Can I retire at age 67 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$76,633$75,951$75,285$74,635$74,000$71,717
2 years$37,937$37,231$36,546$35,882$35,238$32,958
3 years$25,040$24,331$23,648$22,990$22,357$20,151
4 years$18,593$17,886$17,209$16,563$15,945$13,831
5 years$14,726$14,023$13,355$12,722$12,121$10,104
6 years$12,148$11,450$10,793$10,174$9,591$7,673
7 years$10,308$9,616$8,969$8,364$7,800$5,980
8 years$8,929$8,243$7,606$7,017$6,471$4,749
9 years$7,856$7,177$6,551$5,977$5,449$3,823
10 years$6,999$6,326$5,712$5,152$4,643$3,110
11 years$6,298$5,632$5,028$4,484$3,993$2,550
12 years$5,714$5,055$4,463$3,933$3,460$2,105
13 years$5,220$4,568$3,987$3,472$3,018$1,746
14 years$4,797$4,152$3,582$3,082$2,645$1,455
15 years$4,431$3,793$3,234$2,749$2,329$1,216
16 years$4,111$3,480$2,933$2,461$2,058$1,019
17 years$3,829$3,205$2,668$2,211$1,825$856
18 years$3,579$2,962$2,436$1,993$1,623$721
19 years$3,355$2,745$2,230$1,801$1,446$608
20 years$3,154$2,551$2,047$1,631$1,292$513
21 years$2,972$2,376$1,882$1,480$1,156$434
22 years$2,807$2,218$1,735$1,346$1,036$367
23 years$2,657$2,074$1,602$1,226$930$311
24 years$2,519$1,943$1,482$1,118$836$263
25 years$2,393$1,824$1,372$1,021$752$223
26 years$2,276$1,714$1,273$933$678$189
27 years$2,168$1,613$1,182$854$611$161
28 years$2,068$1,520$1,099$783$551$136
29 years$1,975$1,434$1,022$718$498$116
30 years$1,889$1,354$952$659$450$98
31 years$1,808$1,280$888$605$407$83
32 years$1,733$1,211$828$556$368$71
33 years$1,662$1,147$773$511$333$60
34 years$1,595$1,087$723$471$301$51
35 years$1,533$1,031$676$433$273$43
36 years$1,474$979$632$399$247$37
37 years$1,418$930$592$368$224$31
38 years$1,366$883$554$339$203$27
39 years$1,316$840$519$312$184$23
40 years$1,269$799$486$288$167$19
41 years$1,224$761$456$266$152$16
42 years$1,181$725$428$245$138$14
43 years$1,141$690$402$226$125$12
44 years$1,103$658$377$209$113$10
45 years$1,066$628$354$193$103$9
46 years$1,031$599$332$178$93$7
47 years$998$571$312$165$85$6
48 years$966$545$293$152$77$5
49 years$935$521$276$141$70$4
50 years$906$497$259$130$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $928,000, adding $6,320 every year, while hoping to spend $52,325 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: 83/9/8 Blend
66$928,000$928,000$928,000$928,000
67$1,029,175$979,991$965,607$1,113,105
68$1,078,478$972,337$942,282$1,161,254
69$1,131,055$962,555$916,421$1,206,444
70$1,187,187$950,484$887,885$1,254,453
71$1,247,178$935,955$856,527$1,305,531
72$1,311,363$918,791$822,194$1,359,956
73$1,380,110$898,799$784,725$1,418,033
74$1,453,821$875,781$743,954$1,480,098
75$1,532,939$849,521$699,704$1,546,519
76$1,617,947$819,797$651,793$1,617,706
77$1,709,379$786,368$600,029$1,694,105
78$1,807,819$748,983$544,213$1,776,212
79$1,913,908$707,374$484,135$1,864,571
80$2,028,351$661,261$419,579$1,959,783
81$2,151,923$610,343$350,315$2,062,509
82$2,285,475$554,305$276,106$2,173,478
83$2,429,942$492,815$196,704$2,293,495
84$2,586,352$425,518$111,850$2,423,444
85$2,755,835$352,044$21,272$2,564,302
86$2,939,635$271,999$0$2,717,146
87$3,139,117$184,966$0$2,889,598
88$3,355,785$90,507$0$3,078,886
89$3,591,292$0$0$3,284,662
90$3,847,458$0$0$3,509,716
91$4,126,282$0$0$3,764,449
92$4,429,968$0$0$4,041,913
93$4,760,938$0$0$4,344,323
94$5,121,859$0$0$4,674,118
95$5,515,666$0$0$5,033,983
96$5,945,590$0$0$5,426,871
97$6,415,187$0$0$5,856,036
98$6,928,372$0$0$6,325,057
99$7,489,455$0$0$6,837,878
100$8,103,181$0$0$7,398,838