Can I retire at age 67 with 877,000?

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 $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%13.9%
1 years$72,422$71,777$71,147$70,533$69,933$68,803
2 years$35,852$35,185$34,538$33,910$33,302$32,166
3 years$23,664$22,994$22,348$21,727$21,128$20,022
4 years$17,571$16,903$16,264$15,653$15,069$14,002
5 years$13,916$13,252$12,621$12,023$11,455$10,429
6 years$11,481$10,821$10,200$9,615$9,064$8,081
7 years$9,742$9,088$8,476$7,905$7,371$6,432
8 years$8,438$7,790$7,188$6,631$6,115$5,219
9 years$7,424$6,782$6,191$5,648$5,150$4,296
10 years$6,614$5,978$5,398$4,869$4,388$3,575
11 years$5,951$5,322$4,752$4,237$3,774$3,002
12 years$5,400$4,777$4,217$3,717$3,270$2,538
13 years$4,933$4,317$3,768$3,281$2,852$2,159
14 years$4,534$3,924$3,386$2,913$2,500$1,845
15 years$4,188$3,585$3,057$2,598$2,201$1,582
16 years$3,885$3,289$2,771$2,326$1,945$1,362
17 years$3,619$3,029$2,522$2,090$1,725$1,175
18 years$3,382$2,799$2,302$1,883$1,534$1,016
19 years$3,171$2,594$2,107$1,702$1,367$881
20 years$2,981$2,410$1,934$1,541$1,221$765
21 years$2,809$2,245$1,779$1,399$1,093$665
22 years$2,653$2,096$1,640$1,272$979$579
23 years$2,511$1,960$1,514$1,158$879$505
24 years$2,381$1,837$1,400$1,056$790$440
25 years$2,261$1,724$1,297$965$711$384
26 years$2,151$1,620$1,203$882$641$336
27 years$2,049$1,524$1,117$807$577$294
28 years$1,955$1,436$1,038$740$521$257
29 years$1,867$1,355$966$678$471$225
30 years$1,785$1,280$900$623$425$197
31 years$1,709$1,210$839$572$384$172
32 years$1,638$1,145$783$526$348$151
33 years$1,571$1,084$731$483$315$132
34 years$1,508$1,027$683$445$285$116
35 years$1,449$975$638$409$258$102
36 years$1,393$925$597$377$234$89
37 years$1,340$879$559$347$212$78
38 years$1,291$835$524$320$192$69
39 years$1,244$794$490$295$174$60
40 years$1,199$755$460$272$158$53
41 years$1,157$719$431$251$143$46
42 years$1,117$685$404$232$130$41
43 years$1,078$652$379$214$118$36
44 years$1,042$622$356$198$107$31
45 years$1,007$593$334$182$97$27
46 years$974$566$314$169$88$24
47 years$943$540$295$156$80$21
48 years$913$515$277$144$73$19
49 years$884$492$261$133$66$16
50 years$856$470$245$123$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $877,000, adding $3,472 every year, while hoping to spend $49,677 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: 41/37/22 Blend
66$877,000$877,000$877,000$877,000
67$970,035$923,554$909,961$1,003,397
68$1,016,123$915,953$887,589$1,019,983
69$1,065,247$906,313$862,802$1,032,913
70$1,117,664$894,484$835,467$1,045,905
71$1,173,655$880,304$805,446$1,058,993
72$1,233,531$863,602$772,591$1,072,216
73$1,297,629$844,197$736,751$1,085,623
74$1,366,321$821,896$697,766$1,099,271
75$1,440,014$796,497$655,469$1,113,227
76$1,519,155$767,785$609,687$1,127,570
77$1,604,235$735,532$560,237$1,142,393
78$1,695,792$699,498$506,930$1,157,802
79$1,794,417$659,428$449,567$1,173,920
80$1,900,760$615,053$387,940$1,190,890
81$2,015,534$566,087$321,832$1,208,874
82$2,139,524$512,230$251,019$1,228,059
83$2,273,590$453,164$175,263$1,248,656
84$2,418,680$388,553$94,318$1,270,907
85$2,575,834$318,041$7,926$1,295,085
86$2,746,197$241,253$0$1,321,503
87$2,931,028$157,793$0$1,370,291
88$3,131,710$67,242$0$1,425,337
89$3,349,765$0$0$1,485,294
90$3,586,869$0$0$1,563,294
91$3,844,863$0$0$1,678,056
92$4,125,775$0$0$1,803,115
93$4,431,835$0$0$1,939,477
94$4,765,498$0$0$2,088,251
95$5,129,465$0$0$2,250,655
96$5,526,710$0$0$2,428,030
97$5,960,507$0$0$2,621,853
98$6,434,459$0$0$2,833,750
99$6,952,531$0$0$3,065,511
100$7,519,093$0$0$3,319,108