Can I retire at age 67 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$77,459$76,769$76,096$75,439$74,797$73,197
2 years$38,346$37,632$36,940$36,269$35,618$34,014
3 years$25,310$24,593$23,903$23,238$22,597$21,039
4 years$18,793$18,078$17,395$16,741$16,117$14,616
5 years$14,884$14,174$13,499$12,859$12,252$10,813
6 years$12,279$11,574$10,909$10,283$9,694$8,320
7 years$10,419$9,720$9,066$8,455$7,884$6,573
8 years$9,025$8,332$7,688$7,092$6,541$5,293
9 years$7,941$7,254$6,622$6,041$5,508$4,324
10 years$7,074$6,394$5,773$5,208$4,693$3,570
11 years$6,365$5,692$5,083$4,532$4,036$2,973
12 years$5,775$5,109$4,511$3,975$3,498$2,493
13 years$5,276$4,617$4,030$3,510$3,050$2,102
14 years$4,849$4,197$3,621$3,115$2,674$1,780
15 years$4,479$3,834$3,269$2,778$2,354$1,513
16 years$4,156$3,518$2,964$2,488$2,081$1,291
17 years$3,871$3,240$2,697$2,235$1,845$1,103
18 years$3,618$2,993$2,462$2,014$1,640$945
19 years$3,391$2,774$2,254$1,820$1,462$812
20 years$3,188$2,578$2,069$1,649$1,306$698
21 years$3,004$2,401$1,903$1,496$1,169$601
22 years$2,837$2,242$1,754$1,360$1,048$518
23 years$2,685$2,096$1,619$1,239$940$447
24 years$2,546$1,964$1,497$1,130$845$386
25 years$2,418$1,843$1,387$1,032$761$333
26 years$2,300$1,732$1,286$944$685$288
27 years$2,192$1,630$1,194$864$618$249
28 years$2,091$1,536$1,110$791$557$216
29 years$1,997$1,449$1,033$726$503$187
30 years$1,909$1,369$963$666$455$162
31 years$1,828$1,294$897$612$411$140
32 years$1,751$1,224$837$562$372$122
33 years$1,680$1,159$782$517$337$105
34 years$1,613$1,099$730$476$305$91
35 years$1,549$1,042$683$438$276$79
36 years$1,490$989$639$403$250$69
37 years$1,434$940$598$371$227$60
38 years$1,380$893$560$342$205$52
39 years$1,330$849$525$316$186$45
40 years$1,282$808$492$291$169$39
41 years$1,237$769$461$269$153$34
42 years$1,194$732$432$248$139$29
43 years$1,153$698$406$229$126$25
44 years$1,114$665$381$211$115$22
45 years$1,077$634$358$195$104$19
46 years$1,042$605$336$180$94$17
47 years$1,008$577$316$167$86$14
48 years$976$551$297$154$78$13
49 years$945$526$279$142$71$11
50 years$916$503$262$131$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $938,000, adding $4,773 every year, while hoping to spend $51,174 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: 72/13/15 Blend
66$938,000$938,000$938,000$938,000
67$1,038,599$988,885$974,346$1,109,551
68$1,090,088$982,892$952,538$1,151,243
69$1,145,113$974,890$928,284$1,190,196
70$1,203,981$964,726$901,449$1,231,509
71$1,267,029$952,240$871,889$1,275,403
72$1,334,626$937,260$839,457$1,322,126
73$1,407,176$919,603$803,997$1,371,950
74$1,485,123$899,079$765,346$1,425,175
75$1,568,955$875,483$723,335$1,482,135
76$1,659,207$848,600$677,785$1,543,198
77$1,756,466$818,202$628,511$1,608,770
78$1,861,378$784,046$575,319$1,679,300
79$1,974,653$745,879$518,006$1,755,285
80$2,097,069$703,428$456,361$1,837,274
81$2,229,483$656,409$390,162$1,925,873
82$2,372,837$604,520$319,178$2,021,753
83$2,528,165$547,440$243,169$2,125,654
84$2,696,605$484,832$161,883$2,238,394
85$2,879,409$416,339$75,056$2,360,876
86$3,077,953$341,584$0$2,494,099
87$3,293,751$260,168$0$2,641,984
88$3,528,469$171,672$0$2,815,933
89$3,783,939$75,650$0$3,005,315
90$4,062,177$0$0$3,211,664
91$4,365,402$0$0$3,440,733
92$4,696,056$0$0$3,702,364
93$5,056,827$0$0$3,987,867
94$5,450,671$0$0$4,299,590
95$5,880,847$0$0$4,640,115
96$6,350,937$0$0$5,012,285
97$6,864,890$0$0$5,419,232
98$7,427,050$0$0$5,864,401
99$8,042,201$0$0$6,351,588
100$8,715,612$0$0$6,884,972