Can I retire at age 67 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$71,431$70,795$70,174$69,568$68,976$68,256
2 years$35,362$34,703$34,065$33,446$32,846$32,120
3 years$23,340$22,679$22,042$21,429$20,839$20,131
4 years$17,331$16,671$16,041$15,439$14,862$14,177
5 years$13,726$13,071$12,449$11,858$11,298$10,638
6 years$11,324$10,673$10,060$9,483$8,940$8,305
7 years$9,608$8,963$8,360$7,797$7,270$6,662
8 years$8,322$7,683$7,090$6,540$6,032$5,449
9 years$7,323$6,690$6,107$5,571$5,079$4,523
10 years$6,524$5,897$5,324$4,802$4,328$3,797
11 years$5,870$5,249$4,687$4,179$3,722$3,216
12 years$5,326$4,712$4,160$3,666$3,226$2,744
13 years$4,866$4,258$3,716$3,236$2,813$2,355
14 years$4,472$3,870$3,339$2,873$2,466$2,031
15 years$4,131$3,536$3,015$2,562$2,171$1,759
16 years$3,832$3,244$2,733$2,294$1,919$1,528
17 years$3,569$2,987$2,487$2,061$1,701$1,332
18 years$3,336$2,761$2,271$1,858$1,513$1,164
19 years$3,127$2,558$2,079$1,679$1,348$1,019
20 years$2,940$2,377$1,908$1,520$1,204$894
21 years$2,770$2,214$1,755$1,380$1,078$785
22 years$2,617$2,067$1,617$1,254$966$691
23 years$2,476$1,933$1,493$1,142$867$609
24 years$2,348$1,811$1,381$1,042$779$537
25 years$2,230$1,700$1,279$952$701$474
26 years$2,121$1,598$1,186$870$632$419
27 years$2,021$1,504$1,102$796$570$370
28 years$1,928$1,417$1,024$730$514$327
29 years$1,841$1,337$953$669$464$290
30 years$1,761$1,262$888$614$419$257
31 years$1,686$1,193$828$564$379$227
32 years$1,615$1,129$772$518$343$202
33 years$1,549$1,069$721$477$310$179
34 years$1,487$1,013$674$439$281$158
35 years$1,429$961$630$404$255$141
36 years$1,374$912$589$372$231$125
37 years$1,322$866$551$343$209$111
38 years$1,273$823$516$316$189$98
39 years$1,227$783$484$291$172$87
40 years$1,183$745$453$269$156$77
41 years$1,141$709$425$248$141$69
42 years$1,101$675$399$229$128$61
43 years$1,064$644$374$211$116$54
44 years$1,028$613$351$195$106$48
45 years$994$585$330$180$96$43
46 years$961$558$310$166$87$38
47 years$930$533$291$154$79$34
48 years$900$508$274$142$72$30
49 years$872$485$257$131$65$27
50 years$845$464$242$121$59$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $865,000, adding $3,821 every year, while hoping to spend $23,572 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: 54/39/7 Blend
66$865,000$865,000$865,000$865,000
67$957,171$911,326$897,919$1,007,085
68$1,029,722$930,901$902,919$1,060,849
69$1,108,884$950,645$907,296$1,116,411
70$1,195,304$970,541$911,005$1,176,309
71$1,289,699$990,571$913,998$1,240,957
72$1,392,856$1,010,716$916,224$1,310,812
73$1,505,640$1,030,954$917,630$1,386,377
74$1,629,005$1,051,261$918,160$1,468,206
75$1,764,002$1,071,611$917,757$1,556,909
76$1,911,787$1,091,977$916,359$1,653,159
77$2,073,633$1,112,328$913,901$1,757,696
78$2,250,944$1,132,632$910,317$1,871,337
79$2,445,263$1,152,853$905,535$1,994,982
80$2,658,291$1,172,955$899,482$2,129,621
81$2,891,902$1,192,895$892,080$2,276,348
82$3,148,159$1,212,629$883,247$2,436,367
83$3,429,334$1,232,111$872,899$2,611,004
84$3,737,931$1,251,290$860,946$2,801,721
85$4,076,708$1,270,111$847,296$3,010,132
86$4,448,701$1,288,515$831,849$3,238,012
87$4,857,257$1,306,441$814,504$3,487,320
88$5,306,061$1,323,820$795,154$3,760,214
89$5,799,175$1,340,583$773,687$4,059,073
90$6,341,070$1,356,651$749,986$4,386,519
91$6,936,676$1,371,944$723,927$4,745,443
92$7,591,422$1,386,374$695,383$5,139,031
93$8,311,288$1,399,847$664,220$5,570,794
94$9,102,866$1,412,266$630,297$6,044,604
95$9,973,415$1,423,524$593,469$6,564,727
96$10,930,934$1,433,508$553,581$7,135,866
97$11,984,238$1,442,098$510,475$7,763,206
98$13,143,037$1,449,168$463,982$8,452,462
99$14,418,031$1,454,580$413,929$9,209,931
100$15,821,007$1,458,192$360,133$10,042,558