Can I retire at age 67 with 943,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$77,872$77,178$76,502$75,841$75,196$72,528
2 years$38,551$37,833$37,137$36,462$35,808$33,148
3 years$25,445$24,724$24,030$23,362$22,718$20,150
4 years$18,894$18,175$17,488$16,831$16,203$13,747
5 years$14,964$14,249$13,571$12,928$12,317$9,979
6 years$12,345$11,636$10,967$10,338$9,746$7,528
7 years$10,475$9,772$9,114$8,500$7,926$5,828
8 years$9,073$8,376$7,729$7,130$6,575$4,595
9 years$7,983$7,293$6,657$6,073$5,537$3,672
10 years$7,112$6,428$5,804$5,235$4,718$2,964
11 years$6,399$5,723$5,110$4,556$4,058$2,412
12 years$5,806$5,136$4,535$3,996$3,516$1,975
13 years$5,305$4,642$4,052$3,528$3,066$1,625
14 years$4,875$4,219$3,640$3,132$2,688$1,343
15 years$4,503$3,854$3,287$2,793$2,367$1,113
16 years$4,178$3,536$2,980$2,501$2,092$925
17 years$3,891$3,257$2,712$2,247$1,855$770
18 years$3,637$3,009$2,475$2,025$1,649$643
19 years$3,409$2,789$2,266$1,830$1,470$537
20 years$3,205$2,592$2,080$1,657$1,313$449
21 years$3,020$2,414$1,913$1,504$1,175$376
22 years$2,853$2,254$1,763$1,368$1,053$315
23 years$2,700$2,108$1,628$1,245$945$264
24 years$2,560$1,975$1,505$1,136$850$222
25 years$2,431$1,853$1,394$1,037$765$186
26 years$2,313$1,742$1,293$949$689$156
27 years$2,203$1,639$1,201$868$621$131
28 years$2,102$1,545$1,116$795$560$110
29 years$2,007$1,457$1,039$729$506$93
30 years$1,920$1,376$968$669$457$78
31 years$1,837$1,301$902$615$413$66
32 years$1,761$1,231$842$565$374$55
33 years$1,689$1,166$786$520$338$46
34 years$1,621$1,105$734$478$306$39
35 years$1,558$1,048$687$440$277$33
36 years$1,498$995$642$405$251$28
37 years$1,441$945$601$373$228$23
38 years$1,388$898$563$344$207$20
39 years$1,337$854$527$317$187$16
40 years$1,289$812$494$293$170$14
41 years$1,244$773$464$270$154$12
42 years$1,201$736$435$249$140$10
43 years$1,160$702$408$230$127$8
44 years$1,120$669$383$212$115$7
45 years$1,083$638$360$196$105$6
46 years$1,048$608$338$181$95$5
47 years$1,014$581$317$167$86$4
48 years$981$554$298$155$78$3
49 years$950$529$280$143$71$3
50 years$921$506$263$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $943,000, adding $3,333 every year, while hoping to spend $45,841 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: 68/26/6 Blend
66$943,000$943,000$943,000$943,000
67$1,042,624$992,645$978,028$1,112,393
68$1,100,197$992,510$962,018$1,158,898
69$1,162,106$990,832$943,935$1,203,841
70$1,228,746$987,487$923,661$1,251,741
71$1,300,547$982,344$901,073$1,302,881
72$1,377,987$975,262$876,043$1,357,569
73$1,461,585$966,094$848,434$1,416,148
74$1,551,917$954,683$818,107$1,478,997
75$1,649,612$940,862$784,913$1,546,533
76$1,755,363$924,454$748,698$1,619,219
77$1,869,931$905,274$709,300$1,697,563
78$1,994,154$883,123$666,552$1,782,129
79$2,128,953$857,791$620,277$1,873,540
80$2,275,341$829,057$570,290$1,972,482
81$2,434,431$796,686$516,400$2,079,715
82$2,607,448$760,429$458,405$2,196,076
83$2,795,742$720,024$396,096$2,322,491
84$3,000,795$675,193$329,253$2,459,983
85$3,224,240$625,641$257,647$2,609,681
86$3,467,874$571,058$181,039$2,772,832
87$3,733,673$511,116$99,179$2,950,812
88$4,023,814$445,467$11,808$3,145,142
89$4,340,692$373,745$0$3,357,500
90$4,686,945$295,561$0$3,594,953
91$5,065,477$210,506$0$3,855,479
92$5,479,483$118,148$0$4,140,598
93$5,932,484$18,031$0$4,452,824
94$6,428,354$0$0$4,794,930
95$6,971,362$0$0$5,195,817
96$7,566,208$0$0$5,640,681
97$8,218,066$0$0$6,128,240
98$8,932,638$0$0$6,662,764
99$9,716,199$0$0$7,248,958
100$10,575,666$0$0$7,892,001