Can I retire at age 67 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$73,908$73,250$72,608$71,981$71,369$70,565
2 years$36,588$35,907$35,246$34,606$33,985$33,176
3 years$24,150$23,466$22,807$22,172$21,561$20,772
4 years$17,932$17,250$16,597$15,974$15,378$14,614
5 years$14,202$13,524$12,880$12,270$11,690$10,954
6 years$11,716$11,043$10,409$9,812$9,250$8,543
7 years$9,942$9,274$8,650$8,067$7,523$6,845
8 years$8,611$7,950$7,336$6,767$6,241$5,592
9 years$7,577$6,922$6,318$5,764$5,256$4,636
10 years$6,750$6,101$5,509$4,969$4,478$3,887
11 years$6,074$5,431$4,850$4,324$3,851$3,288
12 years$5,511$4,875$4,304$3,793$3,337$2,802
13 years$5,035$4,406$3,845$3,349$2,910$2,402
14 years$4,627$4,004$3,455$2,973$2,551$2,068
15 years$4,274$3,658$3,119$2,651$2,246$1,789
16 years$3,965$3,356$2,828$2,374$1,985$1,552
17 years$3,693$3,091$2,574$2,133$1,760$1,351
18 years$3,452$2,856$2,349$1,922$1,565$1,179
19 years$3,236$2,647$2,151$1,737$1,395$1,031
20 years$3,042$2,460$1,974$1,573$1,246$903
21 years$2,867$2,291$1,816$1,428$1,115$792
22 years$2,707$2,139$1,673$1,298$1,000$696
23 years$2,562$2,000$1,545$1,182$897$612
24 years$2,429$1,874$1,429$1,078$806$539
25 years$2,307$1,759$1,323$985$726$475
26 years$2,195$1,653$1,227$900$654$419
27 years$2,091$1,556$1,140$824$589$370
28 years$1,995$1,466$1,060$755$532$327
29 years$1,905$1,383$986$692$480$289
30 years$1,822$1,306$918$635$434$255
31 years$1,744$1,235$856$584$392$226
32 years$1,671$1,168$799$536$355$200
33 years$1,603$1,106$746$493$321$177
34 years$1,539$1,049$697$454$291$156
35 years$1,478$995$652$418$263$139
36 years$1,421$944$610$385$239$123
37 years$1,368$897$571$354$216$109
38 years$1,317$852$534$327$196$96
39 years$1,269$810$501$301$178$85
40 years$1,224$771$469$278$161$76
41 years$1,180$734$440$256$146$67
42 years$1,139$699$413$237$133$59
43 years$1,100$666$387$218$120$53
44 years$1,063$635$363$202$109$47
45 years$1,028$605$341$186$99$41
46 years$994$577$321$172$90$37
47 years$962$551$301$159$82$33
48 years$931$526$283$147$74$29
49 years$902$502$266$136$68$26
50 years$874$480$250$125$61$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $895,000, adding $6,398 every year, while hoping to spend $39,637 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: 55/18/27 Blend
66$895,000$895,000$895,000$895,000
67$992,890$945,455$931,582$1,039,776
68$1,051,991$949,608$920,617$1,076,929
69$1,115,792$952,637$907,955$1,112,736
70$1,184,730$954,444$893,500$1,150,929
71$1,259,287$954,926$877,146$1,191,750
72$1,339,991$953,974$858,787$1,235,469
73$1,427,422$951,471$838,308$1,282,386
74$1,522,220$947,294$815,593$1,332,830
75$1,625,088$941,312$790,516$1,387,170
76$1,736,797$933,387$762,949$1,445,810
77$1,858,198$923,371$732,755$1,509,200
78$1,990,226$911,108$699,794$1,577,839
79$2,133,909$896,432$663,917$1,652,277
80$2,290,379$879,169$624,970$1,733,124
81$2,460,882$859,132$582,791$1,821,055
82$2,646,788$836,125$537,210$1,916,816
83$2,849,605$809,940$488,052$2,021,234
84$3,070,995$780,357$435,131$2,135,222
85$3,312,784$747,142$378,256$2,259,789
86$3,576,985$710,049$317,224$2,396,053
87$3,865,813$668,817$251,826$2,545,249
88$4,181,706$623,170$181,843$2,708,742
89$4,527,350$572,815$107,045$2,888,039
90$4,905,702$517,446$27,194$3,084,810
91$5,320,018$456,734$0$3,300,895
92$5,773,883$390,337$0$3,555,047
93$6,271,245$317,890$0$3,842,246
94$6,816,454$239,009$0$4,157,211
95$7,414,299$153,287$0$4,502,768
96$8,070,055$60,295$0$4,882,034
97$8,789,532$0$0$5,298,443
98$9,579,130$0$0$5,763,789
99$10,445,898$0$0$6,287,811
100$11,397,603$0$0$6,863,270