Can I retire at age 67 with 887,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$73,248$72,595$71,959$71,337$70,731$69,473
2 years$36,261$35,586$34,931$34,297$33,681$32,419
3 years$23,934$23,256$22,603$21,974$21,369$20,140
4 years$17,772$17,095$16,449$15,831$15,240$14,056
5 years$14,075$13,403$12,765$12,160$11,585$10,448
6 years$11,612$10,945$10,316$9,724$9,167$8,078
7 years$9,853$9,191$8,573$7,995$7,455$6,415
8 years$8,534$7,879$7,270$6,707$6,185$5,193
9 years$7,509$6,860$6,262$5,713$5,209$4,264
10 years$6,689$6,047$5,459$4,924$4,438$3,541
11 years$6,019$5,383$4,806$4,286$3,817$2,965
12 years$5,461$4,831$4,265$3,759$3,308$2,501
13 years$4,990$4,366$3,811$3,319$2,884$2,121
14 years$4,585$3,969$3,424$2,946$2,528$1,808
15 years$4,236$3,625$3,092$2,627$2,226$1,546
16 years$3,930$3,326$2,803$2,352$1,967$1,327
17 years$3,660$3,063$2,551$2,114$1,745$1,142
18 years$3,421$2,831$2,328$1,905$1,551$985
19 years$3,207$2,623$2,131$1,721$1,383$851
20 years$3,015$2,438$1,956$1,559$1,235$737
21 years$2,841$2,271$1,799$1,415$1,105$639
22 years$2,683$2,120$1,658$1,286$991$554
23 years$2,539$1,983$1,531$1,172$889$482
24 years$2,408$1,857$1,416$1,068$799$419
25 years$2,287$1,743$1,312$976$719$364
26 years$2,175$1,638$1,216$892$648$317
27 years$2,072$1,542$1,130$817$584$277
28 years$1,977$1,453$1,050$748$527$241
29 years$1,888$1,371$977$686$476$210
30 years$1,806$1,294$910$630$430$184
31 years$1,728$1,224$849$578$389$160
32 years$1,656$1,158$792$532$352$140
33 years$1,588$1,096$739$489$318$122
34 years$1,525$1,039$691$450$288$107
35 years$1,465$986$646$414$261$93
36 years$1,409$936$604$381$236$81
37 years$1,356$889$565$351$214$71
38 years$1,305$844$529$324$194$62
39 years$1,258$803$496$299$176$54
40 years$1,213$764$465$275$160$48
41 years$1,170$727$436$254$145$42
42 years$1,129$693$409$234$132$36
43 years$1,091$660$384$216$119$32
44 years$1,054$629$360$200$108$28
45 years$1,019$600$338$185$98$24
46 years$985$572$318$170$89$21
47 years$954$546$298$158$81$19
48 years$923$521$280$146$74$16
49 years$894$498$264$135$67$14
50 years$866$476$248$124$61$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $887,000, adding $2,749 every year, while hoping to spend $30,566 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: 49/36/15 Blend
66$887,000$887,000$887,000$887,000
67$980,310$933,299$919,550$1,024,146
68$1,047,779$946,508$917,833$1,067,869
69$1,121,106$959,341$915,034$1,111,950
70$1,200,856$971,745$911,085$1,159,163
71$1,287,650$983,668$905,913$1,209,810
72$1,382,173$995,050$899,443$1,264,227
73$1,485,177$1,005,830$891,597$1,322,786
74$1,597,492$1,015,942$882,292$1,385,897
75$1,720,029$1,025,316$871,442$1,454,012
76$1,853,791$1,033,876$858,955$1,527,630
77$1,999,885$1,041,543$844,736$1,607,304
78$2,159,525$1,048,231$828,688$1,693,643
79$2,334,053$1,053,850$810,704$1,787,320
80$2,524,940$1,058,303$790,677$1,889,077
81$2,733,813$1,061,488$768,493$1,999,736
82$2,962,457$1,063,296$744,033$2,120,201
83$3,212,841$1,063,611$717,172$2,251,473
84$3,487,133$1,062,310$687,779$2,394,656
85$3,787,720$1,059,263$655,720$2,550,969
86$4,117,232$1,054,331$620,850$2,721,757
87$4,478,563$1,047,367$583,022$2,908,504
88$4,874,903$1,038,215$542,081$3,112,851
89$5,309,766$1,026,710$497,862$3,336,606
90$5,787,019$1,012,676$450,198$3,581,767
91$6,310,925$995,927$398,910$3,850,538
92$6,886,179$976,267$343,813$4,145,350
93$7,517,953$953,488$284,714$4,468,887
94$8,211,943$927,367$221,411$4,824,112
95$8,974,425$897,673$153,692$5,214,292
96$9,812,314$864,156$81,339$5,643,033
97$10,733,226$826,556$4,120$6,114,314
98$11,745,553$784,595$0$6,632,525
99$12,858,540$737,981$0$7,215,038
100$14,082,372$686,403$0$7,856,185