Can I retire at age 67 with 879,000?

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 $879,000?

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$72,587$71,940$71,310$70,694$70,093$68,818
2 years$35,934$35,265$34,616$33,987$33,377$32,098
3 years$23,718$23,046$22,399$21,776$21,176$19,932
4 years$17,611$16,941$16,301$15,688$15,103$13,903
5 years$13,948$13,282$12,650$12,050$11,481$10,329
6 years$11,507$10,846$10,223$9,637$9,085$7,982
7 years$9,764$9,108$8,495$7,923$7,388$6,335
8 years$8,457$7,808$7,205$6,646$6,129$5,125
9 years$7,441$6,798$6,206$5,661$5,162$4,206
10 years$6,629$5,992$5,410$4,880$4,398$3,490
11 years$5,965$5,334$4,763$4,247$3,782$2,921
12 years$5,412$4,788$4,227$3,725$3,278$2,462
13 years$4,945$4,327$3,777$3,289$2,858$2,087
14 years$4,544$3,933$3,393$2,919$2,506$1,777
15 years$4,197$3,593$3,064$2,604$2,206$1,519
16 years$3,894$3,296$2,778$2,331$1,950$1,303
17 years$3,627$3,036$2,528$2,095$1,729$1,120
18 years$3,390$2,805$2,307$1,888$1,537$966
19 years$3,178$2,600$2,112$1,706$1,370$834
20 years$2,987$2,416$1,939$1,545$1,224$721
21 years$2,815$2,250$1,783$1,402$1,095$625
22 years$2,659$2,101$1,643$1,275$982$542
23 years$2,516$1,965$1,517$1,161$881$470
24 years$2,386$1,841$1,403$1,059$792$409
25 years$2,266$1,727$1,300$967$713$355
26 years$2,156$1,624$1,205$884$642$309
27 years$2,054$1,528$1,119$809$579$269
28 years$1,959$1,440$1,041$742$522$235
29 years$1,871$1,358$968$680$472$204
30 years$1,789$1,283$902$624$426$178
31 years$1,713$1,213$841$573$385$155
32 years$1,641$1,147$785$527$348$136
33 years$1,574$1,087$733$484$315$118
34 years$1,511$1,030$684$446$286$103
35 years$1,452$977$640$410$259$90
36 years$1,396$927$599$378$234$79
37 years$1,343$881$560$348$212$69
38 years$1,294$837$525$321$193$60
39 years$1,246$796$492$296$175$52
40 years$1,202$757$461$273$158$46
41 years$1,159$721$432$252$144$40
42 years$1,119$686$405$232$130$35
43 years$1,081$654$380$214$118$31
44 years$1,044$623$357$198$107$27
45 years$1,010$594$335$183$97$23
46 years$977$567$315$169$89$20
47 years$945$541$296$156$80$18
48 years$915$517$278$144$73$16
49 years$886$493$261$133$66$14
50 years$858$471$246$123$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $879,000, adding $5,826 every year, while hoping to spend $57,466 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: 44/36/20 Blend
66$879,000$879,000$879,000$879,000
67$974,668$928,081$914,456$1,011,679
68$1,012,940$912,413$883,947$1,022,662
69$1,053,191$894,052$850,490$1,028,463
70$1,095,560$872,804$813,925$1,033,563
71$1,140,202$848,466$774,086$1,037,925
72$1,187,283$820,822$730,799$1,041,513
73$1,236,987$789,643$683,881$1,044,291
74$1,289,511$754,687$633,142$1,046,226
75$1,345,072$715,698$578,384$1,047,285
76$1,403,908$672,405$519,398$1,047,438
77$1,466,276$624,523$455,968$1,046,657
78$1,532,461$571,749$387,867$1,044,918
79$1,602,769$513,762$314,858$1,042,202
80$1,677,540$450,225$236,694$1,038,494
81$1,757,143$380,780$153,118$1,033,785
82$1,841,983$305,050$63,859$1,028,073
83$1,932,504$222,635$0$1,021,365
84$2,029,191$133,116$0$1,020,377
85$2,132,576$36,047$0$1,033,414
86$2,243,244$0$0$1,046,940
87$2,361,833$0$0$1,088,429
88$2,489,047$0$0$1,148,324
89$2,625,656$0$0$1,212,718
90$2,772,504$0$0$1,282,018
91$2,930,520$0$0$1,356,675
92$3,100,724$0$0$1,437,178
93$3,284,234$0$0$1,524,070
94$3,482,280$0$0$1,617,944
95$3,696,212$0$0$1,719,454
96$3,927,516$0$0$1,829,316
97$4,177,824$0$0$1,948,321
98$4,448,928$0$0$2,077,335
99$4,742,801$0$0$2,217,313
100$5,061,612$0$0$2,369,303