Can I retire at age 67 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$72,257$71,613$70,985$70,372$69,774$68,505
2 years$35,771$35,104$34,459$33,833$33,226$31,952
3 years$23,610$22,941$22,297$21,677$21,080$19,841
4 years$17,531$16,864$16,227$15,617$15,034$13,840
5 years$13,885$13,222$12,593$11,995$11,429$10,282
6 years$11,455$10,797$10,177$9,593$9,043$7,945
7 years$9,719$9,067$8,457$7,887$7,355$6,306
8 years$8,419$7,772$7,172$6,616$6,101$5,102
9 years$7,407$6,767$6,177$5,635$5,138$4,187
10 years$6,599$5,965$5,385$4,858$4,378$3,474
11 years$5,938$5,310$4,741$4,228$3,765$2,908
12 years$5,387$4,766$4,208$3,708$3,263$2,451
13 years$4,922$4,307$3,759$3,274$2,845$2,078
14 years$4,523$3,915$3,378$2,906$2,494$1,769
15 years$4,178$3,576$3,050$2,592$2,196$1,512
16 years$3,877$3,281$2,765$2,321$1,941$1,297
17 years$3,611$3,022$2,516$2,085$1,721$1,115
18 years$3,375$2,792$2,297$1,879$1,530$961
19 years$3,164$2,588$2,103$1,698$1,364$830
20 years$2,974$2,405$1,930$1,538$1,218$718
21 years$2,802$2,240$1,775$1,396$1,090$622
22 years$2,647$2,091$1,636$1,269$977$539
23 years$2,505$1,956$1,510$1,156$877$468
24 years$2,375$1,832$1,397$1,054$788$407
25 years$2,256$1,720$1,294$963$709$354
26 years$2,146$1,616$1,200$880$639$308
27 years$2,044$1,521$1,114$806$576$268
28 years$1,950$1,433$1,036$738$520$234
29 years$1,863$1,352$964$677$469$204
30 years$1,781$1,277$898$621$424$177
31 years$1,705$1,207$837$571$383$155
32 years$1,634$1,142$781$524$347$135
33 years$1,567$1,082$729$482$314$118
34 years$1,504$1,025$681$444$284$103
35 years$1,445$972$637$408$257$90
36 years$1,390$923$596$376$233$78
37 years$1,337$877$558$347$211$68
38 years$1,288$833$522$319$192$60
39 years$1,241$792$489$295$174$52
40 years$1,196$754$459$272$158$46
41 years$1,154$717$430$251$143$40
42 years$1,114$683$403$231$130$35
43 years$1,076$651$379$214$118$30
44 years$1,040$620$355$197$107$27
45 years$1,005$592$334$182$97$23
46 years$972$564$313$168$88$20
47 years$941$539$294$155$80$18
48 years$911$514$277$144$73$15
49 years$882$491$260$133$66$14
50 years$854$469$244$123$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $875,000, adding $6,540 every year, while hoping to spend $40,259 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: 71/18/11 Blend
66$875,000$875,000$875,000$875,000
67$970,996$924,621$911,059$1,037,314
68$1,027,202$927,092$898,744$1,084,569
69$1,087,792$928,335$884,667$1,130,725
70$1,153,171$928,247$868,727$1,180,167
71$1,223,782$926,719$850,817$1,233,212
72$1,300,115$923,636$830,827$1,290,208
73$1,382,706$918,873$808,639$1,351,537
74$1,472,146$912,302$784,132$1,417,623
75$1,569,084$903,783$757,179$1,488,935
76$1,674,233$893,171$727,647$1,565,986
77$1,788,377$880,309$695,396$1,649,347
78$1,912,381$865,033$660,281$1,739,645
79$2,047,193$847,169$622,150$1,837,573
80$2,193,858$826,532$580,843$1,943,895
81$2,353,525$802,925$536,195$2,059,455
82$2,527,459$776,143$488,031$2,185,183
83$2,717,051$745,965$436,172$2,322,107
84$2,923,832$712,160$380,426$2,471,359
85$3,149,490$674,483$320,597$2,634,190
86$3,395,878$632,673$256,477$2,811,979
87$3,665,040$586,456$187,852$3,006,249
88$3,959,224$535,542$114,495$3,218,678
89$4,280,906$479,625$36,171$3,451,119
90$4,632,811$418,379$0$3,705,615
91$5,017,941$351,463$0$3,989,987
92$5,439,601$278,515$0$4,306,049
93$5,901,430$199,151$0$4,652,326
94$6,407,435$112,969$0$5,031,877
95$6,962,031$19,542$0$5,448,076
96$7,570,079$0$0$5,904,641
97$8,236,931$0$0$6,421,830
98$8,968,486$0$0$6,993,491
99$9,771,238$0$0$7,620,836
100$10,652,342$0$0$8,309,462