Can I retire at age 67 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$71,844$71,204$70,579$69,970$69,375$68,679
2 years$35,566$34,904$34,262$33,639$33,036$32,335
3 years$23,475$22,810$22,170$21,553$20,959$20,275
4 years$17,431$16,768$16,134$15,528$14,948$14,286
5 years$13,805$13,146$12,521$11,927$11,363$10,725
6 years$11,389$10,735$10,118$9,538$8,992$8,378
7 years$9,664$9,015$8,408$7,842$7,313$6,724
8 years$8,371$7,728$7,131$6,578$6,066$5,503
9 years$7,365$6,728$6,142$5,603$5,109$4,570
10 years$6,561$5,931$5,355$4,830$4,353$3,839
11 years$5,904$5,280$4,714$4,204$3,744$3,253
12 years$5,357$4,739$4,184$3,687$3,244$2,777
13 years$4,894$4,282$3,738$3,255$2,829$2,385
14 years$4,498$3,893$3,359$2,890$2,480$2,058
15 years$4,154$3,556$3,032$2,577$2,183$1,784
16 years$3,854$3,263$2,749$2,307$1,930$1,551
17 years$3,590$3,005$2,502$2,073$1,711$1,353
18 years$3,355$2,776$2,284$1,868$1,521$1,183
19 years$3,145$2,573$2,091$1,688$1,356$1,036
20 years$2,957$2,391$1,919$1,529$1,211$910
21 years$2,786$2,227$1,765$1,388$1,084$800
22 years$2,632$2,079$1,627$1,262$972$705
23 years$2,491$1,945$1,502$1,149$872$621
24 years$2,362$1,822$1,389$1,048$784$548
25 years$2,243$1,710$1,286$957$705$484
26 years$2,134$1,607$1,193$875$635$428
27 years$2,033$1,512$1,108$801$573$379
28 years$1,939$1,425$1,030$734$517$335
29 years$1,852$1,344$958$673$467$297
30 years$1,771$1,270$893$618$422$263
31 years$1,695$1,200$832$567$381$233
32 years$1,624$1,136$777$521$345$207
33 years$1,558$1,075$725$479$312$184
34 years$1,496$1,019$677$441$283$163
35 years$1,437$967$633$406$256$145
36 years$1,382$918$593$374$232$129
37 years$1,330$872$555$345$210$114
38 years$1,280$828$519$318$191$101
39 years$1,234$788$487$293$173$90
40 years$1,189$749$456$270$157$80
41 years$1,147$713$428$249$142$71
42 years$1,108$679$401$230$129$63
43 years$1,070$647$376$212$117$56
44 years$1,034$617$353$196$106$50
45 years$999$588$332$181$97$44
46 years$967$561$312$167$88$40
47 years$935$536$293$154$80$35
48 years$905$511$275$143$72$31
49 years$877$488$259$132$66$28
50 years$849$466$243$122$60$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $870,000, adding $4,693 every year, while hoping to spend $34,544 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: 30/50/20 Blend
66$870,000$870,000$870,000$870,000
67$963,581$917,471$903,986$986,328
68$1,025,112$925,672$897,515$1,012,205
69$1,091,761$933,118$889,669$1,036,594
70$1,164,014$939,734$880,367$1,062,102
71$1,242,405$945,443$869,520$1,088,846
72$1,327,521$950,160$857,040$1,116,959
73$1,420,008$953,798$842,831$1,146,588
74$1,520,577$956,263$826,795$1,177,897
75$1,630,010$957,453$808,826$1,211,072
76$1,749,166$957,264$788,817$1,246,319
77$1,878,992$955,581$766,654$1,283,867
78$2,020,531$952,286$742,217$1,323,975
79$2,174,927$947,250$715,384$1,366,928
80$2,343,443$940,339$686,023$1,413,046
81$2,527,468$931,409$653,998$1,462,686
82$2,728,531$920,309$619,169$1,516,243
83$2,948,315$906,878$581,385$1,574,160
84$3,188,673$890,946$540,491$1,636,927
85$3,451,647$872,331$496,326$1,705,091
86$3,739,482$850,842$448,720$1,779,260
87$4,054,653$826,277$397,496$1,860,108
88$4,399,884$798,422$342,469$1,948,386
89$4,778,176$767,048$283,446$2,044,927
90$5,192,834$731,917$220,225$2,150,655
91$5,647,495$692,773$152,595$2,266,598
92$6,146,170$649,349$80,337$2,393,895
93$6,693,272$601,360$3,221$2,533,807
94$7,293,665$548,506$0$2,687,737
95$7,952,704$490,468$0$2,874,111
96$8,676,291$426,912$0$3,079,606
97$9,470,925$357,483$0$3,305,496
98$10,343,765$281,806$0$3,553,952
99$11,302,699$199,484$0$3,827,373
100$12,356,417$110,101$0$4,128,412