Can I retire at age 67 with 899,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$74,239$73,577$72,932$72,302$71,688$70,821
2 years$36,752$36,067$35,404$34,761$34,137$33,265
3 years$24,258$23,570$22,909$22,272$21,658$20,807
4 years$18,012$17,327$16,672$16,045$15,447$14,624
5 years$14,266$13,584$12,938$12,324$11,742$10,950
6 years$11,769$11,093$10,456$9,856$9,291$8,531
7 years$9,986$9,316$8,689$8,103$7,556$6,828
8 years$8,650$7,985$7,369$6,797$6,269$5,572
9 years$7,611$6,953$6,347$5,790$5,279$4,614
10 years$6,780$6,128$5,533$4,991$4,498$3,864
11 years$6,101$5,456$4,871$4,344$3,868$3,264
12 years$5,535$4,897$4,323$3,810$3,352$2,778
13 years$5,057$4,425$3,862$3,364$2,923$2,378
14 years$4,647$4,022$3,470$2,986$2,563$2,045
15 years$4,293$3,675$3,133$2,663$2,256$1,767
16 years$3,983$3,371$2,841$2,384$1,994$1,531
17 years$3,710$3,105$2,585$2,142$1,768$1,330
18 years$3,467$2,869$2,360$1,931$1,572$1,159
19 years$3,250$2,659$2,160$1,744$1,401$1,012
20 years$3,055$2,471$1,983$1,580$1,252$885
21 years$2,879$2,302$1,824$1,434$1,120$775
22 years$2,719$2,148$1,681$1,304$1,004$680
23 years$2,574$2,009$1,552$1,187$901$597
24 years$2,440$1,883$1,435$1,083$810$525
25 years$2,318$1,767$1,329$989$729$462
26 years$2,205$1,660$1,233$904$657$407
27 years$2,100$1,563$1,145$828$592$359
28 years$2,004$1,473$1,064$758$534$316
29 years$1,914$1,389$990$695$482$279
30 years$1,830$1,312$923$638$436$246
31 years$1,752$1,240$860$586$394$217
32 years$1,679$1,173$802$539$356$192
33 years$1,610$1,111$749$495$323$170
34 years$1,546$1,053$700$456$292$150
35 years$1,485$999$654$420$265$133
36 years$1,428$948$612$386$240$117
37 years$1,374$901$573$356$217$104
38 years$1,323$856$537$328$197$92
39 years$1,275$814$503$303$179$81
40 years$1,229$774$471$279$162$72
41 years$1,186$737$442$258$147$64
42 years$1,145$702$415$238$133$56
43 years$1,105$669$389$219$121$50
44 years$1,068$638$365$203$110$44
45 years$1,033$608$343$187$100$39
46 years$999$580$322$173$91$35
47 years$966$553$302$160$82$31
48 years$936$528$284$148$75$27
49 years$906$505$267$136$68$24
50 years$878$482$251$126$62$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $899,000, adding $4,560 every year, while hoping to spend $53,658 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: 81/6/13 Blend
66$899,000$899,000$899,000$899,000
67$995,402$947,755$933,820$1,073,208
68$1,039,841$937,103$908,011$1,114,293
69$1,087,015$924,131$879,540$1,151,921
70$1,137,145$908,668$848,259$1,191,660
71$1,190,475$890,534$814,017$1,233,693
72$1,247,271$869,538$776,655$1,278,227
73$1,307,825$845,477$736,004$1,325,485
74$1,372,455$818,137$691,892$1,375,716
75$1,441,510$787,292$644,136$1,429,194
76$1,515,375$752,700$592,545$1,486,220
77$1,594,470$714,108$536,922$1,547,126
78$1,679,255$671,249$477,058$1,612,280
79$1,770,235$623,836$412,736$1,682,085
80$1,867,966$571,571$343,729$1,756,988
81$1,973,056$514,136$269,802$1,837,481
82$2,086,174$451,195$190,706$1,924,106
83$2,208,054$382,393$106,185$2,017,462
84$2,339,502$307,357$15,969$2,118,209
85$2,481,404$225,690$0$2,227,074
86$2,634,733$136,974$0$2,356,002
87$2,800,558$40,769$0$2,497,827
88$2,980,056$0$0$2,651,350
89$3,174,518$0$0$2,821,880
90$3,385,367$0$0$3,009,717
91$3,614,164$0$0$3,213,564
92$3,862,628$0$0$3,434,954
93$4,132,649$0$0$3,675,574
94$4,426,308$0$0$3,937,280
95$4,745,892$0$0$4,222,115
96$5,093,919$0$0$4,532,325
97$5,473,159$0$0$4,870,382
98$5,886,661$0$0$5,239,007
99$6,337,780$0$0$5,641,195
100$6,830,210$0$0$6,080,243