Can I retire at age 67 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$72,174$71,531$70,904$70,292$69,694$67,061
2 years$35,730$35,064$34,419$33,794$33,188$30,566
3 years$23,583$22,915$22,272$21,652$21,056$18,527
4 years$17,511$16,845$16,208$15,599$15,017$12,601
5 years$13,869$13,207$12,578$11,982$11,416$9,119
6 years$11,441$10,784$10,165$9,582$9,033$6,856
7 years$9,708$9,057$8,447$7,878$7,346$5,289
8 years$8,409$7,763$7,164$6,608$6,094$4,155
9 years$7,399$6,759$6,170$5,629$5,132$3,309
10 years$6,591$5,958$5,379$4,852$4,373$2,661
11 years$5,931$5,304$4,736$4,223$3,761$2,157
12 years$5,381$4,761$4,203$3,704$3,259$1,759
13 years$4,916$4,302$3,755$3,270$2,842$1,442
14 years$4,518$3,911$3,374$2,903$2,491$1,186
15 years$4,174$3,572$3,046$2,589$2,194$979
16 years$3,872$3,278$2,762$2,318$1,939$810
17 years$3,607$3,019$2,513$2,083$1,719$672
18 years$3,371$2,789$2,294$1,877$1,528$558
19 years$3,160$2,585$2,100$1,696$1,362$464
20 years$2,970$2,402$1,927$1,536$1,217$386
21 years$2,799$2,238$1,773$1,394$1,089$322
22 years$2,644$2,089$1,634$1,268$976$269
23 years$2,502$1,953$1,509$1,154$876$224
24 years$2,372$1,830$1,395$1,053$788$187
25 years$2,253$1,718$1,292$962$709$156
26 years$2,144$1,614$1,199$879$638$131
27 years$2,042$1,519$1,113$805$576$109
28 years$1,948$1,432$1,035$737$519$91
29 years$1,861$1,351$963$676$469$77
30 years$1,779$1,275$897$620$424$64
31 years$1,703$1,206$836$570$383$54
32 years$1,632$1,141$780$524$346$45
33 years$1,565$1,080$728$482$314$38
34 years$1,503$1,024$681$443$284$31
35 years$1,444$971$636$408$257$26
36 years$1,388$922$595$376$233$22
37 years$1,336$876$557$346$211$18
38 years$1,286$832$522$319$191$15
39 years$1,239$791$489$294$174$13
40 years$1,195$753$458$271$157$11
41 years$1,153$717$430$250$143$9
42 years$1,113$682$403$231$130$8
43 years$1,075$650$378$213$118$6
44 years$1,038$620$355$197$107$5
45 years$1,004$591$333$182$97$4
46 years$971$564$313$168$88$4
47 years$940$538$294$155$80$3
48 years$910$514$276$143$73$3
49 years$881$490$260$133$66$2
50 years$853$469$244$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $874,000, adding $3,433 every year, while hoping to spend $47,410 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: 82/12/6 Blend
66$874,000$874,000$874,000$874,000
67$966,689$920,367$906,820$1,045,303
68$1,014,848$915,021$886,755$1,091,845
69$1,066,329$907,824$864,428$1,136,220
70$1,121,423$898,636$839,715$1,183,466
71$1,180,445$887,307$812,483$1,233,841
72$1,243,744$873,678$782,594$1,287,631
73$1,311,701$857,583$749,906$1,345,151
74$1,384,734$838,844$714,267$1,406,747
75$1,463,302$817,272$675,520$1,472,802
76$1,547,909$792,670$633,501$1,543,735
77$1,639,111$764,825$588,038$1,620,010
78$1,737,514$733,515$538,951$1,702,138
79$1,843,787$698,504$486,053$1,790,682
80$1,958,666$659,543$429,148$1,886,262
81$2,082,956$616,368$368,031$1,989,562
82$2,217,546$568,698$302,488$2,101,336
83$2,363,412$516,240$232,297$2,222,415
84$2,521,625$458,682$157,225$2,353,714
85$2,693,367$395,692$77,027$2,496,243
86$2,879,934$326,925$0$2,651,115
87$3,082,753$252,011$0$2,820,107
88$3,303,396$170,561$0$3,009,320
89$3,543,590$82,166$0$3,215,329
90$3,805,236$0$0$3,439,797
91$4,090,426$0$0$3,686,353
92$4,401,463$0$0$3,967,106
93$4,740,881$0$0$4,273,495
94$5,111,469$0$0$4,608,041
95$5,516,298$0$0$4,973,518
96$5,958,749$0$0$5,372,980
97$6,442,543$0$0$5,809,791
98$6,971,778$0$0$6,287,652
99$7,550,966$0$0$6,810,642
100$8,185,075$0$0$7,383,248