Can I retire at age 67 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$70,853$70,222$69,606$69,005$68,418$67,873
2 years$35,076$34,422$33,789$33,175$32,580$32,031
3 years$23,151$22,495$21,864$21,256$20,670$20,133
4 years$17,191$16,537$15,911$15,314$14,742$14,222
5 years$13,615$12,965$12,348$11,762$11,207$10,705
6 years$11,232$10,587$9,979$9,406$8,867$8,385
7 years$9,531$8,891$8,293$7,734$7,212$6,748
8 years$8,255$7,621$7,033$6,487$5,983$5,538
9 years$7,264$6,635$6,057$5,526$5,038$4,613
10 years$6,471$5,849$5,281$4,763$4,293$3,886
11 years$5,823$5,207$4,649$4,146$3,692$3,304
12 years$5,283$4,673$4,126$3,636$3,199$2,830
13 years$4,826$4,223$3,686$3,210$2,790$2,438
14 years$4,436$3,839$3,312$2,850$2,446$2,111
15 years$4,097$3,507$2,990$2,541$2,153$1,835
16 years$3,801$3,218$2,711$2,276$1,903$1,601
17 years$3,541$2,963$2,467$2,045$1,687$1,402
18 years$3,309$2,738$2,252$1,843$1,500$1,230
19 years$3,102$2,538$2,062$1,665$1,337$1,082
20 years$2,916$2,358$1,892$1,508$1,195$953
21 years$2,748$2,197$1,740$1,369$1,069$841
22 years$2,595$2,050$1,604$1,244$958$743
23 years$2,456$1,918$1,481$1,133$860$658
24 years$2,329$1,797$1,370$1,034$773$583
25 years$2,212$1,686$1,269$944$696$517
26 years$2,104$1,585$1,177$863$627$459
27 years$2,005$1,491$1,093$790$565$408
28 years$1,912$1,405$1,016$724$510$362
29 years$1,826$1,326$945$664$460$322
30 years$1,747$1,252$880$609$416$287
31 years$1,672$1,184$821$559$376$255
32 years$1,602$1,120$766$514$340$227
33 years$1,537$1,061$715$473$308$203
34 years$1,475$1,005$668$435$279$181
35 years$1,417$953$625$400$252$161
36 years$1,363$905$584$369$229$144
37 years$1,311$859$547$340$207$128
38 years$1,263$817$512$313$188$114
39 years$1,217$777$480$289$170$102
40 years$1,173$739$450$266$155$91
41 years$1,132$703$422$246$140$81
42 years$1,092$670$396$227$127$72
43 years$1,055$638$371$209$115$65
44 years$1,019$608$348$193$105$58
45 years$986$580$327$179$95$52
46 years$953$553$307$165$86$46
47 years$922$528$289$152$78$41
48 years$893$504$271$141$71$37
49 years$865$482$255$130$65$33
50 years$838$460$240$120$59$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $858,000, adding $5,468 every year, while hoping to spend $46,460 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: 47/39/14 Blend
66$858,000$858,000$858,000$858,000
67$951,156$905,682$892,383$991,880
68$998,741$900,628$872,845$1,015,582
69$1,049,622$893,768$851,095$1,036,094
70$1,104,088$884,966$827,010$1,057,333
71$1,162,451$874,076$800,462$1,079,384
72$1,225,059$860,944$771,315$1,102,344
73$1,292,290$845,405$739,429$1,126,322
74$1,364,560$827,287$704,657$1,151,440
75$1,442,327$806,405$666,844$1,177,839
76$1,526,090$782,565$625,830$1,205,675
77$1,616,402$755,562$581,446$1,235,125
78$1,713,868$725,176$533,516$1,266,388
79$1,819,151$691,179$481,858$1,299,687
80$1,932,983$653,325$426,279$1,335,275
81$2,056,167$611,358$366,579$1,373,431
82$2,189,585$565,003$302,548$1,414,472
83$2,334,208$513,974$233,969$1,458,751
84$2,491,103$457,964$160,612$1,506,663
85$2,661,443$396,652$82,241$1,558,650
86$2,846,520$329,698$0$1,615,205
87$3,047,754$256,742$0$1,677,089
88$3,266,706$177,404$0$1,757,830
89$3,505,097$91,283$0$1,845,858
90$3,764,816$0$0$1,941,978
91$4,047,946$0$0$2,047,962
92$4,356,778$0$0$2,206,387
93$4,693,832$0$0$2,379,381
94$5,061,885$0$0$2,568,380
95$5,463,992$0$0$2,774,966
96$5,903,517$0$0$3,000,879
97$6,384,161$0$0$3,248,036
98$6,910,004$0$0$3,518,546
99$7,485,535$0$0$3,814,733
100$8,115,698$0$0$4,139,156