Can I retire at age 67 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$73,330$72,677$72,040$71,418$70,810$70,276
2 years$36,302$35,626$34,971$34,335$33,719$33,180
3 years$23,961$23,282$22,628$21,999$21,393$20,866
4 years$17,792$17,115$16,468$15,849$15,258$14,747
5 years$14,091$13,418$12,780$12,174$11,599$11,106
6 years$11,625$10,957$10,328$9,735$9,178$8,704
7 years$9,864$9,202$8,582$8,004$7,464$7,009
8 years$8,544$7,887$7,279$6,714$6,192$5,755
9 years$7,517$6,867$6,269$5,719$5,215$4,797
10 years$6,697$6,053$5,466$4,930$4,443$4,044
11 years$6,026$5,389$4,812$4,291$3,821$3,440
12 years$5,467$4,837$4,270$3,763$3,311$2,948
13 years$4,995$4,371$3,815$3,322$2,888$2,541
14 years$4,591$3,973$3,428$2,949$2,531$2,202
15 years$4,240$3,630$3,095$2,630$2,229$1,916
16 years$3,934$3,330$2,806$2,355$1,970$1,673
17 years$3,664$3,067$2,553$2,116$1,746$1,465
18 years$3,425$2,834$2,331$1,907$1,553$1,286
19 years$3,211$2,626$2,134$1,723$1,384$1,132
20 years$3,018$2,441$1,958$1,561$1,236$998
21 years$2,844$2,273$1,801$1,416$1,106$882
22 years$2,686$2,122$1,660$1,288$992$780
23 years$2,542$1,985$1,533$1,173$890$691
24 years$2,410$1,860$1,418$1,070$800$612
25 years$2,289$1,745$1,313$977$720$544
26 years$2,178$1,640$1,218$893$649$483
27 years$2,075$1,544$1,131$818$585$429
28 years$1,979$1,454$1,051$749$528$382
29 years$1,890$1,372$978$687$476$340
30 years$1,808$1,296$911$630$430$303
31 years$1,730$1,225$850$579$389$270
32 years$1,658$1,159$793$532$352$240
33 years$1,590$1,098$740$489$319$214
34 years$1,527$1,040$691$450$288$191
35 years$1,467$987$646$414$261$171
36 years$1,410$937$605$382$237$152
37 years$1,357$890$566$352$215$136
38 years$1,307$845$530$324$195$121
39 years$1,259$804$497$299$176$108
40 years$1,214$765$465$276$160$97
41 years$1,171$728$436$254$145$87
42 years$1,131$693$409$235$132$77
43 years$1,092$661$384$217$120$69
44 years$1,055$630$361$200$108$62
45 years$1,020$600$339$185$98$55
46 years$987$573$318$171$89$49
47 years$955$547$299$158$81$44
48 years$924$522$281$146$74$39
49 years$895$498$264$135$67$35
50 years$867$476$248$124$61$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $888,000, adding $4,052 every year, while hoping to spend $53,075 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: 38/39/23 Blend
66$888,000$888,000$888,000$888,000
67$982,756$935,692$921,928$1,013,212
68$1,026,525$925,069$896,341$1,025,091
69$1,072,981$912,147$868,118$1,032,666
70$1,122,340$896,757$837,115$1,039,790
71$1,174,840$878,721$803,180$1,046,454
72$1,230,744$857,848$766,157$1,052,652
73$1,290,336$833,939$725,879$1,058,383
74$1,353,929$806,780$682,175$1,063,650
75$1,421,866$776,149$634,864$1,068,462
76$1,494,523$741,806$583,758$1,072,835
77$1,572,310$703,501$528,660$1,076,790
78$1,655,680$660,967$469,365$1,080,361
79$1,745,129$613,924$405,658$1,083,588
80$1,841,199$562,073$337,314$1,086,524
81$1,944,487$505,100$264,100$1,089,235
82$2,055,649$442,674$185,771$1,091,801
83$2,175,403$374,443$102,073$1,094,320
84$2,304,539$300,036$12,737$1,096,907
85$2,443,925$219,061$0$1,099,699
86$2,594,515$131,105$0$1,123,128
87$2,757,357$35,730$0$1,151,766
88$2,933,602$0$0$1,182,775
89$3,124,516$0$0$1,245,466
90$3,331,491$0$0$1,330,156
91$3,556,058$0$0$1,422,150
92$3,799,901$0$0$1,522,152
93$4,064,872$0$0$1,630,934
94$4,353,007$0$0$1,749,349
95$4,666,547$0$0$1,878,331
96$5,007,959$0$0$2,018,912
97$5,379,956$0$0$2,172,226
98$5,785,524$0$0$2,339,520
99$6,227,950$0$0$2,522,168
100$6,710,850$0$0$2,721,683