Can I retire at age 67 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$71,679$71,040$70,417$69,809$69,216$66,522
2 years$35,484$34,824$34,183$33,562$32,960$30,279
3 years$23,421$22,758$22,119$21,504$20,911$18,327
4 years$17,391$16,729$16,097$15,492$14,914$12,446
5 years$13,774$13,116$12,492$11,899$11,337$8,992
6 years$11,363$10,710$10,095$9,516$8,971$6,750
7 years$9,642$8,994$8,389$7,824$7,296$5,198
8 years$8,351$7,710$7,115$6,563$6,052$4,077
9 years$7,348$6,713$6,128$5,590$5,097$3,240
10 years$6,546$5,917$5,342$4,819$4,343$2,601
11 years$5,890$5,268$4,703$4,194$3,735$2,104
12 years$5,344$4,728$4,174$3,679$3,237$1,713
13 years$4,883$4,273$3,729$3,248$2,823$1,401
14 years$4,487$3,884$3,351$2,883$2,474$1,150
15 years$4,145$3,548$3,025$2,571$2,178$947
16 years$3,846$3,255$2,743$2,302$1,925$782
17 years$3,582$2,998$2,496$2,068$1,707$647
18 years$3,348$2,770$2,278$1,864$1,518$536
19 years$3,138$2,567$2,086$1,684$1,353$445
20 years$2,950$2,386$1,914$1,525$1,208$370
21 years$2,780$2,222$1,761$1,384$1,081$307
22 years$2,626$2,074$1,623$1,259$969$256
23 years$2,485$1,940$1,498$1,146$870$213
24 years$2,356$1,818$1,386$1,046$782$177
25 years$2,238$1,706$1,283$955$704$148
26 years$2,129$1,603$1,190$873$634$123
27 years$2,028$1,509$1,105$799$572$103
28 years$1,935$1,422$1,028$732$516$86
29 years$1,848$1,341$956$671$466$72
30 years$1,767$1,267$891$616$421$60
31 years$1,691$1,197$830$566$380$50
32 years$1,621$1,133$775$520$344$42
33 years$1,554$1,073$723$478$311$35
34 years$1,492$1,017$676$440$282$29
35 years$1,434$965$632$405$255$24
36 years$1,379$915$591$373$231$20
37 years$1,327$870$553$344$210$17
38 years$1,277$826$518$317$190$14
39 years$1,231$786$485$292$172$12
40 years$1,187$748$455$269$156$10
41 years$1,145$712$427$249$142$8
42 years$1,105$678$400$229$129$7
43 years$1,067$646$376$212$117$6
44 years$1,031$616$353$196$106$5
45 years$997$587$331$181$96$4
46 years$964$560$311$167$87$3
47 years$933$534$292$154$79$3
48 years$903$510$274$142$72$2
49 years$875$487$258$132$65$2
50 years$847$465$243$122$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $868,000, adding $3,639 every year, while hoping to spend $47,661 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: 32/47/21 Blend
66$868,000$868,000$868,000$868,000
67$960,290$914,286$900,832$984,683
68$1,007,528$908,375$880,299$997,386
69$1,057,988$900,577$857,480$1,006,483
70$1,111,946$890,749$832,250$1,015,293
71$1,169,709$878,740$804,474$1,023,820
72$1,231,611$864,389$774,016$1,032,073
73$1,298,018$847,527$740,728$1,040,067
74$1,369,333$827,974$704,460$1,047,820
75$1,445,999$805,538$665,053$1,055,362
76$1,528,499$780,018$622,340$1,062,727
77$1,617,368$751,200$576,150$1,069,961
78$1,713,189$718,859$526,301$1,077,120
79$1,816,606$682,754$472,604$1,084,270
80$1,928,324$642,634$414,860$1,091,495
81$2,049,120$598,230$352,865$1,098,890
82$2,179,847$549,259$286,403$1,106,571
83$2,321,442$495,424$215,248$1,114,672
84$2,474,935$436,406$139,165$1,123,349
85$2,641,462$371,873$57,910$1,132,786
86$2,822,268$301,472$0$1,143,192
87$3,018,724$224,829$0$1,161,262
88$3,232,340$141,551$0$1,195,089
89$3,464,773$51,222$0$1,232,061
90$3,717,852$0$0$1,272,606
91$3,993,584$0$0$1,341,303
92$4,294,180$0$0$1,445,195
93$4,622,075$0$0$1,558,647
94$4,979,947$0$0$1,682,601
95$5,370,744$0$0$1,818,096
96$5,797,712$0$0$1,966,273
97$6,264,423$0$0$2,128,390
98$6,774,813$0$0$2,305,832
99$7,333,212$0$0$2,500,123
100$7,944,390$0$0$2,712,945