Can I retire at age 67 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$75,725$75,050$74,392$73,750$73,123$70,924
2 years$37,488$36,789$36,113$35,457$34,820$32,624
3 years$24,743$24,042$23,367$22,717$22,092$19,966
4 years$18,373$17,674$17,005$16,367$15,756$13,717
5 years$14,551$13,856$13,197$12,571$11,977$10,032
6 years$12,004$11,315$10,665$10,053$9,477$7,626
7 years$10,186$9,502$8,863$8,265$7,708$5,951
8 years$8,823$8,145$7,516$6,934$6,394$4,731
9 years$7,763$7,092$6,474$5,906$5,385$3,813
10 years$6,916$6,251$5,644$5,091$4,588$3,106
11 years$6,223$5,565$4,969$4,431$3,946$2,550
12 years$5,646$4,995$4,410$3,886$3,419$2,108
13 years$5,158$4,514$3,940$3,431$2,982$1,751
14 years$4,741$4,103$3,540$3,046$2,614$1,461
15 years$4,379$3,748$3,196$2,716$2,301$1,223
16 years$4,063$3,439$2,898$2,432$2,034$1,026
17 years$3,784$3,167$2,637$2,185$1,804$864
18 years$3,537$2,926$2,407$1,969$1,604$728
19 years$3,315$2,712$2,204$1,779$1,429$615
20 years$3,117$2,520$2,022$1,612$1,277$520
21 years$2,937$2,348$1,860$1,463$1,143$440
22 years$2,774$2,191$1,714$1,330$1,024$373
23 years$2,625$2,050$1,583$1,211$919$316
24 years$2,489$1,920$1,464$1,105$826$268
25 years$2,364$1,802$1,356$1,009$744$228
26 years$2,249$1,694$1,258$922$670$194
27 years$2,142$1,594$1,168$844$604$164
28 years$2,044$1,502$1,086$774$545$140
29 years$1,952$1,417$1,010$709$492$119
30 years$1,867$1,338$941$651$445$101
31 years$1,787$1,265$877$598$402$86
32 years$1,712$1,197$818$549$364$73
33 years$1,642$1,134$764$505$329$62
34 years$1,576$1,074$714$465$298$53
35 years$1,515$1,019$668$428$270$45
36 years$1,456$967$625$394$244$38
37 years$1,401$919$585$363$222$33
38 years$1,349$873$547$335$201$28
39 years$1,300$830$513$309$182$24
40 years$1,254$790$481$285$165$20
41 years$1,209$752$451$263$150$17
42 years$1,167$716$423$242$136$15
43 years$1,128$682$397$224$123$12
44 years$1,090$650$372$207$112$11
45 years$1,053$620$350$191$102$9
46 years$1,019$592$328$176$92$8
47 years$986$565$309$163$84$7
48 years$954$539$290$150$76$6
49 years$924$515$273$139$69$5
50 years$895$492$256$129$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $917,000, adding $3,961 every year, while hoping to spend $28,280 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: 59/31/10 Blend
66$917,000$917,000$917,000$917,000
67$1,014,620$966,019$951,805$1,071,873
68$1,088,021$983,264$953,601$1,128,081
69$1,167,962$1,000,406$954,509$1,185,799
70$1,255,079$1,017,411$954,470$1,248,044
71$1,350,073$1,034,241$953,421$1,315,251
72$1,453,717$1,050,854$951,297$1,387,903
73$1,566,859$1,067,209$948,028$1,466,531
74$1,690,435$1,083,259$943,543$1,551,720
75$1,825,474$1,098,953$937,767$1,644,116
76$1,973,109$1,114,239$930,619$1,744,430
77$2,134,588$1,129,059$922,017$1,853,447
78$2,311,285$1,143,352$911,873$1,972,030
79$2,504,713$1,157,053$900,098$2,101,133
80$2,716,537$1,170,092$886,595$2,241,807
81$2,948,593$1,182,394$871,264$2,395,209
82$3,202,899$1,193,882$854,001$2,562,617
83$3,481,681$1,204,469$834,697$2,745,438
84$3,787,390$1,214,065$813,237$2,945,226
85$4,122,724$1,222,575$789,501$3,163,690
86$4,490,657$1,229,896$763,364$3,402,718
87$4,894,462$1,235,919$734,695$3,664,391
88$5,337,747$1,240,528$703,357$3,951,000
89$5,824,485$1,243,602$669,206$4,265,076
90$6,359,051$1,245,007$632,094$4,609,405
91$6,946,269$1,244,607$591,863$4,987,062
92$7,591,448$1,242,252$548,350$5,401,434
93$8,300,440$1,237,787$501,385$5,856,258
94$9,079,692$1,231,045$450,788$6,355,652
95$9,936,304$1,221,850$396,373$6,904,157
96$10,878,101$1,210,015$337,945$7,506,780
97$11,913,702$1,195,341$275,301$8,169,039
98$13,052,605$1,177,618$208,229$8,897,019
99$14,305,273$1,156,623$136,507$9,697,427
100$15,683,233$1,132,120$59,903$10,577,660