Can I retire at age 67 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$72,504$71,859$71,228$70,613$70,013$69,138
2 years$35,893$35,225$34,577$33,949$33,340$32,459
3 years$23,691$23,020$22,374$21,751$21,152$20,294
4 years$17,591$16,922$16,282$15,671$15,086$14,256
5 years$13,932$13,267$12,636$12,037$11,468$10,669
6 years$11,494$10,834$10,212$9,626$9,074$8,307
7 years$9,753$9,098$8,486$7,914$7,380$6,645
8 years$8,447$7,799$7,197$6,639$6,122$5,420
9 years$7,433$6,790$6,198$5,655$5,156$4,485
10 years$6,622$5,985$5,404$4,874$4,393$3,753
11 years$5,958$5,328$4,758$4,242$3,778$3,169
12 years$5,406$4,782$4,222$3,721$3,274$2,695
13 years$4,939$4,322$3,772$3,285$2,855$2,306
14 years$4,539$3,928$3,389$2,916$2,503$1,982
15 years$4,193$3,589$3,060$2,601$2,204$1,711
16 years$3,890$3,293$2,775$2,329$1,948$1,481
17 years$3,623$3,032$2,525$2,092$1,727$1,287
18 years$3,386$2,802$2,305$1,886$1,535$1,120
19 years$3,174$2,597$2,110$1,704$1,369$977
20 years$2,984$2,413$1,936$1,543$1,222$854
21 years$2,812$2,248$1,781$1,400$1,094$748
22 years$2,656$2,098$1,642$1,273$981$655
23 years$2,514$1,962$1,516$1,160$880$575
24 years$2,383$1,839$1,402$1,058$791$505
25 years$2,264$1,725$1,298$966$712$444
26 years$2,153$1,622$1,204$883$641$391
27 years$2,051$1,526$1,118$808$578$344
28 years$1,957$1,438$1,039$741$522$303
29 years$1,869$1,357$967$679$471$267
30 years$1,787$1,281$901$623$426$236
31 years$1,711$1,211$840$572$385$208
32 years$1,639$1,146$784$526$348$184
33 years$1,572$1,085$732$484$315$162
34 years$1,509$1,029$684$445$285$143
35 years$1,450$976$639$410$258$126
36 years$1,394$926$598$377$234$112
37 years$1,342$880$560$348$212$99
38 years$1,292$836$524$321$192$87
39 years$1,245$795$491$296$174$77
40 years$1,200$756$460$273$158$68
41 years$1,158$720$432$251$144$60
42 years$1,118$686$405$232$130$53
43 years$1,080$653$380$214$118$47
44 years$1,043$623$357$198$107$42
45 years$1,009$594$335$183$97$37
46 years$975$566$314$169$88$33
47 years$944$541$295$156$80$29
48 years$914$516$278$144$73$26
49 years$885$493$261$133$66$23
50 years$857$471$245$123$60$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $878,000, adding $5,427 every year, while hoping to spend $27,751 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$878,000$878,000$878,000$878,000
67$973,154$926,620$913,011$1,006,554
68$1,042,889$942,497$914,070$1,046,829
69$1,118,807$958,223$914,234$1,087,334
70$1,201,508$973,759$913,445$1,130,616
71$1,291,656$989,068$911,639$1,176,944
72$1,389,979$1,004,105$908,753$1,226,617
73$1,497,277$1,018,827$904,716$1,279,963
74$1,614,433$1,033,184$899,458$1,337,347
75$1,742,419$1,047,123$892,904$1,399,169
76$1,882,304$1,060,591$884,975$1,465,874
77$2,035,265$1,073,526$875,587$1,537,951
78$2,202,599$1,085,865$864,656$1,615,943
79$2,385,733$1,097,541$852,091$1,700,446
80$2,586,238$1,108,481$837,796$1,792,122
81$2,805,845$1,118,607$821,673$1,891,700
82$3,046,460$1,127,838$803,618$1,999,986
83$3,310,181$1,136,085$783,522$2,117,869
84$3,599,322$1,143,255$761,271$2,246,332
85$3,916,427$1,149,248$736,748$2,386,460
86$4,264,301$1,153,960$709,828$2,539,450
87$4,646,032$1,157,277$680,380$2,706,625
88$5,065,024$1,159,080$648,269$2,889,446
89$5,525,023$1,159,241$613,353$3,089,523
90$6,030,158$1,157,627$575,483$3,308,636
91$6,584,977$1,154,094$534,504$3,548,749
92$7,194,489$1,148,489$490,255$3,812,031
93$7,864,214$1,140,651$442,565$4,100,872
94$8,600,231$1,130,411$391,258$4,417,915
95$9,409,239$1,117,585$336,149$4,766,073
96$10,298,616$1,101,981$277,046$5,148,562
97$11,276,494$1,083,397$213,745$5,568,930
98$12,351,828$1,061,616$146,038$6,031,093
99$13,534,489$1,036,409$73,704$6,539,371
100$14,835,348$1,007,535$0$7,098,532