Can I retire at age 67 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$72,752$72,104$71,472$70,855$70,252$69,751
2 years$36,016$35,345$34,695$34,065$33,453$32,948
3 years$23,772$23,098$22,450$21,826$21,224$20,730
4 years$17,651$16,980$16,338$15,724$15,137$14,659
5 years$13,980$13,312$12,679$12,078$11,507$11,045
6 years$11,533$10,871$10,246$9,659$9,105$8,660
7 years$9,786$9,129$8,515$7,941$7,405$6,978
8 years$8,476$7,825$7,221$6,661$6,143$5,733
9 years$7,458$6,813$6,220$5,674$5,173$4,781
10 years$6,644$6,006$5,422$4,891$4,408$4,033
11 years$5,979$5,346$4,774$4,257$3,791$3,433
12 years$5,424$4,799$4,237$3,734$3,285$2,943
13 years$4,956$4,337$3,785$3,296$2,865$2,539
14 years$4,554$3,942$3,401$2,926$2,511$2,201
15 years$4,207$3,601$3,071$2,610$2,211$1,917
16 years$3,903$3,304$2,784$2,337$1,954$1,675
17 years$3,635$3,043$2,533$2,099$1,733$1,468
18 years$3,398$2,812$2,313$1,892$1,541$1,290
19 years$3,185$2,606$2,117$1,710$1,373$1,136
20 years$2,994$2,421$1,943$1,548$1,227$1,002
21 years$2,822$2,255$1,787$1,405$1,098$886
22 years$2,665$2,105$1,647$1,278$984$784
23 years$2,522$1,969$1,521$1,164$883$695
24 years$2,391$1,845$1,406$1,061$794$617
25 years$2,271$1,731$1,303$969$714$548
26 years$2,161$1,627$1,208$886$643$487
27 years$2,058$1,531$1,122$811$580$433
28 years$1,964$1,443$1,043$743$523$386
29 years$1,875$1,361$971$682$473$344
30 years$1,793$1,286$904$625$427$306
31 years$1,717$1,215$843$574$386$273
32 years$1,645$1,150$786$528$349$244
33 years$1,578$1,089$734$485$316$217
34 years$1,515$1,032$686$447$286$194
35 years$1,455$979$641$411$259$173
36 years$1,399$929$600$379$235$155
37 years$1,346$883$562$349$213$138
38 years$1,296$839$526$322$193$124
39 years$1,249$798$493$297$175$111
40 years$1,204$759$462$274$159$99
41 years$1,162$722$433$252$144$88
42 years$1,122$688$406$233$131$79
43 years$1,083$655$381$215$119$71
44 years$1,047$625$358$199$108$63
45 years$1,012$596$336$183$98$57
46 years$979$568$316$169$89$51
47 years$947$542$296$156$81$45
48 years$917$518$279$145$73$40
49 years$888$494$262$134$66$36
50 years$860$472$246$123$60$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $881,000, adding $2,696 every year, while hoping to spend $36,395 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: 69/13/18 Blend
66$881,000$881,000$881,000$881,000
67$973,643$926,950$913,294$1,036,417
68$1,034,231$933,646$905,166$1,085,323
69$1,099,778$939,451$895,545$1,134,267
70$1,170,754$944,282$884,344$1,186,915
71$1,247,671$948,052$871,469$1,243,627
72$1,331,094$950,668$856,825$1,304,804
73$1,421,646$952,031$840,309$1,370,886
74$1,520,010$952,037$821,815$1,442,358
75$1,626,938$950,574$801,233$1,519,757
76$1,743,257$947,523$778,445$1,603,674
77$1,869,877$942,759$753,331$1,694,761
78$2,007,800$936,150$725,763$1,793,738
79$2,158,127$927,553$695,608$1,901,400
80$2,322,072$916,819$662,727$2,018,622
81$2,500,970$903,790$626,975$2,146,371
82$2,696,290$888,297$588,200$2,285,713
83$2,909,650$870,161$546,242$2,437,825
84$3,142,829$849,194$500,937$2,604,004
85$3,397,790$825,197$452,110$2,785,681
86$3,676,690$797,957$399,581$2,984,435
87$3,981,906$767,250$343,161$3,202,008
88$4,316,055$732,840$282,651$3,440,321
89$4,682,019$694,476$217,846$3,701,493
90$5,082,971$651,892$148,531$3,987,862
91$5,522,408$604,808$74,480$4,302,004
92$6,004,178$552,928$0$4,646,763
93$6,532,520$495,938$0$5,026,147
94$7,112,105$433,507$0$5,458,065
95$7,748,076$365,284$0$5,932,059
96$8,446,097$290,901$0$6,452,385
97$9,212,410$209,966$0$7,023,737
98$10,053,888$122,066$0$7,651,284
99$10,978,104$26,767$0$8,340,724
100$11,993,400$0$0$9,098,337