Can I retire at age 67 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$71,596$70,958$70,336$69,729$69,136$68,329
2 years$35,444$34,783$34,144$33,523$32,922$32,109
3 years$23,394$22,731$22,093$21,479$20,887$20,094
4 years$17,371$16,710$16,078$15,474$14,897$14,130
5 years$13,758$13,101$12,477$11,886$11,324$10,586
6 years$11,350$10,698$10,084$9,505$8,961$8,251
7 years$9,631$8,984$8,379$7,815$7,287$6,608
8 years$8,342$7,701$7,106$6,556$6,046$5,395
9 years$7,340$6,705$6,121$5,584$5,091$4,470
10 years$6,539$5,910$5,336$4,813$4,338$3,746
11 years$5,884$5,261$4,698$4,189$3,731$3,167
12 years$5,338$4,722$4,169$3,674$3,233$2,697
13 years$4,877$4,268$3,725$3,244$2,819$2,310
14 years$4,482$3,879$3,347$2,880$2,471$1,988
15 years$4,140$3,544$3,022$2,568$2,176$1,718
16 years$3,841$3,251$2,740$2,299$1,923$1,490
17 years$3,578$2,994$2,493$2,066$1,705$1,296
18 years$3,344$2,767$2,276$1,862$1,516$1,130
19 years$3,135$2,564$2,083$1,682$1,351$987
20 years$2,947$2,383$1,912$1,524$1,207$864
21 years$2,777$2,220$1,759$1,383$1,080$758
22 years$2,623$2,072$1,621$1,257$968$665
23 years$2,482$1,938$1,497$1,145$869$585
24 years$2,353$1,816$1,384$1,044$781$514
25 years$2,235$1,704$1,282$954$703$453
26 years$2,126$1,601$1,189$872$633$399
27 years$2,026$1,507$1,104$798$571$352
28 years$1,932$1,420$1,026$731$515$311
29 years$1,846$1,340$955$671$465$274
30 years$1,765$1,265$890$616$420$242
31 years$1,689$1,196$829$565$380$214
32 years$1,619$1,132$774$520$344$189
33 years$1,553$1,072$723$478$311$167
34 years$1,491$1,016$675$440$282$148
35 years$1,432$963$631$405$255$131
36 years$1,377$914$590$373$231$116
37 years$1,325$868$553$343$209$103
38 years$1,276$825$518$316$190$91
39 years$1,229$785$485$292$172$80
40 years$1,185$747$454$269$156$71
41 years$1,144$711$426$248$142$63
42 years$1,104$677$400$229$129$56
43 years$1,066$645$375$212$117$50
44 years$1,030$615$352$195$106$44
45 years$996$586$331$180$96$39
46 years$963$559$311$167$87$34
47 years$932$534$292$154$79$31
48 years$902$510$274$142$72$27
49 years$874$487$258$131$65$24
50 years$846$465$242$122$59$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $867,000, adding $3,381 every year, while hoping to spend $22,010 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: 45/33/22 Blend
66$867,000$867,000$867,000$867,000
67$958,922$912,971$899,532$995,857
68$1,033,313$934,288$906,248$1,043,522
69$1,114,555$955,912$912,451$1,092,757
70$1,203,322$977,834$918,101$1,145,703
71$1,300,359$1,000,046$923,155$1,202,717
72$1,406,484$1,022,537$927,570$1,264,190
73$1,522,599$1,045,294$931,297$1,330,554
74$1,649,696$1,068,306$934,287$1,402,287
75$1,788,868$1,091,556$936,489$1,479,914
76$1,941,320$1,115,029$937,848$1,564,013
77$2,108,376$1,138,707$938,307$1,655,222
78$2,291,496$1,162,570$937,807$1,754,246
79$2,492,289$1,186,596$936,284$1,861,860
80$2,712,525$1,210,762$933,672$1,978,919
81$2,954,155$1,235,041$929,902$2,106,365
82$3,219,327$1,259,407$924,902$2,245,239
83$3,510,408$1,283,827$918,596$2,396,685
84$3,830,005$1,308,270$910,904$2,561,967
85$4,180,989$1,332,698$901,742$2,742,477
86$4,566,523$1,357,074$891,024$2,939,751
87$4,990,093$1,381,355$878,658$3,155,483
88$5,455,537$1,405,496$864,548$3,391,537
89$5,967,085$1,429,448$848,593$3,649,973
90$6,529,395$1,453,159$830,689$3,933,058
91$7,147,602$1,476,572$810,725$4,243,294
92$7,827,360$1,499,627$788,587$4,583,438
93$8,574,901$1,522,259$764,155$4,956,531
94$9,397,090$1,544,398$737,303$5,365,924
95$10,301,489$1,565,970$707,899$5,815,312
96$11,296,433$1,586,894$675,805$6,308,769
97$12,391,103$1,607,086$640,879$6,850,787
98$13,595,616$1,626,454$602,969$7,446,316
99$14,921,119$1,644,901$561,918$8,100,815
100$16,379,894$1,662,322$517,564$8,820,301