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%11.5%
1 years$75,230$74,559$73,906$73,268$72,644$72,187
2 years$37,242$36,549$35,877$35,225$34,593$34,131
3 years$24,582$23,885$23,214$22,569$21,947$21,495
4 years$18,252$17,558$16,894$16,260$15,653$15,215
5 years$14,456$13,766$13,111$12,489$11,899$11,476
6 years$11,926$11,241$10,595$9,987$9,415$9,008
7 years$10,119$9,440$8,805$8,211$7,657$7,266
8 years$8,765$8,092$7,467$6,888$6,352$5,977
9 years$7,712$7,045$6,431$5,867$5,350$4,990
10 years$6,870$6,210$5,607$5,058$4,558$4,214
11 years$6,182$5,529$4,936$4,402$3,920$3,591
12 years$5,609$4,962$4,381$3,861$3,397$3,083
13 years$5,125$4,484$3,914$3,409$2,962$2,663
14 years$4,710$4,076$3,517$3,026$2,597$2,312
15 years$4,350$3,724$3,175$2,698$2,286$2,016
16 years$4,036$3,416$2,879$2,416$2,021$1,764
17 years$3,759$3,146$2,620$2,171$1,792$1,548
18 years$3,513$2,907$2,391$1,956$1,593$1,362
19 years$3,294$2,694$2,189$1,768$1,420$1,201
20 years$3,096$2,504$2,009$1,601$1,268$1,061
21 years$2,918$2,332$1,848$1,453$1,135$940
22 years$2,756$2,177$1,703$1,321$1,017$833
23 years$2,608$2,036$1,573$1,203$913$739
24 years$2,473$1,908$1,454$1,097$821$657
25 years$2,349$1,790$1,347$1,002$739$585
26 years$2,234$1,683$1,249$916$665$520
27 years$2,128$1,584$1,160$839$600$464
28 years$2,030$1,492$1,078$768$541$414
29 years$1,939$1,408$1,004$705$489$369
30 years$1,854$1,329$935$647$442$329
31 years$1,775$1,257$872$594$399$294
32 years$1,701$1,189$813$546$361$263
33 years$1,631$1,126$759$502$327$235
34 years$1,566$1,067$709$462$296$210
35 years$1,505$1,012$663$425$268$188
36 years$1,447$961$620$392$243$168
37 years$1,392$913$581$361$220$151
38 years$1,341$867$544$333$200$135
39 years$1,292$825$509$307$181$121
40 years$1,245$785$478$283$164$108
41 years$1,202$747$448$261$149$97
42 years$1,160$711$420$241$135$87
43 years$1,120$678$394$222$123$78
44 years$1,082$646$370$205$111$70
45 years$1,046$616$347$190$101$62
46 years$1,012$588$326$175$92$56
47 years$979$561$307$162$83$50
48 years$948$535$288$149$76$45
49 years$918$511$271$138$69$40
50 years$889$488$255$128$62$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $911,000, adding $3,255 every year, while hoping to spend $57,679 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: 30/42/28 Blend
66$911,000$911,000$911,000$911,000
67$1,007,280$958,997$944,876$1,028,746
68$1,048,652$944,617$915,159$1,031,409
69$1,092,311$927,600$882,514$1,029,016
70$1,138,430$907,756$846,781$1,025,300
71$1,187,196$884,882$807,794$1,020,186
72$1,238,814$858,765$765,380$1,013,600
73$1,293,509$829,180$719,356$1,005,461
74$1,351,525$795,889$669,532$995,693
75$1,413,130$758,637$615,711$984,213
76$1,478,618$717,158$557,686$970,943
77$1,548,307$671,169$495,239$955,799
78$1,622,549$620,371$428,144$938,702
79$1,701,728$564,448$356,166$919,571
80$1,786,264$503,066$279,057$898,325
81$1,876,618$435,871$196,560$874,888
82$1,973,294$362,490$108,406$849,185
83$2,076,848$282,530$14,316$821,144
84$2,187,885$195,573$0$790,697
85$2,307,074$101,180$0$783,505
86$2,435,144$0$0$780,027
87$2,572,899$0$0$776,545
88$2,721,220$0$0$823,247
89$2,881,076$0$0$873,689
90$3,053,528$0$0$928,220
91$3,239,747$0$0$987,224
92$3,441,014$0$0$1,051,122
93$3,658,742$0$0$1,120,378
94$3,894,480$0$0$1,195,504
95$4,149,933$0$0$1,277,058
96$4,426,977$0$0$1,365,659
97$4,727,672$0$0$1,461,985
98$5,054,286$0$0$1,566,783
99$5,409,313$0$0$1,680,873
100$5,795,497$0$0$1,805,161