Can I retire at age 67 with 855,000?

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 $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%17.8%
1 years$70,605$69,976$69,363$68,764$68,179$66,023
2 years$34,953$34,302$33,671$33,059$32,466$30,314
3 years$23,071$22,417$21,787$21,182$20,598$18,516
4 years$17,130$16,479$15,856$15,260$14,691$12,696
5 years$13,567$12,920$12,305$11,721$11,168$9,265
6 years$11,193$10,550$9,944$9,374$8,836$7,028
7 years$9,497$8,860$8,264$7,707$7,186$5,471
8 years$8,226$7,594$7,008$6,465$5,962$4,339
9 years$7,238$6,612$6,036$5,507$5,021$3,489
10 years$6,448$5,828$5,262$4,747$4,278$2,835
11 years$5,802$5,189$4,633$4,131$3,679$2,322
12 years$5,264$4,657$4,112$3,624$3,188$1,914
13 years$4,810$4,209$3,673$3,199$2,780$1,586
14 years$4,420$3,826$3,301$2,840$2,437$1,319
15 years$4,083$3,495$2,980$2,533$2,146$1,101
16 years$3,788$3,206$2,702$2,268$1,897$922
17 years$3,528$2,953$2,459$2,037$1,682$773
18 years$3,297$2,729$2,244$1,836$1,495$650
19 years$3,091$2,529$2,055$1,659$1,333$547
20 years$2,906$2,350$1,886$1,503$1,190$461
21 years$2,738$2,189$1,734$1,364$1,065$389
22 years$2,586$2,043$1,599$1,240$955$329
23 years$2,448$1,911$1,476$1,129$857$278
24 years$2,321$1,790$1,365$1,030$770$235
25 years$2,204$1,680$1,264$941$693$199
26 years$2,097$1,579$1,173$860$624$168
27 years$1,998$1,486$1,089$787$563$143
28 years$1,906$1,400$1,012$721$508$121
29 years$1,820$1,321$942$661$459$102
30 years$1,740$1,248$877$607$414$87
31 years$1,666$1,179$818$557$375$74
32 years$1,596$1,116$763$512$339$62
33 years$1,531$1,057$713$471$307$53
34 years$1,470$1,002$666$433$278$45
35 years$1,412$950$622$399$252$38
36 years$1,358$902$582$368$228$32
37 years$1,307$856$545$339$207$27
38 years$1,258$814$510$312$187$23
39 years$1,212$774$478$288$170$20
40 years$1,169$736$448$265$154$17
41 years$1,128$701$420$245$140$14
42 years$1,089$668$394$226$127$12
43 years$1,051$636$370$209$115$10
44 years$1,016$606$347$193$104$9
45 years$982$578$326$178$95$7
46 years$950$552$306$164$86$6
47 years$919$526$288$152$78$5
48 years$890$502$270$140$71$5
49 years$862$480$254$130$64$4
50 years$835$458$239$120$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $855,000, adding $3,492 every year, while hoping to spend $46,852 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: 70/15/15 Blend
66$855,000$855,000$855,000$855,000
67$945,812$900,497$887,244$1,008,536
68$992,435$894,771$867,117$1,044,957
69$1,042,243$887,195$844,745$1,078,850
70$1,095,511$877,627$820,004$1,114,736
71$1,152,542$865,920$792,763$1,152,805
72$1,213,667$851,915$762,886$1,193,266
73$1,279,249$835,447$730,231$1,236,351
74$1,349,687$816,338$694,648$1,282,317
75$1,425,418$794,402$655,981$1,331,449
76$1,506,922$769,439$614,069$1,384,059
77$1,594,728$741,241$568,739$1,440,497
78$1,689,413$709,585$519,815$1,501,146
79$1,791,616$674,237$467,112$1,566,432
80$1,902,034$634,949$410,433$1,636,825
81$2,021,437$591,456$349,578$1,712,845
82$2,150,669$543,483$284,334$1,795,069
83$2,290,658$490,735$214,480$1,884,130
84$2,442,426$432,901$139,786$1,980,734
85$2,607,095$369,655$60,010$2,085,657
86$2,785,899$300,649$0$2,199,757
87$2,980,198$225,517$0$2,328,007
88$3,191,484$143,874$0$2,477,945
89$3,421,402$55,310$0$2,641,160
90$3,671,759$0$0$2,818,979
91$3,944,546$0$0$3,019,567
92$4,241,953$0$0$3,248,254
93$4,566,390$0$0$3,497,769
94$4,920,510$0$0$3,770,157
95$5,307,232$0$0$4,067,671
96$5,729,773$0$0$4,392,790
97$6,191,671$0$0$4,748,243
98$6,696,823$0$0$5,137,034
99$7,249,518$0$0$5,562,473
100$7,854,481$0$0$6,028,203