Can I retire at age 65 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%12.2%
1 years$71,596$70,958$70,336$69,729$69,136$68,499
2 years$35,444$34,783$34,144$33,523$32,922$32,281
3 years$23,394$22,731$22,093$21,479$20,887$20,261
4 years$17,371$16,710$16,078$15,474$14,897$14,290
5 years$13,758$13,101$12,477$11,886$11,324$10,740
6 years$11,350$10,698$10,084$9,505$8,961$8,398
7 years$9,631$8,984$8,379$7,815$7,287$6,748
8 years$8,342$7,701$7,106$6,556$6,046$5,529
9 years$7,340$6,705$6,121$5,584$5,091$4,597
10 years$6,539$5,910$5,336$4,813$4,338$3,866
11 years$5,884$5,261$4,698$4,189$3,731$3,280
12 years$5,338$4,722$4,169$3,674$3,233$2,804
13 years$4,877$4,268$3,725$3,244$2,819$2,411
14 years$4,482$3,879$3,347$2,880$2,471$2,084
15 years$4,140$3,544$3,022$2,568$2,176$1,808
16 years$3,841$3,251$2,740$2,299$1,923$1,574
17 years$3,578$2,994$2,493$2,066$1,705$1,375
18 years$3,344$2,767$2,276$1,862$1,516$1,204
19 years$3,135$2,564$2,083$1,682$1,351$1,057
20 years$2,947$2,383$1,912$1,524$1,207$929
21 years$2,777$2,220$1,759$1,383$1,080$818
22 years$2,623$2,072$1,621$1,257$968$721
23 years$2,482$1,938$1,497$1,145$869$637
24 years$2,353$1,816$1,384$1,044$781$563
25 years$2,235$1,704$1,282$954$703$498
26 years$2,126$1,601$1,189$872$633$441
27 years$2,026$1,507$1,104$798$571$391
28 years$1,932$1,420$1,026$731$515$347
29 years$1,846$1,340$955$671$465$308
30 years$1,765$1,265$890$616$420$273
31 years$1,689$1,196$829$565$380$242
32 years$1,619$1,132$774$520$344$215
33 years$1,553$1,072$723$478$311$191
34 years$1,491$1,016$675$440$282$170
35 years$1,432$963$631$405$255$151
36 years$1,377$914$590$373$231$135
37 years$1,325$868$553$343$209$120
38 years$1,276$825$518$316$190$107
39 years$1,229$785$485$292$172$95
40 years$1,185$747$454$269$156$84
41 years$1,144$711$426$248$142$75
42 years$1,104$677$400$229$129$67
43 years$1,066$645$375$212$117$60
44 years$1,030$615$352$195$106$53
45 years$996$586$331$180$96$47
46 years$963$559$311$167$87$42
47 years$932$534$292$154$79$38
48 years$902$510$274$142$72$33
49 years$874$487$258$131$65$30
50 years$846$465$242$122$59$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $867,000, adding $3,199 every year, while hoping to spend $47,238 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: 40/43/17 Blend
64$867,000$867,000$867,000$867,000
65$958,734$912,783$899,344$992,126
66$1,006,264$907,248$879,211$1,010,662
67$1,057,059$899,859$856,821$1,025,893
68$1,111,401$890,475$832,047$1,041,372
69$1,169,603$878,947$804,759$1,057,147
70$1,232,003$865,116$774,819$1,073,271
71$1,298,975$848,815$742,084$1,089,809
72$1,370,931$829,867$706,404$1,106,836
73$1,448,318$808,083$667,621$1,124,437
74$1,531,632$783,264$625,571$1,142,712
75$1,621,415$755,200$580,084$1,161,775
76$1,718,263$723,669$530,981$1,181,757
77$1,822,830$688,433$478,073$1,202,806
78$1,935,836$649,244$421,166$1,225,095
79$2,058,072$605,837$360,056$1,248,815
80$2,190,406$557,935$294,529$1,274,188
81$2,333,795$505,241$224,363$1,301,463
82$2,489,288$447,443$149,325$1,330,920
83$2,658,041$384,214$69,173$1,362,879
84$2,841,325$315,203$0$1,397,697
85$3,040,536$240,045$0$1,438,748
86$3,257,213$158,349$0$1,497,101
87$3,493,048$69,707$0$1,560,754
88$3,749,900$0$0$1,630,334
89$4,029,820$0$0$1,718,987
90$4,335,060$0$0$1,851,730
91$4,668,102$0$0$1,996,671
92$5,031,676$0$0$2,155,013
93$5,428,789$0$0$2,328,077
94$5,862,750$0$0$2,517,322
95$6,337,202$0$0$2,724,350
96$6,856,157$0$0$2,950,929
97$7,424,030$0$0$3,199,003
98$8,045,685$0$0$3,470,713
99$8,726,478$0$0$3,768,418
100$9,472,307$0$0$4,094,716