Can I retire at age 67 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$76,881$76,196$75,528$74,876$74,239$72,474
2 years$38,060$37,351$36,664$35,998$35,352$33,584
3 years$25,121$24,409$23,724$23,064$22,429$20,713
4 years$18,653$17,943$17,265$16,617$15,996$14,346
5 years$14,773$14,068$13,398$12,763$12,160$10,580
6 years$12,188$11,487$10,828$10,207$9,622$8,114
7 years$10,341$9,647$8,998$8,392$7,825$6,389
8 years$8,957$8,269$7,631$7,039$6,492$5,127
9 years$7,882$7,200$6,573$5,996$5,467$4,173
10 years$7,021$6,346$5,730$5,169$4,658$3,433
11 years$6,318$5,650$5,045$4,498$4,006$2,848
12 years$5,732$5,071$4,477$3,946$3,472$2,378
13 years$5,237$4,583$4,000$3,483$3,027$1,997
14 years$4,813$4,166$3,594$3,092$2,654$1,685
15 years$4,446$3,805$3,245$2,758$2,337$1,426
16 years$4,125$3,491$2,942$2,469$2,065$1,211
17 years$3,842$3,215$2,677$2,219$1,831$1,031
18 years$3,591$2,971$2,444$1,999$1,628$879
19 years$3,366$2,754$2,237$1,807$1,451$752
20 years$3,164$2,559$2,053$1,636$1,296$643
21 years$2,982$2,383$1,889$1,485$1,160$551
22 years$2,816$2,225$1,741$1,350$1,040$473
23 years$2,665$2,081$1,607$1,230$933$406
24 years$2,527$1,950$1,486$1,121$839$349
25 years$2,400$1,830$1,377$1,024$755$300
26 years$2,283$1,720$1,277$936$680$258
27 years$2,175$1,618$1,186$857$613$222
28 years$2,075$1,525$1,102$785$553$192
29 years$1,982$1,439$1,026$720$499$165
30 years$1,895$1,359$955$661$451$142
31 years$1,814$1,284$891$607$408$123
32 years$1,738$1,215$831$558$369$106
33 years$1,667$1,151$776$513$334$91
34 years$1,601$1,091$725$472$302$79
35 years$1,538$1,035$678$435$274$68
36 years$1,479$982$634$400$248$59
37 years$1,423$933$593$369$225$51
38 years$1,370$886$556$340$204$44
39 years$1,320$843$521$313$185$38
40 years$1,273$802$488$289$168$32
41 years$1,228$763$458$267$152$28
42 years$1,185$727$429$246$138$24
43 years$1,145$693$403$227$125$21
44 years$1,106$660$378$210$114$18
45 years$1,069$630$355$194$103$16
46 years$1,034$601$333$179$94$13
47 years$1,001$573$313$165$85$12
48 years$969$547$294$153$77$10
49 years$938$522$277$141$70$9
50 years$909$499$260$130$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $931,000, adding $5,654 every year, while hoping to spend $46,701 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: 42/32/26 Blend
66$931,000$931,000$931,000$931,000
67$1,031,794$982,451$968,021$1,067,069
68$1,087,348$980,902$950,760$1,091,356
69$1,147,002$977,711$931,356$1,112,787
70$1,211,127$972,750$909,687$1,135,087
71$1,280,128$965,880$885,627$1,158,364
72$1,354,448$956,956$859,043$1,182,739
73$1,434,578$945,822$829,796$1,208,349
74$1,521,052$932,315$797,742$1,235,348
75$1,614,462$916,261$762,729$1,263,912
76$1,715,455$897,475$724,598$1,294,234
77$1,824,743$875,763$683,184$1,326,535
78$1,943,109$850,918$638,313$1,361,062
79$2,071,415$822,722$589,805$1,398,090
80$2,210,606$790,942$537,470$1,437,930
81$2,361,723$755,333$481,111$1,480,929
82$2,525,912$715,638$420,521$1,527,474
83$2,704,432$671,581$355,486$1,577,998
84$2,898,669$622,873$285,779$1,632,985
85$3,110,147$569,208$211,166$1,692,974
86$3,340,543$510,261$131,402$1,758,569
87$3,591,705$445,690$46,230$1,830,439
88$3,865,664$375,133$0$1,909,332
89$4,164,656$298,209$0$2,008,470
90$4,491,143$214,514$0$2,130,882
91$4,847,835$123,621$0$2,264,838
92$5,237,716$25,079$0$2,411,568
93$5,664,069$0$0$2,572,433
94$6,130,512$0$0$2,777,665
95$6,641,027$0$0$3,012,068
96$7,199,997$0$0$3,268,839
97$7,812,253$0$0$3,550,212
98$8,483,111$0$0$3,858,645
99$9,218,428$0$0$4,196,848
100$10,024,654$0$0$4,567,802