Can I retire at age 67 with 871,000?

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 $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%16.1%
1 years$71,926$71,286$70,661$70,051$69,455$67,721
2 years$35,607$34,944$34,301$33,678$33,074$31,338
3 years$23,502$22,836$22,195$21,578$20,983$19,300
4 years$17,451$16,787$16,152$15,546$14,965$13,347
5 years$13,821$13,161$12,535$11,941$11,377$9,828
6 years$11,402$10,747$10,130$9,549$9,002$7,524
7 years$9,675$9,025$8,418$7,851$7,321$5,915
8 years$8,380$7,736$7,139$6,586$6,073$4,738
9 years$7,374$6,736$6,149$5,610$5,115$3,849
10 years$6,569$5,937$5,361$4,836$4,358$3,161
11 years$5,911$5,286$4,720$4,208$3,748$2,617
12 years$5,363$4,744$4,189$3,691$3,248$2,182
13 years$4,900$4,287$3,742$3,259$2,832$1,828
14 years$4,503$3,897$3,362$2,893$2,483$1,539
15 years$4,159$3,560$3,036$2,580$2,186$1,300
16 years$3,859$3,266$2,752$2,310$1,932$1,102
17 years$3,594$3,008$2,505$2,076$1,713$936
18 years$3,359$2,780$2,286$1,870$1,523$797
19 years$3,149$2,576$2,093$1,690$1,358$679
20 years$2,960$2,394$1,921$1,531$1,213$580
21 years$2,790$2,230$1,767$1,389$1,085$496
22 years$2,635$2,081$1,628$1,263$973$424
23 years$2,494$1,947$1,504$1,150$873$364
24 years$2,364$1,824$1,391$1,049$785$312
25 years$2,246$1,712$1,288$958$706$267
26 years$2,136$1,609$1,194$876$636$230
27 years$2,035$1,514$1,109$802$574$197
28 years$1,941$1,427$1,031$735$518$169
29 years$1,854$1,346$960$674$467$146
30 years$1,773$1,271$894$618$422$125
31 years$1,697$1,202$833$568$382$108
32 years$1,626$1,137$777$522$345$93
33 years$1,560$1,077$726$480$313$80
34 years$1,497$1,020$678$442$283$69
35 years$1,439$968$634$407$256$59
36 years$1,383$919$593$374$232$51
37 years$1,331$873$555$345$210$44
38 years$1,282$829$520$318$191$38
39 years$1,235$788$487$293$173$32
40 years$1,191$750$457$270$157$28
41 years$1,149$714$428$249$142$24
42 years$1,109$680$402$230$129$21
43 years$1,071$648$377$213$117$18
44 years$1,035$618$354$196$106$15
45 years$1,000$589$332$181$97$13
46 years$968$562$312$167$88$11
47 years$936$536$293$155$80$10
48 years$906$512$275$143$72$8
49 years$878$489$259$132$66$7
50 years$850$467$243$122$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $871,000, adding $5,424 every year, while hoping to spend $38,176 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: 70/17/13 Blend
66$871,000$871,000$871,000$871,000
67$965,437$919,274$905,773$1,029,897
68$1,023,292$923,699$895,498$1,077,821
69$1,085,770$927,062$883,599$1,125,125
70$1,153,300$929,270$869,981$1,175,893
71$1,226,357$930,224$854,546$1,230,460
72$1,305,462$929,822$837,189$1,289,195
73$1,391,186$927,950$817,802$1,352,507
74$1,484,161$924,493$796,272$1,420,844
75$1,585,077$919,326$772,480$1,494,702
76$1,694,698$912,316$746,300$1,574,630
77$1,813,860$903,322$717,604$1,661,230
78$1,943,485$892,196$686,255$1,755,169
79$2,084,587$878,780$652,111$1,857,182
80$2,238,281$862,907$615,024$1,968,079
81$2,405,797$844,400$574,837$2,088,757
82$2,588,484$823,071$531,390$2,220,202
83$2,787,829$798,722$484,512$2,363,503
84$3,005,471$771,142$434,026$2,519,861
85$3,243,210$740,110$379,748$2,690,604
86$3,503,031$705,389$321,483$2,877,192
87$3,787,118$666,730$259,030$3,081,240
88$4,097,875$623,871$192,178$3,304,527
89$4,437,950$576,533$120,708$3,549,016
90$4,810,259$524,420$44,390$3,816,875
91$5,218,012$467,223$0$4,110,491
92$5,664,744$404,613$0$4,437,640
93$6,154,350$336,240$0$4,802,993
94$6,691,117$261,740$0$5,203,630
95$7,279,769$180,723$0$5,643,124
96$7,925,507$92,780$0$6,125,415
97$8,634,061$0$0$6,654,846
98$9,411,743$0$0$7,236,674
99$10,265,504$0$0$7,894,524
100$11,203,002$0$0$8,616,945