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%13.7%
1 years$72,257$71,613$70,985$70,372$69,774$68,703
2 years$35,771$35,104$34,459$33,833$33,226$32,149
3 years$23,610$22,941$22,297$21,677$21,080$20,031
4 years$17,531$16,864$16,227$15,617$15,034$14,022
5 years$13,885$13,222$12,593$11,995$11,429$10,456
6 years$11,455$10,797$10,177$9,593$9,043$8,110
7 years$9,719$9,067$8,457$7,887$7,355$6,462
8 years$8,419$7,772$7,172$6,616$6,101$5,249
9 years$7,407$6,767$6,177$5,635$5,138$4,326
10 years$6,599$5,965$5,385$4,858$4,378$3,605
11 years$5,938$5,310$4,741$4,228$3,765$3,031
12 years$5,387$4,766$4,208$3,708$3,263$2,566
13 years$4,922$4,307$3,759$3,274$2,845$2,185
14 years$4,523$3,915$3,378$2,906$2,494$1,870
15 years$4,178$3,576$3,050$2,592$2,196$1,606
16 years$3,877$3,281$2,765$2,321$1,941$1,384
17 years$3,611$3,022$2,516$2,085$1,721$1,196
18 years$3,375$2,792$2,297$1,879$1,530$1,036
19 years$3,164$2,588$2,103$1,698$1,364$899
20 years$2,974$2,405$1,930$1,538$1,218$782
21 years$2,802$2,240$1,775$1,396$1,090$681
22 years$2,647$2,091$1,636$1,269$977$594
23 years$2,505$1,956$1,510$1,156$877$518
24 years$2,375$1,832$1,397$1,054$788$453
25 years$2,256$1,720$1,294$963$709$396
26 years$2,146$1,616$1,200$880$639$346
27 years$2,044$1,521$1,114$806$576$303
28 years$1,950$1,433$1,036$738$520$266
29 years$1,863$1,352$964$677$469$233
30 years$1,781$1,277$898$621$424$204
31 years$1,705$1,207$837$571$383$179
32 years$1,634$1,142$781$524$347$157
33 years$1,567$1,082$729$482$314$138
34 years$1,504$1,025$681$444$284$121
35 years$1,445$972$637$408$257$106
36 years$1,390$923$596$376$233$93
37 years$1,337$877$558$347$211$82
38 years$1,288$833$522$319$192$72
39 years$1,241$792$489$295$174$63
40 years$1,196$754$459$272$158$56
41 years$1,154$717$430$251$143$49
42 years$1,114$683$403$231$130$43
43 years$1,076$651$379$214$118$38
44 years$1,040$620$355$197$107$33
45 years$1,005$592$334$182$97$29
46 years$972$564$313$168$88$26
47 years$941$539$294$155$80$23
48 years$911$514$277$144$73$20
49 years$882$491$260$133$66$17
50 years$854$469$244$123$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $875,000, adding $3,374 every year, while hoping to spend $23,269 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: 49/25/26 Blend
66$875,000$875,000$875,000$875,000
67$967,730$921,355$907,793$1,007,867
68$1,041,681$941,744$913,446$1,056,667
69$1,122,394$962,351$918,508$1,107,071
70$1,210,536$983,164$922,936$1,161,371
71$1,306,839$1,004,167$926,682$1,219,946
72$1,412,108$1,025,343$929,698$1,283,214
73$1,527,232$1,046,674$931,932$1,351,635
74$1,653,188$1,068,139$933,330$1,425,719
75$1,791,052$1,089,717$933,836$1,506,024
76$1,942,010$1,111,383$933,389$1,593,169
77$2,107,365$1,133,111$931,928$1,687,834
78$2,288,556$1,154,873$929,387$1,790,771
79$2,487,165$1,176,638$925,698$1,902,807
80$2,704,935$1,198,373$920,788$2,024,857
81$2,943,786$1,220,041$914,582$2,157,927
82$3,205,832$1,241,603$907,001$2,303,127
83$3,493,404$1,263,018$897,962$2,461,683
84$3,809,066$1,284,241$887,378$2,634,944
85$4,155,644$1,305,222$875,159$2,824,399
86$4,536,252$1,325,911$861,209$3,031,691
87$4,954,320$1,346,250$845,429$3,258,629
88$5,413,624$1,366,180$827,715$3,507,210
89$5,918,327$1,385,636$807,957$3,779,636
90$6,473,014$1,404,550$786,041$4,078,333
91$7,082,736$1,422,848$761,848$4,405,978
92$7,753,058$1,440,450$735,253$4,765,522
93$8,490,112$1,457,274$706,126$5,160,217
94$9,300,651$1,473,228$674,329$5,593,653
95$10,192,119$1,488,218$639,721$6,069,783
96$11,172,715$1,502,140$602,151$6,592,968
97$12,251,473$1,514,886$561,464$7,168,018
98$13,438,348$1,526,340$517,497$7,800,232
99$14,744,306$1,536,377$470,080$8,495,454
100$16,181,432$1,544,866$419,035$9,260,128