Can I retire at age 67 with 853,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$70,440$69,813$69,200$68,603$68,019$66,107
2 years$34,871$34,222$33,592$32,982$32,390$30,478
3 years$23,017$22,364$21,737$21,132$20,550$18,698
4 years$17,090$16,440$15,819$15,224$14,656$12,879
5 years$13,536$12,889$12,276$11,694$11,141$9,443
6 years$11,167$10,525$9,921$9,352$8,816$7,198
7 years$9,475$8,839$8,244$7,688$7,170$5,633
8 years$8,207$7,577$6,992$6,450$5,948$4,491
9 years$7,221$6,597$6,022$5,494$5,009$3,631
10 years$6,433$5,815$5,250$4,736$4,268$2,967
11 years$5,789$5,177$4,622$4,121$3,671$2,444
12 years$5,252$4,646$4,102$3,615$3,181$2,027
13 years$4,798$4,199$3,665$3,192$2,774$1,689
14 years$4,410$3,817$3,293$2,833$2,431$1,414
15 years$4,073$3,487$2,973$2,527$2,141$1,188
16 years$3,779$3,199$2,696$2,262$1,892$1,001
17 years$3,520$2,946$2,453$2,033$1,678$845
18 years$3,290$2,722$2,239$1,832$1,492$715
19 years$3,084$2,523$2,050$1,655$1,330$606
20 years$2,899$2,344$1,881$1,499$1,188$515
21 years$2,732$2,184$1,730$1,361$1,063$437
22 years$2,580$2,038$1,595$1,237$953$372
23 years$2,442$1,907$1,472$1,127$855$317
24 years$2,315$1,786$1,362$1,028$769$270
25 years$2,199$1,676$1,261$938$692$230
26 years$2,092$1,575$1,170$858$623$196
27 years$1,993$1,483$1,086$785$562$167
28 years$1,901$1,397$1,010$720$507$143
29 years$1,816$1,318$940$660$458$122
30 years$1,736$1,245$875$606$414$104
31 years$1,662$1,177$816$556$374$89
32 years$1,593$1,113$761$511$338$76
33 years$1,528$1,054$711$470$306$65
34 years$1,466$999$664$432$277$56
35 years$1,409$948$621$398$251$47
36 years$1,355$900$581$367$227$41
37 years$1,304$854$544$338$206$35
38 years$1,255$812$509$311$187$30
39 years$1,210$772$477$287$169$25
40 years$1,166$735$447$265$154$22
41 years$1,125$699$419$244$139$19
42 years$1,086$666$393$225$127$16
43 years$1,049$635$369$208$115$14
44 years$1,013$605$346$192$104$12
45 years$980$577$325$177$95$10
46 years$948$550$306$164$86$8
47 years$917$525$287$151$78$7
48 years$888$501$270$140$71$6
49 years$860$479$254$129$64$5
50 years$833$457$238$120$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $853,000, adding $5,533 every year, while hoping to spend $20,085 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: 72/8/20 Blend
66$853,000$853,000$853,000$853,000
67$945,713$900,504$887,283$1,008,859
68$1,020,806$923,259$895,636$1,074,352
69$1,102,884$946,455$903,597$1,143,126
70$1,192,641$970,093$911,130$1,217,941
71$1,290,836$994,174$918,198$1,299,395
72$1,398,309$1,018,696$924,765$1,388,146
73$1,515,981$1,043,657$930,790$1,484,916
74$1,644,870$1,069,055$936,230$1,590,504
75$1,786,095$1,094,887$941,042$1,705,788
76$1,940,889$1,121,148$945,179$1,831,736
77$2,110,608$1,147,833$948,591$1,969,416
78$2,296,749$1,174,936$951,228$2,120,002
79$2,500,959$1,202,449$953,036$2,284,790
80$2,725,051$1,230,364$953,957$2,465,206
81$2,971,024$1,258,669$953,932$2,662,823
82$3,241,079$1,287,354$952,899$2,879,374
83$3,537,640$1,316,405$950,792$3,116,767
84$3,863,378$1,345,808$947,542$3,377,107
85$4,221,236$1,375,546$943,079$3,662,711
86$4,614,455$1,405,601$937,325$3,976,136
87$5,046,606$1,435,952$930,202$4,320,195
88$5,521,623$1,466,577$921,626$4,697,992
89$6,043,840$1,497,450$911,512$5,112,945
90$6,618,032$1,528,546$899,768$5,568,823
91$7,249,459$1,559,833$886,298$6,069,776
92$7,943,919$1,591,279$871,004$6,620,381
93$8,707,796$1,622,849$853,780$7,225,680
94$9,548,127$1,654,505$834,518$7,891,230
95$10,472,664$1,686,204$813,102$8,623,155
96$11,489,949$1,717,900$789,414$9,428,204
97$12,609,392$1,749,546$763,328$10,313,814
98$13,841,364$1,781,088$734,713$11,288,181
99$15,197,291$1,812,468$703,434$12,360,339
100$16,689,761$1,843,626$669,345$13,540,241