Can I retire at age 67 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$71,266$70,631$70,012$69,407$68,817$67,538
2 years$35,280$34,623$33,986$33,369$32,770$31,486
3 years$23,286$22,627$21,991$21,380$20,791$19,542
4 years$17,291$16,633$16,004$15,403$14,828$13,624
5 years$13,694$13,040$12,420$11,831$11,272$10,117
6 years$11,297$10,648$10,037$9,461$8,919$7,813
7 years$9,586$8,943$8,341$7,779$7,254$6,198
8 years$8,303$7,665$7,074$6,525$6,018$5,011
9 years$7,306$6,674$6,093$5,558$5,068$4,110
10 years$6,508$5,883$5,312$4,791$4,318$3,409
11 years$5,856$5,237$4,676$4,170$3,714$2,851
12 years$5,314$4,701$4,150$3,657$3,218$2,402
13 years$4,855$4,248$3,708$3,229$2,806$2,034
14 years$4,461$3,861$3,331$2,866$2,460$1,731
15 years$4,121$3,527$3,008$2,556$2,166$1,479
16 years$3,823$3,236$2,727$2,289$1,914$1,267
17 years$3,561$2,981$2,482$2,056$1,697$1,089
18 years$3,328$2,754$2,265$1,853$1,509$938
19 years$3,120$2,553$2,074$1,675$1,345$809
20 years$2,933$2,372$1,903$1,517$1,202$699
21 years$2,764$2,209$1,751$1,376$1,075$605
22 years$2,611$2,062$1,613$1,252$964$525
23 years$2,471$1,929$1,490$1,140$865$455
24 years$2,343$1,807$1,378$1,040$778$395
25 years$2,225$1,696$1,276$949$700$343
26 years$2,117$1,594$1,184$868$630$299
27 years$2,016$1,500$1,099$795$568$260
28 years$1,923$1,414$1,022$728$513$226
29 years$1,837$1,334$951$668$463$197
30 years$1,757$1,259$886$613$418$172
31 years$1,682$1,191$826$563$378$149
32 years$1,611$1,126$770$517$342$130
33 years$1,546$1,067$719$476$310$114
34 years$1,484$1,011$672$438$280$99
35 years$1,425$959$628$403$254$86
36 years$1,371$910$588$371$230$75
37 years$1,319$864$550$342$209$66
38 years$1,270$822$515$315$189$57
39 years$1,224$781$483$290$171$50
40 years$1,180$743$452$268$155$44
41 years$1,138$708$424$247$141$38
42 years$1,099$674$398$228$128$33
43 years$1,061$642$373$211$116$29
44 years$1,025$612$350$194$105$25
45 years$991$584$329$180$96$22
46 years$959$557$309$166$87$19
47 years$928$531$290$153$79$17
48 years$898$507$273$142$72$15
49 years$870$484$256$131$65$13
50 years$843$463$241$121$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $863,000, adding $5,080 every year, while hoping to spend $58,146 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: 61/27/12 Blend
66$863,000$863,000$863,000$863,000
67$956,266$910,527$897,151$1,011,558
68$991,938$893,276$865,338$1,032,039
69$1,029,300$873,231$830,511$1,047,313
70$1,068,463$850,193$792,508$1,062,560
71$1,109,547$823,953$751,157$1,077,782
72$1,152,682$794,289$706,283$1,092,982
73$1,198,011$760,964$657,699$1,108,164
74$1,245,689$723,732$605,211$1,123,340
75$1,295,881$682,327$548,618$1,138,521
76$1,348,772$636,472$487,708$1,153,726
77$1,404,561$585,873$422,260$1,168,979
78$1,463,463$530,218$352,043$1,184,307
79$1,525,716$469,178$276,816$1,199,748
80$1,591,578$402,407$196,328$1,215,346
81$1,661,330$329,536$110,317$1,231,153
82$1,735,280$250,178$18,507$1,247,233
83$1,813,765$163,923$0$1,263,660
84$1,897,152$70,338$0$1,290,699
85$1,985,844$0$0$1,321,465
86$2,080,280$0$0$1,362,967
87$2,180,944$0$0$1,429,518
88$2,288,361$0$0$1,500,575
89$2,403,112$0$0$1,576,525
90$2,525,830$0$0$1,657,793
91$2,657,209$0$0$1,744,845
92$2,798,011$0$0$1,838,192
93$2,949,074$0$0$1,938,394
94$3,111,312$0$0$2,046,067
95$3,285,735$0$0$2,161,887
96$3,473,446$0$0$2,286,594
97$3,675,660$0$0$2,421,004
98$3,893,709$0$0$2,566,011
99$4,129,057$0$0$2,722,597
100$4,383,315$0$0$2,891,843