Can I retire at age 67 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$71,513$70,876$70,255$69,648$69,056$67,800
2 years$35,403$34,743$34,104$33,485$32,884$31,623
3 years$23,367$22,705$22,068$21,454$20,863$19,637
4 years$17,351$16,691$16,060$15,456$14,880$13,697
5 years$13,742$13,086$12,463$11,872$11,311$10,176
6 years$11,337$10,685$10,072$9,494$8,950$7,864
7 years$9,619$8,974$8,370$7,806$7,279$6,241
8 years$8,332$7,692$7,098$6,548$6,039$5,049
9 years$7,331$6,697$6,114$5,577$5,085$4,144
10 years$6,531$5,903$5,330$4,808$4,333$3,439
11 years$5,877$5,255$4,693$4,184$3,726$2,878
12 years$5,332$4,717$4,165$3,670$3,229$2,426
13 years$4,871$4,263$3,721$3,240$2,816$2,056
14 years$4,477$3,875$3,343$2,876$2,468$1,751
15 years$4,135$3,540$3,018$2,565$2,173$1,497
16 years$3,837$3,248$2,737$2,297$1,921$1,284
17 years$3,574$2,991$2,490$2,064$1,703$1,104
18 years$3,340$2,764$2,273$1,860$1,514$951
19 years$3,131$2,561$2,081$1,680$1,350$821
20 years$2,943$2,380$1,910$1,522$1,206$711
21 years$2,774$2,217$1,757$1,381$1,079$615
22 years$2,620$2,070$1,619$1,256$967$534
23 years$2,479$1,936$1,495$1,144$868$463
24 years$2,351$1,814$1,383$1,043$780$403
25 years$2,233$1,702$1,281$953$702$350
26 years$2,124$1,599$1,188$871$632$305
27 years$2,023$1,505$1,103$797$570$265
28 years$1,930$1,418$1,025$731$515$231
29 years$1,843$1,338$954$670$465$201
30 years$1,763$1,264$889$615$420$176
31 years$1,687$1,195$828$565$380$153
32 years$1,617$1,130$773$519$343$134
33 years$1,551$1,070$722$477$311$117
34 years$1,489$1,015$674$439$281$102
35 years$1,430$962$630$404$255$89
36 years$1,375$913$590$372$231$78
37 years$1,323$867$552$343$209$68
38 years$1,274$824$517$316$190$59
39 years$1,228$784$484$291$172$52
40 years$1,184$746$454$269$156$45
41 years$1,142$710$426$248$142$39
42 years$1,103$676$399$229$128$34
43 years$1,065$644$375$211$117$30
44 years$1,029$614$352$195$106$26
45 years$995$586$330$180$96$23
46 years$962$559$310$166$87$20
47 years$931$533$291$154$79$18
48 years$901$509$274$142$72$15
49 years$873$486$257$131$65$13
50 years$846$464$242$121$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $866,000, adding $5,641 every year, while hoping to spend $41,984 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: 83/10/7 Blend
66$866,000$866,000$866,000$866,000
67$960,151$914,253$900,830$1,038,752
68$1,013,415$914,380$886,337$1,091,077
69$1,070,706$913,107$869,951$1,142,288
70$1,132,389$910,320$851,565$1,197,218
71$1,198,866$905,900$831,067$1,256,213
72$1,270,580$899,718$808,337$1,319,656
73$1,348,015$891,640$783,252$1,387,967
74$1,431,706$881,524$755,684$1,461,611
75$1,522,238$869,217$725,498$1,541,098
76$1,620,256$854,558$692,552$1,626,991
77$1,726,469$837,378$656,699$1,719,909
78$1,841,655$817,496$617,785$1,820,535
79$1,966,671$794,721$575,648$1,929,622
80$2,102,460$768,851$530,121$2,047,997
81$2,250,058$739,671$481,026$2,176,574
82$2,410,605$706,956$428,182$2,316,358
83$2,585,355$670,466$371,395$2,468,459
84$2,775,689$629,946$310,464$2,634,097
85$2,983,127$585,131$245,182$2,814,620
86$3,209,338$535,735$175,328$3,011,511
87$3,456,165$481,460$100,675$3,226,405
88$3,725,630$421,988$20,985$3,461,104
89$4,019,965$356,986$0$3,717,594
90$4,341,624$286,100$0$4,002,850
91$4,693,307$208,957$0$4,316,483
92$5,077,991$125,162$0$4,659,604
93$5,498,950$34,299$0$5,035,165
94$5,959,792$0$0$5,446,419
95$6,464,487$0$0$5,904,001
96$7,017,411$0$0$6,409,461
97$7,623,380$0$0$6,963,430
98$8,287,699$0$0$7,570,761
99$9,016,211$0$0$8,236,797
100$9,815,350$0$0$8,967,424