Can I retire at age 67 with 870,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.9%
1 years$71,844$71,204$70,579$69,970$69,375$66,887
2 years$35,566$34,904$34,262$33,639$33,036$30,556
3 years$23,475$22,810$22,170$21,553$20,959$18,566
4 years$17,431$16,768$16,134$15,528$14,948$12,659
5 years$13,805$13,146$12,521$11,927$11,363$9,185
6 years$11,389$10,735$10,118$9,538$8,992$6,925
7 years$9,664$9,015$8,408$7,842$7,313$5,358
8 years$8,371$7,728$7,131$6,578$6,066$4,222
9 years$7,365$6,728$6,142$5,603$5,109$3,372
10 years$6,561$5,931$5,355$4,830$4,353$2,720
11 years$5,904$5,280$4,714$4,204$3,744$2,212
12 years$5,357$4,739$4,184$3,687$3,244$1,810
13 years$4,894$4,282$3,738$3,255$2,829$1,489
14 years$4,498$3,893$3,359$2,890$2,480$1,229
15 years$4,154$3,556$3,032$2,577$2,183$1,018
16 years$3,854$3,263$2,749$2,307$1,930$845
17 years$3,590$3,005$2,502$2,073$1,711$703
18 years$3,355$2,776$2,284$1,868$1,521$586
19 years$3,145$2,573$2,091$1,688$1,356$490
20 years$2,957$2,391$1,919$1,529$1,211$409
21 years$2,786$2,227$1,765$1,388$1,084$342
22 years$2,632$2,079$1,627$1,262$972$287
23 years$2,491$1,945$1,502$1,149$872$240
24 years$2,362$1,822$1,389$1,048$784$202
25 years$2,243$1,710$1,286$957$705$169
26 years$2,134$1,607$1,193$875$635$142
27 years$2,033$1,512$1,108$801$573$119
28 years$1,939$1,425$1,030$734$517$100
29 years$1,852$1,344$958$673$467$84
30 years$1,771$1,270$893$618$422$71
31 years$1,695$1,200$832$567$381$59
32 years$1,624$1,136$777$521$345$50
33 years$1,558$1,075$725$479$312$42
34 years$1,496$1,019$677$441$283$35
35 years$1,437$967$633$406$256$30
36 years$1,382$918$593$374$232$25
37 years$1,330$872$555$345$210$21
38 years$1,280$828$519$318$191$18
39 years$1,234$788$487$293$173$15
40 years$1,189$749$456$270$157$12
41 years$1,147$713$428$249$142$10
42 years$1,108$679$401$230$129$9
43 years$1,070$647$376$212$117$7
44 years$1,034$617$353$196$106$6
45 years$999$588$332$181$97$5
46 years$967$561$312$167$88$4
47 years$935$536$293$154$80$4
48 years$905$511$275$143$72$3
49 years$877$488$259$132$66$3
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 $2,625 every year, while hoping to spend $56,049 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: 54/36/10 Blend
66$870,000$870,000$870,000$870,000
67$961,448$915,338$901,853$1,010,807
68$999,880$900,554$872,429$1,029,795
69$1,040,353$883,166$840,141$1,044,120
70$1,083,017$862,990$804,834$1,058,388
71$1,128,034$839,825$766,345$1,072,603
72$1,175,581$813,465$724,505$1,086,775
73$1,225,852$783,685$679,137$1,100,917
74$1,279,056$750,253$630,056$1,115,047
75$1,335,424$712,920$577,067$1,129,188
76$1,395,208$671,424$519,970$1,143,370
77$1,458,683$625,487$458,552$1,157,630
78$1,526,148$574,816$392,593$1,172,014
79$1,597,933$519,100$321,863$1,186,577
80$1,674,399$458,012$246,122$1,201,383
81$1,755,938$391,205$165,117$1,216,512
82$1,842,982$318,313$78,587$1,232,055
83$1,936,006$238,949$0$1,248,118
84$2,035,526$152,705$0$1,266,296
85$2,142,112$59,150$0$1,294,309
86$2,256,387$0$0$1,323,962
87$2,379,035$0$0$1,372,186
88$2,510,807$0$0$1,449,230
89$2,652,527$0$0$1,532,150
90$2,805,099$0$0$1,621,483
91$2,969,517$0$0$1,717,820
92$3,146,871$0$0$1,821,808
93$3,338,362$0$0$1,934,159
94$3,545,306$0$0$2,055,656
95$3,769,150$0$0$2,187,157
96$4,011,487$0$0$2,329,610
97$4,274,065$0$0$2,484,052
98$4,558,809$0$0$2,651,628
99$4,867,833$0$0$2,833,593
100$5,203,465$0$0$3,031,332