Can I retire at age 67 with 909,000?

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 $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%11.5%
1 years$75,064$74,396$73,743$73,107$72,485$72,028
2 years$37,161$36,468$35,798$35,147$34,517$34,056
3 years$24,528$23,833$23,164$22,519$21,899$21,448
4 years$18,212$17,519$16,857$16,224$15,618$15,182
5 years$14,424$13,735$13,082$12,462$11,873$11,451
6 years$11,900$11,216$10,572$9,966$9,395$8,988
7 years$10,097$9,419$8,785$8,193$7,640$7,250
8 years$8,746$8,074$7,451$6,873$6,338$5,964
9 years$7,695$7,030$6,417$5,854$5,338$4,979
10 years$6,855$6,196$5,595$5,047$4,548$4,205
11 years$6,169$5,516$4,926$4,392$3,912$3,584
12 years$5,597$4,951$4,371$3,852$3,390$3,077
13 years$5,113$4,474$3,905$3,401$2,956$2,657
14 years$4,699$4,067$3,509$3,019$2,591$2,307
15 years$4,341$3,715$3,168$2,692$2,281$2,011
16 years$4,027$3,409$2,872$2,411$2,016$1,760
17 years$3,751$3,139$2,614$2,166$1,788$1,544
18 years$3,506$2,901$2,386$1,952$1,590$1,359
19 years$3,286$2,689$2,184$1,764$1,417$1,199
20 years$3,089$2,498$2,005$1,598$1,266$1,059
21 years$2,911$2,327$1,844$1,450$1,133$938
22 years$2,750$2,172$1,699$1,318$1,015$831
23 years$2,602$2,032$1,569$1,201$911$738
24 years$2,467$1,904$1,451$1,095$819$656
25 years$2,344$1,786$1,344$1,000$737$583
26 years$2,229$1,679$1,247$914$664$519
27 years$2,124$1,580$1,158$837$599$463
28 years$2,026$1,489$1,076$767$540$413
29 years$1,935$1,405$1,001$703$488$368
30 years$1,850$1,326$933$645$441$329
31 years$1,771$1,254$870$593$398$294
32 years$1,697$1,187$811$545$360$262
33 years$1,628$1,124$758$501$326$235
34 years$1,563$1,065$708$461$295$210
35 years$1,501$1,010$662$424$267$188
36 years$1,444$959$619$391$242$168
37 years$1,389$911$579$360$220$150
38 years$1,338$865$543$332$199$135
39 years$1,289$823$508$306$181$120
40 years$1,243$783$476$282$164$108
41 years$1,199$745$447$260$149$97
42 years$1,157$710$419$240$135$87
43 years$1,118$676$393$222$122$78
44 years$1,080$645$369$205$111$69
45 years$1,044$615$347$189$101$62
46 years$1,010$586$326$175$92$56
47 years$977$560$306$161$83$50
48 years$946$534$287$149$75$45
49 years$916$510$270$138$69$40
50 years$888$487$254$127$62$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $909,000, adding $2,760 every year, while hoping to spend $38,057 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: 61/23/16 Blend
66$909,000$909,000$909,000$909,000
67$1,004,565$956,388$942,298$1,061,630
68$1,066,538$962,759$933,373$1,106,768
69$1,133,557$968,166$922,873$1,151,489
70$1,206,097$972,522$910,706$1,199,394
71$1,284,678$975,735$896,774$1,250,796
72$1,369,874$977,706$880,975$1,306,041
73$1,462,317$978,329$863,203$1,365,508
74$1,562,699$977,493$843,347$1,429,619
75$1,671,784$975,080$821,288$1,498,839
76$1,790,411$970,964$796,906$1,573,683
77$1,919,503$965,011$770,073$1,654,717
78$2,060,076$957,080$740,654$1,742,568
79$2,213,249$947,022$708,511$1,837,928
80$2,380,251$934,677$673,497$1,941,563
81$2,562,436$919,876$635,459$2,054,317
82$2,761,296$902,441$594,238$2,177,122
83$2,978,470$882,182$549,666$2,311,008
84$3,215,765$858,900$501,571$2,457,112
85$3,475,169$832,382$449,770$2,616,690
86$3,758,871$802,404$394,072$2,791,128
87$4,069,281$768,727$334,279$2,981,955
88$4,409,054$731,101$270,184$3,190,862
89$4,781,113$689,260$201,570$3,419,713
90$5,188,675$642,922$128,211$3,670,566
91$5,635,284$591,790$49,871$3,945,694
92$6,124,845$535,550$0$4,247,604
93$6,661,656$473,868$0$4,584,822
94$7,250,452$406,395$0$4,964,104
95$7,896,448$332,759$0$5,380,342
96$8,605,389$252,567$0$5,837,304
97$9,383,603$165,407$0$6,339,142
98$10,238,059$70,840$0$6,890,438
99$11,176,435$0$0$7,496,239
100$12,207,190$0$0$8,170,110