Can I retire at age 67 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$75,064$74,396$73,743$73,107$72,485$70,877
2 years$37,161$36,468$35,798$35,147$34,517$32,905
3 years$24,528$23,833$23,164$22,519$21,899$20,333
4 years$18,212$17,519$16,857$16,224$15,618$14,112
5 years$14,424$13,735$13,082$12,462$11,873$10,429
6 years$11,900$11,216$10,572$9,966$9,395$8,015
7 years$10,097$9,419$8,785$8,193$7,640$6,326
8 years$8,746$8,074$7,451$6,873$6,338$5,088
9 years$7,695$7,030$6,417$5,854$5,338$4,151
10 years$6,855$6,196$5,595$5,047$4,548$3,423
11 years$6,169$5,516$4,926$4,392$3,912$2,847
12 years$5,597$4,951$4,371$3,852$3,390$2,384
13 years$5,113$4,474$3,905$3,401$2,956$2,008
14 years$4,699$4,067$3,509$3,019$2,591$1,698
15 years$4,341$3,715$3,168$2,692$2,281$1,441
16 years$4,027$3,409$2,872$2,411$2,016$1,227
17 years$3,751$3,139$2,614$2,166$1,788$1,048
18 years$3,506$2,901$2,386$1,952$1,590$897
19 years$3,286$2,689$2,184$1,764$1,417$769
20 years$3,089$2,498$2,005$1,598$1,266$660
21 years$2,911$2,327$1,844$1,450$1,133$567
22 years$2,750$2,172$1,699$1,318$1,015$488
23 years$2,602$2,032$1,569$1,201$911$420
24 years$2,467$1,904$1,451$1,095$819$362
25 years$2,344$1,786$1,344$1,000$737$313
26 years$2,229$1,679$1,247$914$664$270
27 years$2,124$1,580$1,158$837$599$233
28 years$2,026$1,489$1,076$767$540$201
29 years$1,935$1,405$1,001$703$488$174
30 years$1,850$1,326$933$645$441$151
31 years$1,771$1,254$870$593$398$130
32 years$1,697$1,187$811$545$360$113
33 years$1,628$1,124$758$501$326$98
34 years$1,563$1,065$708$461$295$84
35 years$1,501$1,010$662$424$267$73
36 years$1,444$959$619$391$242$63
37 years$1,389$911$579$360$220$55
38 years$1,338$865$543$332$199$47
39 years$1,289$823$508$306$181$41
40 years$1,243$783$476$282$164$36
41 years$1,199$745$447$260$149$31
42 years$1,157$710$419$240$135$27
43 years$1,118$676$393$222$122$23
44 years$1,080$645$369$205$111$20
45 years$1,044$615$347$189$101$17
46 years$1,010$586$326$175$92$15
47 years$977$560$306$161$83$13
48 years$946$534$287$149$75$11
49 years$916$510$270$138$69$10
50 years$888$487$254$127$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $909,000, adding $2,136 every year, while hoping to spend $25,454 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: 45/36/19 Blend
66$909,000$909,000$909,000$909,000
67$1,003,921$955,744$941,655$1,043,526
68$1,079,238$975,493$946,117$1,091,257
69$1,161,385$995,356$949,876$1,140,292
70$1,251,030$1,015,313$952,881$1,192,935
71$1,348,911$1,035,339$955,079$1,249,533
72$1,455,840$1,055,411$956,414$1,310,466
73$1,572,710$1,075,500$956,828$1,376,157
74$1,700,505$1,095,578$956,260$1,447,071
75$1,840,307$1,115,612$954,645$1,523,719
76$1,993,309$1,135,567$951,917$1,606,667
77$2,160,823$1,155,407$948,003$1,696,538
78$2,344,297$1,175,091$942,830$1,794,019
79$2,545,321$1,194,577$936,321$1,899,868
80$2,765,650$1,213,817$928,394$2,014,923
81$3,007,214$1,232,763$918,964$2,140,104
82$3,272,142$1,251,360$907,940$2,276,429
83$3,562,775$1,269,551$895,231$2,425,020
84$3,881,694$1,287,275$880,737$2,587,114
85$4,231,742$1,304,466$864,357$2,764,077
86$4,616,049$1,321,055$845,983$2,957,412
87$5,038,065$1,336,965$825,502$3,168,780
88$5,501,588$1,352,117$802,797$3,400,013
89$6,010,805$1,366,425$777,745$3,653,128
90$6,570,325$1,379,798$750,217$3,930,353
91$7,185,228$1,392,139$720,080$4,234,144
92$7,861,111$1,403,343$687,192$4,567,209
93$8,604,138$1,413,300$651,407$4,932,535
94$9,421,101$1,421,893$612,570$5,333,415
95$10,319,484$1,428,996$570,521$5,773,482
96$11,307,530$1,434,476$525,093$6,256,742
97$12,394,325$1,438,192$476,110$6,787,610
98$13,589,875$1,439,993$423,389$7,370,957
99$14,905,209$1,439,719$366,739$8,012,155
100$16,352,475$1,437,200$305,959$8,717,124