Can I retire at age 67 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$72,174$71,531$70,904$70,292$69,694$68,937
2 years$35,730$35,064$34,419$33,794$33,188$32,426
3 years$23,583$22,915$22,272$21,652$21,056$20,312
4 years$17,511$16,845$16,208$15,599$15,017$14,298
5 years$13,869$13,207$12,578$11,982$11,416$10,723
6 years$11,441$10,784$10,165$9,582$9,033$8,367
7 years$9,708$9,057$8,447$7,878$7,346$6,708
8 years$8,409$7,763$7,164$6,608$6,094$5,483
9 years$7,399$6,759$6,170$5,629$5,132$4,548
10 years$6,591$5,958$5,379$4,852$4,373$3,816
11 years$5,931$5,304$4,736$4,223$3,761$3,230
12 years$5,381$4,761$4,203$3,704$3,259$2,754
13 years$4,916$4,302$3,755$3,270$2,842$2,362
14 years$4,518$3,911$3,374$2,903$2,491$2,036
15 years$4,174$3,572$3,046$2,589$2,194$1,762
16 years$3,872$3,278$2,762$2,318$1,939$1,530
17 years$3,607$3,019$2,513$2,083$1,719$1,332
18 years$3,371$2,789$2,294$1,877$1,528$1,163
19 years$3,160$2,585$2,100$1,696$1,362$1,018
20 years$2,970$2,402$1,927$1,536$1,217$892
21 years$2,799$2,238$1,773$1,394$1,089$783
22 years$2,644$2,089$1,634$1,268$976$689
23 years$2,502$1,953$1,509$1,154$876$606
24 years$2,372$1,830$1,395$1,053$788$534
25 years$2,253$1,718$1,292$962$709$471
26 years$2,144$1,614$1,199$879$638$416
27 years$2,042$1,519$1,113$805$576$368
28 years$1,948$1,432$1,035$737$519$325
29 years$1,861$1,351$963$676$469$287
30 years$1,779$1,275$897$620$424$254
31 years$1,703$1,206$836$570$383$225
32 years$1,632$1,141$780$524$346$199
33 years$1,565$1,080$728$482$314$177
34 years$1,503$1,024$681$443$284$156
35 years$1,444$971$636$408$257$139
36 years$1,388$922$595$376$233$123
37 years$1,336$876$557$346$211$109
38 years$1,286$832$522$319$191$97
39 years$1,239$791$489$294$174$86
40 years$1,195$753$458$271$157$76
41 years$1,153$717$430$250$143$67
42 years$1,113$682$403$231$130$60
43 years$1,075$650$378$213$118$53
44 years$1,038$620$355$197$107$47
45 years$1,004$591$333$182$97$42
46 years$971$564$313$168$88$37
47 years$940$538$294$155$80$33
48 years$910$514$276$143$73$29
49 years$881$490$260$133$66$26
50 years$853$469$244$123$60$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $874,000, adding $5,118 every year, while hoping to spend $22,274 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: 83/6/11 Blend
66$874,000$874,000$874,000$874,000
67$968,427$922,105$908,558$1,046,626
68$1,043,507$943,589$915,296$1,120,063
69$1,125,499$965,379$921,512$1,197,204
70$1,215,084$987,467$927,167$1,281,247
71$1,313,013$1,009,842$932,217$1,372,873
72$1,420,110$1,032,495$936,616$1,472,832
73$1,537,287$1,055,412$940,318$1,581,949
74$1,665,544$1,078,581$943,272$1,701,134
75$1,805,984$1,101,986$945,426$1,831,389
76$1,959,821$1,125,610$946,725$1,973,817
77$2,128,392$1,149,435$947,110$2,129,633
78$2,313,172$1,173,441$946,522$2,300,177
79$2,515,780$1,197,604$944,895$2,486,924
80$2,738,005$1,221,902$942,164$2,691,499
81$2,981,813$1,246,307$938,259$2,915,692
82$3,249,373$1,270,791$933,105$3,161,475
83$3,543,072$1,295,322$926,627$3,431,022
84$3,865,539$1,319,867$918,742$3,726,726
85$4,219,671$1,344,387$909,368$4,051,227
86$4,608,660$1,368,845$898,414$4,407,429
87$5,036,021$1,393,196$885,789$4,798,536
88$5,505,627$1,417,395$871,395$5,228,075
89$6,021,746$1,441,392$855,131$5,699,936
90$6,589,076$1,465,132$836,890$6,218,401
91$7,212,797$1,488,559$816,561$6,788,192
92$7,898,614$1,511,610$794,027$7,414,510
93$8,652,813$1,534,219$769,168$8,103,086
94$9,482,319$1,556,315$741,854$8,860,235
95$10,394,763$1,577,822$711,953$9,692,918
96$11,398,551$1,598,658$679,326$10,608,803
97$12,502,947$1,618,735$643,827$11,616,340
98$13,718,156$1,637,962$605,304$12,724,841
99$15,055,423$1,656,237$563,597$13,944,568
100$16,527,139$1,673,456$518,541$15,286,827