Can I retire at age 67 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$72,835$72,186$71,553$70,935$70,332$69,801
2 years$36,057$35,385$34,734$34,103$33,491$32,956
3 years$23,799$23,125$22,475$21,850$21,248$20,725
4 years$17,671$16,999$16,356$15,742$15,154$14,648
5 years$13,996$13,327$12,693$12,091$11,520$11,031
6 years$11,546$10,883$10,258$9,670$9,116$8,645
7 years$9,797$9,139$8,524$7,950$7,413$6,961
8 years$8,486$7,834$7,229$6,669$6,150$5,717
9 years$7,467$6,821$6,227$5,680$5,179$4,764
10 years$6,652$6,012$5,429$4,897$4,413$4,016
11 years$5,985$5,353$4,779$4,262$3,795$3,416
12 years$5,431$4,804$4,241$3,738$3,289$2,928
13 years$4,961$4,342$3,789$3,300$2,868$2,524
14 years$4,560$3,946$3,405$2,929$2,514$2,187
15 years$4,212$3,605$3,074$2,613$2,214$1,903
16 years$3,908$3,308$2,787$2,339$1,956$1,661
17 years$3,640$3,046$2,536$2,102$1,735$1,455
18 years$3,402$2,815$2,315$1,894$1,542$1,278
19 years$3,189$2,609$2,119$1,711$1,375$1,124
20 years$2,998$2,424$1,945$1,550$1,228$991
21 years$2,825$2,258$1,789$1,407$1,099$876
22 years$2,668$2,108$1,649$1,279$985$775
23 years$2,525$1,971$1,523$1,165$884$686
24 years$2,394$1,847$1,408$1,062$795$608
25 years$2,274$1,733$1,304$970$715$540
26 years$2,163$1,629$1,210$887$644$480
27 years$2,061$1,533$1,123$812$581$426
28 years$1,966$1,445$1,044$744$524$379
29 years$1,878$1,363$972$682$473$338
30 years$1,795$1,287$905$626$428$301
31 years$1,719$1,217$844$575$387$268
32 years$1,647$1,151$787$529$350$239
33 years$1,580$1,090$735$486$316$213
34 years$1,516$1,033$687$447$287$190
35 years$1,457$980$642$412$260$169
36 years$1,401$930$601$379$235$151
37 years$1,348$884$562$349$213$135
38 years$1,298$840$526$322$193$121
39 years$1,251$798$493$297$175$108
40 years$1,206$760$462$274$159$96
41 years$1,163$723$434$253$144$86
42 years$1,123$689$407$233$131$77
43 years$1,085$656$382$215$119$69
44 years$1,048$625$358$199$108$61
45 years$1,013$596$336$184$98$55
46 years$980$569$316$170$89$49
47 years$948$543$297$157$81$44
48 years$918$518$279$145$73$39
49 years$889$495$262$134$67$35
50 years$861$473$246$124$60$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $882,000, adding $4,048 every year, while hoping to spend $25,310 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: 62/17/21 Blend
66$882,000$882,000$882,000$882,000
67$976,140$929,394$915,723$1,031,092
68$1,048,776$948,004$919,470$1,087,297
69$1,127,973$966,678$922,494$1,145,461
70$1,214,374$985,393$924,744$1,208,388
71$1,308,684$1,004,121$926,168$1,276,545
72$1,411,684$1,022,837$926,708$1,350,446
73$1,524,229$1,041,509$926,306$1,430,659
74$1,647,262$1,060,106$924,900$1,517,810
75$1,781,824$1,078,592$922,425$1,612,587
76$1,929,057$1,096,930$918,813$1,715,752
77$2,090,220$1,115,079$913,993$1,828,141
78$2,266,701$1,132,996$907,890$1,950,678
79$2,460,026$1,150,634$900,426$2,084,382
80$2,671,877$1,167,944$891,518$2,230,375
81$2,904,106$1,184,871$881,082$2,389,893
82$3,158,753$1,201,357$869,026$2,564,302
83$3,438,065$1,217,342$855,257$2,755,104
84$3,744,515$1,232,760$839,676$2,963,957
85$4,080,830$1,247,540$822,180$3,192,688
86$4,450,012$1,261,607$802,660$3,443,313
87$4,855,368$1,274,880$781,004$3,718,052
88$5,300,542$1,287,275$757,093$4,019,354
89$5,789,545$1,298,700$730,804$4,349,916
90$6,326,800$1,309,057$702,007$4,712,715
91$6,917,177$1,318,244$670,568$5,111,031
92$7,566,041$1,326,150$636,344$5,548,479
93$8,279,303$1,332,657$599,187$6,029,045
94$9,063,476$1,337,642$558,944$6,557,123
95$9,925,735$1,340,971$515,453$7,137,556
96$10,873,984$1,342,503$468,545$7,775,685
97$11,916,934$1,342,088$418,045$8,477,394
98$13,064,179$1,339,569$363,767$9,249,172
99$14,326,292$1,334,774$305,520$10,098,171
100$15,714,922$1,327,526$243,103$11,032,274