Can I retire at age 67 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$72,092$71,449$70,823$70,211$69,614$66,958
2 years$35,689$35,024$34,380$33,755$33,150$30,505
3 years$23,556$22,889$22,246$21,627$21,031$18,481
4 years$17,491$16,826$16,190$15,581$15,000$12,564
5 years$13,853$13,191$12,564$11,968$11,403$9,087
6 years$11,428$10,772$10,153$9,571$9,023$6,828
7 years$9,697$9,046$8,437$7,869$7,338$5,265
8 years$8,399$7,754$7,156$6,601$6,087$4,134
9 years$7,390$6,751$6,163$5,623$5,126$3,289
10 years$6,584$5,951$5,373$4,847$4,368$2,644
11 years$5,924$5,298$4,730$4,218$3,757$2,142
12 years$5,375$4,755$4,198$3,700$3,255$1,745
13 years$4,911$4,297$3,751$3,266$2,839$1,429
14 years$4,513$3,906$3,370$2,900$2,488$1,175
15 years$4,169$3,568$3,043$2,586$2,191$969
16 years$3,868$3,274$2,759$2,315$1,936$801
17 years$3,602$3,015$2,510$2,080$1,717$664
18 years$3,367$2,786$2,292$1,875$1,527$551
19 years$3,156$2,582$2,098$1,694$1,361$458
20 years$2,967$2,399$1,925$1,534$1,215$381
21 years$2,796$2,235$1,771$1,392$1,088$317
22 years$2,641$2,086$1,632$1,266$975$265
23 years$2,499$1,951$1,507$1,153$875$221
24 years$2,370$1,828$1,394$1,052$787$184
25 years$2,251$1,716$1,291$960$708$154
26 years$2,141$1,612$1,197$878$638$128
27 years$2,040$1,517$1,112$804$575$107
28 years$1,946$1,430$1,033$736$519$90
29 years$1,858$1,349$962$675$468$75
30 years$1,777$1,274$896$620$423$63
31 years$1,701$1,204$835$569$383$52
32 years$1,630$1,140$779$523$346$44
33 years$1,563$1,079$728$481$313$37
34 years$1,501$1,023$680$443$284$31
35 years$1,442$970$636$407$257$26
36 years$1,387$921$595$375$233$21
37 years$1,334$875$556$346$211$18
38 years$1,285$831$521$319$191$15
39 years$1,238$790$488$294$173$13
40 years$1,194$752$458$271$157$11
41 years$1,151$716$429$250$143$9
42 years$1,111$682$403$231$129$7
43 years$1,073$649$378$213$118$6
44 years$1,037$619$355$197$107$5
45 years$1,003$590$333$182$97$4
46 years$970$563$313$168$88$4
47 years$938$537$294$155$80$3
48 years$908$513$276$143$73$3
49 years$880$490$259$132$66$2
50 years$852$468$244$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $873,000, adding $3,639 every year, while hoping to spend $32,102 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: 52/21/27 Blend
66$873,000$873,000$873,000$873,000
67$965,800$919,531$905,999$1,008,548
68$1,030,155$930,431$902,194$1,049,509
69$1,099,999$940,790$897,185$1,090,495
70$1,175,856$950,547$890,899$1,134,440
71$1,258,307$959,637$883,257$1,181,640
72$1,347,987$967,992$874,179$1,232,423
73$1,445,596$975,538$863,578$1,287,149
74$1,551,904$982,197$851,366$1,346,218
75$1,667,760$987,886$837,448$1,410,072
76$1,794,097$992,518$821,728$1,479,199
77$1,931,941$995,998$804,102$1,554,137
78$2,082,423$998,226$784,464$1,635,483
79$2,246,787$999,095$762,700$1,723,894
80$2,426,403$998,494$738,694$1,820,100
81$2,622,779$996,303$712,322$1,924,902
82$2,837,574$992,394$683,457$2,039,190
83$3,072,618$986,633$651,965$2,163,942
84$3,329,923$978,876$617,703$2,300,243
85$3,611,706$968,971$580,527$2,449,288
86$3,920,408$956,759$540,283$2,612,398
87$4,258,717$942,068$496,810$2,791,032
88$4,629,594$924,717$449,941$2,986,799
89$5,036,300$904,516$399,502$3,201,478
90$5,482,427$881,261$345,309$3,437,030
91$5,971,929$854,738$287,172$3,695,623
92$6,509,166$824,719$224,891$3,979,648
93$7,098,935$790,965$158,260$4,291,745
94$7,746,525$753,221$87,060$4,634,826
95$8,457,759$711,217$11,065$5,012,107
96$9,239,053$664,670$0$5,427,136
97$10,097,476$613,277$0$5,904,004
98$11,040,812$556,722$0$6,431,569
99$12,077,641$494,667$0$7,011,479
100$13,217,413$426,758$0$7,649,072