Can I retire at age 67 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$72,422$71,777$71,147$70,533$69,933$69,117
2 years$35,852$35,185$34,538$33,910$33,302$32,480
3 years$23,664$22,994$22,348$21,727$21,128$20,326
4 years$17,571$16,903$16,264$15,653$15,069$14,293
5 years$13,916$13,252$12,621$12,023$11,455$10,708
6 years$11,481$10,821$10,200$9,615$9,064$8,347
7 years$9,742$9,088$8,476$7,905$7,371$6,684
8 years$8,438$7,790$7,188$6,631$6,115$5,458
9 years$7,424$6,782$6,191$5,648$5,150$4,522
10 years$6,614$5,978$5,398$4,869$4,388$3,789
11 years$5,951$5,322$4,752$4,237$3,774$3,203
12 years$5,400$4,777$4,217$3,717$3,270$2,728
13 years$4,933$4,317$3,768$3,281$2,852$2,336
14 years$4,534$3,924$3,386$2,913$2,500$2,011
15 years$4,188$3,585$3,057$2,598$2,201$1,738
16 years$3,885$3,289$2,771$2,326$1,945$1,507
17 years$3,619$3,029$2,522$2,090$1,725$1,311
18 years$3,382$2,799$2,302$1,883$1,534$1,143
19 years$3,171$2,594$2,107$1,702$1,367$999
20 years$2,981$2,410$1,934$1,541$1,221$874
21 years$2,809$2,245$1,779$1,399$1,093$766
22 years$2,653$2,096$1,640$1,272$979$673
23 years$2,511$1,960$1,514$1,158$879$591
24 years$2,381$1,837$1,400$1,056$790$520
25 years$2,261$1,724$1,297$965$711$458
26 years$2,151$1,620$1,203$882$641$404
27 years$2,049$1,524$1,117$807$577$356
28 years$1,955$1,436$1,038$740$521$314
29 years$1,867$1,355$966$678$471$277
30 years$1,785$1,280$900$623$425$245
31 years$1,709$1,210$839$572$384$217
32 years$1,638$1,145$783$526$348$192
33 years$1,571$1,084$731$483$315$169
34 years$1,508$1,027$683$445$285$150
35 years$1,449$975$638$409$258$133
36 years$1,393$925$597$377$234$117
37 years$1,340$879$559$347$212$104
38 years$1,291$835$524$320$192$92
39 years$1,244$794$490$295$174$81
40 years$1,199$755$460$272$158$72
41 years$1,157$719$431$251$143$64
42 years$1,117$685$404$232$130$57
43 years$1,078$652$379$214$118$50
44 years$1,042$622$356$198$107$44
45 years$1,007$593$334$182$97$39
46 years$974$566$314$169$88$35
47 years$943$540$295$156$80$31
48 years$913$515$277$144$73$27
49 years$884$492$261$133$66$24
50 years$856$470$245$123$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $877,000, adding $5,868 every year, while hoping to spend $21,784 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: 36/50/14 Blend
66$877,000$877,000$877,000$877,000
67$972,507$926,026$912,432$1,003,134
68$1,048,525$948,223$919,821$1,047,930
69$1,131,566$970,778$926,727$1,093,752
70$1,222,324$993,685$933,111$1,142,745
71$1,321,563$1,016,937$938,932$1,195,205
72$1,430,124$1,040,528$944,147$1,251,454
73$1,548,930$1,064,448$948,710$1,311,847
74$1,679,003$1,088,687$952,573$1,376,778
75$1,821,463$1,113,235$955,687$1,446,679
76$1,977,547$1,138,079$957,997$1,522,025
77$2,148,616$1,163,204$959,449$1,603,342
78$2,336,169$1,188,595$959,985$1,691,206
79$2,541,857$1,214,234$959,543$1,786,257
80$2,767,498$1,240,104$958,059$1,889,194
81$3,015,095$1,266,181$955,466$2,000,793
82$3,286,855$1,292,443$951,694$2,121,906
83$3,585,206$1,318,866$946,668$2,253,474
84$3,912,827$1,345,420$940,311$2,396,532
85$4,272,666$1,372,076$932,543$2,552,224
86$4,667,972$1,398,802$923,277$2,721,808
87$5,102,323$1,425,561$912,424$2,906,673
88$5,579,661$1,452,315$899,892$3,108,348
89$6,104,331$1,479,022$885,582$3,328,522
90$6,681,116$1,505,638$869,393$3,569,054
91$7,315,289$1,532,113$851,217$3,831,995
92$8,012,658$1,558,396$830,942$4,119,605
93$8,779,622$1,584,430$808,451$4,434,377
94$9,623,230$1,610,154$783,621$4,779,057
95$10,551,251$1,635,503$756,324$5,156,676
96$11,572,244$1,660,408$726,426$5,570,572
97$12,695,638$1,684,793$693,786$6,024,426
98$13,931,823$1,708,578$658,258$6,522,299
99$15,292,248$1,731,678$619,689$7,068,664
100$16,789,527$1,753,999$577,918$7,668,454