Can I retire at age 67 with 896,000?

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 $896,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$73,991$73,332$72,689$72,061$71,448$69,749
2 years$36,629$35,947$35,286$34,645$34,023$32,321
3 years$24,177$23,492$22,832$22,197$21,586$19,934
4 years$17,952$17,269$16,616$15,992$15,395$13,807
5 years$14,218$13,539$12,895$12,283$11,703$10,182
6 years$11,729$11,056$10,421$9,823$9,260$7,809
7 years$9,953$9,285$8,660$8,076$7,531$6,149
8 years$8,621$7,959$7,344$6,775$6,248$4,934
9 years$7,585$6,929$6,326$5,771$5,261$4,016
10 years$6,757$6,108$5,515$4,974$4,483$3,304
11 years$6,080$5,437$4,855$4,329$3,856$2,741
12 years$5,517$4,880$4,309$3,797$3,341$2,289
13 years$5,040$4,410$3,850$3,352$2,914$1,922
14 years$4,632$4,009$3,459$2,976$2,554$1,621
15 years$4,279$3,662$3,123$2,654$2,249$1,373
16 years$3,970$3,360$2,831$2,376$1,987$1,166
17 years$3,697$3,094$2,576$2,135$1,762$992
18 years$3,456$2,859$2,352$1,924$1,567$846
19 years$3,239$2,650$2,153$1,739$1,397$723
20 years$3,045$2,463$1,976$1,575$1,247$619
21 years$2,870$2,294$1,818$1,429$1,116$531
22 years$2,710$2,141$1,675$1,299$1,001$455
23 years$2,565$2,003$1,547$1,183$898$391
24 years$2,432$1,876$1,430$1,079$807$336
25 years$2,310$1,761$1,325$986$726$289
26 years$2,197$1,655$1,229$901$654$249
27 years$2,093$1,557$1,141$825$590$214
28 years$1,997$1,468$1,061$756$532$184
29 years$1,907$1,384$987$693$481$159
30 years$1,824$1,308$919$636$434$137
31 years$1,746$1,236$857$584$393$118
32 years$1,673$1,170$800$537$355$102
33 years$1,605$1,108$747$494$321$88
34 years$1,540$1,050$698$454$291$76
35 years$1,480$996$652$418$264$65
36 years$1,423$945$610$385$239$56
37 years$1,369$898$571$355$216$49
38 years$1,319$853$535$327$196$42
39 years$1,271$811$501$302$178$36
40 years$1,225$772$470$278$161$31
41 years$1,182$735$440$257$146$27
42 years$1,141$700$413$237$133$23
43 years$1,102$667$388$219$121$20
44 years$1,065$635$364$202$109$17
45 years$1,029$606$342$186$99$15
46 years$995$578$321$172$90$13
47 years$963$552$301$159$82$11
48 years$932$527$283$147$74$10
49 years$903$503$266$136$68$8
50 years$875$480$250$126$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $896,000, adding $3,561 every year, while hoping to spend $41,830 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: 61/31/8 Blend
66$896,000$896,000$896,000$896,000
67$991,065$943,577$929,689$1,049,628
68$1,047,647$945,306$916,327$1,090,980
69$1,108,598$945,717$901,115$1,130,941
70$1,174,320$944,702$883,948$1,173,487
71$1,245,255$942,146$864,713$1,218,868
72$1,321,885$937,926$843,296$1,267,361
73$1,404,745$931,912$819,574$1,319,271
74$1,494,420$923,966$793,420$1,374,937
75$1,591,552$913,942$764,702$1,434,733
76$1,696,851$901,685$733,279$1,499,072
77$1,811,092$887,031$699,007$1,568,412
78$1,935,134$869,805$661,734$1,643,260
79$2,069,915$849,824$621,300$1,724,176
80$2,216,473$826,891$577,539$1,811,777
81$2,375,945$800,801$530,279$1,906,748
82$2,549,585$771,334$479,337$2,009,847
83$2,738,773$738,259$424,525$2,121,908
84$2,945,025$701,331$365,643$2,243,856
85$3,170,012$660,291$302,487$2,376,714
86$3,415,572$614,864$234,839$2,521,609
87$3,683,729$564,761$162,475$2,679,790
88$3,976,712$509,677$85,160$2,852,636
89$4,296,971$449,286$2,648$3,041,669
90$4,647,208$383,247$0$3,248,572
91$5,030,395$311,198$0$3,482,496
92$5,449,807$232,758$0$3,738,917
93$5,909,047$147,523$0$4,019,902
94$6,412,086$55,067$0$4,327,981
95$6,963,294$0$0$4,665,947
96$7,567,487$0$0$5,052,251
97$8,229,967$0$0$5,496,488
98$8,956,573$0$0$5,983,797
99$9,753,738$0$0$6,518,502
100$10,628,547$0$0$7,105,365