Can I retire at age 67 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$70,935$70,304$69,687$69,085$68,498$68,209
2 years$35,117$34,463$33,829$33,214$32,618$32,327
3 years$23,178$22,522$21,889$21,281$20,694$20,409
4 years$17,211$16,556$15,930$15,331$14,759$14,483
5 years$13,631$12,980$12,362$11,776$11,220$10,952
6 years$11,245$10,599$9,991$9,417$8,878$8,620
7 years$9,542$8,901$8,302$7,743$7,220$6,972
8 years$8,265$7,630$7,041$6,495$5,990$5,751
9 years$7,272$6,643$6,064$5,532$5,044$4,816
10 years$6,478$5,856$5,287$4,769$4,298$4,079
11 years$5,829$5,213$4,655$4,150$3,696$3,487
12 years$5,289$4,679$4,131$3,640$3,203$3,003
13 years$4,832$4,228$3,691$3,214$2,793$2,602
14 years$4,441$3,843$3,316$2,853$2,449$2,266
15 years$4,102$3,511$2,994$2,544$2,156$1,983
16 years$3,806$3,221$2,714$2,278$1,905$1,740
17 years$3,545$2,967$2,470$2,047$1,689$1,533
18 years$3,313$2,741$2,255$1,845$1,502$1,353
19 years$3,106$2,541$2,064$1,667$1,339$1,198
20 years$2,919$2,361$1,894$1,510$1,196$1,062
21 years$2,751$2,199$1,742$1,370$1,070$944
22 years$2,598$2,053$1,606$1,246$959$840
23 years$2,459$1,920$1,483$1,135$861$748
24 years$2,332$1,799$1,371$1,035$774$668
25 years$2,215$1,688$1,270$945$696$596
26 years$2,107$1,587$1,178$864$627$533
27 years$2,007$1,493$1,094$791$566$477
28 years$1,915$1,407$1,017$725$510$427
29 years$1,829$1,327$946$665$461$382
30 years$1,749$1,254$881$610$416$343
31 years$1,674$1,185$822$560$376$307
32 years$1,604$1,121$767$515$341$276
33 years$1,538$1,062$716$473$308$248
34 years$1,477$1,006$669$436$279$222
35 years$1,419$955$625$401$253$200
36 years$1,364$906$585$369$229$179
37 years$1,313$860$548$340$208$161
38 years$1,264$818$513$314$188$145
39 years$1,218$778$480$289$171$130
40 years$1,174$740$450$267$155$117
41 years$1,133$704$422$246$140$105
42 years$1,094$671$396$227$127$95
43 years$1,056$639$372$210$116$85
44 years$1,021$609$349$194$105$77
45 years$987$581$328$179$95$69
46 years$954$554$308$165$87$62
47 years$923$529$289$153$79$56
48 years$894$505$272$141$71$50
49 years$866$482$255$130$65$45
50 years$839$461$240$120$59$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $859,000, adding $3,946 every year, while hoping to spend $30,808 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: 22/48/30 Blend
66$859,000$859,000$859,000$859,000
67$950,688$905,161$891,847$962,541
68$1,014,879$916,735$888,944$985,095
69$1,084,585$927,843$884,912$1,006,395
70$1,160,335$938,430$879,679$1,028,528
71$1,242,714$948,437$873,173$1,051,583
72$1,332,361$957,802$865,315$1,075,659
73$1,429,984$966,456$856,025$1,100,870
74$1,536,359$974,329$845,218$1,127,340
75$1,652,340$981,343$832,806$1,155,212
76$1,778,869$987,419$818,695$1,184,643
77$1,916,980$992,469$802,787$1,215,812
78$2,067,813$996,401$784,982$1,248,916
79$2,232,623$999,118$765,172$1,284,177
80$2,412,792$1,000,516$743,246$1,321,844
81$2,609,840$1,000,484$719,088$1,362,194
82$2,825,441$998,906$692,575$1,405,536
83$3,061,440$995,655$663,580$1,452,214
84$3,319,866$990,602$631,969$1,502,614
85$3,602,956$983,605$597,604$1,557,163
86$3,913,171$974,516$560,338$1,616,339
87$4,253,224$963,176$520,018$1,680,672
88$4,626,101$949,420$476,487$1,750,753
89$5,035,092$933,070$429,578$1,827,239
90$5,483,819$913,938$379,116$1,910,861
91$5,976,273$891,826$324,922$2,002,429
92$6,516,851$866,523$266,804$2,102,845
93$7,110,394$837,807$204,566$2,213,109
94$7,762,236$805,442$138,001$2,334,332
95$8,478,253$769,178$66,894$2,467,746
96$9,264,919$728,751$0$2,614,719
97$10,129,364$683,884$0$2,779,642
98$11,079,444$634,279$0$2,984,358
99$12,123,815$579,626$0$3,209,371
100$13,272,010$519,594$0$3,456,826