Can I retire at age 67 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$71,266$70,631$70,012$69,407$68,817$68,354
2 years$35,280$34,623$33,986$33,369$32,770$32,304
3 years$23,286$22,627$21,991$21,380$20,791$20,335
4 years$17,291$16,633$16,004$15,403$14,828$14,386
5 years$13,694$13,040$12,420$11,831$11,272$10,846
6 years$11,297$10,648$10,037$9,461$8,919$8,509
7 years$9,586$8,943$8,341$7,779$7,254$6,859
8 years$8,303$7,665$7,074$6,525$6,018$5,639
9 years$7,306$6,674$6,093$5,558$5,068$4,705
10 years$6,508$5,883$5,312$4,791$4,318$3,971
11 years$5,856$5,237$4,676$4,170$3,714$3,382
12 years$5,314$4,701$4,150$3,657$3,218$2,902
13 years$4,855$4,248$3,708$3,229$2,806$2,505
14 years$4,461$3,861$3,331$2,866$2,460$2,173
15 years$4,121$3,527$3,008$2,556$2,166$1,893
16 years$3,823$3,236$2,727$2,289$1,914$1,656
17 years$3,561$2,981$2,482$2,056$1,697$1,452
18 years$3,328$2,754$2,265$1,853$1,509$1,277
19 years$3,120$2,553$2,074$1,675$1,345$1,125
20 years$2,933$2,372$1,903$1,517$1,202$994
21 years$2,764$2,209$1,751$1,376$1,075$879
22 years$2,611$2,062$1,613$1,252$964$779
23 years$2,471$1,929$1,490$1,140$865$691
24 years$2,343$1,807$1,378$1,040$778$613
25 years$2,225$1,696$1,276$949$700$545
26 years$2,117$1,594$1,184$868$630$485
27 years$2,016$1,500$1,099$795$568$432
28 years$1,923$1,414$1,022$728$513$385
29 years$1,837$1,334$951$668$463$343
30 years$1,757$1,259$886$613$418$306
31 years$1,682$1,191$826$563$378$273
32 years$1,611$1,126$770$517$342$244
33 years$1,546$1,067$719$476$310$218
34 years$1,484$1,011$672$438$280$195
35 years$1,425$959$628$403$254$174
36 years$1,371$910$588$371$230$156
37 years$1,319$864$550$342$209$139
38 years$1,270$822$515$315$189$124
39 years$1,224$781$483$290$171$111
40 years$1,180$743$452$268$155$100
41 years$1,138$708$424$247$141$89
42 years$1,099$674$398$228$128$80
43 years$1,061$642$373$211$116$71
44 years$1,025$612$350$194$105$64
45 years$991$584$329$180$96$57
46 years$959$557$309$166$87$51
47 years$928$531$290$153$79$46
48 years$898$507$273$142$72$41
49 years$870$484$256$131$65$37
50 years$843$463$241$121$59$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $863,000, adding $4,267 every year, while hoping to spend $41,199 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: 51/38/11 Blend
66$863,000$863,000$863,000$863,000
67$955,427$909,688$896,312$1,001,159
68$1,009,046$910,428$882,503$1,033,604
69$1,066,752$909,822$866,851$1,064,118
70$1,128,920$907,763$849,250$1,096,342
71$1,195,960$904,134$829,590$1,130,447
72$1,268,323$898,811$807,756$1,166,625
73$1,346,504$891,665$783,627$1,205,089
74$1,431,046$882,555$757,078$1,246,074
75$1,522,549$871,337$727,976$1,289,843
76$1,621,669$857,852$696,184$1,336,689
77$1,729,130$841,938$661,556$1,386,935
78$1,845,727$823,418$623,944$1,440,942
79$1,972,333$802,108$583,188$1,499,110
80$2,109,911$777,812$539,125$1,561,881
81$2,259,519$750,321$491,583$1,629,750
82$2,422,320$719,417$440,381$1,703,261
83$2,599,596$684,867$385,332$1,783,021
84$2,792,755$646,426$326,241$1,869,702
85$3,003,347$603,832$262,902$1,964,049
86$3,233,081$556,813$195,102$2,066,887
87$3,483,835$505,076$122,617$2,179,131
88$3,757,676$448,315$45,215$2,301,795
89$4,056,882$386,205$0$2,436,001
90$4,383,958$318,403$0$2,587,381
91$4,741,664$244,547$0$2,758,871
92$5,133,039$164,254$0$2,946,714
93$5,561,426$77,121$0$3,152,628
94$6,030,511$0$0$3,378,515
95$6,544,350$0$0$3,633,700
96$7,107,411$0$0$3,948,754
97$7,724,613$0$0$4,294,193
98$8,401,375$0$0$4,673,060
99$9,143,666$0$0$5,088,709
100$9,958,059$0$0$5,544,833