Can I retire at age 67 with 855,000?

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 $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$70,605$69,976$69,363$68,764$68,179$66,450
2 years$34,953$34,302$33,671$33,059$32,466$30,735
3 years$23,071$22,417$21,787$21,182$20,598$18,919
4 years$17,130$16,479$15,856$15,260$14,691$13,078
5 years$13,567$12,920$12,305$11,721$11,168$9,624
6 years$11,193$10,550$9,944$9,374$8,836$7,365
7 years$9,497$8,860$8,264$7,707$7,186$5,786
8 years$8,226$7,594$7,008$6,465$5,962$4,632
9 years$7,238$6,612$6,036$5,507$5,021$3,761
10 years$6,448$5,828$5,262$4,747$4,278$3,086
11 years$5,802$5,189$4,633$4,131$3,679$2,554
12 years$5,264$4,657$4,112$3,624$3,188$2,127
13 years$4,810$4,209$3,673$3,199$2,780$1,782
14 years$4,420$3,826$3,301$2,840$2,437$1,499
15 years$4,083$3,495$2,980$2,533$2,146$1,265
16 years$3,788$3,206$2,702$2,268$1,897$1,071
17 years$3,528$2,953$2,459$2,037$1,682$909
18 years$3,297$2,729$2,244$1,836$1,495$773
19 years$3,091$2,529$2,055$1,659$1,333$659
20 years$2,906$2,350$1,886$1,503$1,190$562
21 years$2,738$2,189$1,734$1,364$1,065$480
22 years$2,586$2,043$1,599$1,240$955$411
23 years$2,448$1,911$1,476$1,129$857$352
24 years$2,321$1,790$1,365$1,030$770$301
25 years$2,204$1,680$1,264$941$693$258
26 years$2,097$1,579$1,173$860$624$222
27 years$1,998$1,486$1,089$787$563$190
28 years$1,906$1,400$1,012$721$508$163
29 years$1,820$1,321$942$661$459$140
30 years$1,740$1,248$877$607$414$120
31 years$1,666$1,179$818$557$375$103
32 years$1,596$1,116$763$512$339$89
33 years$1,531$1,057$713$471$307$76
34 years$1,470$1,002$666$433$278$66
35 years$1,412$950$622$399$252$57
36 years$1,358$902$582$368$228$49
37 years$1,307$856$545$339$207$42
38 years$1,258$814$510$312$187$36
39 years$1,212$774$478$288$170$31
40 years$1,169$736$448$265$154$27
41 years$1,128$701$420$245$140$23
42 years$1,089$668$394$226$127$20
43 years$1,051$636$370$209$115$17
44 years$1,016$606$347$193$104$15
45 years$982$578$326$178$95$13
46 years$950$552$306$164$86$11
47 years$919$526$288$152$78$9
48 years$890$502$270$140$71$8
49 years$862$480$254$130$64$7
50 years$835$458$239$120$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $855,000, adding $5,026 every year, while hoping to spend $23,776 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: 35/35/30 Blend
66$855,000$855,000$855,000$855,000
67$947,394$902,079$888,827$971,863
68$1,018,731$920,984$893,305$1,009,624
69$1,096,547$940,018$897,136$1,047,864
70$1,181,479$959,162$900,274$1,088,676
71$1,274,225$978,397$902,669$1,132,306
72$1,375,558$997,700$904,270$1,179,028
73$1,486,324$1,017,046$905,022$1,229,144
74$1,607,457$1,036,410$904,869$1,282,985
75$1,739,987$1,055,763$903,751$1,340,921
76$1,885,044$1,075,074$901,605$1,403,357
77$2,043,876$1,094,310$898,366$1,470,741
78$2,217,855$1,113,435$893,965$1,543,568
79$2,408,494$1,132,410$888,330$1,622,385
80$2,617,456$1,151,195$881,386$1,707,796
81$2,846,577$1,169,744$873,053$1,800,468
82$3,097,876$1,188,009$863,248$1,901,134
83$3,373,577$1,205,939$851,884$2,010,609
84$3,676,130$1,223,479$838,871$2,129,789
85$4,008,235$1,240,569$824,113$2,259,663
86$4,372,865$1,257,146$807,510$2,401,325
87$4,773,294$1,273,144$788,959$2,555,979
88$5,213,131$1,288,488$768,350$2,724,959
89$5,696,349$1,303,103$745,568$2,909,731
90$6,227,327$1,316,905$720,495$3,111,920
91$6,810,888$1,329,808$693,006$3,333,312
92$7,452,347$1,341,716$662,969$3,575,884
93$8,157,556$1,352,530$630,249$3,841,814
94$8,932,967$1,362,144$594,702$4,133,508
95$9,785,684$1,370,444$556,179$4,453,617
96$10,723,538$1,377,310$514,525$4,805,069
97$11,755,154$1,382,613$469,577$5,191,093
98$12,890,036$1,386,218$421,164$5,615,253
99$14,138,656$1,387,978$369,109$6,081,480
100$15,512,550$1,387,741$313,226$6,594,108