Can I retire at age 67 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$75,560$74,887$74,230$73,589$72,963$72,141
2 years$37,406$36,709$36,034$35,379$34,744$33,917
3 years$24,690$23,990$23,316$22,668$22,043$21,236
4 years$18,333$17,635$16,968$16,331$15,721$14,941
5 years$14,519$13,826$13,168$12,544$11,951$11,199
6 years$11,978$11,290$10,642$10,031$9,457$8,734
7 years$10,164$9,481$8,843$8,247$7,691$6,998
8 years$8,803$8,127$7,500$6,918$6,380$5,717
9 years$7,746$7,076$6,460$5,893$5,373$4,740
10 years$6,901$6,237$5,632$5,080$4,578$3,974
11 years$6,209$5,553$4,958$4,421$3,937$3,362
12 years$5,634$4,984$4,400$3,878$3,412$2,865
13 years$5,147$4,504$3,931$3,424$2,975$2,455
14 years$4,730$4,094$3,532$3,039$2,608$2,115
15 years$4,369$3,740$3,189$2,710$2,296$1,829
16 years$4,054$3,431$2,891$2,427$2,030$1,587
17 years$3,776$3,160$2,631$2,180$1,800$1,381
18 years$3,529$2,920$2,402$1,965$1,600$1,205
19 years$3,308$2,706$2,199$1,776$1,426$1,054
20 years$3,110$2,515$2,018$1,608$1,274$923
21 years$2,931$2,342$1,856$1,459$1,140$810
22 years$2,768$2,187$1,711$1,327$1,022$711
23 years$2,620$2,045$1,580$1,208$917$626
24 years$2,484$1,916$1,461$1,102$824$551
25 years$2,359$1,798$1,353$1,007$742$486
26 years$2,244$1,690$1,255$920$668$428
27 years$2,138$1,590$1,165$842$603$378
28 years$2,039$1,499$1,083$772$544$334
29 years$1,948$1,414$1,008$708$491$295
30 years$1,863$1,335$939$650$444$261
31 years$1,783$1,262$875$597$401$231
32 years$1,708$1,194$817$548$363$204
33 years$1,639$1,131$763$504$328$181
34 years$1,573$1,072$712$464$297$160
35 years$1,511$1,017$666$427$269$142
36 years$1,453$965$623$393$244$125
37 years$1,398$917$583$362$221$111
38 years$1,347$871$546$334$200$99
39 years$1,297$828$512$308$182$87
40 years$1,251$788$480$284$165$77
41 years$1,207$750$450$262$150$69
42 years$1,165$714$422$242$136$61
43 years$1,125$681$396$223$123$54
44 years$1,087$649$372$206$112$48
45 years$1,051$619$349$190$101$42
46 years$1,017$590$328$176$92$38
47 years$984$563$308$162$84$33
48 years$952$538$289$150$76$30
49 years$922$514$272$139$69$26
50 years$893$491$256$128$63$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $915,000, adding $5,716 every year, while hoping to spend $59,524 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: 70/24/6 Blend
66$915,000$915,000$915,000$915,000
67$1,014,226$965,731$951,549$1,084,010
68$1,054,344$949,719$920,092$1,114,871
69$1,096,559$930,927$885,587$1,140,735
70$1,141,022$909,156$847,869$1,167,389
71$1,187,898$884,197$806,764$1,194,897
72$1,237,365$855,824$762,092$1,223,330
73$1,289,620$823,803$713,666$1,252,767
74$1,344,875$787,883$661,287$1,283,298
75$1,403,363$747,800$604,751$1,315,023
76$1,465,338$703,274$543,842$1,348,055
77$1,531,078$654,010$478,337$1,382,520
78$1,600,886$599,695$407,999$1,418,558
79$1,675,094$539,997$332,584$1,456,328
80$1,754,065$474,569$251,837$1,496,006
81$1,838,197$403,039$165,491$1,537,789
82$1,927,924$325,020$73,266$1,581,898
83$2,023,724$240,097$0$1,628,579
84$2,126,119$147,837$0$1,679,716
85$2,235,681$47,779$0$1,739,118
86$2,353,038$0$0$1,802,450
87$2,478,880$0$0$1,886,109
88$2,613,961$0$0$1,989,488
89$2,759,110$0$0$2,100,609
90$2,915,239$0$0$2,220,172
91$3,083,346$0$0$2,348,947
92$3,264,528$0$0$2,487,780
93$3,459,991$0$0$2,637,600
94$3,671,060$0$0$2,799,428
95$3,899,189$0$0$2,974,386
96$4,145,979$0$0$3,163,706
97$4,413,186$0$0$3,368,743
98$4,702,745$0$0$3,590,988
99$5,016,781$0$0$3,832,079
100$5,357,631$0$0$4,093,817