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%19.8%
1 years$71,844$71,204$70,579$69,970$69,375$66,649
2 years$35,566$34,904$34,262$33,639$33,036$30,322
3 years$23,475$22,810$22,170$21,553$20,959$18,344
4 years$17,431$16,768$16,134$15,528$14,948$12,452
5 years$13,805$13,146$12,521$11,927$11,363$8,992
6 years$11,389$10,735$10,118$9,538$8,992$6,746
7 years$9,664$9,015$8,408$7,842$7,313$5,192
8 years$8,371$7,728$7,131$6,578$6,066$4,069
9 years$7,365$6,728$6,142$5,603$5,109$3,232
10 years$6,561$5,931$5,355$4,830$4,353$2,593
11 years$5,904$5,280$4,714$4,204$3,744$2,096
12 years$5,357$4,739$4,184$3,687$3,244$1,705
13 years$4,894$4,282$3,738$3,255$2,829$1,394
14 years$4,498$3,893$3,359$2,890$2,480$1,143
15 years$4,154$3,556$3,032$2,577$2,183$941
16 years$3,854$3,263$2,749$2,307$1,930$776
17 years$3,590$3,005$2,502$2,073$1,711$642
18 years$3,355$2,776$2,284$1,868$1,521$531
19 years$3,145$2,573$2,091$1,688$1,356$441
20 years$2,957$2,391$1,919$1,529$1,211$366
21 years$2,786$2,227$1,765$1,388$1,084$304
22 years$2,632$2,079$1,627$1,262$972$253
23 years$2,491$1,945$1,502$1,149$872$210
24 years$2,362$1,822$1,389$1,048$784$175
25 years$2,243$1,710$1,286$957$705$146
26 years$2,134$1,607$1,193$875$635$121
27 years$2,033$1,512$1,108$801$573$101
28 years$1,939$1,425$1,030$734$517$84
29 years$1,852$1,344$958$673$467$70
30 years$1,771$1,270$893$618$422$59
31 years$1,695$1,200$832$567$381$49
32 years$1,624$1,136$777$521$345$41
33 years$1,558$1,075$725$479$312$34
34 years$1,496$1,019$677$441$283$28
35 years$1,437$967$633$406$256$24
36 years$1,382$918$593$374$232$20
37 years$1,330$872$555$345$210$17
38 years$1,280$828$519$318$191$14
39 years$1,234$788$487$293$173$12
40 years$1,189$749$456$270$157$10
41 years$1,147$713$428$249$142$8
42 years$1,108$679$401$230$129$7
43 years$1,070$647$376$212$117$6
44 years$1,034$617$353$196$106$5
45 years$999$588$332$181$97$4
46 years$967$561$312$167$88$3
47 years$935$536$293$154$80$3
48 years$905$511$275$143$72$2
49 years$877$488$259$132$66$2
50 years$849$466$243$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $870,000, adding $4,179 every year, while hoping to spend $26,060 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: 45/30/25 Blend
66$870,000$870,000$870,000$870,000
67$963,051$916,941$903,456$999,271
68$1,033,554$934,143$905,994$1,042,513
69$1,110,376$951,315$907,743$1,086,525
70$1,194,132$968,427$908,651$1,133,742
71$1,285,502$985,449$908,659$1,184,475
72$1,385,233$1,002,346$907,710$1,239,070
73$1,494,149$1,019,083$905,739$1,297,907
74$1,613,153$1,035,619$902,683$1,361,406
75$1,743,244$1,051,914$898,472$1,430,031
76$1,885,519$1,067,922$893,035$1,504,293
77$2,041,187$1,083,595$886,297$1,584,757
78$2,211,578$1,098,881$878,178$1,672,046
79$2,398,158$1,113,725$868,596$1,766,849
80$2,602,541$1,128,068$857,464$1,869,925
81$2,826,503$1,141,847$844,693$1,982,112
82$3,072,003$1,154,994$830,186$2,104,334
83$3,341,195$1,167,436$813,845$2,237,613
84$3,636,454$1,179,098$795,566$2,383,075
85$3,960,395$1,189,896$775,240$2,541,963
86$4,315,898$1,199,744$752,753$2,715,648
87$4,706,136$1,208,547$727,987$2,905,644
88$5,134,604$1,216,208$700,816$3,113,620
89$5,605,151$1,222,620$671,111$3,341,419
90$6,122,019$1,227,671$638,736$3,591,074
91$6,689,879$1,231,241$603,548$3,864,827
92$7,313,879$1,233,204$565,399$4,165,153
93$7,999,688$1,233,424$524,133$4,494,780
94$8,753,553$1,231,759$479,589$4,856,719
95$9,582,356$1,228,056$431,596$5,254,292
96$10,493,679$1,222,154$379,977$5,691,162
97$11,495,876$1,213,881$324,548$6,171,369
98$12,598,150$1,203,055$265,114$6,699,372
99$13,810,641$1,189,485$201,476$7,280,086
100$15,144,522$1,172,965$133,420$7,918,933