Can I retire at age 67 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$76,964$76,278$75,609$74,956$74,319$72,700
2 years$38,101$37,391$36,704$36,037$35,390$33,767
3 years$25,148$24,436$23,750$23,089$22,453$20,876
4 years$18,673$17,963$17,284$16,634$16,014$14,496
5 years$14,789$14,083$13,413$12,777$12,173$10,719
6 years$12,201$11,500$10,840$10,218$9,632$8,242
7 years$10,353$9,658$9,008$8,401$7,834$6,509
8 years$8,967$8,278$7,639$7,047$6,499$5,238
9 years$7,890$7,208$6,580$6,002$5,473$4,276
10 years$7,029$6,353$5,736$5,174$4,663$3,529
11 years$6,325$5,656$5,050$4,503$4,010$2,937
12 years$5,738$5,076$4,482$3,950$3,475$2,461
13 years$5,243$4,588$4,004$3,487$3,031$2,073
14 years$4,818$4,170$3,598$3,095$2,657$1,755
15 years$4,450$3,809$3,248$2,761$2,339$1,491
16 years$4,129$3,495$2,945$2,472$2,067$1,270
17 years$3,846$3,219$2,680$2,221$1,833$1,085
18 years$3,594$2,974$2,446$2,001$1,630$929
19 years$3,370$2,757$2,240$1,809$1,453$797
20 years$3,168$2,562$2,055$1,638$1,298$685
21 years$2,985$2,386$1,891$1,487$1,161$589
22 years$2,819$2,227$1,742$1,352$1,041$507
23 years$2,668$2,083$1,609$1,231$934$437
24 years$2,530$1,952$1,488$1,123$840$377
25 years$2,403$1,832$1,378$1,025$756$326
26 years$2,286$1,721$1,278$937$681$282
27 years$2,178$1,620$1,187$858$614$243
28 years$2,077$1,527$1,103$786$554$210
29 years$1,984$1,440$1,027$721$500$182
30 years$1,897$1,360$956$662$452$158
31 years$1,816$1,286$892$608$408$136
32 years$1,740$1,217$832$558$369$118
33 years$1,669$1,152$777$514$334$102
34 years$1,602$1,092$726$473$303$89
35 years$1,539$1,036$679$435$274$77
36 years$1,480$983$635$401$248$67
37 years$1,424$934$594$369$225$58
38 years$1,372$887$556$340$204$50
39 years$1,322$844$521$314$185$43
40 years$1,274$803$489$289$168$38
41 years$1,229$764$458$267$152$33
42 years$1,187$728$430$246$138$28
43 years$1,146$693$403$227$125$24
44 years$1,107$661$379$210$114$21
45 years$1,071$630$355$194$103$18
46 years$1,035$601$334$179$94$16
47 years$1,002$574$314$166$85$14
48 years$970$548$295$153$77$12
49 years$939$523$277$141$70$10
50 years$910$500$260$131$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $932,000, adding $5,989 every year, while hoping to spend $30,903 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: 64/22/14 Blend
66$932,000$932,000$932,000$932,000
67$1,033,242$983,846$969,400$1,095,540
68$1,105,752$999,174$968,994$1,153,313
69$1,184,622$1,014,217$967,539$1,212,283
70$1,270,469$1,028,929$964,967$1,275,939
71$1,363,970$1,043,260$961,207$1,344,735
72$1,465,872$1,057,156$956,184$1,419,176
73$1,576,995$1,070,561$949,820$1,499,817
74$1,698,243$1,083,413$942,033$1,587,268
75$1,830,610$1,095,647$932,739$1,682,203
76$1,975,193$1,107,194$921,845$1,785,367
77$2,133,195$1,117,979$909,260$1,897,578
78$2,305,945$1,127,923$894,884$2,019,740
79$2,494,902$1,136,943$878,614$2,152,850
80$2,701,677$1,144,947$860,341$2,298,005
81$2,928,039$1,151,841$839,954$2,456,416
82$3,175,941$1,157,523$817,335$2,629,420
83$3,447,529$1,161,885$792,358$2,818,487
84$3,745,171$1,164,810$764,895$3,025,243
85$4,071,470$1,166,178$734,811$3,251,476
86$4,429,298$1,165,858$701,965$3,499,159
87$4,821,814$1,163,713$666,208$3,770,470
88$5,252,499$1,159,595$627,386$4,067,807
89$5,725,188$1,153,349$585,338$4,393,816
90$6,244,105$1,144,811$539,895$4,751,412
91$6,813,902$1,133,806$490,880$5,143,813
92$7,439,705$1,120,147$438,109$5,574,562
93$8,127,160$1,103,639$381,391$6,047,570
94$8,882,486$1,084,073$320,523$6,567,145
95$9,712,535$1,061,228$255,296$7,138,040
96$10,624,857$1,034,872$185,492$7,765,493
97$11,627,767$1,004,755$110,881$8,455,279
98$12,730,428$970,617$31,224$9,213,765
99$13,942,934$932,180$0$10,047,972
100$15,276,407$889,150$0$10,973,671