Can I retire at age 67 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$75,147$74,478$73,825$73,187$72,565$71,897
2 years$37,201$36,509$35,837$35,186$34,555$33,882
3 years$24,555$23,859$23,189$22,544$21,923$21,266
4 years$18,232$17,539$16,876$16,242$15,636$14,999
5 years$14,440$13,751$13,096$12,475$11,886$11,272
6 years$11,913$11,228$10,584$9,977$9,405$8,815
7 years$10,108$9,430$8,795$8,202$7,649$7,082
8 years$8,755$8,083$7,459$6,881$6,345$5,803
9 years$7,704$7,038$6,424$5,861$5,344$4,825
10 years$6,863$6,203$5,601$5,052$4,553$4,058
11 years$6,175$5,522$4,931$4,397$3,916$3,443
12 years$5,603$4,957$4,376$3,857$3,393$2,943
13 years$5,119$4,479$3,910$3,405$2,959$2,531
14 years$4,704$4,072$3,513$3,022$2,594$2,187
15 years$4,345$3,719$3,172$2,695$2,284$1,898
16 years$4,032$3,413$2,876$2,413$2,019$1,653
17 years$3,755$3,143$2,617$2,168$1,790$1,443
18 years$3,510$2,904$2,389$1,954$1,591$1,264
19 years$3,290$2,692$2,187$1,766$1,418$1,109
20 years$3,093$2,501$2,007$1,599$1,267$975
21 years$2,915$2,330$1,846$1,451$1,134$859
22 years$2,753$2,175$1,701$1,320$1,016$757
23 years$2,605$2,034$1,571$1,202$912$669
24 years$2,470$1,906$1,453$1,096$820$591
25 years$2,346$1,788$1,346$1,001$738$523
26 years$2,232$1,681$1,248$915$665$463
27 years$2,126$1,582$1,159$838$599$410
28 years$2,028$1,491$1,077$768$541$364
29 years$1,937$1,406$1,003$704$488$323
30 years$1,852$1,328$934$646$441$287
31 years$1,773$1,255$871$593$399$255
32 years$1,699$1,188$812$545$361$226
33 years$1,630$1,125$758$501$326$201
34 years$1,564$1,066$709$461$296$179
35 years$1,503$1,011$662$425$268$159
36 years$1,445$960$620$391$243$141
37 years$1,391$912$580$360$220$126
38 years$1,339$866$543$332$199$112
39 years$1,290$824$509$306$181$100
40 years$1,244$784$477$283$164$89
41 years$1,200$746$447$261$149$79
42 years$1,159$711$420$241$135$70
43 years$1,119$677$394$222$122$63
44 years$1,081$645$370$205$111$56
45 years$1,045$615$347$189$101$50
46 years$1,011$587$326$175$92$44
47 years$978$560$306$162$83$39
48 years$947$535$288$149$76$35
49 years$917$511$270$138$69$31
50 years$888$488$254$128$62$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $910,000, adding $4,192 every year, while hoping to spend $23,414 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: 35/35/30 Blend
66$910,000$910,000$910,000$910,000
67$1,007,144$958,914$944,809$1,033,187
68$1,084,960$980,989$951,548$1,075,234
69$1,169,929$1,003,360$957,728$1,118,185
70$1,262,756$1,026,018$963,305$1,164,087
71$1,364,215$1,048,951$968,234$1,213,221
72$1,475,162$1,072,147$972,467$1,265,897
73$1,596,538$1,095,591$975,954$1,322,455
74$1,729,377$1,119,268$978,641$1,383,275
75$1,874,821$1,143,159$980,473$1,448,772
76$2,034,125$1,167,246$981,391$1,519,405
77$2,208,672$1,191,508$981,334$1,595,681
78$2,399,986$1,215,921$980,238$1,678,160
79$2,609,744$1,240,460$978,035$1,767,457
80$2,839,793$1,265,098$974,654$1,864,254
81$3,092,169$1,289,805$970,022$1,969,302
82$3,369,112$1,314,547$964,060$2,083,428
83$3,673,092$1,339,291$956,687$2,207,548
84$4,006,829$1,363,998$947,817$2,342,670
85$4,373,318$1,388,626$937,361$2,489,907
86$4,775,859$1,413,131$925,226$2,650,485
87$5,218,088$1,437,466$911,312$2,825,760
88$5,704,010$1,461,579$895,518$3,017,225
89$6,238,037$1,485,414$877,735$3,226,528
90$6,825,029$1,508,912$857,852$3,455,488
91$7,470,342$1,532,008$835,750$3,706,110
92$8,179,875$1,554,635$811,306$3,980,606
93$8,960,129$1,576,719$784,391$4,281,417
94$9,818,265$1,598,181$754,871$4,611,234
95$10,762,173$1,618,936$722,604$4,973,026
96$11,800,546$1,638,896$687,443$5,370,068
97$12,942,964$1,657,964$649,235$5,805,970
98$14,199,979$1,676,037$607,817$6,284,716
99$15,583,220$1,693,006$563,022$6,810,698
100$17,105,499$1,708,754$514,674$7,388,762