Can I retire at age 67 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$73,330$72,677$72,040$71,418$70,810$70,423
2 years$36,302$35,626$34,971$34,335$33,719$33,329
3 years$23,961$23,282$22,628$21,999$21,393$21,011
4 years$17,792$17,115$16,468$15,849$15,258$14,887
5 years$14,091$13,418$12,780$12,174$11,599$11,241
6 years$11,625$10,957$10,328$9,735$9,178$8,833
7 years$9,864$9,202$8,582$8,004$7,464$7,132
8 years$8,544$7,887$7,279$6,714$6,192$5,874
9 years$7,517$6,867$6,269$5,719$5,215$4,909
10 years$6,697$6,053$5,466$4,930$4,443$4,151
11 years$6,026$5,389$4,812$4,291$3,821$3,542
12 years$5,467$4,837$4,270$3,763$3,311$3,045
13 years$4,995$4,371$3,815$3,322$2,888$2,633
14 years$4,591$3,973$3,428$2,949$2,531$2,289
15 years$4,240$3,630$3,095$2,630$2,229$1,998
16 years$3,934$3,330$2,806$2,355$1,970$1,751
17 years$3,664$3,067$2,553$2,116$1,746$1,539
18 years$3,425$2,834$2,331$1,907$1,553$1,356
19 years$3,211$2,626$2,134$1,723$1,384$1,197
20 years$3,018$2,441$1,958$1,561$1,236$1,060
21 years$2,844$2,273$1,801$1,416$1,106$939
22 years$2,686$2,122$1,660$1,288$992$834
23 years$2,542$1,985$1,533$1,173$890$741
24 years$2,410$1,860$1,418$1,070$800$660
25 years$2,289$1,745$1,313$977$720$588
26 years$2,178$1,640$1,218$893$649$524
27 years$2,075$1,544$1,131$818$585$468
28 years$1,979$1,454$1,051$749$528$418
29 years$1,890$1,372$978$687$476$374
30 years$1,808$1,296$911$630$430$334
31 years$1,730$1,225$850$579$389$299
32 years$1,658$1,159$793$532$352$267
33 years$1,590$1,098$740$489$319$240
34 years$1,527$1,040$691$450$288$215
35 years$1,467$987$646$414$261$192
36 years$1,410$937$605$382$237$172
37 years$1,357$890$566$352$215$154
38 years$1,307$845$530$324$195$139
39 years$1,259$804$497$299$176$124
40 years$1,214$765$465$276$160$111
41 years$1,171$728$436$254$145$100
42 years$1,131$693$409$235$132$90
43 years$1,092$661$384$217$120$81
44 years$1,055$630$361$200$108$72
45 years$1,020$600$339$185$98$65
46 years$987$573$318$171$89$58
47 years$955$547$299$158$81$52
48 years$924$522$281$146$74$47
49 years$895$498$264$135$67$42
50 years$867$476$248$124$61$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $888,000, adding $3,865 every year, while hoping to spend $46,171 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: 42/38/20 Blend
66$888,000$888,000$888,000$888,000
67$982,563$935,499$921,735$1,017,929
68$1,033,659$932,213$903,487$1,040,116
69$1,088,419$927,218$883,081$1,059,358
70$1,147,168$920,382$860,395$1,079,244
71$1,210,264$911,565$835,303$1,099,859
72$1,278,096$900,618$807,671$1,121,295
73$1,351,096$887,382$777,362$1,143,661
74$1,429,735$871,691$744,231$1,167,078
75$1,514,531$853,367$708,126$1,191,685
76$1,606,054$832,223$668,888$1,217,637
77$1,704,929$808,059$626,353$1,245,111
78$1,811,843$780,665$580,348$1,274,306
79$1,927,552$749,819$530,691$1,305,445
80$2,052,887$715,285$477,194$1,338,779
81$2,188,762$676,814$419,659$1,374,593
82$2,336,179$634,141$357,882$1,413,202
83$2,496,244$586,989$291,646$1,454,962
84$2,670,172$535,062$220,726$1,500,273
85$2,859,298$478,050$144,890$1,549,580
86$3,065,094$415,621$63,891$1,603,381
87$3,289,177$347,430$0$1,662,235
88$3,533,326$273,107$0$1,731,575
89$3,799,501$192,265$0$1,822,148
90$4,089,858$104,494$0$1,921,139
91$4,406,770$9,361$0$2,029,472
92$4,752,849$0$0$2,148,174
93$5,130,971$0$0$2,317,520
94$5,544,301$0$0$2,507,021
95$5,996,324$0$0$2,714,374
96$6,490,879$0$0$2,941,353
97$7,032,191$0$0$3,189,913
98$7,624,913$0$0$3,462,205
99$8,274,168$0$0$3,760,599
100$8,985,601$0$0$4,087,704