Can I retire at age 67 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$73,000$72,350$71,715$71,096$70,491$69,755
2 years$36,139$35,466$34,813$34,181$33,567$32,826
3 years$23,853$23,177$22,526$21,900$21,296$20,573
4 years$17,712$17,038$16,393$15,778$15,189$14,489
5 years$14,028$13,358$12,722$12,119$11,546$10,872
6 years$11,572$10,908$10,281$9,691$9,136$8,488
7 years$9,819$9,160$8,544$7,968$7,430$6,808
8 years$8,505$7,852$7,246$6,684$6,164$5,569
9 years$7,484$6,837$6,241$5,693$5,191$4,622
10 years$6,667$6,026$5,441$4,908$4,423$3,880
11 years$5,999$5,365$4,790$4,271$3,804$3,286
12 years$5,443$4,815$4,251$3,746$3,296$2,804
13 years$4,973$4,351$3,798$3,308$2,875$2,406
14 years$4,570$3,955$3,413$2,936$2,520$2,075
15 years$4,221$3,613$3,081$2,618$2,219$1,797
16 years$3,916$3,315$2,793$2,345$1,961$1,562
17 years$3,648$3,053$2,542$2,107$1,739$1,361
18 years$3,409$2,821$2,320$1,898$1,546$1,189
19 years$3,196$2,615$2,124$1,715$1,378$1,041
20 years$3,004$2,430$1,950$1,554$1,231$913
21 years$2,831$2,263$1,793$1,410$1,101$803
22 years$2,674$2,113$1,653$1,282$987$706
23 years$2,531$1,976$1,526$1,168$886$622
24 years$2,400$1,851$1,411$1,065$797$549
25 years$2,279$1,737$1,307$973$717$484
26 years$2,168$1,633$1,212$889$646$428
27 years$2,065$1,537$1,126$814$582$378
28 years$1,970$1,448$1,047$746$525$335
29 years$1,882$1,366$974$684$474$296
30 years$1,799$1,290$907$628$429$262
31 years$1,723$1,219$846$576$387$232
32 years$1,651$1,154$789$530$350$206
33 years$1,583$1,093$737$487$317$183
34 years$1,520$1,036$688$448$287$162
35 years$1,460$982$644$413$260$144
36 years$1,404$932$602$380$236$127
37 years$1,351$886$563$350$214$113
38 years$1,301$842$528$323$194$100
39 years$1,253$800$494$298$176$89
40 years$1,209$761$463$274$159$79
41 years$1,166$725$435$253$144$70
42 years$1,125$690$408$234$131$62
43 years$1,087$658$382$216$119$55
44 years$1,050$627$359$199$108$49
45 years$1,015$598$337$184$98$44
46 years$982$570$317$170$89$39
47 years$950$544$297$157$81$35
48 years$920$520$280$145$73$31
49 years$891$496$263$134$67$27
50 years$863$474$247$124$61$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $884,000, adding $5,284 every year, while hoping to spend $29,325 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: 47/31/22 Blend
66$884,000$884,000$884,000$884,000
67$979,618$932,766$919,064$1,019,293
68$1,048,338$947,270$918,652$1,062,093
69$1,123,084$961,502$917,242$1,105,183
70$1,204,440$975,418$914,771$1,151,356
71$1,293,049$988,969$911,172$1,200,912
72$1,389,618$1,002,106$906,374$1,254,186
73$1,494,923$1,014,774$900,302$1,311,545
74$1,609,822$1,026,915$892,879$1,373,397
75$1,735,257$1,038,467$884,024$1,440,192
76$1,872,266$1,049,363$873,650$1,512,425
77$2,021,989$1,059,535$861,670$1,590,645
78$2,185,685$1,068,905$847,989$1,675,458
79$2,364,738$1,077,394$832,509$1,767,532
80$2,560,671$1,084,916$815,129$1,867,605
81$2,775,164$1,091,382$795,740$1,976,494
82$3,010,064$1,096,693$774,231$2,095,099
83$3,267,407$1,100,747$750,483$2,224,413
84$3,549,433$1,103,435$724,376$2,365,534
85$3,858,613$1,104,640$695,779$2,519,674
86$4,197,663$1,104,239$664,559$2,688,170
87$4,569,578$1,102,100$630,576$2,872,499
88$4,977,657$1,098,086$593,683$3,074,290
89$5,425,533$1,092,046$553,726$3,295,343
90$5,917,207$1,083,826$510,545$3,537,642
91$6,457,087$1,073,259$463,973$3,803,379
92$7,050,029$1,060,168$413,836$4,094,972
93$7,701,382$1,044,366$359,949$4,415,090
94$8,417,040$1,025,656$302,124$4,766,675
95$9,203,493$1,003,828$240,160$5,152,979
96$10,067,893$978,660$173,849$5,577,585
97$11,018,120$949,917$102,975$6,044,449
98$12,062,854$917,348$27,311$6,557,935
99$13,211,659$880,692$0$7,122,855
100$14,475,072$839,670$0$7,757,066