Can I retire at age 67 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$73,165$72,513$71,877$71,257$70,651$67,875
2 years$36,220$35,546$34,892$34,258$33,643$30,880
3 years$23,907$23,230$22,577$21,950$21,345$18,682
4 years$17,752$17,076$16,431$15,813$15,223$12,681
5 years$14,059$13,388$12,751$12,146$11,572$9,157
6 years$11,599$10,932$10,305$9,713$9,157$6,870
7 years$9,842$9,181$8,563$7,986$7,447$5,288
8 years$8,524$7,870$7,262$6,699$6,178$4,144
9 years$7,501$6,852$6,255$5,706$5,203$3,292
10 years$6,682$6,040$5,453$4,919$4,433$2,641
11 years$6,013$5,377$4,801$4,281$3,813$2,135
12 years$5,455$4,826$4,261$3,755$3,304$1,736
13 years$4,984$4,361$3,807$3,315$2,881$1,419
14 years$4,580$3,964$3,420$2,943$2,526$1,164
15 years$4,231$3,621$3,088$2,624$2,224$958
16 years$3,925$3,323$2,800$2,350$1,965$790
17 years$3,656$3,060$2,548$2,111$1,743$653
18 years$3,417$2,828$2,326$1,903$1,549$541
19 years$3,203$2,621$2,129$1,719$1,381$449
20 years$3,011$2,435$1,954$1,557$1,234$372
21 years$2,838$2,268$1,797$1,413$1,104$310
22 years$2,680$2,117$1,656$1,285$989$257
23 years$2,536$1,980$1,529$1,170$888$214
24 years$2,405$1,855$1,414$1,067$798$178
25 years$2,284$1,741$1,310$975$718$148
26 years$2,173$1,636$1,215$891$647$124
27 years$2,070$1,540$1,128$816$583$103
28 years$1,975$1,451$1,049$747$526$86
29 years$1,886$1,369$976$685$475$72
30 years$1,804$1,293$909$629$430$60
31 years$1,726$1,222$848$578$388$50
32 years$1,654$1,156$791$531$351$42
33 years$1,587$1,095$738$488$318$35
34 years$1,523$1,038$690$449$288$29
35 years$1,463$985$645$414$261$24
36 years$1,407$934$603$381$236$20
37 years$1,354$888$565$351$214$17
38 years$1,304$843$529$323$194$14
39 years$1,256$802$496$298$176$12
40 years$1,211$763$464$275$160$10
41 years$1,169$726$435$254$145$8
42 years$1,128$692$409$234$131$7
43 years$1,089$659$383$216$119$6
44 years$1,053$628$360$200$108$5
45 years$1,018$599$338$184$98$4
46 years$984$572$317$170$89$3
47 years$952$545$298$157$81$3
48 years$922$521$280$145$74$2
49 years$893$497$263$134$67$2
50 years$865$475$248$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $886,000, adding $5,921 every year, while hoping to spend $36,042 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: 58/28/14 Blend
66$886,000$886,000$886,000$886,000
67$982,480$935,522$921,789$1,035,643
68$1,044,344$943,014$914,320$1,079,753
69$1,111,311$949,665$905,393$1,123,311
70$1,183,862$955,396$894,922$1,169,947
71$1,262,528$960,123$882,814$1,219,964
72$1,347,893$963,755$868,975$1,273,693
73$1,440,597$966,198$853,304$1,331,502
74$1,541,346$967,351$835,698$1,393,797
75$1,650,917$967,104$816,048$1,461,028
76$1,770,163$965,345$794,238$1,533,689
77$1,900,024$961,951$770,149$1,612,329
78$2,041,534$956,794$743,657$1,697,552
79$2,195,830$949,737$714,629$1,790,028
80$2,364,166$940,636$682,931$1,890,493
81$2,547,920$929,335$648,417$1,999,764
82$2,748,608$915,673$610,940$2,118,741
83$2,967,902$899,477$570,342$2,248,418
84$3,207,641$880,564$526,461$2,389,894
85$3,469,848$858,740$479,126$2,544,382
86$3,756,754$833,800$428,158$2,713,220
87$4,070,814$805,527$373,372$2,897,886
88$4,414,730$773,691$314,573$3,100,014
89$4,791,479$738,048$251,558$3,321,405
90$5,204,340$698,343$184,116$3,564,048
91$5,656,923$654,301$112,023$3,830,139
92$6,153,204$605,637$35,051$4,122,103
93$6,697,563$552,045$0$4,442,613
94$7,294,823$493,205$0$4,801,658
95$7,950,298$428,775$0$5,201,506
96$8,669,842$358,398$0$5,640,551
97$9,459,899$281,693$0$6,122,801
98$10,327,574$198,261$0$6,652,679
99$11,280,688$107,677$0$7,235,059
100$12,327,860$9,496$0$7,875,320