Can I retire at age 67 with 884,000?

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 $884,000?

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$73,000$72,350$71,715$71,096$70,491$69,959
2 years$36,139$35,466$34,813$34,181$33,567$33,031
3 years$23,853$23,177$22,526$21,900$21,296$20,772
4 years$17,712$17,038$16,393$15,778$15,189$14,681
5 years$14,028$13,358$12,722$12,119$11,546$11,056
6 years$11,572$10,908$10,281$9,691$9,136$8,664
7 years$9,819$9,160$8,544$7,968$7,430$6,977
8 years$8,505$7,852$7,246$6,684$6,164$5,730
9 years$7,484$6,837$6,241$5,693$5,191$4,775
10 years$6,667$6,026$5,441$4,908$4,423$4,025
11 years$5,999$5,365$4,790$4,271$3,804$3,424
12 years$5,443$4,815$4,251$3,746$3,296$2,934
13 years$4,973$4,351$3,798$3,308$2,875$2,530
14 years$4,570$3,955$3,413$2,936$2,520$2,192
15 years$4,221$3,613$3,081$2,618$2,219$1,907
16 years$3,916$3,315$2,793$2,345$1,961$1,665
17 years$3,648$3,053$2,542$2,107$1,739$1,458
18 years$3,409$2,821$2,320$1,898$1,546$1,281
19 years$3,196$2,615$2,124$1,715$1,378$1,127
20 years$3,004$2,430$1,950$1,554$1,231$994
21 years$2,831$2,263$1,793$1,410$1,101$878
22 years$2,674$2,113$1,653$1,282$987$776
23 years$2,531$1,976$1,526$1,168$886$688
24 years$2,400$1,851$1,411$1,065$797$610
25 years$2,279$1,737$1,307$973$717$541
26 years$2,168$1,633$1,212$889$646$481
27 years$2,065$1,537$1,126$814$582$427
28 years$1,970$1,448$1,047$746$525$380
29 years$1,882$1,366$974$684$474$338
30 years$1,799$1,290$907$628$429$301
31 years$1,723$1,219$846$576$387$268
32 years$1,651$1,154$789$530$350$239
33 years$1,583$1,093$737$487$317$213
34 years$1,520$1,036$688$448$287$190
35 years$1,460$982$644$413$260$170
36 years$1,404$932$602$380$236$152
37 years$1,351$886$563$350$214$135
38 years$1,301$842$528$323$194$121
39 years$1,253$800$494$298$176$108
40 years$1,209$761$463$274$159$96
41 years$1,166$725$435$253$144$86
42 years$1,125$690$408$234$131$77
43 years$1,087$658$382$216$119$69
44 years$1,050$627$359$199$108$61
45 years$1,015$598$337$184$98$55
46 years$982$570$317$170$89$49
47 years$950$544$297$157$81$44
48 years$920$520$280$145$73$39
49 years$891$496$263$134$67$35
50 years$863$474$247$124$61$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $884,000, adding $2,106 every year, while hoping to spend $35,984 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: 68/10/22 Blend
66$884,000$884,000$884,000$884,000
67$976,340$929,488$915,786$1,037,179
68$1,037,640$936,747$908,178$1,085,449
69$1,103,987$943,154$899,110$1,133,875
70$1,175,857$948,632$888,493$1,185,994
71$1,253,774$953,095$876,238$1,242,168
72$1,338,316$956,453$862,248$1,302,800
73$1,430,115$958,611$846,425$1,368,330
74$1,529,869$959,465$828,662$1,439,248
75$1,638,346$958,909$808,853$1,516,093
76$1,756,389$956,827$786,881$1,599,458
77$1,884,927$953,098$762,627$1,689,999
78$2,024,981$947,591$735,967$1,788,441
79$2,177,676$940,170$706,769$1,895,581
80$2,344,250$930,689$674,896$2,012,302
81$2,526,064$918,994$640,206$2,139,575
82$2,724,619$904,921$602,549$2,278,473
83$2,941,564$888,296$561,769$2,430,179
84$3,178,717$868,936$517,702$2,595,998
85$3,438,079$846,647$470,178$2,777,372
86$3,721,853$821,222$419,018$2,975,888
87$4,032,464$792,444$364,037$3,193,299
88$4,372,583$760,081$305,040$3,431,539
89$4,745,151$723,891$241,824$3,692,741
90$5,153,409$683,613$174,177$3,979,255
91$5,600,922$638,976$101,878$4,293,678
92$6,091,621$589,691$24,696$4,638,870
93$6,629,833$535,452$0$5,017,988
94$7,220,323$475,936$0$5,448,049
95$7,868,342$410,803$0$5,926,423
96$8,579,672$339,692$0$6,451,600
97$9,360,685$262,223$0$7,028,314
98$10,218,396$177,993$0$7,661,780
99$11,160,535$86,578$0$8,357,747
100$12,195,619$0$0$9,122,547