Can I retire at age 67 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$73,082$72,431$71,796$71,176$70,571$69,632
2 years$36,179$35,506$34,853$34,219$33,605$32,660
3 years$23,880$23,203$22,552$21,925$21,321$20,399
4 years$17,732$17,057$16,412$15,796$15,206$14,316
5 years$14,043$13,373$12,736$12,132$11,559$10,703
6 years$11,585$10,920$10,293$9,702$9,147$8,324
7 years$9,830$9,171$8,553$7,977$7,439$6,651
8 years$8,515$7,861$7,254$6,692$6,171$5,418
9 years$7,492$6,844$6,248$5,700$5,197$4,479
10 years$6,674$6,033$5,447$4,913$4,428$3,744
11 years$6,006$5,371$4,795$4,276$3,808$3,157
12 years$5,449$4,820$4,256$3,751$3,300$2,682
13 years$4,978$4,356$3,802$3,311$2,878$2,291
14 years$4,575$3,960$3,416$2,939$2,523$1,967
15 years$4,226$3,617$3,085$2,621$2,221$1,695
16 years$3,921$3,319$2,797$2,347$1,963$1,466
17 years$3,652$3,057$2,545$2,109$1,741$1,271
18 years$3,413$2,824$2,323$1,901$1,548$1,105
19 years$3,200$2,618$2,127$1,717$1,379$963
20 years$3,008$2,432$1,952$1,555$1,232$840
21 years$2,834$2,266$1,795$1,412$1,103$735
22 years$2,677$2,115$1,655$1,283$988$643
23 years$2,534$1,978$1,528$1,169$887$563
24 years$2,402$1,853$1,413$1,066$797$494
25 years$2,282$1,739$1,309$974$718$434
26 years$2,170$1,635$1,214$890$646$381
27 years$2,068$1,538$1,127$815$583$335
28 years$1,972$1,450$1,048$747$526$295
29 years$1,884$1,368$975$685$475$259
30 years$1,801$1,291$908$628$429$228
31 years$1,724$1,221$847$577$388$201
32 years$1,652$1,155$790$530$351$177
33 years$1,585$1,094$738$488$318$156
34 years$1,521$1,037$689$449$287$138
35 years$1,462$983$644$413$260$121
36 years$1,406$933$603$380$236$107
37 years$1,353$887$564$351$214$95
38 years$1,302$843$528$323$194$83
39 years$1,255$801$495$298$176$74
40 years$1,210$762$464$275$159$65
41 years$1,167$726$435$253$145$57
42 years$1,127$691$408$234$131$51
43 years$1,088$658$383$216$119$45
44 years$1,052$628$359$199$108$39
45 years$1,017$598$337$184$98$35
46 years$983$571$317$170$89$31
47 years$951$545$298$157$81$27
48 years$921$520$280$145$73$24
49 years$892$497$263$134$67$21
50 years$864$474$247$124$61$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $885,000, adding $5,749 every year, while hoping to spend $22,541 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: 42/48/10 Blend
66$885,000$885,000$885,000$885,000
67$981,200$934,295$920,578$1,019,303
68$1,057,299$956,092$927,433$1,068,294
69$1,140,405$978,202$933,764$1,118,598
70$1,231,208$1,000,615$939,526$1,172,561
71$1,330,469$1,023,323$944,679$1,230,525
72$1,439,026$1,046,315$949,174$1,292,869
73$1,557,800$1,069,578$952,965$1,360,007
74$1,687,807$1,093,099$956,001$1,432,398
75$1,830,164$1,116,862$958,228$1,510,546
76$1,986,104$1,140,851$959,591$1,595,006
77$2,156,981$1,165,047$960,032$1,686,391
78$2,344,289$1,189,430$959,489$1,785,376
79$2,549,672$1,213,978$957,898$1,892,703
80$2,774,941$1,238,666$955,190$2,009,191
81$3,022,092$1,263,467$951,296$2,135,745
82$3,293,321$1,288,353$946,140$2,273,357
83$3,591,050$1,313,293$939,646$2,423,125
84$3,917,944$1,338,251$931,731$2,586,258
85$4,276,941$1,363,191$922,310$2,764,087
86$4,671,275$1,388,074$911,294$2,958,080
87$5,104,511$1,412,855$898,588$3,169,856
88$5,580,575$1,437,489$884,095$3,401,198
89$6,103,793$1,461,925$867,711$3,654,073
90$6,678,930$1,486,110$849,330$3,930,648
91$7,311,236$1,509,985$828,838$4,233,312
92$8,006,496$1,533,488$806,117$4,564,700
93$8,771,082$1,556,552$781,046$4,927,714
94$9,612,015$1,579,106$753,494$5,325,555
95$10,537,031$1,601,073$723,327$5,761,750
96$11,554,654$1,622,371$690,404$6,240,190
97$12,674,274$1,642,913$654,577$6,765,161
98$13,906,238$1,662,604$615,694$7,341,389
99$15,261,947$1,681,344$573,592$7,974,083
100$16,753,962$1,699,026$528,104$8,668,988