Can I retire at age 67 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$72,257$71,613$70,985$70,372$69,774$67,032
2 years$35,771$35,104$34,459$33,833$33,226$30,497
3 years$23,610$22,941$22,297$21,677$21,080$18,450
4 years$17,531$16,864$16,227$15,617$15,034$12,523
5 years$13,885$13,222$12,593$11,995$11,429$9,043
6 years$11,455$10,797$10,177$9,593$9,043$6,785
7 years$9,719$9,067$8,457$7,887$7,355$5,222
8 years$8,419$7,772$7,172$6,616$6,101$4,093
9 years$7,407$6,767$6,177$5,635$5,138$3,251
10 years$6,599$5,965$5,385$4,858$4,378$2,608
11 years$5,938$5,310$4,741$4,228$3,765$2,108
12 years$5,387$4,766$4,208$3,708$3,263$1,715
13 years$4,922$4,307$3,759$3,274$2,845$1,402
14 years$4,523$3,915$3,378$2,906$2,494$1,150
15 years$4,178$3,576$3,050$2,592$2,196$946
16 years$3,877$3,281$2,765$2,321$1,941$781
17 years$3,611$3,022$2,516$2,085$1,721$645
18 years$3,375$2,792$2,297$1,879$1,530$534
19 years$3,164$2,588$2,103$1,698$1,364$443
20 years$2,974$2,405$1,930$1,538$1,218$368
21 years$2,802$2,240$1,775$1,396$1,090$306
22 years$2,647$2,091$1,636$1,269$977$254
23 years$2,505$1,956$1,510$1,156$877$211
24 years$2,375$1,832$1,397$1,054$788$176
25 years$2,256$1,720$1,294$963$709$147
26 years$2,146$1,616$1,200$880$639$122
27 years$2,044$1,521$1,114$806$576$102
28 years$1,950$1,433$1,036$738$520$85
29 years$1,863$1,352$964$677$469$71
30 years$1,781$1,277$898$621$424$59
31 years$1,705$1,207$837$571$383$49
32 years$1,634$1,142$781$524$347$41
33 years$1,567$1,082$729$482$314$34
34 years$1,504$1,025$681$444$284$29
35 years$1,445$972$637$408$257$24
36 years$1,390$923$596$376$233$20
37 years$1,337$877$558$347$211$17
38 years$1,288$833$522$319$192$14
39 years$1,241$792$489$295$174$12
40 years$1,196$754$459$272$158$10
41 years$1,154$717$430$251$143$8
42 years$1,114$683$403$231$130$7
43 years$1,076$651$379$214$118$6
44 years$1,040$620$355$197$107$5
45 years$1,005$592$334$182$97$4
46 years$972$564$313$168$88$3
47 years$941$539$294$155$80$3
48 years$911$514$277$144$73$2
49 years$882$491$260$133$66$2
50 years$854$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 $875,000, adding $5,998 every year, while hoping to spend $29,665 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: 63/25/12 Blend
66$875,000$875,000$875,000$875,000
67$970,437$924,062$910,499$1,028,493
68$1,037,858$937,778$909,438$1,081,806
69$1,111,162$951,171$907,346$1,136,031
70$1,190,918$964,195$904,159$1,194,505
71$1,277,750$976,800$899,808$1,257,640
72$1,372,348$988,931$894,219$1,325,892
73$1,475,470$1,000,531$887,318$1,399,762
74$1,587,949$1,011,538$879,024$1,479,804
75$1,710,704$1,021,887$869,255$1,566,626
76$1,844,744$1,031,508$857,923$1,660,902
77$1,991,182$1,040,326$844,938$1,763,373
78$2,151,242$1,048,261$830,203$1,874,856
79$2,326,273$1,055,230$813,619$1,996,253
80$2,517,758$1,061,142$795,080$2,128,557
81$2,727,332$1,065,901$774,479$2,272,865
82$2,956,795$1,069,405$751,699$2,430,386
83$3,208,129$1,071,546$726,621$2,602,451
84$3,483,515$1,072,209$699,119$2,790,531
85$3,785,357$1,071,271$669,064$2,996,246
86$4,116,303$1,068,602$636,317$3,221,383
87$4,479,267$1,064,066$600,735$3,467,913
88$4,877,462$1,057,515$562,169$3,738,007
89$5,314,424$1,048,794$520,463$4,034,061
90$5,794,049$1,037,738$475,452$4,358,718
91$6,320,629$1,024,174$426,967$4,714,889
92$6,898,891$1,007,917$374,828$5,105,787
93$7,534,043$988,769$318,849$5,534,952
94$8,231,821$966,525$258,837$6,006,289
95$8,998,546$940,964$194,587$6,524,103
96$9,841,180$911,853$125,887$7,093,141
97$10,767,393$878,947$52,517$7,718,635
98$11,785,636$841,984$0$8,406,356
99$12,905,218$800,689$0$9,165,967
100$14,136,398$754,770$0$10,008,570