Can I retire at age 67 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$73,248$72,595$71,959$71,337$70,731$68,965
2 years$36,261$35,586$34,931$34,297$33,681$31,913
3 years$23,934$23,256$22,603$21,974$21,369$19,654
4 years$17,772$17,095$16,449$15,831$15,240$13,592
5 years$14,075$13,403$12,765$12,160$11,585$10,008
6 years$11,612$10,945$10,316$9,724$9,167$7,663
7 years$9,853$9,191$8,573$7,995$7,455$6,024
8 years$8,534$7,879$7,270$6,707$6,185$4,825
9 years$7,509$6,860$6,262$5,713$5,209$3,920
10 years$6,689$6,047$5,459$4,924$4,438$3,219
11 years$6,019$5,383$4,806$4,286$3,817$2,665
12 years$5,461$4,831$4,265$3,759$3,308$2,222
13 years$4,990$4,366$3,811$3,319$2,884$1,862
14 years$4,585$3,969$3,424$2,946$2,528$1,567
15 years$4,236$3,625$3,092$2,627$2,226$1,324
16 years$3,930$3,326$2,803$2,352$1,967$1,122
17 years$3,660$3,063$2,551$2,114$1,745$953
18 years$3,421$2,831$2,328$1,905$1,551$811
19 years$3,207$2,623$2,131$1,721$1,383$692
20 years$3,015$2,438$1,956$1,559$1,235$591
21 years$2,841$2,271$1,799$1,415$1,105$505
22 years$2,683$2,120$1,658$1,286$991$432
23 years$2,539$1,983$1,531$1,172$889$370
24 years$2,408$1,857$1,416$1,068$799$317
25 years$2,287$1,743$1,312$976$719$272
26 years$2,175$1,638$1,216$892$648$234
27 years$2,072$1,542$1,130$817$584$201
28 years$1,977$1,453$1,050$748$527$173
29 years$1,888$1,371$977$686$476$148
30 years$1,806$1,294$910$630$430$127
31 years$1,728$1,224$849$578$389$110
32 years$1,656$1,158$792$532$352$94
33 years$1,588$1,096$739$489$318$81
34 years$1,525$1,039$691$450$288$70
35 years$1,465$986$646$414$261$60
36 years$1,409$936$604$381$236$52
37 years$1,356$889$565$351$214$45
38 years$1,305$844$529$324$194$38
39 years$1,258$803$496$299$176$33
40 years$1,213$764$465$275$160$28
41 years$1,170$727$436$254$145$24
42 years$1,129$693$409$234$132$21
43 years$1,091$660$384$216$119$18
44 years$1,054$629$360$200$108$16
45 years$1,019$600$338$185$98$13
46 years$985$572$318$170$89$12
47 years$954$546$298$158$81$10
48 years$923$521$280$146$74$9
49 years$894$498$264$135$67$7
50 years$866$476$248$124$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $887,000, adding $3,294 every year, while hoping to spend $29,704 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: 49/39/12 Blend
66$887,000$887,000$887,000$887,000
67$980,872$933,861$920,112$1,025,567
68$1,049,316$948,015$919,331$1,070,778
69$1,123,746$961,867$917,528$1,116,485
70$1,204,740$975,372$914,638$1,165,462
71$1,292,937$988,478$910,592$1,218,024
72$1,389,038$1,001,135$905,318$1,274,520
73$1,493,814$1,013,284$898,740$1,335,334
74$1,608,114$1,024,866$890,779$1,400,890
75$1,732,873$1,035,817$881,352$1,471,656
76$1,869,122$1,046,067$870,372$1,548,150
77$2,017,991$1,055,543$857,749$1,630,941
78$2,180,730$1,064,168$843,387$1,720,660
79$2,358,709$1,071,858$827,186$1,818,001
80$2,553,443$1,078,524$809,042$1,923,733
81$2,766,595$1,084,073$788,846$2,038,702
82$2,999,999$1,088,403$766,483$2,163,842
83$3,255,673$1,091,409$741,834$2,300,186
84$3,535,840$1,092,977$714,774$2,448,872
85$3,842,949$1,092,986$685,173$2,611,157
86$4,179,697$1,091,309$652,893$2,788,428
87$4,549,053$1,087,811$617,792$2,982,216
88$4,954,289$1,082,346$579,720$3,194,209
89$5,399,008$1,074,762$538,522$3,426,271
90$5,887,178$1,064,897$494,034$3,680,460
91$6,423,173$1,052,579$446,087$3,959,044
92$7,011,807$1,037,626$394,501$4,264,528
93$7,658,386$1,019,844$339,091$4,599,675
94$8,368,754$999,030$279,664$4,967,532
95$9,149,350$974,965$216,016$5,371,463
96$10,007,267$947,422$147,936$5,815,177
97$10,950,319$916,156$75,202$6,302,768
98$11,987,115$880,911$0$6,838,751
99$13,127,140$841,415$0$7,428,416
100$14,380,843$797,380$0$8,087,243