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%14.2%
1 years$73,495$72,841$72,202$71,579$70,970$69,737
2 years$36,384$35,706$35,050$34,413$33,795$32,557
3 years$24,015$23,334$22,679$22,049$21,441$20,236
4 years$17,832$17,153$16,505$15,885$15,292$14,130
5 years$14,123$13,448$12,808$12,201$11,625$10,508
6 years$11,651$10,982$10,351$9,757$9,198$8,129
7 years$9,886$9,222$8,602$8,022$7,481$6,459
8 years$8,563$7,905$7,295$6,729$6,206$5,232
9 years$7,534$6,883$6,283$5,732$5,226$4,299
10 years$6,712$6,067$5,478$4,941$4,453$3,571
11 years$6,040$5,401$4,823$4,300$3,830$2,993
12 years$5,480$4,848$4,280$3,772$3,319$2,526
13 years$5,006$4,381$3,824$3,330$2,894$2,144
14 years$4,601$3,982$3,436$2,956$2,537$1,828
15 years$4,250$3,638$3,102$2,636$2,234$1,565
16 years$3,943$3,338$2,812$2,360$1,974$1,344
17 years$3,673$3,074$2,559$2,121$1,750$1,157
18 years$3,432$2,840$2,336$1,911$1,556$999
19 years$3,218$2,632$2,139$1,727$1,387$864
20 years$3,025$2,446$1,963$1,564$1,239$748
21 years$2,851$2,278$1,805$1,420$1,109$649
22 years$2,692$2,127$1,664$1,291$994$564
23 years$2,548$1,989$1,536$1,175$892$490
24 years$2,416$1,864$1,421$1,072$802$427
25 years$2,295$1,749$1,316$979$722$372
26 years$2,183$1,644$1,221$895$650$324
27 years$2,079$1,547$1,133$819$586$282
28 years$1,984$1,458$1,054$751$529$246
29 years$1,895$1,375$980$688$477$215
30 years$1,812$1,299$913$632$431$188
31 years$1,734$1,228$851$580$390$164
32 years$1,662$1,162$794$533$353$143
33 years$1,594$1,100$742$490$319$125
34 years$1,530$1,043$693$451$289$110
35 years$1,470$989$648$415$262$96
36 years$1,414$939$606$383$237$84
37 years$1,360$892$567$352$215$73
38 years$1,310$847$531$325$195$64
39 years$1,262$806$498$300$177$56
40 years$1,217$767$467$276$160$49
41 years$1,174$730$437$255$145$43
42 years$1,133$695$410$235$132$38
43 years$1,094$662$385$217$120$33
44 years$1,057$631$361$201$109$29
45 years$1,022$602$339$185$99$25
46 years$989$574$319$171$90$22
47 years$957$548$299$158$81$19
48 years$926$523$281$146$74$17
49 years$897$499$265$135$67$15
50 years$869$477$249$125$61$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $890,000, adding $4,507 every year, while hoping to spend $34,084 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: 61/11/28 Blend
66$890,000$890,000$890,000$890,000
67$985,429$938,259$924,464$1,037,854
68$1,049,678$947,969$919,168$1,083,781
69$1,119,337$957,012$912,553$1,129,825
70$1,194,924$965,319$904,538$1,179,366
71$1,277,005$972,819$895,039$1,232,752
72$1,366,204$979,432$883,967$1,290,370
73$1,463,209$985,076$871,232$1,352,644
74$1,568,774$989,662$856,736$1,420,044
75$1,683,731$993,098$840,379$1,493,089
76$1,808,994$995,282$822,054$1,572,352
77$1,945,570$996,109$801,651$1,658,465
78$2,094,566$995,467$779,055$1,752,126
79$2,257,202$993,235$754,144$1,854,107
80$2,434,821$989,287$726,791$1,965,259
81$2,628,899$983,489$696,865$2,086,521
82$2,841,063$975,697$664,227$2,218,929
83$3,073,105$965,759$628,732$2,363,630
84$3,326,996$953,515$590,228$2,521,886
85$3,604,908$938,796$548,559$2,695,091
86$3,909,231$921,419$503,558$2,884,785
87$4,242,598$901,195$455,053$3,092,665
88$4,607,910$877,920$402,864$3,320,605
89$5,008,360$851,381$346,803$3,570,673
90$5,447,464$821,350$286,673$3,845,151
91$5,929,097$787,588$222,268$4,146,555
92$6,457,525$749,840$153,374$4,477,662
93$7,037,448$707,837$79,767$4,841,536
94$7,674,043$661,297$1,215$5,241,557
95$8,373,012$609,917$0$5,681,453
96$9,140,636$553,380$0$6,190,018
97$9,983,836$491,351$0$6,749,098
98$10,910,234$423,474$0$7,363,412
99$11,928,229$349,374$0$8,038,563
100$13,047,071$268,657$0$8,780,723