Can I retire at age 67 with 902,000?

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 $902,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$74,486$73,823$73,176$72,544$71,927$70,446
2 years$36,874$36,188$35,522$34,877$34,251$32,765
3 years$24,339$23,649$22,985$22,346$21,730$20,287
4 years$18,072$17,385$16,727$16,099$15,498$14,108
5 years$14,313$13,630$12,981$12,366$11,781$10,448
6 years$11,808$11,130$10,491$9,889$9,322$8,047
7 years$10,019$9,347$8,718$8,130$7,581$6,365
8 years$8,678$8,012$7,393$6,820$6,290$5,132
9 years$7,636$6,976$6,368$5,809$5,297$4,197
10 years$6,803$6,149$5,552$5,008$4,513$3,470
11 years$6,121$5,474$4,888$4,358$3,881$2,893
12 years$5,554$4,913$4,338$3,823$3,364$2,429
13 years$5,074$4,440$3,875$3,375$2,933$2,051
14 years$4,663$4,036$3,482$2,996$2,571$1,739
15 years$4,307$3,687$3,144$2,672$2,264$1,481
16 years$3,996$3,383$2,850$2,392$2,001$1,264
17 years$3,722$3,115$2,594$2,149$1,774$1,083
18 years$3,479$2,879$2,368$1,937$1,577$929
19 years$3,261$2,668$2,168$1,750$1,406$799
20 years$3,066$2,479$1,989$1,585$1,256$688
21 years$2,889$2,309$1,830$1,439$1,124$593
22 years$2,729$2,156$1,686$1,308$1,007$512
23 years$2,582$2,016$1,557$1,191$904$442
24 years$2,448$1,889$1,440$1,087$813$383
25 years$2,325$1,773$1,334$992$731$331
26 years$2,212$1,666$1,237$907$659$287
27 years$2,107$1,568$1,149$830$594$248
28 years$2,010$1,477$1,068$761$536$215
29 years$1,920$1,394$994$698$484$187
30 years$1,836$1,316$926$640$437$162
31 years$1,758$1,244$863$588$395$141
32 years$1,684$1,177$805$541$358$122
33 years$1,615$1,115$752$497$324$106
34 years$1,551$1,057$702$457$293$92
35 years$1,490$1,002$657$421$265$80
36 years$1,433$951$614$388$240$69
37 years$1,379$904$575$357$218$60
38 years$1,327$859$538$329$198$52
39 years$1,279$817$504$304$179$46
40 years$1,233$777$473$280$163$40
41 years$1,190$740$443$258$147$34
42 years$1,148$704$416$238$134$30
43 years$1,109$671$390$220$121$26
44 years$1,072$640$366$203$110$23
45 years$1,036$610$344$188$100$20
46 years$1,002$582$323$173$91$17
47 years$970$555$304$160$82$15
48 years$939$530$285$148$75$13
49 years$909$506$268$137$68$11
50 years$881$484$252$126$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $902,000, adding $4,899 every year, while hoping to spend $32,571 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: 48/30/22 Blend
66$902,000$902,000$902,000$902,000
67$999,057$951,251$937,270$1,040,568
68$1,066,306$963,207$934,014$1,081,983
69$1,139,322$974,658$929,556$1,123,273
70$1,218,660$985,543$923,823$1,167,442
71$1,304,929$995,800$916,737$1,214,773
72$1,398,799$1,005,362$908,215$1,265,584
73$1,501,008$1,014,156$898,172$1,320,220
74$1,612,368$1,022,106$886,517$1,379,068
75$1,733,771$1,029,132$873,158$1,442,552
76$1,866,202$1,035,145$857,994$1,511,143
77$2,010,741$1,040,053$840,924$1,585,361
78$2,168,580$1,043,760$821,838$1,665,781
79$2,341,030$1,046,159$800,624$1,753,038
80$2,529,535$1,047,140$777,165$1,847,833
81$2,735,683$1,046,585$751,335$1,950,942
82$2,961,224$1,044,370$723,007$2,063,222
83$3,208,086$1,040,361$692,044$2,185,620
84$3,478,389$1,034,417$658,306$2,319,182
85$3,774,470$1,026,388$621,645$2,465,062
86$4,098,901$1,016,117$581,906$2,624,537
87$4,454,517$1,003,435$538,928$2,799,016
88$4,844,438$988,164$492,542$2,990,056
89$5,272,101$970,114$442,572$3,199,375
90$5,741,292$949,086$388,835$3,428,871
91$6,256,181$924,868$331,138$3,680,640
92$6,821,360$897,236$269,280$3,956,995
93$7,441,890$865,951$203,052$4,260,490
94$8,123,344$830,763$132,235$4,593,945
95$8,871,861$791,407$56,601$4,960,471
96$9,694,204$747,599$0$5,363,505
97$10,597,825$699,044$0$5,812,496
98$11,590,932$645,426$0$6,320,517
99$12,682,568$586,412$0$6,878,945
100$13,882,696$521,652$0$7,492,938