Can I retire at age 67 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$75,395$74,723$74,068$73,428$72,804$72,315
2 years$37,324$36,629$35,955$35,302$34,669$34,175
3 years$24,636$23,937$23,265$22,618$21,995$21,513
4 years$18,293$17,597$16,931$16,295$15,687$15,220
5 years$14,488$13,796$13,139$12,516$11,925$11,474
6 years$11,952$11,265$10,619$10,009$9,436$9,001
7 years$10,141$9,461$8,824$8,229$7,674$7,256
8 years$8,784$8,110$7,484$6,903$6,366$5,966
9 years$7,729$7,061$6,446$5,880$5,361$4,978
10 years$6,886$6,224$5,619$5,069$4,568$4,201
11 years$6,196$5,541$4,947$4,411$3,929$3,578
12 years$5,621$4,973$4,391$3,869$3,405$3,070
13 years$5,136$4,494$3,923$3,416$2,969$2,650
14 years$4,720$4,085$3,525$3,032$2,602$2,299
15 years$4,360$3,732$3,182$2,704$2,291$2,003
16 years$4,045$3,424$2,885$2,421$2,025$1,752
17 years$3,767$3,153$2,625$2,176$1,796$1,536
18 years$3,521$2,914$2,397$1,961$1,597$1,351
19 years$3,301$2,700$2,194$1,772$1,423$1,190
20 years$3,103$2,509$2,014$1,605$1,271$1,051
21 years$2,924$2,337$1,852$1,456$1,138$930
22 years$2,762$2,182$1,707$1,324$1,020$824
23 years$2,614$2,041$1,576$1,206$915$731
24 years$2,478$1,912$1,458$1,100$823$649
25 years$2,354$1,794$1,350$1,004$740$577
26 years$2,239$1,686$1,252$918$667$513
27 years$2,133$1,587$1,163$841$601$457
28 years$2,035$1,495$1,081$770$542$407
29 years$1,944$1,411$1,006$706$490$363
30 years$1,858$1,332$937$648$443$324
31 years$1,779$1,259$873$595$400$289
32 years$1,705$1,192$815$547$362$258
33 years$1,635$1,129$761$503$328$230
34 years$1,570$1,070$711$463$297$206
35 years$1,508$1,015$665$426$269$184
36 years$1,450$963$622$392$243$165
37 years$1,395$915$582$362$221$147
38 years$1,344$869$545$333$200$132
39 years$1,295$826$511$307$181$118
40 years$1,248$786$479$283$164$105
41 years$1,204$749$449$262$149$94
42 years$1,162$713$421$241$135$84
43 years$1,123$679$395$223$123$76
44 years$1,085$647$371$206$112$68
45 years$1,049$617$348$190$101$61
46 years$1,014$589$327$175$92$54
47 years$981$562$307$162$83$49
48 years$950$537$289$150$76$43
49 years$920$512$271$138$69$39
50 years$891$489$255$128$63$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $913,000, adding $2,242 every year, while hoping to spend $39,038 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: 59/29/12 Blend
66$913,000$913,000$913,000$913,000
67$1,008,439$960,050$945,898$1,064,852
68$1,069,763$965,556$936,050$1,108,616
69$1,136,035$970,024$924,563$1,151,742
70$1,207,716$973,361$911,341$1,197,829
71$1,285,317$975,469$896,285$1,247,166
72$1,369,397$976,245$879,289$1,300,074
73$1,460,572$975,578$860,241$1,356,905
74$1,559,519$973,350$839,028$1,418,050
75$1,666,983$969,436$815,528$1,483,939
76$1,783,782$963,706$789,616$1,555,051
77$1,910,818$956,018$761,158$1,631,910
78$2,049,082$946,223$730,017$1,715,101
79$2,199,665$934,165$696,050$1,805,266
80$2,363,767$919,675$659,103$1,903,116
81$2,542,709$902,577$619,021$2,009,437
82$2,737,945$882,683$575,638$2,125,097
83$2,951,076$859,794$528,782$2,251,054
84$3,183,862$833,701$478,273$2,388,368
85$3,438,243$804,180$423,922$2,538,209
86$3,716,355$770,995$365,535$2,701,869
87$4,020,547$733,898$302,904$2,880,776
88$4,353,409$692,625$235,817$3,076,505
89$4,717,789$646,896$164,050$3,290,797
90$5,116,827$596,417$87,369$3,525,574
91$5,553,978$540,876$5,530$3,782,958
92$6,033,048$479,944$0$4,065,292
93$6,558,230$413,272$0$4,385,638
94$7,134,138$340,491$0$4,737,812
95$7,765,859$261,214$0$5,124,294
96$8,458,993$175,030$0$5,548,599
97$9,219,709$81,504$0$6,014,608
98$10,054,801$0$0$6,526,597
99$10,971,755$0$0$7,095,613
100$11,978,816$0$0$7,749,187