Can I retire at age 67 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$71,183$70,549$69,930$69,327$68,737$67,822
2 years$35,239$34,583$33,947$33,330$32,732$31,811
3 years$23,259$22,600$21,966$21,355$20,766$19,869
4 years$17,271$16,614$15,986$15,385$14,811$13,944
5 years$13,678$13,025$12,405$11,817$11,259$10,424
6 years$11,284$10,636$10,025$9,450$8,909$8,108
7 years$9,575$8,932$8,331$7,770$7,245$6,478
8 years$8,294$7,657$7,065$6,518$6,011$5,278
9 years$7,297$6,666$6,086$5,552$5,062$4,362
10 years$6,501$5,876$5,305$4,786$4,313$3,646
11 years$5,850$5,231$4,671$4,165$3,709$3,075
12 years$5,307$4,695$4,145$3,653$3,214$2,612
13 years$4,849$4,243$3,704$3,225$2,803$2,231
14 years$4,456$3,857$3,328$2,863$2,457$1,916
15 years$4,116$3,523$3,004$2,553$2,163$1,651
16 years$3,819$3,233$2,724$2,286$1,912$1,428
17 years$3,557$2,977$2,479$2,054$1,695$1,238
18 years$3,324$2,751$2,263$1,851$1,507$1,077
19 years$3,117$2,550$2,071$1,673$1,344$938
20 years$2,930$2,369$1,901$1,515$1,200$818
21 years$2,761$2,207$1,749$1,375$1,074$715
22 years$2,608$2,060$1,612$1,250$963$626
23 years$2,468$1,927$1,488$1,138$864$549
24 years$2,340$1,805$1,376$1,038$777$481
25 years$2,222$1,694$1,275$948$699$422
26 years$2,114$1,592$1,182$867$630$371
27 years$2,014$1,498$1,098$794$568$326
28 years$1,921$1,412$1,020$727$512$287
29 years$1,835$1,332$950$667$462$253
30 years$1,755$1,258$885$612$418$222
31 years$1,680$1,189$825$562$378$196
32 years$1,609$1,125$769$517$342$173
33 years$1,544$1,066$718$475$309$152
34 years$1,482$1,010$671$437$280$134
35 years$1,424$958$628$402$254$118
36 years$1,369$909$587$371$230$104
37 years$1,317$863$549$341$208$92
38 years$1,269$821$515$315$189$81
39 years$1,222$780$482$290$171$72
40 years$1,178$742$452$268$155$63
41 years$1,137$707$424$247$141$56
42 years$1,097$673$397$228$128$49
43 years$1,060$641$373$210$116$44
44 years$1,024$611$350$194$105$38
45 years$990$583$329$179$96$34
46 years$958$556$309$166$87$30
47 years$927$531$290$153$79$26
48 years$897$507$273$141$72$23
49 years$869$484$256$131$65$21
50 years$842$462$241$121$59$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $862,000, adding $5,444 every year, while hoping to spend $58,748 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: 70/22/8 Blend
66$862,000$862,000$862,000$862,000
67$955,539$909,853$896,492$1,020,725
68$990,497$891,929$864,018$1,046,650
69$1,027,051$871,157$828,486$1,067,284
70$1,065,303$847,336$789,733$1,088,262
71$1,105,362$820,253$747,586$1,109,606
72$1,147,345$789,682$701,867$1,131,340
73$1,191,382$755,384$652,387$1,153,493
74$1,237,611$717,107$598,950$1,176,098
75$1,286,184$674,581$541,352$1,199,192
76$1,337,265$627,526$479,377$1,222,820
77$1,391,033$575,642$412,803$1,247,033
78$1,447,683$518,612$341,396$1,271,887
79$1,507,425$456,103$264,912$1,297,451
80$1,570,492$387,761$183,096$1,323,799
81$1,637,135$313,214$95,682$1,351,019
82$1,707,628$232,068$2,393$1,379,207
83$1,782,273$143,905$0$1,408,477
84$1,861,396$48,288$0$1,447,248
85$1,945,355$0$0$1,488,127
86$2,034,542$0$0$1,544,474
87$2,129,385$0$0$1,616,849
88$2,230,353$0$0$1,693,924
89$2,337,958$0$0$1,776,094
90$2,452,763$0$0$1,863,791
91$2,575,382$0$0$1,957,489
92$2,706,490$0$0$2,057,707
93$2,846,826$0$0$2,165,015
94$2,997,201$0$0$2,280,037
95$3,158,505$0$0$2,403,458
96$3,331,712$0$0$2,536,030
97$3,517,894$0$0$2,678,579
98$3,718,227$0$0$2,832,009
99$3,934,001$0$0$2,997,316
100$4,166,635$0$0$3,175,592