Can I retire at age 67 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$70,935$70,304$69,687$69,085$68,498$67,642
2 years$35,117$34,463$33,829$33,214$32,618$31,757
3 years$23,178$22,522$21,889$21,281$20,694$19,854
4 years$17,211$16,556$15,930$15,331$14,759$13,947
5 years$13,631$12,980$12,362$11,776$11,220$10,438
6 years$11,245$10,599$9,991$9,417$8,878$8,127
7 years$9,542$8,901$8,302$7,743$7,220$6,501
8 years$8,265$7,630$7,041$6,495$5,990$5,302
9 years$7,272$6,643$6,064$5,532$5,044$4,388
10 years$6,478$5,856$5,287$4,769$4,298$3,672
11 years$5,829$5,213$4,655$4,150$3,696$3,101
12 years$5,289$4,679$4,131$3,640$3,203$2,637
13 years$4,832$4,228$3,691$3,214$2,793$2,256
14 years$4,441$3,843$3,316$2,853$2,449$1,939
15 years$4,102$3,511$2,994$2,544$2,156$1,674
16 years$3,806$3,221$2,714$2,278$1,905$1,449
17 years$3,545$2,967$2,470$2,047$1,689$1,259
18 years$3,313$2,741$2,255$1,845$1,502$1,096
19 years$3,106$2,541$2,064$1,667$1,339$956
20 years$2,919$2,361$1,894$1,510$1,196$836
21 years$2,751$2,199$1,742$1,370$1,070$732
22 years$2,598$2,053$1,606$1,246$959$641
23 years$2,459$1,920$1,483$1,135$861$563
24 years$2,332$1,799$1,371$1,035$774$494
25 years$2,215$1,688$1,270$945$696$435
26 years$2,107$1,587$1,178$864$627$382
27 years$2,007$1,493$1,094$791$566$337
28 years$1,915$1,407$1,017$725$510$297
29 years$1,829$1,327$946$665$461$262
30 years$1,749$1,254$881$610$416$231
31 years$1,674$1,185$822$560$376$204
32 years$1,604$1,121$767$515$341$180
33 years$1,538$1,062$716$473$308$159
34 years$1,477$1,006$669$436$279$140
35 years$1,419$955$625$401$253$124
36 years$1,364$906$585$369$229$109
37 years$1,313$860$548$340$208$97
38 years$1,264$818$513$314$188$85
39 years$1,218$778$480$289$171$75
40 years$1,174$740$450$267$155$67
41 years$1,133$704$422$246$140$59
42 years$1,094$671$396$227$127$52
43 years$1,056$639$372$210$116$46
44 years$1,021$609$349$194$105$41
45 years$987$581$328$179$95$36
46 years$954$554$308$165$87$32
47 years$923$529$289$153$79$28
48 years$894$505$272$141$71$25
49 years$866$482$255$130$65$22
50 years$839$461$240$120$59$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $859,000, adding $2,115 every year, while hoping to spend $53,757 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: 79/7/14 Blend
66$859,000$859,000$859,000$859,000
67$948,800$903,273$889,958$1,020,908
68$988,380$890,336$862,575$1,055,721
69$1,030,196$874,964$832,472$1,086,800
70$1,074,419$856,980$799,503$1,119,374
71$1,121,236$836,198$763,512$1,153,568
72$1,170,850$812,420$724,338$1,189,522
73$1,223,485$785,437$681,812$1,227,392
74$1,279,386$755,028$635,758$1,267,348
75$1,338,818$720,959$585,990$1,309,578
76$1,402,073$682,982$532,317$1,354,291
77$1,469,472$640,835$474,536$1,401,717
78$1,541,363$594,241$412,439$1,452,109
79$1,618,130$542,908$345,804$1,505,748
80$1,700,194$486,524$274,402$1,562,944
81$1,788,013$424,764$197,995$1,624,040
82$1,882,094$357,281$116,331$1,689,413
83$1,982,990$283,710$29,151$1,759,481
84$2,091,309$203,665$0$1,834,706
85$2,207,716$116,739$0$1,925,140
86$2,332,945$22,500$0$2,027,071
87$2,467,798$0$0$2,136,805
88$2,613,158$0$0$2,261,199
89$2,769,995$0$0$2,397,305
90$2,939,374$0$0$2,544,315
91$3,122,465$0$0$2,703,249
92$3,320,554$0$0$2,875,225
93$3,535,055$0$0$3,061,475
94$3,767,523$0$0$3,263,351
95$4,019,668$0$0$3,482,341
96$4,293,369$0$0$3,720,081
97$4,590,694$0$0$3,978,370
98$4,913,918$0$0$4,259,189
99$5,265,541$0$0$4,564,714
100$5,648,318$0$0$4,897,342