Can I retire at age 67 with 916,000?

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 $916,000?

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$75,642$74,969$74,311$73,670$73,043$72,552
2 years$37,447$36,749$36,073$35,418$34,782$34,288
3 years$24,717$24,016$23,342$22,693$22,067$21,584
4 years$18,353$17,654$16,987$16,349$15,739$15,270
5 years$14,535$13,841$13,183$12,557$11,964$11,512
6 years$11,991$11,302$10,653$10,042$9,467$9,031
7 years$10,175$9,492$8,853$8,256$7,699$7,280
8 years$8,813$8,136$7,508$6,926$6,387$5,985
9 years$7,755$7,084$6,467$5,899$5,379$4,994
10 years$6,908$6,244$5,638$5,085$4,583$4,215
11 years$6,216$5,559$4,963$4,426$3,942$3,590
12 years$5,640$4,989$4,405$3,882$3,416$3,080
13 years$5,153$4,509$3,936$3,427$2,979$2,659
14 years$4,735$4,098$3,536$3,042$2,611$2,307
15 years$4,374$3,744$3,193$2,713$2,299$2,010
16 years$4,058$3,435$2,895$2,429$2,032$1,757
17 years$3,780$3,164$2,634$2,183$1,802$1,541
18 years$3,533$2,923$2,404$1,967$1,602$1,355
19 years$3,312$2,709$2,201$1,777$1,428$1,194
20 years$3,113$2,518$2,020$1,610$1,275$1,055
21 years$2,934$2,345$1,858$1,461$1,141$933
22 years$2,771$2,189$1,713$1,328$1,023$826
23 years$2,622$2,047$1,581$1,210$918$733
24 years$2,486$1,918$1,462$1,103$825$651
25 years$2,362$1,800$1,354$1,008$743$579
26 years$2,247$1,692$1,256$921$669$515
27 years$2,140$1,592$1,166$843$603$458
28 years$2,042$1,500$1,084$773$544$408
29 years$1,950$1,415$1,009$709$491$364
30 years$1,865$1,337$940$650$444$325
31 years$1,785$1,264$876$597$401$290
32 years$1,710$1,196$818$549$363$259
33 years$1,640$1,132$763$505$329$231
34 years$1,575$1,073$713$464$298$207
35 years$1,513$1,018$667$428$270$185
36 years$1,455$966$624$394$244$165
37 years$1,400$918$584$363$221$148
38 years$1,348$872$547$334$201$132
39 years$1,299$829$512$308$182$118
40 years$1,252$789$480$284$165$106
41 years$1,208$751$450$262$150$95
42 years$1,166$715$422$242$136$85
43 years$1,126$681$396$224$123$76
44 years$1,088$650$372$206$112$68
45 years$1,052$619$349$191$102$61
46 years$1,018$591$328$176$92$54
47 years$985$564$308$163$84$49
48 years$953$538$290$150$76$44
49 years$923$514$272$139$69$39
50 years$894$491$256$128$63$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $916,000, adding $3,159 every year, while hoping to spend $28,217 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: 70/19/11 Blend
66$916,000$916,000$916,000$916,000
67$1,012,691$964,143$949,945$1,081,072
68$1,085,962$981,363$951,745$1,144,040
69$1,165,762$998,481$952,660$1,209,193
70$1,252,726$1,015,463$952,630$1,279,740
71$1,347,554$1,032,270$951,593$1,356,208
72$1,451,016$1,048,864$949,484$1,439,173
73$1,563,961$1,065,199$946,233$1,529,276
74$1,687,322$1,081,231$941,768$1,627,217
75$1,822,127$1,096,909$936,015$1,733,773
76$1,969,507$1,112,181$928,895$1,849,795
77$2,130,707$1,126,988$920,324$1,976,224
78$2,307,100$1,141,271$910,215$2,114,097
79$2,500,195$1,154,965$898,478$2,264,554
80$2,711,656$1,167,999$885,018$2,428,855
81$2,943,313$1,180,299$869,735$2,608,385
82$3,197,185$1,191,787$852,524$2,804,674
83$3,475,491$1,202,378$833,277$3,019,405
84$3,780,678$1,211,982$811,879$3,254,436
85$4,115,442$1,220,503$788,212$3,511,811
86$4,482,749$1,227,840$762,149$3,793,786
87$4,885,868$1,233,883$733,560$4,102,846
88$5,328,401$1,238,518$702,308$4,441,731
89$5,814,314$1,241,621$668,251$4,813,459
90$6,347,976$1,243,063$631,240$5,221,359
91$6,934,200$1,242,703$591,117$5,669,097
92$7,578,290$1,240,397$547,721$6,160,717
93$8,286,085$1,235,986$500,879$6,700,675
94$9,064,023$1,229,306$450,415$7,293,881
95$9,919,191$1,220,181$396,143$7,945,748
96$10,859,403$1,208,423$337,867$8,662,243
97$11,893,262$1,193,836$275,386$9,449,941
98$13,030,249$1,176,209$208,486$10,316,091
99$14,280,812$1,155,321$136,948$11,268,681
100$15,656,459$1,130,935$60,539$12,316,517