Can I retire at age 67 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$73,082$72,431$71,796$71,176$70,571$68,949
2 years$36,179$35,506$34,853$34,219$33,605$31,980
3 years$23,880$23,203$22,552$21,925$21,321$19,743
4 years$17,732$17,057$16,412$15,796$15,206$13,688
5 years$14,043$13,373$12,736$12,132$11,559$10,105
6 years$11,585$10,920$10,293$9,702$9,147$7,758
7 years$9,830$9,171$8,553$7,977$7,439$6,116
8 years$8,515$7,861$7,254$6,692$6,171$4,914
9 years$7,492$6,844$6,248$5,700$5,197$4,004
10 years$6,674$6,033$5,447$4,913$4,428$3,298
11 years$6,006$5,371$4,795$4,276$3,808$2,739
12 years$5,449$4,820$4,256$3,751$3,300$2,291
13 years$4,978$4,356$3,802$3,311$2,878$1,926
14 years$4,575$3,960$3,416$2,939$2,523$1,627
15 years$4,226$3,617$3,085$2,621$2,221$1,379
16 years$3,921$3,319$2,797$2,347$1,963$1,173
17 years$3,652$3,057$2,545$2,109$1,741$1,000
18 years$3,413$2,824$2,323$1,901$1,548$854
19 years$3,200$2,618$2,127$1,717$1,379$731
20 years$3,008$2,432$1,952$1,555$1,232$627
21 years$2,834$2,266$1,795$1,412$1,103$538
22 years$2,677$2,115$1,655$1,283$988$462
23 years$2,534$1,978$1,528$1,169$887$398
24 years$2,402$1,853$1,413$1,066$797$342
25 years$2,282$1,739$1,309$974$718$295
26 years$2,170$1,635$1,214$890$646$254
27 years$2,068$1,538$1,127$815$583$219
28 years$1,972$1,450$1,048$747$526$189
29 years$1,884$1,368$975$685$475$163
30 years$1,801$1,291$908$628$429$141
31 years$1,724$1,221$847$577$388$122
32 years$1,652$1,155$790$530$351$105
33 years$1,585$1,094$738$488$318$91
34 years$1,521$1,037$689$449$287$78
35 years$1,462$983$644$413$260$68
36 years$1,406$933$603$380$236$59
37 years$1,353$887$564$351$214$51
38 years$1,302$843$528$323$194$44
39 years$1,255$801$495$298$176$38
40 years$1,210$762$464$275$159$33
41 years$1,167$726$435$253$145$28
42 years$1,127$691$408$234$131$24
43 years$1,088$658$383$216$119$21
44 years$1,052$628$359$199$108$18
45 years$1,017$598$337$184$98$16
46 years$983$571$317$170$89$14
47 years$951$545$298$157$81$12
48 years$921$520$280$145$73$10
49 years$892$497$263$134$67$9
50 years$864$474$247$124$61$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $885,000, adding $3,057 every year, while hoping to spend $41,873 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: 75/17/8 Blend
66$885,000$885,000$885,000$885,000
67$978,423$931,518$917,801$1,050,392
68$1,033,670$932,610$903,995$1,099,282
69$1,093,148$932,352$888,322$1,147,222
70$1,157,246$930,634$870,678$1,198,560
71$1,226,388$927,338$850,949$1,253,617
72$1,301,043$922,341$829,018$1,312,750
73$1,381,723$915,509$804,765$1,376,348
74$1,468,994$906,705$778,060$1,444,843
75$1,563,477$895,778$748,770$1,518,710
76$1,665,853$882,573$716,755$1,598,475
77$1,776,872$866,921$681,869$1,684,714
78$1,897,361$848,648$643,959$1,778,067
79$2,028,225$827,565$602,865$1,879,237
80$2,170,464$803,476$558,421$1,988,999
81$2,325,175$776,170$510,451$2,108,210
82$2,493,566$745,425$458,775$2,237,814
83$2,676,966$711,008$403,200$2,378,852
84$2,876,839$672,669$343,530$2,532,471
85$3,094,794$630,147$279,555$2,699,940
86$3,332,602$583,164$211,059$2,882,655
87$3,592,214$531,425$137,816$3,082,157
88$3,875,776$474,622$59,590$3,300,145
89$4,185,653$412,425$0$3,538,494
90$4,524,445$344,490$0$3,801,312
91$4,895,017$270,448$0$4,094,400
92$5,300,523$189,915$0$4,415,203
93$5,744,437$102,482$0$4,766,520
94$6,230,583$7,717$0$5,151,435
95$6,763,173$0$0$5,573,348
96$7,346,844$0$0$6,053,746
97$7,986,706$0$0$6,582,011
98$8,688,383$0$0$7,161,349
99$9,458,073$0$0$7,796,881
100$10,302,601$0$0$8,494,246