Can I retire at age 67 with 875,000?

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 $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%11.6%
1 years$72,257$71,613$70,985$70,372$69,774$69,305
2 years$35,771$35,104$34,459$33,833$33,226$32,753
3 years$23,610$22,941$22,297$21,677$21,080$20,618
4 years$17,531$16,864$16,227$15,617$15,034$14,586
5 years$13,885$13,222$12,593$11,995$11,429$10,996
6 years$11,455$10,797$10,177$9,593$9,043$8,627
7 years$9,719$9,067$8,457$7,887$7,355$6,954
8 years$8,419$7,772$7,172$6,616$6,101$5,718
9 years$7,407$6,767$6,177$5,635$5,138$4,771
10 years$6,599$5,965$5,385$4,858$4,378$4,026
11 years$5,938$5,310$4,741$4,228$3,765$3,429
12 years$5,387$4,766$4,208$3,708$3,263$2,942
13 years$4,922$4,307$3,759$3,274$2,845$2,540
14 years$4,523$3,915$3,378$2,906$2,494$2,204
15 years$4,178$3,576$3,050$2,592$2,196$1,920
16 years$3,877$3,281$2,765$2,321$1,941$1,679
17 years$3,611$3,022$2,516$2,085$1,721$1,472
18 years$3,375$2,792$2,297$1,879$1,530$1,295
19 years$3,164$2,588$2,103$1,698$1,364$1,141
20 years$2,974$2,405$1,930$1,538$1,218$1,007
21 years$2,802$2,240$1,775$1,396$1,090$891
22 years$2,647$2,091$1,636$1,269$977$789
23 years$2,505$1,956$1,510$1,156$877$700
24 years$2,375$1,832$1,397$1,054$788$622
25 years$2,256$1,720$1,294$963$709$553
26 years$2,146$1,616$1,200$880$639$492
27 years$2,044$1,521$1,114$806$576$438
28 years$1,950$1,433$1,036$738$520$390
29 years$1,863$1,352$964$677$469$348
30 years$1,781$1,277$898$621$424$310
31 years$1,705$1,207$837$571$383$277
32 years$1,634$1,142$781$524$347$247
33 years$1,567$1,082$729$482$314$221
34 years$1,504$1,025$681$444$284$197
35 years$1,445$972$637$408$257$176
36 years$1,390$923$596$376$233$158
37 years$1,337$877$558$347$211$141
38 years$1,288$833$522$319$192$126
39 years$1,241$792$489$295$174$113
40 years$1,196$754$459$272$158$101
41 years$1,154$717$430$251$143$90
42 years$1,114$683$403$231$130$81
43 years$1,076$651$379$214$118$72
44 years$1,040$620$355$197$107$65
45 years$1,005$592$334$182$97$58
46 years$972$564$313$168$88$52
47 years$941$539$294$155$80$47
48 years$911$514$277$144$73$42
49 years$882$491$260$133$66$37
50 years$854$469$244$123$60$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $875,000, adding $4,682 every year, while hoping to spend $52,832 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: 56/35/9 Blend
66$875,000$875,000$875,000$875,000
67$969,079$922,704$909,142$1,021,000
68$1,011,713$911,704$883,385$1,045,593
69$1,056,924$898,394$854,995$1,066,103
70$1,104,920$882,605$823,828$1,087,168
71$1,155,928$864,159$789,732$1,108,847
72$1,210,195$842,865$752,550$1,131,210
73$1,267,993$818,524$712,119$1,154,336
74$1,329,619$790,922$668,265$1,178,313
75$1,395,397$759,834$620,809$1,203,243
76$1,465,685$725,024$569,564$1,229,242
77$1,540,873$686,238$514,332$1,256,440
78$1,621,389$643,211$454,910$1,284,984
79$1,707,704$595,661$391,082$1,315,042
80$1,800,332$543,290$322,625$1,346,802
81$1,899,838$485,784$249,306$1,380,475
82$2,006,845$422,811$170,881$1,416,300
83$2,122,033$354,018$87,095$1,454,545
84$2,246,150$279,035$0$1,495,512
85$2,380,019$197,469$0$1,539,760
86$2,524,542$108,907$0$1,596,385
87$2,680,712$12,910$0$1,657,467
88$2,849,620$0$0$1,723,509
89$3,032,464$0$0$1,830,113
90$3,230,561$0$0$1,951,062
91$3,445,361$0$0$2,082,279
92$3,678,458$0$0$2,224,743
93$3,931,602$0$0$2,379,537
94$4,206,723$0$0$2,547,847
95$4,505,940$0$0$2,730,981
96$4,831,586$0$0$2,930,378
97$5,186,229$0$0$3,147,619
98$5,572,692$0$0$3,384,447
99$5,994,085$0$0$3,642,778
100$6,453,828$0$0$3,924,722