Can I retire at age 67 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$71,926$71,286$70,661$70,051$69,455$68,988
2 years$35,607$34,944$34,301$33,678$33,074$32,603
3 years$23,502$22,836$22,195$21,578$20,983$20,523
4 years$17,451$16,787$16,152$15,546$14,965$14,520
5 years$13,821$13,161$12,535$11,941$11,377$10,946
6 years$11,402$10,747$10,130$9,549$9,002$8,587
7 years$9,675$9,025$8,418$7,851$7,321$6,923
8 years$8,380$7,736$7,139$6,586$6,073$5,691
9 years$7,374$6,736$6,149$5,610$5,115$4,749
10 years$6,569$5,937$5,361$4,836$4,358$4,008
11 years$5,911$5,286$4,720$4,208$3,748$3,414
12 years$5,363$4,744$4,189$3,691$3,248$2,929
13 years$4,900$4,287$3,742$3,259$2,832$2,528
14 years$4,503$3,897$3,362$2,893$2,483$2,193
15 years$4,159$3,560$3,036$2,580$2,186$1,911
16 years$3,859$3,266$2,752$2,310$1,932$1,671
17 years$3,594$3,008$2,505$2,076$1,713$1,465
18 years$3,359$2,780$2,286$1,870$1,523$1,289
19 years$3,149$2,576$2,093$1,690$1,358$1,136
20 years$2,960$2,394$1,921$1,531$1,213$1,003
21 years$2,790$2,230$1,767$1,389$1,085$887
22 years$2,635$2,081$1,628$1,263$973$786
23 years$2,494$1,947$1,504$1,150$873$697
24 years$2,364$1,824$1,391$1,049$785$619
25 years$2,246$1,712$1,288$958$706$550
26 years$2,136$1,609$1,194$876$636$489
27 years$2,035$1,514$1,109$802$574$436
28 years$1,941$1,427$1,031$735$518$388
29 years$1,854$1,346$960$674$467$346
30 years$1,773$1,271$894$618$422$309
31 years$1,697$1,202$833$568$382$276
32 years$1,626$1,137$777$522$345$246
33 years$1,560$1,077$726$480$313$220
34 years$1,497$1,020$678$442$283$196
35 years$1,439$968$634$407$256$176
36 years$1,383$919$593$374$232$157
37 years$1,331$873$555$345$210$140
38 years$1,282$829$520$318$191$126
39 years$1,235$788$487$293$173$112
40 years$1,191$750$457$270$157$100
41 years$1,149$714$428$249$142$90
42 years$1,109$680$402$230$129$80
43 years$1,071$648$377$213$117$72
44 years$1,035$618$354$196$106$64
45 years$1,000$589$332$181$97$58
46 years$968$562$312$167$88$52
47 years$936$536$293$155$80$46
48 years$906$512$275$143$72$41
49 years$878$489$259$132$66$37
50 years$850$467$243$122$60$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $871,000, adding $2,327 every year, while hoping to spend $43,025 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: 77/18/5 Blend
66$871,000$871,000$871,000$871,000
67$962,242$916,079$902,579$1,035,902
68$1,014,613$915,189$887,037$1,083,659
69$1,070,883$912,813$869,532$1,130,182
70$1,131,405$908,833$849,954$1,179,907
71$1,196,567$903,124$828,185$1,233,132
72$1,266,792$895,552$804,105$1,290,188
73$1,342,547$885,977$777,585$1,351,437
74$1,424,346$874,249$748,494$1,417,278
75$1,512,752$860,209$716,690$1,488,154
76$1,608,383$843,690$682,030$1,564,550
77$1,711,920$824,513$644,360$1,647,003
78$1,824,112$802,490$603,522$1,736,103
79$1,945,781$777,422$559,350$1,832,503
80$2,077,832$749,097$511,669$1,936,922
81$2,221,260$717,292$460,299$2,050,153
82$2,377,159$681,770$405,050$2,173,070
83$2,546,735$642,282$345,724$2,306,637
84$2,731,310$598,562$282,115$2,451,920
85$2,932,344$550,332$214,006$2,610,090
86$3,151,441$497,296$141,172$2,782,441
87$3,390,365$439,140$63,379$2,970,401
88$3,651,059$375,536$0$3,175,544
89$3,935,664$306,133$0$3,400,652
90$4,246,532$230,564$0$3,650,271
91$4,586,255$148,439$0$3,923,140
92$4,957,688$59,347$0$4,221,603
93$5,363,971$0$0$4,548,244
94$5,808,565$0$0$4,913,270
95$6,295,276$0$0$5,325,775
96$6,828,301$0$0$5,777,564
97$7,412,258$0$0$6,272,554
98$8,052,234$0$0$6,815,062
99$8,753,832$0$0$7,409,842
100$9,523,220$0$0$8,062,128