Can I retire at age 67 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$76,220$75,542$74,879$74,233$73,601$71,075
2 years$37,733$37,030$36,349$35,689$35,048$32,528
3 years$24,905$24,200$23,520$22,866$22,236$19,802
4 years$18,493$17,789$17,117$16,474$15,859$13,530
5 years$14,646$13,947$13,283$12,653$12,056$9,837
6 years$12,083$11,389$10,735$10,119$9,539$7,433
7 years$10,253$9,564$8,921$8,319$7,758$5,764
8 years$8,880$8,198$7,565$6,979$6,436$4,553
9 years$7,814$7,138$6,516$5,945$5,420$3,645
10 years$6,961$6,292$5,681$5,124$4,618$2,948
11 years$6,264$5,601$5,001$4,460$3,972$2,404
12 years$5,683$5,027$4,439$3,912$3,442$1,972
13 years$5,192$4,543$3,966$3,453$3,001$1,626
14 years$4,772$4,130$3,563$3,066$2,631$1,346
15 years$4,407$3,773$3,217$2,734$2,317$1,118
16 years$4,089$3,461$2,917$2,448$2,047$931
17 years$3,809$3,188$2,654$2,199$1,815$777
18 years$3,560$2,946$2,423$1,982$1,614$650
19 years$3,337$2,730$2,218$1,791$1,439$544
20 years$3,137$2,537$2,036$1,622$1,285$456
21 years$2,956$2,363$1,872$1,472$1,150$383
22 years$2,792$2,206$1,726$1,339$1,031$322
23 years$2,642$2,063$1,593$1,219$925$271
24 years$2,505$1,933$1,474$1,112$832$228
25 years$2,380$1,814$1,365$1,015$748$192
26 years$2,264$1,705$1,266$928$674$161
27 years$2,157$1,604$1,175$850$608$136
28 years$2,057$1,512$1,093$779$548$114
29 years$1,965$1,426$1,017$714$495$96
30 years$1,879$1,347$947$655$447$81
31 years$1,799$1,273$883$602$405$69
32 years$1,723$1,205$824$553$366$58
33 years$1,653$1,141$769$509$331$49
34 years$1,587$1,081$719$468$300$41
35 years$1,525$1,026$672$431$272$35
36 years$1,466$973$629$397$246$29
37 years$1,411$925$588$366$223$25
38 years$1,358$879$551$337$202$21
39 years$1,309$836$516$311$183$18
40 years$1,262$795$484$287$166$15
41 years$1,217$757$454$264$151$12
42 years$1,175$721$426$244$137$11
43 years$1,135$687$399$225$124$9
44 years$1,097$655$375$208$113$8
45 years$1,060$624$352$192$102$6
46 years$1,025$595$331$177$93$5
47 years$992$568$311$164$84$5
48 years$961$542$292$151$77$4
49 years$930$518$274$140$70$3
50 years$901$495$258$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $923,000, adding $6,442 every year, while hoping to spend $35,415 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: 44/33/23 Blend
66$923,000$923,000$923,000$923,000
67$1,023,791$974,872$960,565$1,061,761
68$1,090,536$984,959$955,063$1,099,357
69$1,162,903$994,354$948,189$1,136,146
70$1,241,426$1,002,985$939,861$1,175,312
71$1,326,696$1,010,776$929,991$1,217,096
72$1,419,361$1,017,645$918,488$1,261,760
73$1,520,134$1,023,508$905,255$1,309,599
74$1,629,800$1,028,272$890,193$1,360,938
75$1,749,221$1,031,840$873,197$1,416,137
76$1,879,349$1,034,107$854,156$1,475,593
77$2,021,229$1,034,965$832,957$1,539,750
78$2,176,012$1,034,295$809,478$1,609,096
79$2,344,964$1,031,974$783,594$1,684,173
80$2,529,479$1,027,870$755,174$1,765,579
81$2,731,093$1,021,843$724,079$1,853,978
82$2,951,495$1,013,744$690,166$1,950,104
83$3,192,546$1,003,415$653,285$2,054,768
84$3,456,294$990,691$613,278$2,168,870
85$3,744,994$975,393$569,981$2,293,401
86$4,061,131$957,335$523,223$2,429,462
87$4,407,440$936,318$472,825$2,578,267
88$4,786,932$912,131$418,598$2,741,160
89$5,202,925$884,551$360,347$2,919,625
90$5,659,074$853,344$297,869$3,115,304
91$6,159,401$818,260$230,949$3,330,012
92$6,708,339$779,033$159,365$3,565,753
93$7,310,770$735,387$82,884$3,824,742
94$7,972,071$687,024$1,264$4,109,428
95$8,698,168$633,633$0$4,422,515
96$9,495,583$574,883$0$4,788,054
97$10,371,506$510,426$0$5,189,981
98$11,333,856$439,893$0$5,631,696
99$12,391,356$362,895$0$6,117,293
100$13,553,617$279,019$0$6,651,290