Can I retire at age 67 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$72,670$72,022$71,391$70,774$70,172$67,791
2 years$35,975$35,305$34,656$34,026$33,415$31,040
3 years$23,745$23,072$22,425$21,801$21,200$18,905
4 years$17,631$16,961$16,319$15,706$15,120$12,923
5 years$13,964$13,297$12,664$12,064$11,494$9,401
6 years$11,520$10,858$10,235$9,648$9,095$7,108
7 years$9,775$9,119$8,505$7,932$7,397$5,515
8 years$8,467$7,816$7,213$6,654$6,136$4,358
9 years$7,450$6,806$6,213$5,668$5,168$3,491
10 years$6,637$5,999$5,416$4,886$4,403$2,826
11 years$5,972$5,340$4,768$4,252$3,787$2,306
12 years$5,418$4,793$4,232$3,729$3,281$1,893
13 years$4,950$4,332$3,781$3,293$2,862$1,562
14 years$4,549$3,937$3,397$2,923$2,508$1,294
15 years$4,202$3,597$3,067$2,607$2,209$1,076
16 years$3,899$3,300$2,781$2,334$1,952$896
17 years$3,631$3,039$2,530$2,097$1,731$749
18 years$3,394$2,808$2,310$1,890$1,539$627
19 years$3,182$2,603$2,115$1,708$1,372$525
20 years$2,991$2,419$1,941$1,547$1,225$441
21 years$2,818$2,253$1,785$1,404$1,096$370
22 years$2,662$2,103$1,645$1,276$983$311
23 years$2,519$1,967$1,519$1,162$882$262
24 years$2,389$1,843$1,405$1,060$793$220
25 years$2,269$1,729$1,301$968$714$186
26 years$2,158$1,625$1,207$885$643$156
27 years$2,056$1,530$1,121$810$579$132
28 years$1,961$1,441$1,042$742$523$111
29 years$1,873$1,360$969$681$472$94
30 years$1,791$1,284$903$625$427$79
31 years$1,715$1,214$842$574$386$67
32 years$1,643$1,149$785$527$349$56
33 years$1,576$1,088$733$485$316$48
34 years$1,513$1,031$685$446$286$40
35 years$1,454$978$641$411$259$34
36 years$1,398$928$599$378$235$29
37 years$1,345$882$561$349$213$24
38 years$1,295$838$525$321$193$20
39 years$1,248$797$492$296$175$17
40 years$1,203$758$461$273$159$15
41 years$1,161$721$433$252$144$12
42 years$1,120$687$406$233$131$10
43 years$1,082$655$381$215$118$9
44 years$1,046$624$357$198$108$7
45 years$1,011$595$336$183$98$6
46 years$978$568$315$169$89$5
47 years$946$542$296$156$80$4
48 years$916$517$278$144$73$4
49 years$887$494$262$133$66$3
50 years$859$472$246$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $880,000, adding $4,743 every year, while hoping to spend $39,156 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: 63/31/6 Blend
66$880,000$880,000$880,000$880,000
67$974,652$928,012$914,372$1,034,744
68$1,032,405$931,823$903,342$1,079,187
69$1,094,737$934,509$890,630$1,122,653
70$1,162,072$935,972$876,139$1,169,089
71$1,234,879$936,110$859,765$1,218,780
72$1,313,673$934,816$841,403$1,272,040
73$1,399,017$931,971$820,940$1,329,219
74$1,491,535$927,456$798,259$1,390,700
75$1,591,908$921,138$773,237$1,456,908
76$1,700,889$912,880$745,747$1,528,312
77$1,819,304$902,535$715,654$1,605,429
78$1,948,062$889,949$682,818$1,688,833
79$2,088,164$874,956$647,092$1,779,156
80$2,240,711$857,383$608,324$1,877,094
81$2,406,914$837,045$566,352$1,983,421
82$2,588,105$813,746$521,011$2,098,986
83$2,785,751$787,279$472,125$2,224,732
84$3,001,468$757,426$419,512$2,361,695
85$3,237,033$723,955$362,980$2,511,024
86$3,494,402$686,620$302,331$2,673,984
87$3,775,728$645,163$237,357$2,851,974
88$4,083,385$599,308$167,841$3,046,538
89$4,419,982$548,766$93,555$3,259,380
90$4,788,395$493,230$14,264$3,492,383
91$5,191,790$432,377$0$3,747,624
92$5,633,652$365,863$0$4,031,900
93$6,117,823$293,328$0$4,344,507
94$6,648,529$214,390$0$4,687,340
95$7,230,428$128,644$0$5,063,502
96$7,868,648$35,664$0$5,476,416
97$8,568,840$0$0$5,929,857
98$9,337,225$0$0$6,450,164
99$10,180,658$0$0$7,034,709
100$11,106,689$0$0$7,676,566