Can I retire at age 67 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$75,230$74,559$73,906$73,268$72,644$70,404
2 years$37,242$36,549$35,877$35,225$34,593$32,355
3 years$24,582$23,885$23,214$22,569$21,947$19,782
4 years$18,252$17,558$16,894$16,260$15,653$13,577
5 years$14,456$13,766$13,111$12,489$11,899$9,919
6 years$11,926$11,241$10,595$9,987$9,415$7,532
7 years$10,119$9,440$8,805$8,211$7,657$5,871
8 years$8,765$8,092$7,467$6,888$6,352$4,662
9 years$7,712$7,045$6,431$5,867$5,350$3,753
10 years$6,870$6,210$5,607$5,058$4,558$3,053
11 years$6,182$5,529$4,936$4,402$3,920$2,503
12 years$5,609$4,962$4,381$3,861$3,397$2,066
13 years$5,125$4,484$3,914$3,409$2,962$1,714
14 years$4,710$4,076$3,517$3,026$2,597$1,428
15 years$4,350$3,724$3,175$2,698$2,286$1,194
16 years$4,036$3,416$2,879$2,416$2,021$1,001
17 years$3,759$3,146$2,620$2,171$1,792$841
18 years$3,513$2,907$2,391$1,956$1,593$708
19 years$3,294$2,694$2,189$1,768$1,420$597
20 years$3,096$2,504$2,009$1,601$1,268$504
21 years$2,918$2,332$1,848$1,453$1,135$426
22 years$2,756$2,177$1,703$1,321$1,017$360
23 years$2,608$2,036$1,573$1,203$913$305
24 years$2,473$1,908$1,454$1,097$821$258
25 years$2,349$1,790$1,347$1,002$739$219
26 years$2,234$1,683$1,249$916$665$186
27 years$2,128$1,584$1,160$839$600$158
28 years$2,030$1,492$1,078$768$541$134
29 years$1,939$1,408$1,004$705$489$114
30 years$1,854$1,329$935$647$442$96
31 years$1,775$1,257$872$594$399$82
32 years$1,701$1,189$813$546$361$70
33 years$1,631$1,126$759$502$327$59
34 years$1,566$1,067$709$462$296$50
35 years$1,505$1,012$663$425$268$43
36 years$1,447$961$620$392$243$36
37 years$1,392$913$581$361$220$31
38 years$1,341$867$544$333$200$26
39 years$1,292$825$509$307$181$22
40 years$1,245$785$478$283$164$19
41 years$1,202$747$448$261$149$16
42 years$1,160$711$420$241$135$14
43 years$1,120$678$394$222$123$12
44 years$1,082$646$370$205$111$10
45 years$1,046$616$347$190$101$8
46 years$1,012$588$326$175$92$7
47 years$979$561$307$162$83$6
48 years$948$535$288$149$76$5
49 years$918$511$271$138$69$4
50 years$889$488$255$128$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $911,000, adding $4,401 every year, while hoping to spend $31,177 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: 50/41/9 Blend
66$911,000$911,000$911,000$911,000
67$1,008,462$960,179$946,058$1,056,287
68$1,078,153$974,055$944,579$1,103,312
69$1,153,907$987,567$942,005$1,150,702
70$1,236,311$1,000,663$938,268$1,201,471
71$1,326,008$1,013,289$933,293$1,255,944
72$1,423,707$1,025,387$927,005$1,314,479
73$1,530,189$1,036,894$919,323$1,377,473
74$1,646,312$1,047,745$910,164$1,445,362
75$1,773,020$1,057,870$899,439$1,518,629
76$1,911,355$1,067,192$887,057$1,597,805
77$2,062,461$1,075,632$872,921$1,683,479
78$2,227,598$1,083,103$856,930$1,776,298
79$2,408,154$1,089,517$838,978$1,876,978
80$2,605,657$1,094,774$818,955$1,986,310
81$2,821,789$1,098,774$796,745$2,105,165
82$3,058,403$1,101,405$772,228$2,234,507
83$3,317,538$1,102,552$745,276$2,375,397
84$3,601,442$1,102,092$715,757$2,529,007
85$3,912,587$1,099,893$683,533$2,696,632
86$4,253,699$1,095,815$648,460$2,879,700
87$4,627,778$1,089,712$610,385$3,079,786
88$5,038,130$1,081,426$569,151$3,298,630
89$5,488,394$1,070,791$524,592$3,538,152
90$5,982,581$1,057,631$476,537$3,800,467
91$6,525,108$1,041,758$424,805$4,087,914
92$7,120,841$1,022,976$369,207$4,403,071
93$7,775,138$1,001,073$309,547$4,748,783
94$8,493,905$975,829$245,620$5,128,188
95$9,283,645$947,007$177,210$5,544,749
96$10,151,526$914,358$104,095$6,002,287
97$11,105,439$877,620$26,041$6,505,017
98$12,154,084$836,513$0$7,057,589
99$13,307,040$790,742$0$7,670,629
100$14,574,866$739,996$0$8,347,323