Can I retire at age 67 with 903,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$74,569$73,905$73,257$72,624$72,006$70,814
2 years$36,915$36,228$35,561$34,915$34,289$33,090
3 years$24,366$23,675$23,011$22,371$21,754$20,588
4 years$18,092$17,404$16,746$16,117$15,515$14,390
5 years$14,329$13,645$12,995$12,379$11,794$10,713
6 years$11,821$11,142$10,502$9,900$9,333$8,296
7 years$10,030$9,357$8,727$8,139$7,590$6,599
8 years$8,688$8,021$7,402$6,828$6,297$5,351
9 years$7,644$6,983$6,375$5,816$5,303$4,402
10 years$6,810$6,156$5,558$5,013$4,518$3,662
11 years$6,128$5,480$4,893$4,363$3,886$3,073
12 years$5,560$4,919$4,342$3,827$3,367$2,597
13 years$5,080$4,445$3,880$3,379$2,936$2,207
14 years$4,668$4,040$3,486$2,999$2,574$1,884
15 years$4,312$3,691$3,147$2,675$2,266$1,615
16 years$4,001$3,386$2,854$2,395$2,003$1,389
17 years$3,726$3,119$2,597$2,152$1,776$1,198
18 years$3,483$2,882$2,370$1,939$1,579$1,035
19 years$3,265$2,671$2,170$1,752$1,408$897
20 years$3,069$2,482$1,991$1,587$1,257$778
21 years$2,892$2,312$1,832$1,440$1,125$676
22 years$2,732$2,158$1,688$1,310$1,008$588
23 years$2,585$2,018$1,559$1,193$905$512
24 years$2,451$1,891$1,442$1,088$814$446
25 years$2,328$1,775$1,335$993$732$389
26 years$2,215$1,668$1,238$908$660$340
27 years$2,110$1,570$1,150$831$595$297
28 years$2,013$1,479$1,069$762$537$259
29 years$1,922$1,395$995$699$484$227
30 years$1,838$1,318$927$641$438$198
31 years$1,760$1,246$864$589$396$174
32 years$1,686$1,179$806$541$358$152
33 years$1,617$1,116$753$498$324$133
34 years$1,552$1,058$703$458$293$117
35 years$1,492$1,003$657$421$266$102
36 years$1,434$952$615$388$241$89
37 years$1,380$905$576$358$218$78
38 years$1,329$860$539$330$198$69
39 years$1,280$817$505$304$179$60
40 years$1,235$778$473$280$163$53
41 years$1,191$740$444$259$148$46
42 years$1,150$705$416$239$134$41
43 years$1,110$672$391$220$122$36
44 years$1,073$640$367$203$110$31
45 years$1,037$611$344$188$100$27
46 years$1,003$583$323$174$91$24
47 years$971$556$304$160$83$21
48 years$940$531$286$148$75$18
49 years$910$507$268$137$68$16
50 years$882$484$252$127$62$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $903,000, adding $4,607 every year, while hoping to spend $24,119 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: 45/41/14 Blend
66$903,000$903,000$903,000$903,000
67$999,858$951,999$938,003$1,040,659
68$1,076,181$972,985$943,763$1,090,516
69$1,159,481$994,190$948,909$1,141,746
70$1,250,443$1,015,601$953,392$1,196,771
71$1,349,824$1,037,201$957,166$1,255,950
72$1,458,454$1,058,971$960,179$1,319,682
73$1,577,249$1,080,894$962,378$1,388,404
74$1,707,218$1,102,947$963,707$1,462,599
75$1,849,469$1,125,106$964,107$1,542,799
76$2,005,226$1,147,348$963,515$1,629,590
77$2,175,834$1,169,643$961,868$1,723,618
78$2,362,775$1,191,961$959,097$1,825,596
79$2,567,682$1,214,271$955,130$1,936,309
80$2,792,353$1,236,538$949,894$2,056,622
81$3,038,767$1,258,722$943,310$2,187,490
82$3,309,105$1,280,784$935,295$2,329,966
83$3,605,771$1,302,679$925,764$2,485,208
84$3,931,408$1,324,359$914,626$2,654,496
85$4,288,934$1,345,774$901,787$2,839,239
86$4,681,557$1,366,869$887,149$3,040,992
87$5,112,815$1,387,585$870,608$3,261,469
88$5,586,604$1,407,859$852,055$3,502,559
89$6,107,216$1,427,622$831,378$3,766,346
90$6,679,381$1,446,804$808,458$4,055,125
91$7,308,307$1,465,327$783,170$4,371,430
92$7,999,733$1,483,107$755,386$4,718,052
93$8,759,984$1,500,057$724,969$5,098,070
94$9,596,025$1,516,083$691,778$5,514,877
95$10,515,531$1,531,083$655,664$5,972,214
96$11,526,960$1,544,950$616,473$6,474,207
97$12,639,628$1,557,571$574,043$7,025,404
98$13,863,801$1,568,823$528,205$7,630,819
99$15,210,790$1,578,576$478,781$8,295,979
100$16,693,057$1,586,693$425,587$9,026,980