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%13.4%
1 years$75,642$74,969$74,311$73,670$73,043$72,011
2 years$37,447$36,749$36,073$35,418$34,782$33,745
3 years$24,717$24,016$23,342$22,693$22,067$21,056
4 years$18,353$17,654$16,987$16,349$15,739$14,762
5 years$14,535$13,841$13,183$12,557$11,964$11,024
6 years$11,991$11,302$10,653$10,042$9,467$8,565
7 years$10,175$9,492$8,853$8,256$7,699$6,836
8 years$8,813$8,136$7,508$6,926$6,387$5,563
9 years$7,755$7,084$6,467$5,899$5,379$4,593
10 years$6,908$6,244$5,638$5,085$4,583$3,834
11 years$6,216$5,559$4,963$4,426$3,942$3,230
12 years$5,640$4,989$4,405$3,882$3,416$2,740
13 years$5,153$4,509$3,936$3,427$2,979$2,337
14 years$4,735$4,098$3,536$3,042$2,611$2,004
15 years$4,374$3,744$3,193$2,713$2,299$1,725
16 years$4,058$3,435$2,895$2,429$2,032$1,489
17 years$3,780$3,164$2,634$2,183$1,802$1,290
18 years$3,533$2,923$2,404$1,967$1,602$1,120
19 years$3,312$2,709$2,201$1,777$1,428$974
20 years$3,113$2,518$2,020$1,610$1,275$849
21 years$2,934$2,345$1,858$1,461$1,141$741
22 years$2,771$2,189$1,713$1,328$1,023$647
23 years$2,622$2,047$1,581$1,210$918$566
24 years$2,486$1,918$1,462$1,103$825$496
25 years$2,362$1,800$1,354$1,008$743$435
26 years$2,247$1,692$1,256$921$669$381
27 years$2,140$1,592$1,166$843$603$335
28 years$2,042$1,500$1,084$773$544$294
29 years$1,950$1,415$1,009$709$491$258
30 years$1,865$1,337$940$650$444$227
31 years$1,785$1,264$876$597$401$200
32 years$1,710$1,196$818$549$363$176
33 years$1,640$1,132$763$505$329$155
34 years$1,575$1,073$713$464$298$136
35 years$1,513$1,018$667$428$270$120
36 years$1,455$966$624$394$244$105
37 years$1,400$918$584$363$221$93
38 years$1,348$872$547$334$201$82
39 years$1,299$829$512$308$182$72
40 years$1,252$789$480$284$165$64
41 years$1,208$751$450$262$150$56
42 years$1,166$715$422$242$136$49
43 years$1,126$681$396$224$123$43
44 years$1,088$650$372$206$112$38
45 years$1,052$619$349$191$102$34
46 years$1,018$591$328$176$92$30
47 years$985$564$308$163$84$26
48 years$953$538$290$150$76$23
49 years$923$514$272$139$69$20
50 years$894$491$256$128$63$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $916,000, adding $4,656 every year, while hoping to spend $40,387 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: 66/20/14 Blend
66$916,000$916,000$916,000$916,000
67$1,014,235$965,687$951,489$1,077,552
68$1,074,715$970,034$940,392$1,124,756
69$1,140,011$973,240$927,570$1,171,175
70$1,210,571$975,208$912,922$1,220,902
71$1,286,888$975,832$896,344$1,274,259
72$1,369,503$975,000$877,724$1,331,600
73$1,459,013$972,596$856,949$1,393,317
74$1,556,072$968,493$833,896$1,459,843
75$1,661,401$962,558$808,441$1,531,656
76$1,775,791$954,651$780,451$1,609,283
77$1,900,115$944,622$749,789$1,693,308
78$2,035,330$932,312$716,311$1,784,372
79$2,182,491$917,553$679,865$1,883,186
80$2,342,759$900,167$640,294$1,990,535
81$2,517,410$879,965$597,434$2,107,283
82$2,707,850$856,747$551,112$2,234,386
83$2,915,625$830,302$501,148$2,372,899
84$3,142,438$800,406$447,356$2,523,985
85$3,390,162$766,821$389,538$2,688,930
86$3,660,861$729,298$327,490$2,869,152
87$3,956,806$687,570$260,997$3,066,217
88$4,280,497$641,358$189,838$3,281,852
89$4,634,687$590,364$113,777$3,517,964
90$5,022,409$534,276$32,572$3,776,657
91$5,447,000$472,761$0$4,060,253
92$5,912,137$405,469$0$4,379,395
93$6,421,868$332,031$0$4,734,546
94$6,980,654$252,055$0$5,123,998
95$7,593,403$165,128$0$5,551,235
96$8,265,526$70,815$0$6,020,100
97$9,002,979$0$0$6,534,829
98$9,812,326$0$0$7,106,990
99$10,700,793$0$0$7,752,255
100$11,676,344$0$0$8,460,827