Can I retire at age 67 with 859,000?

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 $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%18.7%
1 years$70,935$70,304$69,687$69,085$68,498$66,094
2 years$35,117$34,463$33,829$33,214$32,618$30,221
3 years$23,178$22,522$21,889$21,281$20,694$18,380
4 years$17,211$16,556$15,930$15,331$14,759$12,545
5 years$13,631$12,980$12,362$11,776$11,220$9,112
6 years$11,245$10,599$9,991$9,417$8,878$6,878
7 years$9,542$8,901$8,302$7,743$7,220$5,327
8 years$8,265$7,630$7,041$6,495$5,990$4,203
9 years$7,272$6,643$6,064$5,532$5,044$3,360
10 years$6,478$5,856$5,287$4,769$4,298$2,715
11 years$5,829$5,213$4,655$4,150$3,696$2,211
12 years$5,289$4,679$4,131$3,640$3,203$1,811
13 years$4,832$4,228$3,691$3,214$2,793$1,491
14 years$4,441$3,843$3,316$2,853$2,449$1,233
15 years$4,102$3,511$2,994$2,544$2,156$1,023
16 years$3,806$3,221$2,714$2,278$1,905$851
17 years$3,545$2,967$2,470$2,047$1,689$709
18 years$3,313$2,741$2,255$1,845$1,502$592
19 years$3,106$2,541$2,064$1,667$1,339$495
20 years$2,919$2,361$1,894$1,510$1,196$414
21 years$2,751$2,199$1,742$1,370$1,070$347
22 years$2,598$2,053$1,606$1,246$959$291
23 years$2,459$1,920$1,483$1,135$861$244
24 years$2,332$1,799$1,371$1,035$774$205
25 years$2,215$1,688$1,270$945$696$172
26 years$2,107$1,587$1,178$864$627$145
27 years$2,007$1,493$1,094$791$566$122
28 years$1,915$1,407$1,017$725$510$103
29 years$1,829$1,327$946$665$461$86
30 years$1,749$1,254$881$610$416$73
31 years$1,674$1,185$822$560$376$61
32 years$1,604$1,121$767$515$341$51
33 years$1,538$1,062$716$473$308$43
34 years$1,477$1,006$669$436$279$36
35 years$1,419$955$625$401$253$31
36 years$1,364$906$585$369$229$26
37 years$1,313$860$548$340$208$22
38 years$1,264$818$513$314$188$18
39 years$1,218$778$480$289$171$15
40 years$1,174$740$450$267$155$13
41 years$1,133$704$422$246$140$11
42 years$1,094$671$396$227$127$9
43 years$1,056$639$372$210$116$8
44 years$1,021$609$349$194$105$7
45 years$987$581$328$179$95$6
46 years$954$554$308$165$87$5
47 years$923$529$289$153$79$4
48 years$894$505$272$141$71$3
49 years$866$482$255$130$65$3
50 years$839$461$240$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $859,000, adding $4,958 every year, while hoping to spend $41,534 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: 50/32/18 Blend
66$859,000$859,000$859,000$859,000
67$951,732$906,205$892,891$994,332
68$1,004,617$906,417$878,611$1,024,471
69$1,061,504$905,248$862,460$1,052,520
70$1,122,758$902,585$844,333$1,082,109
71$1,188,778$898,311$824,117$1,113,399
72$1,260,005$892,300$801,696$1,146,567
73$1,336,921$884,418$776,949$1,181,812
74$1,420,056$874,524$749,746$1,219,357
75$1,509,995$862,469$719,956$1,259,447
76$1,607,378$848,093$687,438$1,302,355
77$1,712,910$831,229$652,047$1,348,389
78$1,827,366$811,699$613,629$1,397,885
79$1,951,599$789,313$572,027$1,451,221
80$2,086,545$763,873$527,073$1,508,816
81$2,233,236$735,166$478,593$1,571,135
82$2,392,806$702,969$426,406$1,638,693
83$2,566,503$667,045$370,322$1,712,065
84$2,755,701$627,145$310,142$1,791,885
85$2,961,911$583,003$245,660$1,878,859
86$3,186,795$534,340$176,659$1,973,771
87$3,432,185$480,859$102,914$2,077,486
88$3,700,095$422,249$24,189$2,190,968
89$3,992,744$358,178$0$2,315,281
90$4,312,573$288,298$0$2,463,096
91$4,662,270$212,239$0$2,629,936
92$5,044,796$129,613$0$2,812,650
93$5,463,409$40,008$0$3,012,895
94$5,921,698$0$0$3,232,502
95$6,423,615$0$0$3,493,570
96$6,973,511$0$0$3,795,119
97$7,576,179$0$0$4,125,700
98$8,236,897$0$0$4,488,219
99$8,961,479$0$0$4,885,879
100$9,756,327$0$0$5,322,206