Can I retire at age 67 with 932,000?

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 $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%16.3%
1 years$76,964$76,278$75,609$74,956$74,319$72,405
2 years$38,101$37,391$36,704$36,037$35,390$33,474
3 years$25,148$24,436$23,750$23,089$22,453$20,595
4 years$18,673$17,963$17,284$16,634$16,014$14,229
5 years$14,789$14,083$13,413$12,777$12,173$10,466
6 years$12,201$11,500$10,840$10,218$9,632$8,004
7 years$10,353$9,658$9,008$8,401$7,834$6,285
8 years$8,967$8,278$7,639$7,047$6,499$5,029
9 years$7,890$7,208$6,580$6,002$5,473$4,080
10 years$7,029$6,353$5,736$5,174$4,663$3,346
11 years$6,325$5,656$5,050$4,503$4,010$2,767
12 years$5,738$5,076$4,482$3,950$3,475$2,304
13 years$5,243$4,588$4,004$3,487$3,031$1,928
14 years$4,818$4,170$3,598$3,095$2,657$1,621
15 years$4,450$3,809$3,248$2,761$2,339$1,367
16 years$4,129$3,495$2,945$2,472$2,067$1,157
17 years$3,846$3,219$2,680$2,221$1,833$981
18 years$3,594$2,974$2,446$2,001$1,630$834
19 years$3,370$2,757$2,240$1,809$1,453$710
20 years$3,168$2,562$2,055$1,638$1,298$605
21 years$2,985$2,386$1,891$1,487$1,161$517
22 years$2,819$2,227$1,742$1,352$1,041$442
23 years$2,668$2,083$1,609$1,231$934$378
24 years$2,530$1,952$1,488$1,123$840$323
25 years$2,403$1,832$1,378$1,025$756$277
26 years$2,286$1,721$1,278$937$681$237
27 years$2,178$1,620$1,187$858$614$204
28 years$2,077$1,527$1,103$786$554$175
29 years$1,984$1,440$1,027$721$500$150
30 years$1,897$1,360$956$662$452$129
31 years$1,816$1,286$892$608$408$110
32 years$1,740$1,217$832$558$369$95
33 years$1,669$1,152$777$514$334$81
34 years$1,602$1,092$726$473$303$70
35 years$1,539$1,036$679$435$274$60
36 years$1,480$983$635$401$248$52
37 years$1,424$934$594$369$225$44
38 years$1,372$887$556$340$204$38
39 years$1,322$844$521$314$185$33
40 years$1,274$803$489$289$168$28
41 years$1,229$764$458$267$152$24
42 years$1,187$728$430$246$138$21
43 years$1,146$693$403$227$125$18
44 years$1,107$661$379$210$114$15
45 years$1,071$630$355$194$103$13
46 years$1,035$601$334$179$94$11
47 years$1,002$574$314$166$85$10
48 years$970$548$295$153$77$8
49 years$939$523$277$141$70$7
50 years$910$500$260$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $932,000, adding $6,676 every year, while hoping to spend $34,018 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: 69/6/25 Blend
66$932,000$932,000$932,000$932,000
67$1,033,950$984,554$970,108$1,098,252
68$1,103,218$996,603$966,412$1,154,245
69$1,178,412$1,008,101$961,452$1,210,956
70$1,260,098$1,018,987$955,149$1,272,222
71$1,348,904$1,029,193$947,423$1,338,493
72$1,445,517$1,038,648$938,186$1,410,266
73$1,550,694$1,047,276$927,349$1,488,089
74$1,665,267$1,054,995$914,817$1,572,565
75$1,790,153$1,061,718$900,493$1,664,360
76$1,926,361$1,067,355$884,272$1,764,209
77$2,075,001$1,071,807$866,046$1,872,923
78$2,237,295$1,074,969$845,703$1,991,394
79$2,414,589$1,076,732$823,123$2,120,608
80$2,608,363$1,076,978$798,184$2,261,653
81$2,820,247$1,075,581$770,754$2,415,725
82$3,052,037$1,072,410$740,700$2,584,149
83$3,305,710$1,067,323$707,878$2,768,380
84$3,583,442$1,060,171$672,142$2,970,026
85$3,887,630$1,050,796$633,335$3,190,861
86$4,220,914$1,039,031$591,297$3,432,839
87$4,586,200$1,024,696$545,858$3,698,115
88$4,986,689$1,007,603$496,842$3,989,067
89$5,425,909$987,553$444,063$4,308,316
90$5,907,742$964,334$387,330$4,658,751
91$6,436,467$937,721$326,441$5,043,559
92$7,016,795$907,477$261,184$5,466,255
93$7,653,916$873,352$191,342$5,930,712
94$8,353,548$835,079$116,684$6,441,202
95$9,121,988$792,376$36,972$7,002,434
96$9,966,176$744,947$0$7,619,601
97$10,893,753$692,477$0$8,311,257
98$11,913,141$634,634$0$9,082,243
99$13,033,616$571,065$0$9,929,718
100$14,265,397$501,399$0$10,861,428