Can I retire at age 67 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$70,688$70,058$69,444$68,844$68,259$67,630
2 years$34,994$34,342$33,711$33,098$32,504$31,871
3 years$23,098$22,443$21,813$21,206$20,622$20,004
4 years$17,151$16,498$15,874$15,278$14,708$14,109
5 years$13,583$12,935$12,319$11,735$11,181$10,603
6 years$11,206$10,562$9,956$9,385$8,847$8,292
7 years$9,508$8,870$8,273$7,716$7,195$6,662
8 years$8,236$7,603$7,016$6,472$5,969$5,459
9 years$7,247$6,620$6,043$5,513$5,027$4,539
10 years$6,456$5,835$5,269$4,752$4,283$3,817
11 years$5,809$5,195$4,638$4,136$3,683$3,239
12 years$5,270$4,663$4,116$3,628$3,192$2,768
13 years$4,815$4,214$3,678$3,203$2,783$2,381
14 years$4,425$3,830$3,304$2,843$2,440$2,057
15 years$4,088$3,499$2,983$2,535$2,148$1,785
16 years$3,792$3,210$2,705$2,270$1,899$1,554
17 years$3,532$2,956$2,461$2,040$1,684$1,358
18 years$3,301$2,732$2,247$1,838$1,497$1,189
19 years$3,095$2,532$2,057$1,661$1,334$1,043
20 years$2,909$2,353$1,888$1,504$1,192$917
21 years$2,742$2,191$1,736$1,365$1,066$808
22 years$2,589$2,046$1,600$1,241$956$712
23 years$2,451$1,913$1,478$1,131$858$629
24 years$2,324$1,793$1,367$1,031$771$556
25 years$2,207$1,682$1,266$942$694$492
26 years$2,099$1,581$1,174$861$625$436
27 years$2,000$1,488$1,090$788$564$386
28 years$1,908$1,402$1,013$722$509$342
29 years$1,822$1,323$943$662$459$304
30 years$1,742$1,249$878$608$415$270
31 years$1,668$1,181$819$558$375$239
32 years$1,598$1,117$764$513$339$213
33 years$1,533$1,058$713$472$307$189
34 years$1,472$1,003$667$434$278$168
35 years$1,414$951$623$400$252$149
36 years$1,360$903$583$368$228$133
37 years$1,308$857$546$339$207$118
38 years$1,260$815$511$312$188$105
39 years$1,214$775$479$288$170$94
40 years$1,170$737$449$266$154$83
41 years$1,129$702$421$245$140$74
42 years$1,090$668$395$226$127$66
43 years$1,053$637$370$209$115$59
44 years$1,017$607$348$193$105$52
45 years$983$579$326$178$95$47
46 years$951$552$307$165$86$42
47 years$920$527$288$152$78$37
48 years$891$503$271$140$71$33
49 years$863$480$254$130$65$29
50 years$836$459$239$120$59$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $856,000, adding $4,116 every year, while hoping to spend $29,812 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: 37/47/16 Blend
66$856,000$856,000$856,000$856,000
67$947,558$902,190$888,922$977,875
68$1,012,489$914,677$886,981$1,012,564
69$1,083,044$926,777$883,976$1,046,867
70$1,159,765$938,440$879,839$1,083,284
71$1,243,248$949,611$874,501$1,122,018
72$1,334,150$960,233$867,888$1,163,298
73$1,433,193$970,244$859,922$1,207,375
74$1,541,171$979,578$850,522$1,254,528
75$1,658,960$988,167$839,604$1,305,063
76$1,787,522$995,935$827,078$1,359,324
77$1,927,917$1,002,803$812,853$1,417,687
78$2,081,310$1,008,687$796,830$1,480,571
79$2,248,988$1,013,497$778,907$1,548,437
80$2,432,363$1,017,136$758,979$1,621,799
81$2,632,993$1,019,505$736,934$1,701,222
82$2,852,592$1,020,494$712,655$1,787,333
83$3,093,048$1,019,990$686,020$1,880,825
84$3,356,439$1,017,869$656,902$1,982,465
85$3,645,054$1,014,004$625,167$2,093,100
86$3,961,416$1,008,256$590,676$2,213,668
87$4,308,300$1,000,480$553,283$2,345,205
88$4,688,765$990,522$512,837$2,488,858
89$5,106,180$978,219$469,178$2,645,892
90$5,564,255$963,396$422,140$2,817,708
91$6,067,077$945,870$371,549$3,005,852
92$6,619,147$925,446$317,224$3,212,036
93$7,225,425$901,918$258,977$3,438,147
94$7,891,374$875,068$196,608$3,686,273
95$8,623,012$844,664$129,912$3,958,720
96$9,426,969$810,462$58,673$4,258,035
97$10,310,548$772,203$0$4,587,032
98$11,281,796$729,613$0$4,951,779
99$12,349,578$682,402$0$5,363,629
100$13,523,660$630,265$0$5,816,385