Can I retire at age 67 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$74,982$74,314$73,662$73,026$72,405$70,943
2 years$37,120$36,428$35,758$35,109$34,479$33,012
3 years$24,501$23,806$23,138$22,495$21,875$20,449
4 years$18,192$17,500$16,839$16,206$15,601$14,228
5 years$14,408$13,720$13,067$12,448$11,860$10,543
6 years$11,887$11,204$10,560$9,955$9,384$8,125
7 years$10,086$9,409$8,776$8,184$7,632$6,430
8 years$8,736$8,065$7,443$6,866$6,331$5,187
9 years$7,687$7,022$6,410$5,848$5,332$4,244
10 years$6,848$6,190$5,589$5,041$4,543$3,511
11 years$6,162$5,510$4,920$4,387$3,907$2,930
12 years$5,591$4,946$4,366$3,848$3,386$2,461
13 years$5,108$4,470$3,901$3,397$2,953$2,079
14 years$4,694$4,063$3,505$3,016$2,588$1,765
15 years$4,336$3,711$3,165$2,690$2,279$1,503
16 years$4,023$3,405$2,869$2,408$2,014$1,285
17 years$3,747$3,136$2,611$2,164$1,786$1,101
18 years$3,502$2,898$2,383$1,950$1,588$945
19 years$3,283$2,686$2,182$1,762$1,415$813
20 years$3,086$2,496$2,002$1,596$1,264$701
21 years$2,908$2,325$1,842$1,448$1,131$605
22 years$2,747$2,170$1,698$1,317$1,014$522
23 years$2,599$2,029$1,567$1,199$910$452
24 years$2,465$1,901$1,450$1,094$818$391
25 years$2,341$1,784$1,343$999$736$339
26 years$2,227$1,677$1,245$913$663$294
27 years$2,121$1,578$1,156$836$598$255
28 years$2,024$1,487$1,075$766$539$221
29 years$1,933$1,403$1,000$702$487$192
30 years$1,848$1,325$932$645$440$166
31 years$1,769$1,253$869$592$398$145
32 years$1,695$1,185$810$544$360$126
33 years$1,626$1,122$757$500$326$109
34 years$1,561$1,064$707$460$295$95
35 years$1,500$1,009$661$424$267$82
36 years$1,442$958$618$390$242$72
37 years$1,388$910$579$360$219$62
38 years$1,336$864$542$331$199$54
39 years$1,288$822$508$306$180$47
40 years$1,241$782$476$282$164$41
41 years$1,198$744$446$260$148$36
42 years$1,156$709$419$240$135$31
43 years$1,116$676$393$222$122$27
44 years$1,079$644$369$205$111$23
45 years$1,043$614$346$189$101$20
46 years$1,009$586$325$175$91$18
47 years$976$559$306$161$83$15
48 years$945$534$287$149$75$13
49 years$915$510$270$138$68$12
50 years$887$487$254$127$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $908,000, adding $4,781 every year, while hoping to spend $50,653 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: 57/25/18 Blend
66$908,000$908,000$908,000$908,000
67$1,005,548$957,424$943,350$1,057,823
68$1,054,219$950,443$921,057$1,086,914
69$1,106,157$941,423$896,321$1,112,701
70$1,161,642$930,209$869,004$1,139,664
71$1,220,980$916,640$838,966$1,167,928
72$1,284,507$900,542$806,059$1,197,631
73$1,352,592$881,734$770,127$1,228,929
74$1,425,640$860,022$731,010$1,261,993
75$1,504,093$835,201$688,536$1,297,018
76$1,588,439$807,055$642,531$1,334,221
77$1,679,213$775,354$592,809$1,373,842
78$1,777,001$739,855$539,177$1,416,152
79$1,882,449$700,301$481,433$1,461,450
80$1,996,265$656,422$419,367$1,510,071
81$2,119,227$607,929$352,758$1,562,388
82$2,252,190$554,520$281,377$1,618,816
83$2,396,095$495,872$204,985$1,679,817
84$2,551,974$431,648$123,330$1,745,905
85$2,720,965$361,488$36,151$1,817,650
86$2,904,317$285,015$0$1,895,689
87$3,103,403$201,827$0$1,991,652
88$3,319,737$111,502$0$2,103,516
89$3,554,979$13,595$0$2,225,259
90$3,810,960$0$0$2,357,906
91$4,089,692$0$0$2,528,000
92$4,393,391$0$0$2,717,477
93$4,724,493$0$0$2,924,126
94$5,085,681$0$0$3,149,632
95$5,479,908$0$0$3,395,848
96$5,910,424$0$0$3,664,814
97$6,380,806$0$0$3,958,776
98$6,894,995$0$0$4,280,206
99$7,457,327$0$0$4,631,829
100$8,072,576$0$0$5,016,640