Can I retire at age 67 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$77,789$77,097$76,421$75,761$75,116$74,643
2 years$38,510$37,792$37,097$36,423$35,770$35,292
3 years$25,418$24,698$24,004$23,337$22,694$22,227
4 years$18,874$18,155$17,469$16,813$16,185$15,733
5 years$14,948$14,234$13,557$12,914$12,304$11,867
6 years$12,332$11,623$10,956$10,327$9,736$9,315
7 years$10,464$9,761$9,104$8,491$7,918$7,513
8 years$9,063$8,367$7,721$7,123$6,568$6,180
9 years$7,975$7,285$6,650$6,067$5,532$5,160
10 years$7,104$6,421$5,798$5,230$4,713$4,357
11 years$6,393$5,717$5,104$4,551$4,054$3,714
12 years$5,800$5,131$4,530$3,992$3,513$3,188
13 years$5,299$4,637$4,047$3,525$3,063$2,754
14 years$4,870$4,215$3,636$3,129$2,685$2,391
15 years$4,498$3,850$3,283$2,790$2,364$2,084
16 years$4,173$3,533$2,977$2,498$2,089$1,824
17 years$3,887$3,253$2,709$2,245$1,853$1,601
18 years$3,633$3,006$2,473$2,023$1,647$1,408
19 years$3,406$2,786$2,264$1,828$1,468$1,242
20 years$3,202$2,589$2,077$1,656$1,312$1,098
21 years$3,017$2,412$1,911$1,503$1,174$972
22 years$2,850$2,251$1,761$1,366$1,052$861
23 years$2,697$2,105$1,626$1,244$944$765
24 years$2,557$1,973$1,504$1,135$849$679
25 years$2,429$1,851$1,393$1,036$764$604
26 years$2,310$1,740$1,292$948$688$538
27 years$2,201$1,637$1,200$867$620$480
28 years$2,100$1,543$1,115$795$560$428
29 years$2,005$1,456$1,038$729$505$382
30 years$1,918$1,375$967$669$457$341
31 years$1,836$1,299$901$614$413$304
32 years$1,759$1,230$841$564$373$272
33 years$1,687$1,164$785$519$338$243
34 years$1,619$1,104$734$478$306$217
35 years$1,556$1,047$686$440$277$194
36 years$1,496$994$642$405$251$174
37 years$1,440$944$600$373$228$156
38 years$1,386$897$562$344$206$139
39 years$1,336$853$527$317$187$125
40 years$1,288$811$494$292$170$112
41 years$1,242$772$463$270$154$100
42 years$1,199$736$434$249$140$90
43 years$1,158$701$408$230$127$80
44 years$1,119$668$383$212$115$72
45 years$1,082$637$359$196$104$65
46 years$1,047$608$337$181$95$58
47 years$1,013$580$317$167$86$52
48 years$980$554$298$155$78$46
49 years$949$529$280$143$71$42
50 years$920$505$263$132$65$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $942,000, adding $4,787 every year, while hoping to spend $28,198 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: 68/20/12 Blend
66$942,000$942,000$942,000$942,000
67$1,043,022$993,096$978,495$1,110,893
68$1,119,408$1,011,755$981,272$1,175,298
69$1,202,640$1,030,383$983,197$1,241,895
70$1,293,386$1,048,950$984,212$1,313,999
71$1,392,384$1,067,421$984,255$1,392,148
72$1,500,442$1,085,759$983,262$1,476,933
73$1,618,452$1,103,926$981,166$1,569,005
74$1,747,395$1,121,880$977,897$1,669,083
75$1,888,353$1,139,575$973,379$1,777,958
76$2,042,513$1,156,963$967,536$1,896,501
77$2,211,187$1,173,991$960,286$2,025,673
78$2,395,817$1,190,605$951,544$2,166,532
79$2,597,989$1,206,744$941,220$2,320,245
80$2,819,454$1,222,345$929,221$2,488,097
81$3,062,138$1,237,339$915,449$2,671,506
82$3,328,160$1,251,653$899,801$2,872,033
83$3,619,858$1,265,209$882,170$3,091,398
84$3,939,804$1,277,925$862,443$3,331,500
85$4,290,833$1,289,712$840,504$3,594,427
86$4,676,065$1,300,475$816,228$3,882,486
87$5,098,939$1,310,114$789,487$4,198,214
88$5,563,243$1,318,522$760,147$4,544,411
89$6,073,148$1,325,584$728,066$4,924,163
90$6,633,251$1,331,179$693,098$5,340,870
91$7,248,615$1,335,179$655,089$5,798,280
92$7,924,817$1,337,446$613,878$6,300,524
93$8,668,002$1,337,835$569,297$6,852,155
94$9,484,940$1,336,191$521,171$7,458,193
95$10,383,090$1,332,350$469,315$8,124,169
96$11,370,667$1,326,137$413,539$8,856,180
97$12,456,724$1,317,367$353,642$9,660,948
98$13,651,236$1,305,844$289,415$10,545,878
99$14,965,193$1,291,361$220,641$11,519,135
100$16,410,701$1,273,696$147,091$12,589,719