Can I retire at age 67 with 854,000?

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 $854,000?

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%
1 years$70,523$69,894$69,281$68,683$68,099$67,500
2 years$34,912$34,262$33,632$33,021$32,428$31,825
3 years$23,044$22,391$21,762$21,157$20,574$19,984
4 years$17,110$16,459$15,837$15,242$14,673$14,103
5 years$13,551$12,904$12,290$11,708$11,154$10,604
6 years$11,180$10,537$9,932$9,363$8,826$8,297
7 years$9,486$8,849$8,254$7,697$7,178$6,670
8 years$8,217$7,585$7,000$6,457$5,955$5,468
9 years$7,230$6,605$6,029$5,500$5,015$4,549
10 years$6,441$5,822$5,256$4,741$4,273$3,828
11 years$5,795$5,183$4,628$4,126$3,675$3,250
12 years$5,258$4,652$4,107$3,619$3,185$2,780
13 years$4,804$4,204$3,669$3,195$2,777$2,392
14 years$4,415$3,821$3,297$2,836$2,434$2,068
15 years$4,078$3,491$2,977$2,530$2,143$1,796
16 years$3,784$3,203$2,699$2,265$1,894$1,565
17 years$3,524$2,949$2,456$2,035$1,680$1,368
18 years$3,294$2,725$2,242$1,834$1,493$1,199
19 years$3,088$2,526$2,052$1,657$1,331$1,053
20 years$2,902$2,347$1,883$1,501$1,189$926
21 years$2,735$2,186$1,732$1,362$1,064$816
22 years$2,583$2,041$1,597$1,239$954$720
23 years$2,445$1,909$1,474$1,128$856$636
24 years$2,318$1,788$1,363$1,029$770$563
25 years$2,202$1,678$1,263$940$692$499
26 years$2,094$1,577$1,171$859$624$442
27 years$1,995$1,484$1,088$786$562$392
28 years$1,903$1,399$1,011$720$507$348
29 years$1,818$1,320$941$661$458$309
30 years$1,738$1,246$876$606$414$274
31 years$1,664$1,178$817$557$374$244
32 years$1,595$1,115$762$512$339$217
33 years$1,529$1,056$712$471$306$193
34 years$1,468$1,001$665$433$277$172
35 years$1,411$949$622$399$251$153
36 years$1,356$901$582$367$228$136
37 years$1,305$855$544$338$206$121
38 years$1,257$813$510$312$187$108
39 years$1,211$773$478$287$170$96
40 years$1,168$736$448$265$154$86
41 years$1,126$700$420$245$140$76
42 years$1,087$667$394$226$127$68
43 years$1,050$635$369$208$115$61
44 years$1,015$606$347$192$104$54
45 years$981$577$326$178$95$48
46 years$949$551$306$164$86$43
47 years$918$526$287$152$78$38
48 years$889$502$270$140$71$34
49 years$861$479$254$130$64$30
50 years$834$458$239$120$59$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $854,000, adding $2,180 every year, while hoping to spend $25,825 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: 56/24/20 Blend
66$854,000$854,000$854,000$854,000
67$943,357$898,095$884,858$990,999
68$1,012,101$914,624$887,023$1,040,278
69$1,086,993$931,097$888,395$1,090,991
70$1,168,630$947,485$888,920$1,145,673
71$1,257,673$963,755$888,542$1,204,711
72$1,354,849$979,872$887,201$1,268,533
73$1,460,957$995,799$884,836$1,337,609
74$1,576,877$1,011,496$881,381$1,412,460
75$1,703,579$1,026,919$876,767$1,493,658
76$1,842,128$1,042,023$870,923$1,581,835
77$1,993,701$1,056,757$863,774$1,677,689
78$2,159,589$1,071,069$855,242$1,781,989
79$2,341,218$1,084,902$845,243$1,895,581
80$2,540,156$1,098,196$833,692$2,019,400
81$2,758,129$1,110,885$820,499$2,154,478
82$2,997,041$1,122,901$805,568$2,301,952
83$3,258,985$1,134,169$788,800$2,463,075
84$3,546,269$1,144,611$770,093$2,639,230
85$3,861,435$1,154,143$749,337$2,831,942
86$4,207,281$1,162,676$726,419$3,042,893
87$4,586,891$1,170,114$701,222$3,273,936
88$5,003,660$1,176,356$673,619$3,527,117
89$5,461,331$1,181,295$643,483$3,804,691
90$5,964,024$1,184,816$610,677$4,109,143
91$6,516,279$1,186,797$575,059$4,443,217
92$7,123,098$1,187,108$536,482$4,809,935
93$7,789,990$1,185,613$494,790$5,212,631
94$8,523,026$1,182,165$449,823$5,654,982
95$9,328,893$1,176,609$401,410$6,141,039
96$10,214,959$1,168,782$349,376$6,675,273
97$11,189,341$1,158,508$293,536$7,262,611
98$12,260,982$1,145,603$233,698$7,908,486
99$13,439,736$1,129,872$169,661$8,618,887
100$14,736,459$1,111,105$101,215$9,400,419