Can I retire at age 67 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$71,101$70,467$69,849$69,246$68,657$68,168
2 years$35,198$34,543$33,907$33,291$32,694$32,200
3 years$23,232$22,574$21,940$21,330$20,742$20,260
4 years$17,251$16,594$15,967$15,367$14,794$14,326
5 years$13,663$13,010$12,391$11,803$11,246$10,794
6 years$11,271$10,624$10,014$9,439$8,898$8,464
7 years$9,564$8,922$8,322$7,761$7,237$6,819
8 years$8,284$7,648$7,057$6,510$6,004$5,603
9 years$7,289$6,659$6,078$5,545$5,056$4,672
10 years$6,493$5,869$5,299$4,780$4,308$3,941
11 years$5,843$5,225$4,665$4,160$3,705$3,355
12 years$5,301$4,690$4,140$3,649$3,211$2,877
13 years$4,843$4,238$3,699$3,221$2,800$2,482
14 years$4,451$3,852$3,324$2,860$2,454$2,151
15 years$4,111$3,519$3,001$2,550$2,161$1,873
16 years$3,815$3,229$2,721$2,284$1,910$1,637
17 years$3,553$2,974$2,476$2,052$1,693$1,434
18 years$3,321$2,748$2,260$1,849$1,506$1,260
19 years$3,113$2,547$2,069$1,671$1,342$1,110
20 years$2,926$2,366$1,899$1,513$1,199$980
21 years$2,758$2,204$1,747$1,373$1,073$866
22 years$2,605$2,058$1,610$1,249$962$766
23 years$2,465$1,924$1,486$1,137$863$679
24 years$2,337$1,803$1,375$1,037$776$603
25 years$2,220$1,692$1,273$947$698$535
26 years$2,112$1,590$1,181$866$629$476
27 years$2,012$1,497$1,096$793$567$423
28 years$1,919$1,410$1,019$726$512$377
29 years$1,833$1,330$949$666$462$336
30 years$1,753$1,256$884$611$417$299
31 years$1,678$1,188$824$561$377$267
32 years$1,608$1,124$769$516$341$238
33 years$1,542$1,064$718$474$309$213
34 years$1,480$1,009$670$437$280$190
35 years$1,422$957$627$402$253$169
36 years$1,367$908$586$370$230$151
37 years$1,316$862$549$341$208$135
38 years$1,267$820$514$314$189$121
39 years$1,221$779$482$290$171$108
40 years$1,177$742$451$267$155$97
41 years$1,136$706$423$247$141$86
42 years$1,096$672$397$228$128$77
43 years$1,059$641$373$210$116$69
44 years$1,023$611$350$194$105$62
45 years$989$582$328$179$96$55
46 years$957$555$308$165$87$49
47 years$926$530$290$153$79$44
48 years$896$506$272$141$72$40
49 years$868$483$256$131$65$35
50 years$841$462$241$121$59$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $861,000, adding $5,104 every year, while hoping to spend $35,959 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: 43/28/29 Blend
66$861,000$861,000$861,000$861,000
67$954,087$908,454$895,108$986,858
68$1,013,144$914,708$886,834$1,017,128
69$1,077,019$920,063$877,078$1,046,126
70$1,146,166$924,438$865,752$1,076,867
71$1,221,085$927,745$852,764$1,109,532
72$1,302,322$929,891$838,018$1,144,327
73$1,390,481$930,777$821,413$1,181,478
74$1,486,225$930,300$802,846$1,221,236
75$1,590,283$928,348$782,204$1,263,883
76$1,703,457$924,803$759,374$1,309,729
77$1,826,631$919,539$734,234$1,359,119
78$1,960,775$912,425$706,658$1,412,437
79$2,106,959$903,318$676,516$1,470,109
80$2,266,358$892,070$643,668$1,532,608
81$2,440,267$878,522$607,972$1,600,456
82$2,630,111$862,507$569,276$1,674,235
83$2,837,459$843,846$527,423$1,754,589
84$3,064,037$822,352$482,250$1,842,232
85$3,311,747$797,825$433,583$1,937,955
86$3,582,681$770,055$381,244$2,042,634
87$3,879,144$738,817$325,045$2,157,239
88$4,203,674$703,876$264,792$2,282,845
89$4,559,065$664,982$200,278$2,420,642
90$4,948,395$621,871$131,292$2,571,946
91$5,375,051$574,263$57,611$2,738,216
92$5,842,767$521,863$0$2,921,061
93$6,355,653$464,358$0$3,128,772
94$6,918,236$401,418$0$3,376,263
95$7,535,504$332,695$0$3,647,949
96$8,212,949$257,820$0$3,946,324
97$8,956,621$176,405$0$4,274,139
98$9,773,184$88,037$0$4,634,432
99$10,669,982$0$0$5,030,553
100$11,655,101$0$0$5,468,578