$1,181,082$959,896$901,302$1,214,270
71$1,276,601$981,980$906,544$1,295,124
72$1,381,077$1,004,360$911,176$1,383,148
73$1,495,399$1,027,026$915,153$1,479,048
74$1,620,546$1,049,966$918,427$1,583,604
75$1,757,595$1,073,168$920,947$1,697,674
76$1,907,733$1,096,617$922,663$1,822,205
77$2,072,268$1,120,297$923,518$1,958,238
78$2,252,638$1,144,191$923,454$2,106,920
79$2,450,430$1,168,278$922,413$2,269,517
80$2,667,389$1,192,539$920,329$2,447,421
81$2,905,439$1,216,950$917,136$2,642,168
82$3,166,699$1,241,485$912,765$2,855,448
83$3,453,501$1,266,117$907,141$3,089,126
84$3,768,417$1,290,815$900,189$3,345,254
85$4,114,277$1,315,548$891,828$3,626,095
86$4,494,203$1,340,279$881,973$3,934,141
87$4,911,629$1,364,970$870,537$4,272,141
88$5,370,342$1,389,580$857,427$4,643,120
89$5,874,512$1,414,065$842,546$5,050,415
90$6,428,734$1,438,375$825,792$5,497,702
91$7,038,069$1,462,460$807,061$5,989,030
92$7,708,095$1,486,264$786,241$6,528,863
93$8,444,957$1,509,727$763,216$7,122,120
94$9,255,423$1,532,784$737,864$7,774,221
95$10,146,953$1,555,367$710,059$8,491,139
96$11,127,765$1,577,403$679,669$9,279,457
97$12,206,912$1,598,811$646,553$10,146,430
98$13,394,373$1,619,508$610,568$11,100,050
99$14,701,138$1,639,404$571,562$12,149,127
100$16,139,321$1,658,401$529,375$13,303,370