Can I retire at age 67 with 943,000?

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 $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%12.1%
1 years$77,872$77,178$76,502$75,841$75,196$74,535
2 years$38,551$37,833$37,137$36,462$35,808$35,141
3 years$25,445$24,724$24,030$23,362$22,718$22,067
4 years$18,894$18,175$17,488$16,831$16,203$15,572
5 years$14,964$14,249$13,571$12,928$12,317$11,709
6 years$12,345$11,636$10,967$10,338$9,746$9,161
7 years$10,475$9,772$9,114$8,500$7,926$7,365
8 years$9,073$8,376$7,729$7,130$6,575$6,038
9 years$7,983$7,293$6,657$6,073$5,537$5,023
10 years$7,112$6,428$5,804$5,235$4,718$4,227
11 years$6,399$5,723$5,110$4,556$4,058$3,589
12 years$5,806$5,136$4,535$3,996$3,516$3,070
13 years$5,305$4,642$4,052$3,528$3,066$2,641
14 years$4,875$4,219$3,640$3,132$2,688$2,284
15 years$4,503$3,854$3,287$2,793$2,367$1,983
16 years$4,178$3,536$2,980$2,501$2,092$1,728
17 years$3,891$3,257$2,712$2,247$1,855$1,510
18 years$3,637$3,009$2,475$2,025$1,649$1,323
19 years$3,409$2,789$2,266$1,830$1,470$1,162
20 years$3,205$2,592$2,080$1,657$1,313$1,023
21 years$3,020$2,414$1,913$1,504$1,175$901
22 years$2,853$2,254$1,763$1,368$1,053$795
23 years$2,700$2,108$1,628$1,245$945$703
24 years$2,560$1,975$1,505$1,136$850$622
25 years$2,431$1,853$1,394$1,037$765$550
26 years$2,313$1,742$1,293$949$689$488
27 years$2,203$1,639$1,201$868$621$433
28 years$2,102$1,545$1,116$795$560$384
29 years$2,007$1,457$1,039$729$506$341
30 years$1,920$1,376$968$669$457$303
31 years$1,837$1,301$902$615$413$269
32 years$1,761$1,231$842$565$374$239
33 years$1,689$1,166$786$520$338$213
34 years$1,621$1,105$734$478$306$189
35 years$1,558$1,048$687$440$277$169
36 years$1,498$995$642$405$251$150
37 years$1,441$945$601$373$228$134
38 years$1,388$898$563$344$207$119
39 years$1,337$854$527$317$187$106
40 years$1,289$812$494$293$170$95
41 years$1,244$773$464$270$154$84
42 years$1,201$736$435$249$140$75
43 years$1,160$702$408$230$127$67
44 years$1,120$669$383$212$115$60
45 years$1,083$638$360$196$105$53
46 years$1,048$608$338$181$95$47
47 years$1,014$581$317$167$86$42
48 years$981$554$298$155$78$38
49 years$950$529$280$143$71$34
50 years$921$506$263$132$65$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $943,000, adding $5,415 every year, while hoping to spend $56,945 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: 70/19/11 Blend
66$943,000$943,000$943,000$943,000
67$1,044,772$994,793$980,176$1,115,169
68$1,090,749$982,948$952,423$1,150,705
69$1,139,508$968,615$921,832$1,182,144
70$1,191,272$951,611$888,247$1,215,033
71$1,246,284$931,743$851,506$1,249,505
72$1,304,814$908,807$811,440$1,285,705
73$1,367,153$882,586$767,871$1,323,796
74$1,433,621$852,852$720,613$1,363,959
75$1,504,571$819,362$669,474$1,406,395
76$1,580,386$781,859$614,250$1,451,326
77$1,661,488$740,073$554,731$1,499,000
78$1,748,339$693,717$490,694$1,549,691
79$1,841,447$642,486$421,909$1,603,703
80$1,941,368$586,061$348,136$1,661,376
81$2,048,711$524,101$269,122$1,723,082
82$2,164,147$456,250$184,605$1,789,238
83$2,288,411$382,127$94,310$1,860,306
84$2,422,310$301,333$0$1,936,795
85$2,566,733$213,446$0$2,019,513
86$2,722,654$118,018$0$2,120,676
87$2,891,142$14,579$0$2,229,934
88$3,073,377$0$0$2,348,096
89$3,270,650$0$0$2,496,413
90$3,484,384$0$0$2,660,451
91$3,716,144$0$0$2,838,367
92$3,967,648$0$0$3,031,487
93$4,240,787$0$0$3,241,269
94$4,537,643$0$0$3,469,316
95$4,860,504$0$0$3,717,393
96$5,211,887$0$0$3,987,442
97$5,594,562$0$0$4,281,599
98$6,011,580$0$0$4,602,213
99$6,466,293$0$0$4,951,873
100$6,962,396$0$0$5,333,425