Can I retire at age 67 with 889,000?

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 $889,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$73,413$72,759$72,121$71,498$70,890$69,008
2 years$36,343$35,666$35,010$34,374$33,757$31,875
3 years$23,988$23,308$22,654$22,024$21,417$19,592
4 years$17,812$17,134$16,486$15,867$15,275$13,522
5 years$14,107$13,433$12,794$12,187$11,612$9,936
6 years$11,638$10,969$10,339$9,746$9,188$7,590
7 years$9,875$9,212$8,592$8,013$7,472$5,953
8 years$8,553$7,896$7,287$6,722$6,199$4,758
9 years$7,526$6,875$6,276$5,726$5,220$3,856
10 years$6,705$6,060$5,472$4,935$4,448$3,158
11 years$6,033$5,395$4,817$4,295$3,825$2,608
12 years$5,474$4,842$4,275$3,768$3,315$2,169
13 years$5,001$4,376$3,820$3,326$2,891$1,813
14 years$4,596$3,978$3,432$2,953$2,534$1,522
15 years$4,245$3,634$3,099$2,633$2,231$1,282
16 years$3,939$3,334$2,809$2,358$1,972$1,083
17 years$3,668$3,070$2,556$2,118$1,748$917
18 years$3,429$2,837$2,334$1,909$1,555$778
19 years$3,214$2,629$2,136$1,725$1,386$662
20 years$3,021$2,443$1,961$1,562$1,238$563
21 years$2,847$2,276$1,803$1,418$1,108$480
22 years$2,689$2,124$1,662$1,289$993$410
23 years$2,545$1,987$1,535$1,174$891$350
24 years$2,413$1,862$1,419$1,071$801$299
25 years$2,292$1,747$1,315$978$721$256
26 years$2,180$1,642$1,219$894$649$219
27 years$2,077$1,545$1,132$819$585$187
28 years$1,981$1,456$1,052$750$528$160
29 years$1,892$1,374$979$688$477$137
30 years$1,810$1,297$912$631$431$118
31 years$1,732$1,226$850$580$390$101
32 years$1,660$1,160$793$533$352$87
33 years$1,592$1,099$741$490$319$74
34 years$1,528$1,042$692$451$289$64
35 years$1,468$988$647$415$262$55
36 years$1,412$938$605$382$237$47
37 years$1,359$891$567$352$215$40
38 years$1,308$846$531$325$195$34
39 years$1,261$805$497$299$177$30
40 years$1,215$766$466$276$160$25
41 years$1,173$729$437$255$145$22
42 years$1,132$694$410$235$132$19
43 years$1,093$661$385$217$120$16
44 years$1,056$630$361$200$109$14
45 years$1,021$601$339$185$99$12
46 years$988$573$318$171$90$10
47 years$956$547$299$158$81$9
48 years$925$522$281$146$74$7
49 years$896$499$264$135$67$6
50 years$868$477$248$125$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $889,000, adding $5,475 every year, while hoping to spend $48,443 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: 48/28/24 Blend
66$889,000$889,000$889,000$889,000
67$985,325$938,208$924,429$1,025,664
68$1,034,286$932,638$903,854$1,048,867
69$1,086,616$925,170$880,967$1,068,793
70$1,142,610$915,662$855,638$1,089,454
71$1,202,587$903,961$827,733$1,110,943
72$1,266,900$889,904$797,111$1,133,364
73$1,335,935$873,321$763,626$1,156,834
74$1,410,116$854,029$727,122$1,181,486
75$1,489,907$831,836$687,441$1,207,470
76$1,575,820$806,538$644,412$1,234,954
77$1,668,415$777,920$597,862$1,264,128
78$1,768,309$745,753$547,605$1,295,206
79$1,876,178$709,796$493,451$1,328,427
80$1,992,765$669,794$435,199$1,364,060
81$2,118,889$625,475$372,640$1,402,407
82$2,255,448$576,556$305,555$1,443,805
83$2,403,429$522,732$233,717$1,488,630
84$2,563,919$463,687$156,887$1,537,306
85$2,738,112$399,081$74,816$1,590,303
86$2,927,322$328,558$0$1,648,147
87$3,132,994$251,743$0$1,714,695
88$3,356,718$168,237$0$1,807,989
89$3,600,242$77,619$0$1,909,653
90$3,865,492$0$0$2,020,572
91$4,154,586$0$0$2,148,062
92$4,469,853$0$0$2,313,265
93$4,813,860$0$0$2,493,621
94$5,189,430$0$0$2,690,622
95$5,599,672$0$0$2,905,911
96$6,048,008$0$0$3,141,296
97$6,538,204$0$0$3,398,768
98$7,074,410$0$0$3,680,519
99$7,661,192$0$0$3,988,964
100$8,303,579$0$0$4,326,761