Can I retire at age 67 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$73,661$73,004$72,364$71,739$71,129$69,836
2 years$36,466$35,786$35,128$34,490$33,871$32,573
3 years$24,069$23,387$22,730$22,098$21,489$20,226
4 years$17,872$17,192$16,542$15,920$15,326$14,108
5 years$14,154$13,479$12,837$12,228$11,651$10,482
6 years$11,677$11,006$10,374$9,779$9,219$8,100
7 years$9,908$9,243$8,621$8,040$7,497$6,428
8 years$8,582$7,923$7,311$6,745$6,220$5,201
9 years$7,551$6,898$6,297$5,745$5,238$4,268
10 years$6,727$6,081$5,490$4,952$4,463$3,542
11 years$6,053$5,413$4,833$4,310$3,838$2,965
12 years$5,492$4,859$4,290$3,780$3,326$2,499
13 years$5,018$4,391$3,832$3,337$2,901$2,118
14 years$4,611$3,991$3,443$2,963$2,543$1,804
15 years$4,259$3,646$3,109$2,642$2,239$1,542
16 years$3,952$3,345$2,819$2,366$1,979$1,322
17 years$3,681$3,081$2,565$2,126$1,754$1,137
18 years$3,440$2,847$2,341$1,916$1,560$980
19 years$3,225$2,638$2,143$1,731$1,390$846
20 years$3,032$2,452$1,967$1,568$1,242$732
21 years$2,857$2,284$1,809$1,423$1,111$634
22 years$2,698$2,132$1,668$1,294$996$550
23 years$2,554$1,994$1,540$1,178$894$477
24 years$2,421$1,868$1,424$1,075$804$415
25 years$2,300$1,753$1,319$981$723$361
26 years$2,188$1,648$1,223$897$651$314
27 years$2,084$1,551$1,136$821$587$273
28 years$1,988$1,461$1,056$752$530$238
29 years$1,899$1,378$983$690$479$207
30 years$1,816$1,302$915$633$432$181
31 years$1,738$1,231$853$582$391$158
32 years$1,666$1,164$796$535$354$138
33 years$1,597$1,103$743$492$320$120
34 years$1,534$1,045$695$452$290$105
35 years$1,473$991$649$416$262$92
36 years$1,417$941$607$383$238$80
37 years$1,363$894$569$353$216$70
38 years$1,313$849$532$326$195$61
39 years$1,265$807$499$300$177$53
40 years$1,220$768$468$277$161$46
41 years$1,176$731$438$255$146$41
42 years$1,136$696$411$236$132$35
43 years$1,097$664$386$218$120$31
44 years$1,060$633$362$201$109$27
45 years$1,025$603$340$186$99$24
46 years$991$575$319$171$90$21
47 years$959$549$300$158$82$18
48 years$928$524$282$146$74$16
49 years$899$501$265$135$67$14
50 years$871$478$249$125$61$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $892,000, adding $6,770 every year, while hoping to spend $25,302 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: 60/33/7 Blend
66$892,000$892,000$892,000$892,000
67$989,967$942,691$928,865$1,047,540
68$1,064,023$961,962$933,061$1,106,183
69$1,144,784$981,329$936,550$1,166,606
70$1,232,908$1,000,770$939,280$1,231,871
71$1,329,119$1,020,262$941,200$1,302,444
72$1,434,212$1,039,778$942,253$1,378,837
73$1,549,064$1,059,290$942,382$1,461,618
74$1,674,642$1,078,768$941,524$1,551,410
75$1,812,007$1,098,179$939,617$1,648,898
76$1,962,329$1,117,488$936,592$1,754,841
77$2,126,898$1,136,655$932,379$1,870,071
78$2,307,131$1,155,642$926,903$1,995,507
79$2,504,592$1,174,401$920,088$2,132,161
80$2,721,001$1,192,888$911,852$2,281,150
81$2,958,254$1,211,050$902,109$2,443,701
82$3,218,437$1,228,832$890,771$2,621,171
83$3,503,850$1,246,177$877,744$2,815,052
84$3,817,024$1,263,022$862,930$3,026,990
85$4,160,749$1,279,299$846,227$3,258,799
86$4,538,098$1,294,937$827,528$3,512,477
87$4,952,454$1,309,859$806,720$3,790,227
88$5,407,546$1,323,983$783,687$4,094,479
89$5,907,480$1,337,223$758,305$4,427,908
90$6,456,781$1,349,485$730,446$4,793,465
91$7,060,434$1,360,670$699,977$5,194,401
92$7,723,928$1,370,673$666,756$5,634,301
93$8,453,313$1,379,381$630,637$6,117,114
94$9,255,254$1,386,674$591,466$6,647,195
95$10,137,094$1,392,425$549,084$7,229,344
96$11,106,922$1,396,498$503,324$7,868,850
97$12,173,652$1,398,751$454,009$8,571,545
98$13,347,104$1,399,029$400,957$9,343,856
99$14,638,098$1,397,170$343,979$10,192,867
100$16,058,555$1,393,003$282,873$11,126,387