Can I retire at age 67 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$71,183$70,549$69,930$69,327$68,737$67,738
2 years$35,239$34,583$33,947$33,330$32,732$31,727
3 years$23,259$22,600$21,966$21,355$20,766$19,788
4 years$17,271$16,614$15,986$15,385$14,811$13,865
5 years$13,678$13,025$12,405$11,817$11,259$10,350
6 years$11,284$10,636$10,025$9,450$8,909$8,037
7 years$9,575$8,932$8,331$7,770$7,245$6,411
8 years$8,294$7,657$7,065$6,518$6,011$5,214
9 years$7,297$6,666$6,086$5,552$5,062$4,302
10 years$6,501$5,876$5,305$4,786$4,313$3,589
11 years$5,850$5,231$4,671$4,165$3,709$3,021
12 years$5,307$4,695$4,145$3,653$3,214$2,561
13 years$4,849$4,243$3,704$3,225$2,803$2,184
14 years$4,456$3,857$3,328$2,863$2,457$1,871
15 years$4,116$3,523$3,004$2,553$2,163$1,609
16 years$3,819$3,233$2,724$2,286$1,912$1,389
17 years$3,557$2,977$2,479$2,054$1,695$1,202
18 years$3,324$2,751$2,263$1,851$1,507$1,043
19 years$3,117$2,550$2,071$1,673$1,344$906
20 years$2,930$2,369$1,901$1,515$1,200$789
21 years$2,761$2,207$1,749$1,375$1,074$688
22 years$2,608$2,060$1,612$1,250$963$601
23 years$2,468$1,927$1,488$1,138$864$525
24 years$2,340$1,805$1,376$1,038$777$460
25 years$2,222$1,694$1,275$948$699$403
26 years$2,114$1,592$1,182$867$630$353
27 years$2,014$1,498$1,098$794$568$310
28 years$1,921$1,412$1,020$727$512$272
29 years$1,835$1,332$950$667$462$238
30 years$1,755$1,258$885$612$418$209
31 years$1,680$1,189$825$562$378$184
32 years$1,609$1,125$769$517$342$162
33 years$1,544$1,066$718$475$309$142
34 years$1,482$1,010$671$437$280$125
35 years$1,424$958$628$402$254$110
36 years$1,369$909$587$371$230$97
37 years$1,317$863$549$341$208$85
38 years$1,269$821$515$315$189$75
39 years$1,222$780$482$290$171$66
40 years$1,178$742$452$268$155$58
41 years$1,137$707$424$247$141$51
42 years$1,097$673$397$228$128$45
43 years$1,060$641$373$210$116$40
44 years$1,024$611$350$194$105$35
45 years$990$583$329$179$96$31
46 years$958$556$309$166$87$27
47 years$927$531$290$153$79$24
48 years$897$507$273$141$72$21
49 years$869$484$256$131$65$19
50 years$842$462$241$121$59$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $862,000, adding $4,587 every year, while hoping to spend $36,406 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: 56/30/14 Blend
66$862,000$862,000$862,000$862,000
67$954,655$908,969$895,608$1,004,413
68$1,013,295$914,773$886,876$1,044,489
69$1,076,695$919,641$876,630$1,083,758
70$1,145,303$923,489$864,783$1,125,690
71$1,219,611$926,227$851,240$1,170,549
72$1,300,160$927,761$835,905$1,218,623
73$1,387,543$927,988$818,674$1,270,233
74$1,482,414$926,801$799,442$1,325,733
75$1,585,493$924,087$778,095$1,385,514
76$1,697,569$919,723$754,518$1,450,010
77$1,819,514$913,582$728,587$1,519,699
78$1,952,283$905,527$700,174$1,595,112
79$2,096,932$895,413$669,145$1,676,832
80$2,254,618$883,087$635,361$1,765,508
81$2,426,618$868,388$598,674$1,861,854
82$2,614,336$851,141$558,932$1,966,660
83$2,819,317$831,167$515,976$2,080,801
84$3,043,264$808,270$469,637$2,205,241
85$3,288,049$782,247$419,742$2,341,048
86$3,555,735$752,882$366,108$2,489,399
87$3,848,592$719,946$308,546$2,651,596
88$4,169,121$683,196$246,855$2,829,078
89$4,520,076$642,377$180,828$3,023,434
90$4,904,487$597,217$110,250$3,236,417
91$5,325,694$547,430$34,893$3,469,966
92$5,787,375$492,714$0$3,726,220
93$6,293,578$432,748$0$4,014,344
94$6,848,765$367,194$0$4,336,151
95$7,457,847$295,695$0$4,689,341
96$8,126,238$217,874$0$5,077,135
97$8,859,896$133,332$0$5,503,087
98$9,665,388$41,648$0$5,971,114
99$10,549,946$0$0$6,485,542
100$11,521,538$0$0$7,070,160