Can I retire at age 67 with 907,000?

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 $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%18.2%
1 years$74,899$74,232$73,581$72,946$72,325$69,926
2 years$37,079$36,388$35,719$35,070$34,441$32,047
3 years$24,474$23,780$23,113$22,470$21,851$19,537
4 years$18,172$17,481$16,820$16,188$15,584$13,369
5 years$14,393$13,705$13,053$12,434$11,847$9,736
6 years$11,873$11,191$10,549$9,944$9,374$7,369
7 years$10,075$9,398$8,766$8,175$7,624$5,724
8 years$8,726$8,056$7,434$6,858$6,324$4,529
9 years$7,678$7,014$6,403$5,841$5,326$3,632
10 years$6,840$6,183$5,582$5,035$4,538$2,944
11 years$6,155$5,504$4,915$4,382$3,903$2,405
12 years$5,584$4,940$4,362$3,844$3,382$1,977
13 years$5,102$4,465$3,897$3,394$2,949$1,634
14 years$4,689$4,058$3,501$3,012$2,585$1,355
15 years$4,331$3,707$3,161$2,687$2,276$1,128
16 years$4,018$3,401$2,866$2,406$2,012$942
17 years$3,743$3,132$2,608$2,161$1,784$788
18 years$3,498$2,895$2,381$1,948$1,586$660
19 years$3,279$2,683$2,180$1,760$1,414$554
20 years$3,083$2,493$2,000$1,594$1,263$466
21 years$2,905$2,322$1,840$1,447$1,130$392
22 years$2,744$2,167$1,696$1,315$1,013$330
23 years$2,597$2,027$1,566$1,198$909$278
24 years$2,462$1,899$1,448$1,093$817$234
25 years$2,338$1,782$1,341$998$735$198
26 years$2,224$1,675$1,244$912$662$167
27 years$2,119$1,577$1,155$835$597$141
28 years$2,022$1,486$1,074$765$539$119
29 years$1,931$1,401$999$702$487$101
30 years$1,846$1,324$931$644$440$85
31 years$1,767$1,251$868$591$398$72
32 years$1,694$1,184$810$544$360$61
33 years$1,624$1,121$756$500$325$51
34 years$1,559$1,063$706$460$295$43
35 years$1,498$1,008$660$423$267$37
36 years$1,441$957$618$390$242$31
37 years$1,386$909$578$359$219$26
38 years$1,335$863$541$331$199$22
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$13
42 years$1,155$708$418$240$135$11
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 $6,770 every year, while hoping to spend $30,113 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: 38/36/26 Blend
66$907,000$907,000$907,000$907,000
67$1,006,497$958,426$944,368$1,036,727
68$1,077,120$973,349$943,964$1,074,369
69$1,153,937$987,994$942,538$1,111,750
70$1,237,548$1,002,315$940,022$1,151,563
71$1,328,614$1,016,265$936,349$1,194,048
72$1,427,861$1,029,790$931,445$1,239,471
73$1,536,088$1,042,835$925,234$1,288,124
74$1,654,176$1,055,341$917,636$1,340,333
75$1,783,094$1,067,244$908,568$1,396,456
76$1,923,907$1,078,477$897,943$1,456,891
77$2,077,789$1,088,966$885,668$1,522,078
78$2,246,033$1,098,635$871,647$1,592,502
79$2,430,062$1,107,402$855,781$1,668,703
80$2,631,442$1,115,178$837,964$1,751,275
81$2,851,899$1,121,871$818,085$1,840,874
82$3,093,332$1,127,382$796,030$1,938,230
83$3,357,833$1,131,605$771,678$2,044,145
84$3,647,706$1,134,428$744,903$2,159,508
85$3,965,488$1,135,731$715,574$2,285,301
86$4,313,974$1,135,388$683,552$2,422,611
87$4,696,242$1,133,265$648,694$2,572,635
88$5,115,682$1,129,218$610,848$2,736,701
89$5,576,028$1,123,096$569,858$2,916,271
90$6,081,394$1,114,739$525,559$3,112,964
91$6,636,310$1,103,975$477,779$3,328,567
92$7,245,768$1,090,624$426,339$3,565,054
93$7,915,266$1,074,494$371,051$3,824,604
94$8,650,861$1,055,383$311,720$4,109,624
95$9,459,227$1,033,074$248,140$4,422,773
96$10,347,714$1,007,341$180,099$4,766,987
97$11,324,422$977,942$107,373$5,145,505
98$12,398,273$944,621$29,730$5,561,906
99$13,579,098$907,109$0$6,020,138
100$14,877,727$865,118$0$6,539,301