Can I retire at age 67 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$75,973$75,296$74,636$73,991$73,362$72,236
2 years$37,610$36,910$36,231$35,573$34,934$33,803
3 years$24,824$24,121$23,444$22,792$22,164$21,061
4 years$18,433$17,731$17,061$16,420$15,807$14,743
5 years$14,599$13,902$13,240$12,612$12,017$10,993
6 years$12,044$11,352$10,700$10,086$9,508$8,527
7 years$10,219$9,533$8,892$8,292$7,733$6,794
8 years$8,852$8,172$7,541$6,956$6,415$5,519
9 years$7,788$7,115$6,495$5,925$5,402$4,548
10 years$6,938$6,271$5,662$5,108$4,603$3,791
11 years$6,243$5,583$4,985$4,445$3,959$3,187
12 years$5,664$5,011$4,424$3,899$3,431$2,698
13 years$5,175$4,529$3,953$3,442$2,992$2,297
14 years$4,756$4,116$3,552$3,056$2,622$1,966
15 years$4,393$3,760$3,207$2,725$2,309$1,688
16 years$4,076$3,450$2,907$2,440$2,041$1,455
17 years$3,796$3,177$2,645$2,192$1,809$1,257
18 years$3,548$2,936$2,415$1,976$1,609$1,089
19 years$3,326$2,721$2,211$1,785$1,434$945
20 years$3,127$2,529$2,029$1,617$1,281$822
21 years$2,947$2,355$1,866$1,467$1,146$716
22 years$2,783$2,199$1,720$1,334$1,027$624
23 years$2,634$2,056$1,588$1,215$922$545
24 years$2,497$1,927$1,469$1,108$829$476
25 years$2,372$1,808$1,360$1,012$746$416
26 years$2,256$1,699$1,262$925$672$364
27 years$2,150$1,599$1,172$847$606$319
28 years$2,050$1,507$1,089$776$547$279
29 years$1,958$1,422$1,014$712$494$245
30 years$1,873$1,343$944$653$446$215
31 years$1,793$1,269$880$600$403$188
32 years$1,718$1,201$821$551$365$165
33 years$1,648$1,137$767$507$330$145
34 years$1,582$1,078$716$466$299$127
35 years$1,520$1,022$670$429$271$112
36 years$1,461$970$627$395$245$98
37 years$1,406$922$586$364$222$86
38 years$1,354$876$549$336$202$76
39 years$1,305$833$515$310$183$67
40 years$1,258$792$482$286$166$59
41 years$1,213$754$452$264$150$51
42 years$1,171$718$424$243$136$45
43 years$1,131$684$398$224$124$40
44 years$1,093$652$374$207$112$35
45 years$1,057$622$351$191$102$31
46 years$1,022$593$330$177$93$27
47 years$989$566$310$163$84$24
48 years$957$541$291$151$76$21
49 years$927$516$273$140$69$18
50 years$898$493$257$129$63$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $920,000, adding $6,079 every year, while hoping to spend $48,568 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: 36/42/22 Blend
66$920,000$920,000$920,000$920,000
67$1,020,110$971,350$957,090$1,049,864
68$1,072,486$967,271$937,477$1,068,133
69$1,128,576$961,363$915,579$1,082,908
70$1,188,707$953,487$891,268$1,097,875
71$1,253,241$943,493$864,410$1,113,079
72$1,322,570$931,223$834,867$1,128,575
73$1,397,128$916,509$802,491$1,144,429
74$1,477,390$899,173$767,129$1,160,715
75$1,563,878$879,027$728,623$1,177,522
76$1,657,166$855,871$686,803$1,194,952
77$1,757,882$829,494$641,497$1,213,121
78$1,866,720$799,673$592,521$1,232,164
79$1,984,440$766,171$539,684$1,252,235
80$2,111,877$728,738$482,788$1,273,512
81$2,249,951$687,109$421,624$1,296,193
82$2,399,673$641,004$355,975$1,320,509
83$2,562,153$590,127$285,614$1,346,717
84$2,738,615$534,165$210,304$1,375,112
85$2,930,401$472,787$129,797$1,406,023
86$3,138,993$405,644$43,836$1,439,827
87$3,366,015$332,366$0$1,476,944
88$3,613,260$252,563$0$1,529,093
89$3,882,697$165,823$0$1,597,276
90$4,176,494$71,710$0$1,671,859
91$4,497,038$0$0$1,753,586
92$4,846,956$0$0$1,857,259
93$5,229,138$0$0$2,006,812
94$5,646,769$0$0$2,170,362
95$6,103,352$0$0$2,349,298
96$6,602,746$0$0$2,545,149
97$7,149,199$0$0$2,759,597
98$7,747,389$0$0$2,994,497
99$8,402,467$0$0$3,251,890
100$9,120,105$0$0$3,534,023