Can I retire at age 67 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$76,138$75,460$74,798$74,152$73,522$71,599
2 years$37,692$36,990$36,310$35,650$35,010$33,086
3 years$24,878$24,173$23,495$22,841$22,212$20,347
4 years$18,473$17,770$17,098$16,456$15,842$14,050
5 years$14,631$13,932$13,269$12,640$12,043$10,329
6 years$12,070$11,376$10,723$10,108$9,529$7,895
7 years$10,241$9,554$8,911$8,310$7,750$6,196
8 years$8,871$8,189$7,557$6,971$6,429$4,955
9 years$7,805$7,130$6,509$5,938$5,414$4,018
10 years$6,953$6,285$5,675$5,119$4,613$3,293
11 years$6,257$5,595$4,996$4,455$3,967$2,721
12 years$5,677$5,022$4,434$3,907$3,438$2,264
13 years$5,186$4,538$3,961$3,450$2,998$1,894
14 years$4,766$4,125$3,559$3,062$2,628$1,591
15 years$4,403$3,769$3,214$2,731$2,314$1,341
16 years$4,085$3,458$2,914$2,445$2,045$1,134
17 years$3,805$3,184$2,651$2,197$1,813$961
18 years$3,556$2,942$2,420$1,980$1,612$816
19 years$3,333$2,727$2,216$1,789$1,437$694
20 years$3,134$2,534$2,033$1,620$1,284$592
21 years$2,953$2,360$1,870$1,471$1,149$505
22 years$2,789$2,203$1,724$1,337$1,030$431
23 years$2,640$2,061$1,592$1,218$924$368
24 years$2,503$1,931$1,472$1,111$831$315
25 years$2,377$1,812$1,363$1,014$748$270
26 years$2,261$1,703$1,264$927$673$231
27 years$2,154$1,603$1,174$849$607$198
28 years$2,055$1,510$1,091$778$548$170
29 years$1,963$1,425$1,016$713$495$145
30 years$1,877$1,345$946$655$447$125
31 years$1,797$1,272$882$601$404$107
32 years$1,722$1,203$823$552$366$92
33 years$1,651$1,140$768$508$331$79
34 years$1,585$1,080$718$467$300$68
35 years$1,523$1,025$671$430$271$58
36 years$1,464$972$628$396$246$50
37 years$1,409$924$588$365$223$43
38 years$1,357$878$550$337$202$37
39 years$1,307$835$516$310$183$32
40 years$1,261$794$483$286$166$27
41 years$1,216$756$453$264$151$23
42 years$1,174$720$425$244$137$20
43 years$1,134$686$399$225$124$17
44 years$1,095$654$374$208$113$15
45 years$1,059$623$352$192$102$13
46 years$1,024$595$330$177$93$11
47 years$991$568$310$164$84$9
48 years$959$542$292$151$77$8
49 years$929$517$274$140$70$7
50 years$900$494$258$129$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $922,000, adding $2,994 every year, while hoping to spend $22,750 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: 32/41/27 Blend
66$922,000$922,000$922,000$922,000
67$1,019,132$970,266$955,975$1,043,258
68$1,098,878$993,604$963,795$1,085,285
69$1,185,995$1,017,322$971,113$1,128,296
70$1,281,212$1,041,416$977,891$1,174,176
71$1,385,329$1,065,879$984,084$1,223,191
72$1,499,230$1,090,704$989,648$1,275,639
73$1,623,886$1,115,883$994,535$1,331,843
74$1,760,365$1,141,404$998,696$1,392,164
75$1,909,848$1,167,258$1,002,077$1,456,997
76$2,073,630$1,193,432$1,004,624$1,526,780
77$2,253,141$1,219,910$1,006,280$1,601,993
78$2,449,954$1,246,678$1,006,983$1,683,168
79$2,665,802$1,273,718$1,006,669$1,770,891
80$2,902,594$1,301,011$1,005,273$1,865,808
81$3,162,432$1,328,535$1,002,724$1,968,632
82$3,447,633$1,356,266$998,948$2,080,150
83$3,760,748$1,384,179$993,869$2,201,227
84$4,104,586$1,412,245$987,405$2,332,820
85$4,482,243$1,440,434$979,472$2,475,985
86$4,897,129$1,468,713$969,982$2,631,884
87$5,353,001$1,497,045$958,842$2,801,802
88$5,853,998$1,525,391$945,953$2,987,153
89$6,404,678$1,553,708$931,215$3,189,499
90$7,010,066$1,581,949$914,521$3,410,561
91$7,675,694$1,610,067$895,759$3,652,239
92$8,407,660$1,638,006$874,813$3,916,627
93$9,212,682$1,665,708$851,560$4,206,035
94$10,098,161$1,693,113$825,872$4,523,011
95$11,072,250$1,720,153$797,616$4,870,364
96$12,143,936$1,746,756$766,652$5,251,193
97$13,323,116$1,772,845$732,833$5,668,916
98$14,620,698$1,798,339$696,007$6,127,299
99$16,048,700$1,823,149$656,014$6,630,500
100$17,620,364$1,847,180$612,687$7,183,100