Can I retire at age 67 with 941,000?

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 $941,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$77,707$77,015$76,339$75,680$75,037$73,492
2 years$38,469$37,752$37,058$36,385$35,732$34,182
3 years$25,391$24,672$23,979$23,312$22,670$21,164
4 years$18,854$18,136$17,451$16,795$16,168$14,718
5 years$14,932$14,219$13,542$12,900$12,291$10,900
6 years$12,319$11,611$10,944$10,316$9,725$8,395
7 years$10,453$9,751$9,095$8,482$7,909$6,641
8 years$9,054$8,358$7,713$7,115$6,562$5,354
9 years$7,966$7,277$6,643$6,060$5,526$4,378
10 years$7,097$6,415$5,792$5,224$4,708$3,620
11 years$6,386$5,711$5,099$4,547$4,049$3,018
12 years$5,794$5,125$4,525$3,988$3,509$2,534
13 years$5,293$4,632$4,043$3,521$3,060$2,139
14 years$4,865$4,210$3,633$3,125$2,682$1,814
15 years$4,493$3,846$3,280$2,787$2,362$1,545
16 years$4,169$3,529$2,974$2,496$2,087$1,319
17 years$3,883$3,250$2,706$2,242$1,851$1,129
18 years$3,629$3,003$2,470$2,021$1,646$969
19 years$3,402$2,783$2,261$1,826$1,467$833
20 years$3,198$2,586$2,075$1,654$1,310$717
21 years$3,014$2,409$1,909$1,501$1,172$619
22 years$2,847$2,249$1,759$1,365$1,051$534
23 years$2,694$2,103$1,624$1,243$943$461
24 years$2,554$1,971$1,502$1,134$848$399
25 years$2,426$1,849$1,391$1,035$763$345
26 years$2,308$1,738$1,290$947$687$299
27 years$2,199$1,636$1,198$866$620$259
28 years$2,097$1,541$1,114$794$559$225
29 years$2,003$1,454$1,037$728$505$195
30 years$1,915$1,373$966$668$456$169
31 years$1,834$1,298$900$614$412$147
32 years$1,757$1,228$840$564$373$127
33 years$1,685$1,163$784$519$338$111
34 years$1,618$1,102$733$477$306$96
35 years$1,554$1,046$685$439$277$83
36 years$1,495$992$641$404$251$72
37 years$1,438$943$600$373$227$63
38 years$1,385$896$562$344$206$55
39 years$1,334$852$526$317$187$48
40 years$1,286$810$493$292$170$41
41 years$1,241$771$463$270$154$36
42 years$1,198$735$434$249$140$31
43 years$1,157$700$407$230$127$27
44 years$1,118$667$382$212$115$24
45 years$1,081$636$359$196$104$20
46 years$1,045$607$337$181$95$18
47 years$1,012$579$317$167$86$15
48 years$979$553$298$154$78$13
49 years$948$528$280$143$71$12
50 years$919$504$263$132$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $941,000, adding $4,281 every year, while hoping to spend $30,392 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: 48/33/19 Blend
66$941,000$941,000$941,000$941,000
67$1,041,398$991,525$976,939$1,085,615
68$1,115,284$1,007,773$977,330$1,133,026
69$1,195,687$1,023,798$976,715$1,181,056
70$1,283,241$1,039,558$975,029$1,232,568
71$1,378,642$1,055,006$972,202$1,287,902
72$1,482,655$1,070,094$968,163$1,347,430
73$1,596,125$1,084,767$962,836$1,411,567
74$1,719,979$1,098,971$956,140$1,480,768
75$1,855,240$1,112,643$947,993$1,555,536
76$2,003,031$1,125,719$938,308$1,636,427
77$2,164,592$1,138,131$926,993$1,724,054
78$2,341,285$1,149,804$913,952$1,819,095
79$2,534,612$1,160,661$899,086$1,922,295
80$2,746,226$1,170,616$882,288$2,034,480
81$2,977,946$1,179,582$863,450$2,156,561
82$3,231,777$1,187,462$842,456$2,289,542
83$3,509,927$1,194,156$819,187$2,434,533
84$3,814,826$1,199,556$793,516$2,592,757
85$4,149,151$1,203,548$765,313$2,765,565
86$4,515,852$1,206,009$734,438$2,954,448
87$4,918,177$1,206,811$700,749$3,161,051
88$5,359,702$1,205,816$664,096$3,387,189
89$5,844,369$1,202,878$624,320$3,634,867
90$6,376,518$1,197,843$581,258$3,906,293
91$6,960,931$1,190,545$534,738$4,203,907
92$7,602,875$1,180,811$484,582$4,530,400
93$8,308,154$1,168,456$430,600$4,888,740
94$9,083,159$1,153,284$372,599$5,282,204
95$9,934,933$1,135,087$310,373$5,714,403
96$10,871,235$1,113,645$243,709$6,189,324
97$11,900,612$1,088,725$172,385$6,711,365
98$13,032,482$1,060,080$96,167$7,285,375
99$14,277,220$1,027,448$14,813$7,916,705
100$15,646,257$990,554$0$8,611,257