Can I retire at age 67 with 903,000?

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 $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%15.1%
1 years$74,569$73,905$73,257$72,624$72,006$70,495
2 years$36,915$36,228$35,561$34,915$34,289$32,773
3 years$24,366$23,675$23,011$22,371$21,754$20,282
4 years$18,092$17,404$16,746$16,117$15,515$14,097
5 years$14,329$13,645$12,995$12,379$11,794$10,435
6 years$11,821$11,142$10,502$9,900$9,333$8,033
7 years$10,030$9,357$8,727$8,139$7,590$6,350
8 years$8,688$8,021$7,402$6,828$6,297$5,117
9 years$7,644$6,983$6,375$5,816$5,303$4,182
10 years$6,810$6,156$5,558$5,013$4,518$3,455
11 years$6,128$5,480$4,893$4,363$3,886$2,879
12 years$5,560$4,919$4,342$3,827$3,367$2,416
13 years$5,080$4,445$3,880$3,379$2,936$2,038
14 years$4,668$4,040$3,486$2,999$2,574$1,727
15 years$4,312$3,691$3,147$2,675$2,266$1,469
16 years$4,001$3,386$2,854$2,395$2,003$1,254
17 years$3,726$3,119$2,597$2,152$1,776$1,073
18 years$3,483$2,882$2,370$1,939$1,579$920
19 years$3,265$2,671$2,170$1,752$1,408$790
20 years$3,069$2,482$1,991$1,587$1,257$680
21 years$2,892$2,312$1,832$1,440$1,125$586
22 years$2,732$2,158$1,688$1,310$1,008$505
23 years$2,585$2,018$1,559$1,193$905$436
24 years$2,451$1,891$1,442$1,088$814$377
25 years$2,328$1,775$1,335$993$732$326
26 years$2,215$1,668$1,238$908$660$282
27 years$2,110$1,570$1,150$831$595$244
28 years$2,013$1,479$1,069$762$537$212
29 years$1,922$1,395$995$699$484$183
30 years$1,838$1,318$927$641$438$159
31 years$1,760$1,246$864$589$396$138
32 years$1,686$1,179$806$541$358$120
33 years$1,617$1,116$753$498$324$104
34 years$1,552$1,058$703$458$293$90
35 years$1,492$1,003$657$421$266$78
36 years$1,434$952$615$388$241$68
37 years$1,380$905$576$358$218$59
38 years$1,329$860$539$330$198$51
39 years$1,280$817$505$304$179$44
40 years$1,235$778$473$280$163$39
41 years$1,191$740$444$259$148$33
42 years$1,150$705$416$239$134$29
43 years$1,110$672$391$220$122$25
44 years$1,073$640$367$203$110$22
45 years$1,037$611$344$188$100$19
46 years$1,003$583$323$174$91$17
47 years$971$556$304$160$83$14
48 years$940$531$286$148$75$12
49 years$910$507$268$137$68$11
50 years$882$484$252$127$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $903,000, adding $4,023 every year, while hoping to spend $34,167 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: 35/37/28 Blend
66$903,000$903,000$903,000$903,000
67$999,256$951,397$937,400$1,025,681
68$1,064,826$961,662$932,450$1,056,084
69$1,135,940$971,285$926,188$1,085,507
70$1,213,126$980,198$918,536$1,116,598
71$1,296,967$988,329$909,409$1,149,527
72$1,388,103$995,602$898,719$1,184,487
73$1,487,238$1,001,936$886,374$1,221,691
74$1,595,147$1,007,242$872,279$1,261,377
75$1,712,685$1,011,429$856,333$1,303,809
76$1,840,788$1,014,398$838,429$1,349,280
77$1,980,490$1,016,045$818,458$1,398,116
78$2,132,928$1,016,260$796,305$1,450,679
79$2,299,353$1,014,923$771,847$1,507,371
80$2,481,142$1,011,909$744,960$1,568,639
81$2,679,813$1,007,087$715,510$1,634,978
82$2,897,034$1,000,315$683,360$1,706,936
83$3,134,644$991,443$648,365$1,785,124
84$3,394,667$980,313$610,375$1,870,216
85$3,679,331$966,756$569,231$1,962,962
86$3,991,091$950,596$524,768$2,064,192
87$4,332,650$931,642$476,815$2,174,824
88$4,706,982$909,695$425,190$2,295,877
89$5,117,368$884,543$369,708$2,428,480
90$5,567,416$855,963$310,170$2,573,880
91$6,061,104$823,716$246,372$2,733,461
92$6,602,811$787,553$178,100$2,908,753
93$7,197,362$747,206$105,130$3,101,448
94$7,850,070$702,397$27,229$3,313,419
95$8,566,790$652,827$0$3,546,740
96$9,353,969$598,182$0$3,820,404
97$10,218,712$538,131$0$4,130,011
98$11,168,843$472,323$0$4,470,298
99$12,212,985$400,386$0$4,844,446
100$13,360,634$321,929$0$5,255,965