Can I retire at age 67 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$76,468$75,787$75,123$74,474$73,841$72,587
2 years$37,856$37,151$36,467$35,805$35,162$33,904
3 years$24,986$24,278$23,597$22,940$22,308$21,083
4 years$18,553$17,847$17,172$16,527$15,910$14,729
5 years$14,694$13,992$13,326$12,695$12,095$10,960
6 years$12,122$11,426$10,770$10,152$9,570$8,483
7 years$10,286$9,595$8,950$8,346$7,783$6,744
8 years$8,909$8,225$7,590$7,002$6,457$5,465
9 years$7,839$7,161$6,537$5,964$5,438$4,493
10 years$6,984$6,312$5,699$5,141$4,633$3,736
11 years$6,284$5,620$5,018$4,474$3,985$3,133
12 years$5,701$5,044$4,453$3,924$3,453$2,645
13 years$5,209$4,558$3,978$3,465$3,011$2,247
14 years$4,787$4,143$3,575$3,076$2,640$1,917
15 years$4,422$3,785$3,227$2,743$2,324$1,642
16 years$4,103$3,473$2,926$2,456$2,054$1,411
17 years$3,821$3,198$2,663$2,207$1,821$1,216
18 years$3,571$2,955$2,431$1,989$1,619$1,050
19 years$3,348$2,739$2,225$1,797$1,443$909
20 years$3,147$2,545$2,042$1,627$1,289$788
21 years$2,966$2,371$1,878$1,477$1,154$684
22 years$2,801$2,213$1,731$1,343$1,034$595
23 years$2,651$2,070$1,598$1,223$928$518
24 years$2,514$1,939$1,478$1,115$834$451
25 years$2,387$1,820$1,369$1,019$751$393
26 years$2,271$1,710$1,270$931$676$343
27 years$2,164$1,610$1,179$853$610$299
28 years$2,064$1,517$1,096$781$550$261
29 years$1,971$1,431$1,020$716$497$228
30 years$1,885$1,351$950$657$449$199
31 years$1,804$1,277$886$604$406$174
32 years$1,729$1,209$827$555$367$153
33 years$1,658$1,145$772$510$332$133
34 years$1,592$1,085$721$469$301$117
35 years$1,530$1,029$674$432$272$102
36 years$1,471$977$631$398$247$89
37 years$1,415$928$590$367$224$78
38 years$1,363$882$553$338$203$69
39 years$1,313$838$518$312$184$60
40 years$1,266$798$485$287$167$53
41 years$1,221$759$455$265$151$46
42 years$1,179$723$427$245$137$40
43 years$1,139$689$401$226$125$35
44 years$1,100$657$376$209$113$31
45 years$1,064$626$353$193$103$27
46 years$1,029$597$332$178$93$24
47 years$995$570$312$164$85$21
48 years$964$544$293$152$77$18
49 years$933$520$275$140$70$16
50 years$904$496$259$130$63$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $926,000, adding $6,425 every year, while hoping to spend $58,459 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: 39/40/21 Blend
66$926,000$926,000$926,000$926,000
67$1,027,079$978,001$963,648$1,060,493
68$1,069,642$963,724$933,731$1,070,872
69$1,114,586$946,787$900,851$1,076,076
70$1,162,093$926,999$864,850$1,080,511
71$1,212,362$904,157$825,557$1,084,142
72$1,265,608$878,046$782,798$1,086,932
73$1,322,066$848,436$736,389$1,088,848
74$1,381,996$815,089$686,136$1,089,857
75$1,445,678$777,747$631,841$1,089,930
76$1,513,421$736,140$573,292$1,089,041
77$1,585,564$689,985$510,270$1,087,169
78$1,662,474$638,977$442,547$1,084,294
79$1,744,558$582,798$369,884$1,080,407
80$1,832,258$521,111$292,031$1,075,501
81$1,926,062$453,558$208,727$1,069,579
82$2,026,501$379,763$119,699$1,062,654
83$2,134,160$299,328$24,665$1,054,748
84$2,249,680$211,831$0$1,045,896
85$2,373,765$116,828$0$1,053,345
86$2,507,188$13,851$0$1,066,978
87$2,650,795$0$0$1,081,419
88$2,805,518$0$0$1,139,805
89$2,972,380$0$0$1,209,442
90$3,152,504$0$0$1,284,713
91$3,347,125$0$0$1,366,146
92$3,557,598$0$0$1,454,323
93$3,785,414$0$0$1,549,883
94$4,032,214$0$0$1,653,526
95$4,299,799$0$0$1,766,027
96$4,590,151$0$0$1,888,233
97$4,905,450$0$0$2,021,080
98$5,248,094$0$0$2,165,595
99$5,620,718$0$0$2,322,909
100$6,026,227$0$0$2,494,266