Can I retire at age 67 with 893,000?

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 $893,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$73,743$73,086$72,445$71,820$71,209$68,737
2 years$36,506$35,827$35,168$34,529$33,909$31,444
3 years$24,096$23,413$22,756$22,123$21,513$19,133
4 years$17,892$17,211$16,560$15,938$15,343$13,066
5 years$14,170$13,494$12,852$12,242$11,664$9,495
6 years$11,690$11,019$10,386$9,790$9,229$7,171
7 years$9,919$9,253$8,631$8,049$7,506$5,557
8 years$8,592$7,932$7,320$6,752$6,227$4,387
9 years$7,560$6,906$6,304$5,751$5,244$3,510
10 years$6,735$6,087$5,496$4,958$4,468$2,837
11 years$6,060$5,419$4,839$4,315$3,843$2,312
12 years$5,498$4,864$4,294$3,785$3,330$1,896
13 years$5,023$4,396$3,837$3,341$2,904$1,562
14 years$4,616$3,996$3,447$2,966$2,545$1,292
15 years$4,264$3,650$3,112$2,645$2,241$1,073
16 years$3,956$3,349$2,822$2,368$1,981$893
17 years$3,685$3,084$2,568$2,128$1,756$744
18 years$3,444$2,850$2,344$1,918$1,562$622
19 years$3,229$2,641$2,146$1,733$1,392$521
20 years$3,035$2,454$1,969$1,569$1,243$436
21 years$2,860$2,286$1,811$1,424$1,113$366
22 years$2,701$2,134$1,670$1,295$997$307
23 years$2,557$1,996$1,542$1,179$895$258
24 years$2,424$1,870$1,426$1,076$805$217
25 years$2,302$1,755$1,320$982$724$182
26 years$2,190$1,649$1,225$898$652$153
27 years$2,086$1,552$1,137$822$588$129
28 years$1,990$1,463$1,057$753$531$109
29 years$1,901$1,380$984$691$479$91
30 years$1,818$1,303$916$634$433$77
31 years$1,740$1,232$854$582$391$65
32 years$1,667$1,166$797$535$354$55
33 years$1,599$1,104$744$492$320$46
34 years$1,535$1,046$695$453$290$39
35 years$1,475$992$650$417$263$33
36 years$1,418$942$608$384$238$28
37 years$1,365$895$569$354$216$23
38 years$1,314$850$533$326$196$20
39 years$1,266$808$499$301$177$17
40 years$1,221$769$468$277$161$14
41 years$1,178$732$439$256$146$12
42 years$1,137$697$412$236$132$10
43 years$1,098$664$386$218$120$8
44 years$1,061$633$363$201$109$7
45 years$1,026$604$341$186$99$6
46 years$992$576$320$172$90$5
47 years$960$550$300$159$82$4
48 years$929$525$282$147$74$4
49 years$900$501$265$135$67$3
50 years$872$479$250$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $893,000, adding $2,909 every year, while hoping to spend $28,358 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: 42/30/28 Blend
66$893,000$893,000$893,000$893,000
67$987,087$939,758$925,916$1,020,346
68$1,057,597$955,633$926,762$1,060,441
69$1,134,349$971,336$926,685$1,100,948
70$1,217,949$986,828$925,625$1,144,276
71$1,309,065$1,002,068$923,519$1,190,702
72$1,408,431$1,017,011$920,299$1,240,534
73$1,516,857$1,031,611$915,895$1,294,110
74$1,635,233$1,045,816$910,234$1,351,805
75$1,764,538$1,059,572$903,238$1,414,034
76$1,905,852$1,072,822$894,827$1,481,254
77$2,060,361$1,085,503$884,917$1,553,972
78$2,229,374$1,097,548$873,417$1,632,745
79$2,414,330$1,108,888$860,237$1,718,191
80$2,616,815$1,119,447$845,278$1,810,993
81$2,838,574$1,129,144$828,439$1,911,903
82$3,081,530$1,137,894$809,613$2,021,754
83$3,347,801$1,145,605$788,690$2,141,464
84$3,639,718$1,152,181$765,552$2,272,050
85$3,959,849$1,157,518$740,078$2,414,632
86$4,311,023$1,161,506$712,140$2,570,448
87$4,696,356$1,164,028$681,606$2,740,864
88$5,119,280$1,164,961$648,335$2,927,390
89$5,583,575$1,164,172$612,182$3,131,693
90$6,093,405$1,161,522$572,995$3,355,610
91$6,653,356$1,156,861$530,615$3,601,174
92$7,268,484$1,150,032$484,876$3,870,624
93$7,944,354$1,140,868$435,604$4,166,435
94$8,687,098$1,129,191$382,617$4,491,337
95$9,503,474$1,114,814$325,727$4,848,344
96$10,400,925$1,097,536$264,735$5,240,779
97$11,387,650$1,077,146$199,434$5,672,314
98$12,472,685$1,053,421$129,610$6,146,996
99$13,665,984$1,026,123$55,037$6,669,293
100$14,978,514$995,002$0$7,244,134