Can I retire at age 67 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$73,495$72,841$72,202$71,579$70,970$70,258
2 years$36,384$35,706$35,050$34,413$33,795$33,078
3 years$24,015$23,334$22,679$22,049$21,441$20,741
4 years$17,832$17,153$16,505$15,885$15,292$14,615
5 years$14,123$13,448$12,808$12,201$11,625$10,972
6 years$11,651$10,982$10,351$9,757$9,198$8,571
7 years$9,886$9,222$8,602$8,022$7,481$6,879
8 years$8,563$7,905$7,295$6,729$6,206$5,629
9 years$7,534$6,883$6,283$5,732$5,226$4,675
10 years$6,712$6,067$5,478$4,941$4,453$3,927
11 years$6,040$5,401$4,823$4,300$3,830$3,328
12 years$5,480$4,848$4,280$3,772$3,319$2,841
13 years$5,006$4,381$3,824$3,330$2,894$2,440
14 years$4,601$3,982$3,436$2,956$2,537$2,106
15 years$4,250$3,638$3,102$2,636$2,234$1,825
16 years$3,943$3,338$2,812$2,360$1,974$1,587
17 years$3,673$3,074$2,559$2,121$1,750$1,384
18 years$3,432$2,840$2,336$1,911$1,556$1,210
19 years$3,218$2,632$2,139$1,727$1,387$1,060
20 years$3,025$2,446$1,963$1,564$1,239$931
21 years$2,851$2,278$1,805$1,420$1,109$819
22 years$2,692$2,127$1,664$1,291$994$721
23 years$2,548$1,989$1,536$1,175$892$635
24 years$2,416$1,864$1,421$1,072$802$561
25 years$2,295$1,749$1,316$979$722$495
26 years$2,183$1,644$1,221$895$650$438
27 years$2,079$1,547$1,133$819$586$388
28 years$1,984$1,458$1,054$751$529$343
29 years$1,895$1,375$980$688$477$304
30 years$1,812$1,299$913$632$431$269
31 years$1,734$1,228$851$580$390$239
32 years$1,662$1,162$794$533$353$212
33 years$1,594$1,100$742$490$319$188
34 years$1,530$1,043$693$451$289$167
35 years$1,470$989$648$415$262$148
36 years$1,414$939$606$383$237$132
37 years$1,360$892$567$352$215$117
38 years$1,310$847$531$325$195$104
39 years$1,262$806$498$300$177$92
40 years$1,217$767$467$276$160$82
41 years$1,174$730$437$255$145$73
42 years$1,133$695$410$235$132$65
43 years$1,094$662$385$217$120$58
44 years$1,057$631$361$201$109$51
45 years$1,022$602$339$185$99$45
46 years$989$574$319$171$90$40
47 years$957$548$299$158$81$36
48 years$926$523$281$146$74$32
49 years$897$499$265$135$67$28
50 years$869$477$249$125$61$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $890,000, adding $5,467 every year, while hoping to spend $44,418 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: 46/47/7 Blend
66$890,000$890,000$890,000$890,000
67$986,419$939,249$925,454$1,029,658
68$1,039,774$938,012$909,197$1,058,743
69$1,097,081$935,225$890,905$1,085,204
70$1,158,699$930,767$870,466$1,112,873
71$1,225,018$924,506$847,758$1,141,876
72$1,296,467$916,304$822,655$1,172,353
73$1,373,519$906,015$795,026$1,204,463
74$1,456,691$893,483$764,734$1,238,380
75$1,546,554$878,545$731,633$1,274,303
76$1,643,734$861,024$695,573$1,312,452
77$1,748,917$840,737$656,398$1,353,074
78$1,862,862$817,488$613,942$1,396,443
79$1,986,399$791,070$568,034$1,442,867
80$2,120,442$761,264$518,494$1,492,688
81$2,265,998$727,837$465,135$1,546,289
82$2,424,173$690,544$407,760$1,604,094
83$2,596,184$649,125$346,165$1,666,580
84$2,783,369$603,307$280,136$1,734,272
85$2,987,202$552,798$209,449$1,807,760
86$3,209,303$497,292$133,873$1,887,696
87$3,451,457$436,464$53,163$1,974,808
88$3,715,628$369,973$0$2,069,904
89$4,003,975$297,455$0$2,176,345
90$4,318,879$218,528$0$2,297,062
91$4,662,957$132,789$0$2,429,210
92$5,039,093$39,810$0$2,574,040
93$5,450,462$0$0$2,732,938
94$5,900,557$0$0$2,938,917
95$6,393,228$0$0$3,187,018
96$6,932,712$0$0$3,458,797
97$7,523,676$0$0$3,756,619
98$8,171,258$0$0$4,083,087
99$8,881,119$0$0$4,441,069
100$9,659,493$0$0$4,833,722