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%16.7%
1 years$70,192$69,567$68,957$68,362$67,780$65,928
2 years$34,749$34,101$33,474$32,866$32,276$30,424
3 years$22,936$22,286$21,660$21,058$20,477$18,682
4 years$17,030$16,382$15,763$15,171$14,605$12,881
5 years$13,488$12,844$12,233$11,653$11,102$9,455
6 years$11,127$10,488$9,886$9,319$8,785$7,215
7 years$9,442$8,808$8,215$7,661$7,144$5,653
8 years$8,178$7,550$6,967$6,427$5,927$4,512
9 years$7,196$6,574$6,001$5,474$4,991$3,652
10 years$6,410$5,794$5,232$4,719$4,253$2,988
11 years$5,768$5,158$4,606$4,107$3,658$2,465
12 years$5,234$4,630$4,088$3,602$3,170$2,046
13 years$4,781$4,184$3,652$3,180$2,764$1,708
14 years$4,394$3,803$3,281$2,823$2,423$1,432
15 years$4,059$3,474$2,963$2,518$2,133$1,205
16 years$3,766$3,188$2,686$2,254$1,885$1,016
17 years$3,507$2,936$2,444$2,026$1,672$859
18 years$3,278$2,713$2,231$1,825$1,486$728
19 years$3,073$2,514$2,043$1,649$1,325$618
20 years$2,889$2,336$1,875$1,494$1,183$526
21 years$2,722$2,176$1,724$1,356$1,059$447
22 years$2,571$2,031$1,589$1,233$949$381
23 years$2,433$1,900$1,467$1,123$852$325
24 years$2,307$1,780$1,357$1,024$766$277
25 years$2,191$1,670$1,257$935$689$237
26 years$2,085$1,570$1,166$855$621$202
27 years$1,986$1,478$1,082$783$560$173
28 years$1,894$1,392$1,006$717$505$148
29 years$1,809$1,313$936$658$456$126
30 years$1,730$1,240$872$603$412$108
31 years$1,656$1,173$813$554$373$93
32 years$1,587$1,109$759$509$337$79
33 years$1,522$1,051$708$468$305$68
34 years$1,461$996$662$431$276$58
35 years$1,404$945$619$397$250$50
36 years$1,350$897$579$365$227$43
37 years$1,299$851$542$337$205$36
38 years$1,251$809$507$310$186$31
39 years$1,205$769$475$286$169$27
40 years$1,162$732$446$264$153$23
41 years$1,121$697$418$243$139$20
42 years$1,082$664$392$225$126$17
43 years$1,045$632$368$207$114$14
44 years$1,010$603$345$192$104$12
45 years$976$575$324$177$94$11
46 years$944$548$304$163$86$9
47 years$914$523$286$151$78$8
48 years$885$500$269$139$71$7
49 years$857$477$253$129$64$6
50 years$830$456$238$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $850,000, adding $6,917 every year, while hoping to spend $33,955 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: 30/43/27 Blend
66$850,000$850,000$850,000$850,000
67$943,835$898,785$885,610$964,139
68$1,003,978$906,697$879,150$988,415
69$1,069,118$913,860$871,336$1,011,070
70$1,139,728$920,199$862,086$1,034,763
71$1,216,330$925,638$851,315$1,059,609
72$1,299,496$930,095$838,934$1,085,735
73$1,389,857$933,482$824,851$1,113,284
74$1,488,105$935,705$808,966$1,142,416
75$1,595,004$936,667$791,179$1,173,311
76$1,711,393$936,262$771,382$1,206,168
77$1,838,195$934,379$749,463$1,241,211
78$1,976,427$930,899$725,306$1,278,691
79$2,127,206$925,697$698,787$1,318,887
80$2,291,764$918,639$669,779$1,362,109
81$2,471,455$909,584$638,149$1,408,704
82$2,667,772$898,382$603,755$1,459,060
83$2,882,357$884,875$566,453$1,513,606
84$3,117,017$868,893$526,089$1,572,823
85$3,373,743$850,260$482,503$1,637,242
86$3,654,727$828,785$435,529$1,707,458
87$3,962,383$804,269$384,993$1,784,130
88$4,299,368$776,500$330,712$1,867,989
89$4,668,610$745,254$272,497$1,959,850
90$5,073,331$710,295$210,149$2,060,617
91$5,517,082$671,371$143,460$2,171,291
92$6,003,774$628,217$72,216$2,292,986
93$6,537,712$580,554$0$2,426,937
94$7,123,642$528,083$0$2,575,612
95$7,766,787$470,493$0$2,761,702
96$8,472,903$407,452$0$2,966,134
97$9,248,332$338,609$0$3,190,846
98$10,100,057$263,596$0$3,437,979
99$11,035,772$182,022$0$3,709,901
100$12,063,954$93,474$0$4,009,226