Can I retire at age 67 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$77,542$76,851$76,177$75,519$74,877$73,516
2 years$38,387$37,672$36,979$36,307$35,656$34,289
3 years$25,337$24,619$23,928$23,263$22,622$21,292
4 years$18,813$18,098$17,413$16,759$16,134$14,852
5 years$14,900$14,189$13,514$12,873$12,265$11,034
6 years$12,292$11,586$10,921$10,294$9,705$8,526
7 years$10,430$9,730$9,075$8,464$7,892$6,767
8 years$9,034$8,340$7,697$7,100$6,548$5,475
9 years$7,949$7,262$6,629$6,048$5,514$4,493
10 years$7,082$6,401$5,779$5,213$4,698$3,728
11 years$6,372$5,698$5,088$4,537$4,041$3,121
12 years$5,781$5,115$4,516$3,979$3,502$2,630
13 years$5,282$4,622$4,034$3,513$3,053$2,229
14 years$4,854$4,201$3,625$3,119$2,677$1,899
15 years$4,484$3,838$3,273$2,781$2,357$1,623
16 years$4,160$3,521$2,967$2,490$2,083$1,392
17 years$3,875$3,243$2,700$2,238$1,847$1,197
18 years$3,621$2,997$2,465$2,017$1,642$1,031
19 years$3,395$2,777$2,256$1,822$1,464$891
20 years$3,191$2,581$2,071$1,650$1,307$770
21 years$3,007$2,404$1,905$1,498$1,170$667
22 years$2,840$2,244$1,756$1,362$1,049$579
23 years$2,688$2,099$1,621$1,240$941$502
24 years$2,549$1,966$1,499$1,131$846$437
25 years$2,421$1,845$1,388$1,033$761$380
26 years$2,303$1,734$1,288$945$686$330
27 years$2,194$1,632$1,196$865$618$288
28 years$2,093$1,538$1,112$792$558$251
29 years$1,999$1,451$1,034$726$504$218
30 years$1,911$1,370$964$667$455$190
31 years$1,830$1,295$898$612$412$166
32 years$1,753$1,226$838$563$372$145
33 years$1,682$1,161$783$517$337$126
34 years$1,614$1,100$731$476$305$110
35 years$1,551$1,043$684$438$276$96
36 years$1,491$990$639$404$250$84
37 years$1,435$941$599$372$227$73
38 years$1,382$894$561$343$206$64
39 years$1,331$850$525$316$187$56
40 years$1,284$809$492$292$169$49
41 years$1,238$770$462$269$153$43
42 years$1,195$733$433$248$139$37
43 years$1,155$699$406$229$126$33
44 years$1,116$666$381$212$115$29
45 years$1,079$635$358$195$104$25
46 years$1,043$606$336$180$95$22
47 years$1,009$578$316$167$86$19
48 years$977$552$297$154$78$17
49 years$946$527$279$142$71$15
50 years$917$503$262$132$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $939,000, adding $6,958 every year, while hoping to spend $48,010 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: 32/40/28 Blend
66$939,000$939,000$939,000$939,000
67$1,041,955$992,188$977,634$1,066,223
68$1,097,152$989,723$959,302$1,082,938
69$1,156,371$985,528$938,747$1,096,212
70$1,219,969$979,468$915,844$1,109,571
71$1,288,343$971,399$890,462$1,123,057
72$1,361,925$961,168$862,463$1,136,718
73$1,441,190$948,614$831,705$1,150,614
74$1,526,662$933,567$798,037$1,164,814
75$1,618,913$915,844$761,303$1,179,398
76$1,718,575$895,253$721,340$1,194,462
77$1,826,340$871,591$677,975$1,210,114
78$1,942,970$844,642$631,031$1,226,481
79$2,069,303$814,178$580,320$1,243,708
80$2,206,257$779,959$525,646$1,261,964
81$2,354,847$741,728$466,807$1,281,438
82$2,516,184$699,216$403,588$1,302,348
83$2,691,494$652,137$335,767$1,324,942
84$2,882,124$600,189$263,112$1,349,501
85$3,089,554$543,052$185,380$1,376,343
86$3,315,417$480,389$102,318$1,405,830
87$3,561,505$411,844$13,662$1,438,366
88$3,829,793$337,039$0$1,474,412
89$4,122,455$255,577$0$1,538,668
90$4,441,882$167,037$0$1,613,456
91$4,790,708$70,975$0$1,695,433
92$5,171,829$0$0$1,785,423
93$5,588,438$0$0$1,898,903
94$6,044,047$0$0$2,057,307
95$6,542,524$0$0$2,230,757
96$7,088,129$0$0$2,420,753
97$7,685,550$0$0$2,628,945
98$8,339,953$0$0$2,857,153
99$9,057,025$0$0$3,107,380
100$9,843,030$0$0$3,381,833