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%18.1%
1 years$74,899$74,232$73,581$72,946$72,325$69,954
2 years$37,079$36,388$35,719$35,070$34,441$32,074
3 years$24,474$23,780$23,113$22,470$21,851$19,563
4 years$18,172$17,481$16,820$16,188$15,584$13,394
5 years$14,393$13,705$13,053$12,434$11,847$9,759
6 years$11,873$11,191$10,549$9,944$9,374$7,390
7 years$10,075$9,398$8,766$8,175$7,624$5,744
8 years$8,726$8,056$7,434$6,858$6,324$4,547
9 years$7,678$7,014$6,403$5,841$5,326$3,650
10 years$6,840$6,183$5,582$5,035$4,538$2,959
11 years$6,155$5,504$4,915$4,382$3,903$2,419
12 years$5,584$4,940$4,362$3,844$3,382$1,990
13 years$5,102$4,465$3,897$3,394$2,949$1,646
14 years$4,689$4,058$3,501$3,012$2,585$1,366
15 years$4,331$3,707$3,161$2,687$2,276$1,138
16 years$4,018$3,401$2,866$2,406$2,012$950
17 years$3,743$3,132$2,608$2,161$1,784$796
18 years$3,498$2,895$2,381$1,948$1,586$667
19 years$3,279$2,683$2,180$1,760$1,414$560
20 years$3,083$2,493$2,000$1,594$1,263$471
21 years$2,905$2,322$1,840$1,447$1,130$397
22 years$2,744$2,167$1,696$1,315$1,013$334
23 years$2,597$2,027$1,566$1,198$909$282
24 years$2,462$1,899$1,448$1,093$817$238
25 years$2,338$1,782$1,341$998$735$201
26 years$2,224$1,675$1,244$912$662$170
27 years$2,119$1,577$1,155$835$597$143
28 years$2,022$1,486$1,074$765$539$121
29 years$1,931$1,401$999$702$487$103
30 years$1,846$1,324$931$644$440$87
31 years$1,767$1,251$868$591$398$73
32 years$1,694$1,184$810$544$360$62
33 years$1,624$1,121$756$500$325$52
34 years$1,559$1,063$706$460$295$44
35 years$1,498$1,008$660$423$267$38
36 years$1,441$957$618$390$242$32
37 years$1,386$909$578$359$219$27
38 years$1,335$863$541$331$199$23
39 years$1,286$821$507$305$180$19
40 years$1,240$781$475$282$163$16
41 years$1,196$744$446$260$148$14
42 years$1,155$708$418$240$135$12
43 years$1,115$675$392$221$122$10
44 years$1,078$643$368$204$111$8
45 years$1,042$613$346$189$101$7
46 years$1,008$585$325$174$91$6
47 years$975$558$305$161$83$5
48 years$944$533$287$149$75$4
49 years$914$509$270$138$68$4
50 years$886$486$253$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $907,000, adding $2,528 every year, while hoping to spend $56,277 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: 31/40/29 Blend
66$907,000$907,000$907,000$907,000
67$1,002,122$954,051$939,992$1,024,235
68$1,044,460$940,921$911,604$1,028,489
69$1,089,230$925,261$880,378$1,027,969
70$1,136,622$906,889$846,160$1,026,313
71$1,186,840$885,610$808,790$1,023,461
72$1,240,111$861,218$768,097$1,019,355
73$1,296,680$833,495$723,906$1,013,933
74$1,356,816$802,212$676,032$1,007,136
75$1,420,815$767,123$624,283$998,904
76$1,488,998$727,972$568,456$989,179
77$1,561,718$684,485$508,342$977,905
78$1,639,362$636,374$443,720$965,026
79$1,722,354$583,333$374,362$950,491
80$1,811,158$525,040$300,027$934,251
81$1,906,283$461,155$220,465$916,262
82$2,008,289$391,316$135,415$896,486
83$2,117,787$315,143$44,604$874,891
84$2,235,451$232,234$0$851,453
85$2,362,018$142,165$0$842,341
86$2,498,300$44,487$0$847,149
87$2,645,186$0$0$852,164
88$2,803,654$0$0$884,480
89$2,974,779$0$0$940,630
90$3,159,740$0$0$1,001,435
91$3,359,837$0$0$1,067,335
92$3,576,493$0$0$1,138,815
93$3,811,279$0$0$1,216,408
94$4,065,917$0$0$1,300,701
95$4,342,303$0$0$1,392,339
96$4,642,523$0$0$1,492,031
97$4,968,871$0$0$1,600,559
98$5,323,870$0$0$1,718,781
99$5,710,296$0$0$1,847,643
100$6,131,204$0$0$1,988,186