Can I retire at age 67 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$74,404$73,741$73,094$72,463$71,847$70,979
2 years$36,834$36,148$35,483$34,838$34,213$33,339
3 years$24,312$23,623$22,960$22,321$21,706$20,854
4 years$18,052$17,365$16,709$16,081$15,481$14,657
5 years$14,297$13,615$12,967$12,352$11,768$10,975
6 years$11,795$11,117$10,479$9,878$9,312$8,550
7 years$10,008$9,336$8,708$8,121$7,573$6,843
8 years$8,669$8,003$7,385$6,813$6,283$5,584
9 years$7,628$6,968$6,361$5,803$5,291$4,624
10 years$6,795$6,142$5,546$5,002$4,508$3,872
11 years$6,114$5,468$4,882$4,353$3,877$3,272
12 years$5,548$4,908$4,333$3,818$3,360$2,784
13 years$5,068$4,435$3,871$3,371$2,930$2,383
14 years$4,658$4,031$3,478$2,993$2,568$2,050
15 years$4,302$3,683$3,140$2,669$2,261$1,770
16 years$3,992$3,379$2,847$2,390$1,999$1,534
17 years$3,718$3,112$2,591$2,147$1,772$1,333
18 years$3,475$2,875$2,365$1,935$1,576$1,162
19 years$3,258$2,665$2,165$1,748$1,404$1,014
20 years$3,062$2,476$1,987$1,583$1,254$887
21 years$2,886$2,307$1,828$1,437$1,123$777
22 years$2,726$2,153$1,685$1,307$1,006$682
23 years$2,579$2,014$1,555$1,190$903$599
24 years$2,446$1,887$1,438$1,085$812$526
25 years$2,323$1,771$1,332$991$731$463
26 years$2,210$1,664$1,236$906$658$408
27 years$2,105$1,566$1,147$830$593$360
28 years$2,008$1,476$1,067$760$535$317
29 years$1,918$1,392$993$697$483$280
30 years$1,834$1,315$925$640$437$247
31 years$1,756$1,243$862$587$395$218
32 years$1,682$1,176$804$540$357$193
33 years$1,614$1,114$751$496$323$170
34 years$1,549$1,056$702$457$293$150
35 years$1,488$1,001$656$421$265$133
36 years$1,431$950$614$387$240$118
37 years$1,377$903$574$357$218$104
38 years$1,326$858$538$329$197$92
39 years$1,278$816$504$303$179$81
40 years$1,232$776$472$280$162$72
41 years$1,188$739$443$258$147$64
42 years$1,147$704$415$238$134$56
43 years$1,108$670$390$220$121$50
44 years$1,071$639$366$203$110$44
45 years$1,035$609$344$187$100$39
46 years$1,001$581$323$173$91$35
47 years$969$555$303$160$82$31
48 years$938$530$285$148$75$27
49 years$908$506$268$137$68$24
50 years$880$483$252$126$62$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $901,000, adding $3,435 every year, while hoping to spend $35,046 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: 61/26/13 Blend
66$901,000$901,000$901,000$901,000
67$996,445$948,692$934,727$1,053,881
68$1,060,794$957,889$928,751$1,102,082
69$1,130,532$966,363$921,401$1,150,377
70$1,206,171$974,040$912,593$1,202,230
71$1,288,276$980,843$902,241$1,257,986
72$1,377,466$986,691$890,252$1,318,028
73$1,474,424$991,495$876,532$1,382,778
74$1,579,901$995,163$860,981$1,452,701
75$1,694,720$997,596$843,494$1,528,312
76$1,819,793$998,689$823,961$1,610,177
77$1,956,117$998,330$802,269$1,698,924
78$2,104,793$996,401$778,298$1,795,244
79$2,267,033$992,775$751,922$1,899,899
80$2,444,169$987,320$723,010$2,013,732
81$2,637,669$979,893$691,425$2,137,672
82$2,849,148$970,345$657,024$2,272,746
83$3,080,384$958,515$619,658$2,420,085
84$3,333,336$944,235$579,170$2,580,938
85$3,610,160$927,326$535,396$2,756,685
86$3,913,230$907,599$488,165$2,948,846
87$4,245,161$884,852$437,300$3,159,102
88$4,608,831$858,874$382,613$3,389,303
89$5,007,411$829,438$323,910$3,641,494
90$5,444,394$796,307$260,987$3,917,931
91$5,923,624$759,229$193,633$4,221,102
92$6,449,340$717,937$121,625$4,553,752
93$7,026,206$672,149$44,733$4,918,910
94$7,659,361$621,567$0$5,319,916
95$8,354,468$565,875$0$5,765,635
96$9,117,762$504,741$0$6,261,914
97$9,956,112$437,812$0$6,807,062
98$10,877,087$364,717$0$7,406,065
99$11,889,024$285,061$0$8,064,419
100$13,001,105$198,431$0$8,788,186