Can I retire at age 67 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$74,899$74,232$73,581$72,946$72,325$70,520
2 years$37,079$36,388$35,719$35,070$34,441$32,633
3 years$24,474$23,780$23,113$22,470$21,851$20,097
4 years$18,172$17,481$16,820$16,188$15,584$13,899
5 years$14,393$13,705$13,053$12,434$11,847$10,234
6 years$11,873$11,191$10,549$9,944$9,374$7,835
7 years$10,075$9,398$8,766$8,175$7,624$6,159
8 years$8,726$8,056$7,434$6,858$6,324$4,934
9 years$7,678$7,014$6,403$5,841$5,326$4,008
10 years$6,840$6,183$5,582$5,035$4,538$3,291
11 years$6,155$5,504$4,915$4,382$3,903$2,725
12 years$5,584$4,940$4,362$3,844$3,382$2,272
13 years$5,102$4,465$3,897$3,394$2,949$1,904
14 years$4,689$4,058$3,501$3,012$2,585$1,603
15 years$4,331$3,707$3,161$2,687$2,276$1,354
16 years$4,018$3,401$2,866$2,406$2,012$1,147
17 years$3,743$3,132$2,608$2,161$1,784$974
18 years$3,498$2,895$2,381$1,948$1,586$829
19 years$3,279$2,683$2,180$1,760$1,414$707
20 years$3,083$2,493$2,000$1,594$1,263$604
21 years$2,905$2,322$1,840$1,447$1,130$516
22 years$2,744$2,167$1,696$1,315$1,013$442
23 years$2,597$2,027$1,566$1,198$909$379
24 years$2,462$1,899$1,448$1,093$817$325
25 years$2,338$1,782$1,341$998$735$279
26 years$2,224$1,675$1,244$912$662$239
27 years$2,119$1,577$1,155$835$597$205
28 years$2,022$1,486$1,074$765$539$176
29 years$1,931$1,401$999$702$487$152
30 years$1,846$1,324$931$644$440$130
31 years$1,767$1,251$868$591$398$112
32 years$1,694$1,184$810$544$360$96
33 years$1,624$1,121$756$500$325$83
34 years$1,559$1,063$706$460$295$71
35 years$1,498$1,008$660$423$267$61
36 years$1,441$957$618$390$242$53
37 years$1,386$909$578$359$219$46
38 years$1,335$863$541$331$199$39
39 years$1,286$821$507$305$180$34
40 years$1,240$781$475$282$163$29
41 years$1,196$744$446$260$148$25
42 years$1,155$708$418$240$135$22
43 years$1,115$675$392$221$122$19
44 years$1,078$643$368$204$111$16
45 years$1,042$613$346$189$101$14
46 years$1,008$585$325$174$91$12
47 years$975$558$305$161$83$10
48 years$944$533$287$149$75$9
49 years$914$509$270$138$68$8
50 years$886$486$253$127$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $907,000, adding $2,846 every year, while hoping to spend $47,754 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: 39/36/25 Blend
66$907,000$907,000$907,000$907,000
67$1,002,450$954,379$940,320$1,034,006
68$1,053,890$950,333$921,011$1,053,134
69$1,108,976$944,489$899,454$1,069,138
70$1,168,030$936,708$875,525$1,085,505
71$1,231,405$926,842$849,091$1,102,299
72$1,299,488$914,737$820,014$1,119,591
73$1,372,702$900,226$788,152$1,137,464
74$1,451,516$883,136$753,354$1,156,015
75$1,536,442$863,280$715,461$1,175,352
76$1,628,040$840,462$674,311$1,195,601
77$1,726,931$814,475$629,731$1,216,905
78$1,833,793$785,099$581,542$1,239,427
79$1,949,372$752,102$529,556$1,263,351
80$2,074,489$715,236$473,577$1,288,886
81$2,210,046$674,241$413,401$1,316,270
82$2,357,034$628,843$348,813$1,345,768
83$2,516,545$578,749$279,592$1,377,682
84$2,689,777$523,652$205,502$1,412,352
85$2,878,049$463,226$126,302$1,450,158
86$3,082,814$397,128$41,737$1,491,529
87$3,305,668$324,994$0$1,536,947
88$3,548,367$246,440$0$1,599,888
89$3,812,846$161,061$0$1,680,740
90$4,101,232$68,429$0$1,769,110
91$4,415,867$0$0$1,865,832
92$4,759,328$0$0$1,984,475
93$5,134,454$0$0$2,143,775
94$5,544,366$0$0$2,317,966
95$5,992,505$0$0$2,508,523
96$6,482,657$0$0$2,717,072
97$7,018,990$0$0$2,945,402
98$7,606,094$0$0$3,195,484
99$8,249,025$0$0$3,469,489
100$8,953,349$0$0$3,769,806