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%13.3%
1 years$75,064$74,396$73,743$73,107$72,485$71,490
2 years$37,161$36,468$35,798$35,147$34,517$33,516
3 years$24,528$23,833$23,164$22,519$21,899$20,924
4 years$18,212$17,519$16,857$16,224$15,618$14,676
5 years$14,424$13,735$13,082$12,462$11,873$10,967
6 years$11,900$11,216$10,572$9,966$9,395$8,525
7 years$10,097$9,419$8,785$8,193$7,640$6,808
8 years$8,746$8,074$7,451$6,873$6,338$5,543
9 years$7,695$7,030$6,417$5,854$5,338$4,579
10 years$6,855$6,196$5,595$5,047$4,548$3,825
11 years$6,169$5,516$4,926$4,392$3,912$3,224
12 years$5,597$4,951$4,371$3,852$3,390$2,736
13 years$5,113$4,474$3,905$3,401$2,956$2,336
14 years$4,699$4,067$3,509$3,019$2,591$2,004
15 years$4,341$3,715$3,168$2,692$2,281$1,726
16 years$4,027$3,409$2,872$2,411$2,016$1,492
17 years$3,751$3,139$2,614$2,166$1,788$1,293
18 years$3,506$2,901$2,386$1,952$1,590$1,123
19 years$3,286$2,689$2,184$1,764$1,417$978
20 years$3,089$2,498$2,005$1,598$1,266$853
21 years$2,911$2,327$1,844$1,450$1,133$745
22 years$2,750$2,172$1,699$1,318$1,015$651
23 years$2,602$2,032$1,569$1,201$911$570
24 years$2,467$1,904$1,451$1,095$819$500
25 years$2,344$1,786$1,344$1,000$737$438
26 years$2,229$1,679$1,247$914$664$385
27 years$2,124$1,580$1,158$837$599$338
28 years$2,026$1,489$1,076$767$540$297
29 years$1,935$1,405$1,001$703$488$261
30 years$1,850$1,326$933$645$441$230
31 years$1,771$1,254$870$593$398$202
32 years$1,697$1,187$811$545$360$178
33 years$1,628$1,124$758$501$326$157
34 years$1,563$1,065$708$461$295$138
35 years$1,501$1,010$662$424$267$122
36 years$1,444$959$619$391$242$107
37 years$1,389$911$579$360$220$95
38 years$1,338$865$543$332$199$83
39 years$1,289$823$508$306$181$74
40 years$1,243$783$476$282$164$65
41 years$1,199$745$447$260$149$57
42 years$1,157$710$419$240$135$50
43 years$1,118$676$393$222$122$44
44 years$1,080$645$369$205$111$39
45 years$1,044$615$347$189$101$35
46 years$1,010$586$326$175$92$31
47 years$977$560$306$161$83$27
48 years$946$534$287$149$75$24
49 years$916$510$270$138$69$21
50 years$888$487$254$127$62$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $909,000, adding $5,951 every year, while hoping to spend $42,234 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: 79/16/5 Blend
66$909,000$909,000$909,000$909,000
67$1,007,856$959,679$945,590$1,086,803
68$1,065,721$961,767$932,331$1,141,445
69$1,128,073$962,542$917,211$1,195,203
70$1,195,324$961,894$900,126$1,252,891
71$1,267,928$959,708$880,962$1,314,878
72$1,346,385$955,862$859,602$1,381,571
73$1,431,242$950,225$835,924$1,453,421
74$1,523,102$942,659$809,801$1,530,921
75$1,622,626$933,017$781,097$1,614,616
76$1,730,543$921,144$749,672$1,705,109
77$1,847,653$906,875$715,381$1,803,059
78$1,974,837$890,035$678,070$1,909,197
79$2,113,064$870,440$637,579$2,024,327
80$2,263,399$847,894$593,740$2,149,336
81$2,427,014$822,190$546,379$2,285,200
82$2,605,200$793,107$495,313$2,432,995
83$2,799,375$760,415$440,351$2,593,910
84$3,011,103$723,866$381,294$2,769,253
85$3,242,102$683,202$317,934$2,960,466
86$3,494,264$638,147$250,053$3,169,140
87$3,769,673$588,410$177,424$3,397,027
88$4,070,622$533,685$99,810$3,646,062
89$4,399,636$473,646$16,964$3,918,374
90$4,759,495$407,950$0$4,216,313
91$5,153,258$336,234$0$4,546,280
92$5,584,297$258,116$0$4,908,533
93$6,056,321$173,190$0$5,305,329
94$6,573,419$81,030$0$5,740,154
95$7,140,091$0$0$6,216,850
96$7,761,292$0$0$6,742,967
97$8,442,483$0$0$7,335,561
98$9,189,676$0$0$7,985,602
99$10,009,494$0$0$8,698,854
100$10,909,230$0$0$9,481,668