Can I retire at age 67 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$71,018$70,385$69,768$69,166$68,578$66,329
2 years$35,157$34,503$33,868$33,253$32,656$30,412
3 years$23,205$22,548$21,915$21,305$20,718$18,550
4 years$17,231$16,575$15,948$15,349$14,776$12,700
5 years$13,647$12,995$12,377$11,790$11,233$9,253
6 years$11,258$10,611$10,002$9,428$8,888$7,007
7 years$9,553$8,911$8,312$7,752$7,228$5,446
8 years$8,274$7,639$7,049$6,503$5,997$4,312
9 years$7,280$6,651$6,071$5,539$5,050$3,460
10 years$6,486$5,862$5,293$4,774$4,303$2,806
11 years$5,836$5,219$4,660$4,155$3,701$2,294
12 years$5,295$4,684$4,136$3,645$3,207$1,887
13 years$4,838$4,233$3,695$3,218$2,796$1,560
14 years$4,446$3,848$3,320$2,856$2,451$1,295
15 years$4,107$3,515$2,997$2,547$2,158$1,079
16 years$3,810$3,225$2,718$2,281$1,908$901
17 years$3,549$2,970$2,473$2,049$1,691$754
18 years$3,317$2,745$2,257$1,847$1,504$633
19 years$3,109$2,544$2,067$1,669$1,340$531
20 years$2,923$2,364$1,897$1,511$1,197$447
21 years$2,754$2,202$1,745$1,372$1,071$376
22 years$2,601$2,055$1,608$1,247$960$317
23 years$2,462$1,922$1,485$1,136$862$267
24 years$2,334$1,801$1,373$1,036$775$226
25 years$2,217$1,690$1,272$946$697$191
26 years$2,109$1,588$1,179$865$628$161
27 years$2,009$1,495$1,095$792$566$136
28 years$1,917$1,409$1,018$725$511$115
29 years$1,831$1,329$947$665$461$97
30 years$1,751$1,255$882$611$417$82
31 years$1,676$1,186$823$561$377$70
32 years$1,606$1,123$768$515$341$59
33 years$1,540$1,063$717$474$309$50
34 years$1,479$1,008$670$436$279$42
35 years$1,421$956$626$401$253$36
36 years$1,366$907$586$370$229$30
37 years$1,314$861$548$341$208$26
38 years$1,266$819$513$314$188$22
39 years$1,219$779$481$289$171$18
40 years$1,176$741$451$267$155$15
41 years$1,134$705$423$246$141$13
42 years$1,095$671$397$227$128$11
43 years$1,057$640$372$210$116$9
44 years$1,022$610$349$194$105$8
45 years$988$582$328$179$95$7
46 years$955$555$308$165$87$6
47 years$925$529$289$153$79$5
48 years$895$505$272$141$71$4
49 years$867$483$256$130$65$3
50 years$840$461$240$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $860,000, adding $2,462 every year, while hoping to spend $34,289 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: 70/8/22 Blend
66$860,000$860,000$860,000$860,000
67$950,260$904,680$891,350$1,011,407
68$1,010,703$912,526$884,727$1,060,412
69$1,076,162$919,607$876,732$1,109,779
70$1,147,113$925,850$867,285$1,162,984
71$1,224,078$931,176$856,298$1,220,405
72$1,307,632$935,501$843,683$1,282,458
73$1,398,407$938,738$829,343$1,349,601
74$1,497,100$940,791$813,181$1,422,341
75$1,604,475$941,561$795,093$1,501,236
76$1,721,374$940,940$774,972$1,586,903
77$1,848,724$938,817$752,704$1,680,022
78$1,987,545$935,069$728,170$1,781,341
79$2,138,958$929,572$701,248$1,891,688
80$2,304,199$922,188$671,807$2,011,975
81$2,484,628$912,775$639,712$2,143,208
82$2,681,740$901,181$604,822$2,286,497
83$2,897,183$887,245$566,990$2,443,065
84$3,132,772$870,796$526,060$2,614,263
85$3,390,503$851,653$481,872$2,801,579
86$3,672,575$829,625$434,255$3,006,656
87$3,981,411$804,510$383,036$3,231,304
88$4,319,676$776,092$328,029$3,477,521
89$4,690,307$744,145$269,042$3,747,510
90$5,096,539$708,428$205,875$4,043,700
91$5,541,932$668,688$138,318$4,368,769
92$6,030,410$624,654$66,153$4,725,671
93$6,566,294$576,045$0$5,117,665
94$7,154,342$522,557$0$5,550,890
95$7,799,798$463,875$0$6,043,498
96$8,508,435$399,663$0$6,584,368
97$9,286,614$329,565$0$7,178,376
98$10,141,343$253,208$0$7,830,897
99$11,080,340$170,195$0$8,547,851
100$12,112,109$80,109$0$9,335,763