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%13.3%
1 years$74,899$74,232$73,581$72,946$72,325$71,333
2 years$37,079$36,388$35,719$35,070$34,441$33,443
3 years$24,474$23,780$23,113$22,470$21,851$20,878
4 years$18,172$17,481$16,820$16,188$15,584$14,644
5 years$14,393$13,705$13,053$12,434$11,847$10,942
6 years$11,873$11,191$10,549$9,944$9,374$8,506
7 years$10,075$9,398$8,766$8,175$7,624$6,793
8 years$8,726$8,056$7,434$6,858$6,324$5,531
9 years$7,678$7,014$6,403$5,841$5,326$4,569
10 years$6,840$6,183$5,582$5,035$4,538$3,817
11 years$6,155$5,504$4,915$4,382$3,903$3,217
12 years$5,584$4,940$4,362$3,844$3,382$2,730
13 years$5,102$4,465$3,897$3,394$2,949$2,331
14 years$4,689$4,058$3,501$3,012$2,585$2,000
15 years$4,331$3,707$3,161$2,687$2,276$1,722
16 years$4,018$3,401$2,866$2,406$2,012$1,489
17 years$3,743$3,132$2,608$2,161$1,784$1,290
18 years$3,498$2,895$2,381$1,948$1,586$1,121
19 years$3,279$2,683$2,180$1,760$1,414$976
20 years$3,083$2,493$2,000$1,594$1,263$851
21 years$2,905$2,322$1,840$1,447$1,130$743
22 years$2,744$2,167$1,696$1,315$1,013$650
23 years$2,597$2,027$1,566$1,198$909$569
24 years$2,462$1,899$1,448$1,093$817$499
25 years$2,338$1,782$1,341$998$735$437
26 years$2,224$1,675$1,244$912$662$384
27 years$2,119$1,577$1,155$835$597$337
28 years$2,022$1,486$1,074$765$539$297
29 years$1,931$1,401$999$702$487$261
30 years$1,846$1,324$931$644$440$229
31 years$1,767$1,251$868$591$398$202
32 years$1,694$1,184$810$544$360$178
33 years$1,624$1,121$756$500$325$157
34 years$1,559$1,063$706$460$295$138
35 years$1,498$1,008$660$423$267$122
36 years$1,441$957$618$390$242$107
37 years$1,386$909$578$359$219$94
38 years$1,335$863$541$331$199$83
39 years$1,286$821$507$305$180$73
40 years$1,240$781$475$282$163$65
41 years$1,196$744$446$260$148$57
42 years$1,155$708$418$240$135$50
43 years$1,115$675$392$221$122$44
44 years$1,078$643$368$204$111$39
45 years$1,042$613$346$189$101$35
46 years$1,008$585$325$174$91$30
47 years$975$558$305$161$83$27
48 years$944$533$287$149$75$24
49 years$914$509$270$138$68$21
50 years$886$486$253$127$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $907,000, adding $2,347 every year, while hoping to spend $38,737 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: 62/28/10 Blend
66$907,000$907,000$907,000$907,000
67$1,001,935$953,864$939,805$1,061,665
68$1,062,916$959,387$930,073$1,107,451
69$1,128,820$963,883$918,716$1,152,730
70$1,200,106$967,260$905,640$1,201,184
71$1,277,282$969,421$890,744$1,253,120
72$1,360,905$970,263$873,924$1,308,878
73$1,451,588$969,677$855,071$1,368,833
74$1,550,005$967,545$834,071$1,433,401
75$1,656,896$963,746$810,803$1,503,038
76$1,773,077$958,147$785,142$1,578,250
77$1,899,444$950,610$756,958$1,659,597
78$2,036,985$940,987$726,114$1,747,694
79$2,186,784$929,122$692,466$1,843,222
80$2,350,037$914,850$655,864$1,946,935
81$2,528,058$897,995$616,153$2,059,662
82$2,722,294$878,371$573,168$2,182,322
83$2,934,338$855,781$526,739$2,315,926
84$3,165,943$830,017$476,687$2,461,594
85$3,419,039$800,857$422,826$2,620,559
86$3,695,752$768,070$364,961$2,794,186
87$3,998,420$731,407$302,889$2,983,980
88$4,329,620$690,607$236,397$3,191,601
89$4,692,188$645,394$165,263$3,418,884
90$5,089,248$595,475$89,257$3,667,854
91$5,524,240$540,541$8,135$3,940,745
92$6,000,951$480,267$0$4,240,023
93$6,523,554$414,305$0$4,576,781
94$7,096,643$342,293$0$4,947,122
95$7,725,279$263,844$0$5,353,522
96$8,415,037$178,552$0$5,799,671
97$9,172,056$85,986$0$6,289,637
98$10,003,099$0$0$6,827,908
99$10,915,618$0$0$7,423,841
100$11,917,817$0$0$8,107,508