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%11.8%
1 years$73,991$73,332$72,689$72,061$71,448$70,909
2 years$36,629$35,947$35,286$34,645$34,023$33,479
3 years$24,177$23,492$22,832$22,197$21,586$21,054
4 years$17,952$17,269$16,616$15,992$15,395$14,880
5 years$14,218$13,539$12,895$12,283$11,703$11,206
6 years$11,729$11,056$10,421$9,823$9,260$8,782
7 years$9,953$9,285$8,660$8,076$7,531$7,072
8 years$8,621$7,959$7,344$6,775$6,248$5,807
9 years$7,585$6,929$6,326$5,771$5,261$4,840
10 years$6,757$6,108$5,515$4,974$4,483$4,080
11 years$6,080$5,437$4,855$4,329$3,856$3,471
12 years$5,517$4,880$4,309$3,797$3,341$2,974
13 years$5,040$4,410$3,850$3,352$2,914$2,564
14 years$4,632$4,009$3,459$2,976$2,554$2,222
15 years$4,279$3,662$3,123$2,654$2,249$1,933
16 years$3,970$3,360$2,831$2,376$1,987$1,688
17 years$3,697$3,094$2,576$2,135$1,762$1,478
18 years$3,456$2,859$2,352$1,924$1,567$1,298
19 years$3,239$2,650$2,153$1,739$1,397$1,142
20 years$3,045$2,463$1,976$1,575$1,247$1,007
21 years$2,870$2,294$1,818$1,429$1,116$890
22 years$2,710$2,141$1,675$1,299$1,001$787
23 years$2,565$2,003$1,547$1,183$898$697
24 years$2,432$1,876$1,430$1,079$807$618
25 years$2,310$1,761$1,325$986$726$548
26 years$2,197$1,655$1,229$901$654$487
27 years$2,093$1,557$1,141$825$590$433
28 years$1,997$1,468$1,061$756$532$385
29 years$1,907$1,384$987$693$481$343
30 years$1,824$1,308$919$636$434$305
31 years$1,746$1,236$857$584$393$272
32 years$1,673$1,170$800$537$355$243
33 years$1,605$1,108$747$494$321$216
34 years$1,540$1,050$698$454$291$193
35 years$1,480$996$652$418$264$172
36 years$1,423$945$610$385$239$154
37 years$1,369$898$571$355$216$137
38 years$1,319$853$535$327$196$122
39 years$1,271$811$501$302$178$109
40 years$1,225$772$470$278$161$98
41 years$1,182$735$440$257$146$87
42 years$1,141$700$413$237$133$78
43 years$1,102$667$388$219$121$70
44 years$1,065$635$364$202$109$62
45 years$1,029$606$342$186$99$56
46 years$995$578$321$172$90$50
47 years$963$552$301$159$82$44
48 years$932$527$283$147$74$40
49 years$903$503$266$136$68$36
50 years$875$480$250$126$61$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $896,000, adding $4,918 every year, while hoping to spend $45,730 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: 38/46/16 Blend
66$896,000$896,000$896,000$896,000
67$992,465$944,977$931,089$1,025,220
68$1,045,040$942,624$913,624$1,046,795
69$1,101,445$938,624$894,041$1,065,349
70$1,162,022$932,847$872,222$1,084,426
71$1,227,148$925,155$848,040$1,104,097
72$1,297,234$915,405$821,367$1,124,442
73$1,372,734$903,442$792,065$1,145,556
74$1,454,145$889,103$759,991$1,167,544
75$1,542,014$872,215$724,997$1,190,528
76$1,636,941$852,595$686,926$1,214,644
77$1,739,587$830,050$645,616$1,240,048
78$1,850,676$804,374$600,895$1,266,918
79$1,971,006$775,349$552,587$1,295,454
80$2,101,455$742,747$500,504$1,325,880
81$2,242,985$706,324$444,453$1,358,450
82$2,396,657$665,822$384,230$1,393,453
83$2,563,639$620,969$319,624$1,431,209
84$2,745,211$571,478$250,412$1,472,081
85$2,942,787$517,044$176,365$1,516,475
86$3,157,918$457,347$97,241$1,564,846
87$3,392,315$392,046$12,787$1,617,705
88$3,647,857$320,782$0$1,675,622
89$3,926,614$243,176$0$1,752,440
90$4,230,865$158,828$0$1,838,857
91$4,563,117$67,314$0$1,933,532
92$4,926,131$0$0$2,037,407
93$5,322,946$0$0$2,167,629
94$5,756,909$0$0$2,347,421
95$6,231,702$0$0$2,544,250
96$6,751,384$0$0$2,759,814
97$7,320,421$0$0$2,995,980
98$7,943,732$0$0$3,254,808
99$8,626,734$0$0$3,538,564
100$9,375,394$0$0$3,849,742