Can I retire at age 67 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$71,844$71,204$70,579$69,970$69,375$67,753
2 years$35,566$34,904$34,262$33,639$33,036$31,411
3 years$23,475$22,810$22,170$21,553$20,959$19,382
4 years$17,431$16,768$16,134$15,528$14,948$13,431
5 years$13,805$13,146$12,521$11,927$11,363$9,911
6 years$11,389$10,735$10,118$9,538$8,992$7,604
7 years$9,664$9,015$8,408$7,842$7,313$5,991
8 years$8,371$7,728$7,131$6,578$6,066$4,811
9 years$7,365$6,728$6,142$5,603$5,109$3,917
10 years$6,561$5,931$5,355$4,830$4,353$3,225
11 years$5,904$5,280$4,714$4,204$3,744$2,677
12 years$5,357$4,739$4,184$3,687$3,244$2,237
13 years$4,894$4,282$3,738$3,255$2,829$1,880
14 years$4,498$3,893$3,359$2,890$2,480$1,587
15 years$4,154$3,556$3,032$2,577$2,183$1,344
16 years$3,854$3,263$2,749$2,307$1,930$1,142
17 years$3,590$3,005$2,502$2,073$1,711$973
18 years$3,355$2,776$2,284$1,868$1,521$831
19 years$3,145$2,573$2,091$1,688$1,356$711
20 years$2,957$2,391$1,919$1,529$1,211$609
21 years$2,786$2,227$1,765$1,388$1,084$522
22 years$2,632$2,079$1,627$1,262$972$448
23 years$2,491$1,945$1,502$1,149$872$385
24 years$2,362$1,822$1,389$1,048$784$331
25 years$2,243$1,710$1,286$957$705$285
26 years$2,134$1,607$1,193$875$635$246
27 years$2,033$1,512$1,108$801$573$212
28 years$1,939$1,425$1,030$734$517$182
29 years$1,852$1,344$958$673$467$157
30 years$1,771$1,270$893$618$422$136
31 years$1,695$1,200$832$567$381$117
32 years$1,624$1,136$777$521$345$101
33 years$1,558$1,075$725$479$312$87
34 years$1,496$1,019$677$441$283$75
35 years$1,437$967$633$406$256$65
36 years$1,382$918$593$374$232$56
37 years$1,330$872$555$345$210$48
38 years$1,280$828$519$318$191$42
39 years$1,234$788$487$293$173$36
40 years$1,189$749$456$270$157$31
41 years$1,147$713$428$249$142$27
42 years$1,108$679$401$230$129$23
43 years$1,070$647$376$212$117$20
44 years$1,034$617$353$196$106$17
45 years$999$588$332$181$97$15
46 years$967$561$312$167$88$13
47 years$935$536$293$154$80$11
48 years$905$511$275$143$72$10
49 years$877$488$259$132$66$8
50 years$849$466$243$122$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $870,000, adding $6,729 every year, while hoping to spend $28,548 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: 71/10/19 Blend
66$870,000$870,000$870,000$870,000
67$965,681$919,571$906,086$1,029,374
68$1,033,806$934,255$906,065$1,087,335
69$1,107,922$948,702$905,087$1,146,729
70$1,188,612$962,870$903,088$1,211,038
71$1,276,513$976,714$900,005$1,280,746
72$1,372,331$990,186$895,769$1,356,385
73$1,476,839$1,003,235$890,307$1,438,541
74$1,590,889$1,015,806$883,545$1,527,861
75$1,715,420$1,027,841$875,404$1,625,056
76$1,851,464$1,039,277$865,801$1,730,914
77$2,000,159$1,050,047$854,651$1,846,298
78$2,162,755$1,060,079$841,862$1,972,164
79$2,340,632$1,069,299$827,340$2,109,563
80$2,535,306$1,077,624$810,986$2,259,654
81$2,748,449$1,084,969$792,695$2,423,717
82$2,981,901$1,091,243$772,360$2,603,159
83$3,237,687$1,096,346$749,867$2,799,533
84$3,518,040$1,100,176$725,097$3,014,552
85$3,825,418$1,102,622$697,925$3,250,103
86$4,162,527$1,103,567$668,222$3,508,266
87$4,532,349$1,102,886$635,852$3,791,334
88$4,938,168$1,100,447$600,672$4,101,836
89$5,383,601$1,096,109$562,535$4,442,557
90$5,872,634$1,089,724$521,285$4,816,569
91$6,409,655$1,081,132$476,760$5,227,259
92$6,999,499$1,070,167$428,791$5,678,359
93$7,647,493$1,056,651$377,201$6,173,983
94$8,359,505$1,040,395$321,805$6,718,666
95$9,142,000$1,021,199$262,410$7,317,408
96$10,002,098$998,852$198,816$7,975,719
97$10,947,646$973,130$130,810$8,699,674
98$11,987,288$943,796$58,174$9,495,967
99$13,130,548$910,598$0$10,371,979
100$14,387,918$873,271$0$11,339,767