Can I retire at age 67 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$78,533$77,833$77,151$76,485$75,834$75,136
2 years$38,878$38,154$37,452$36,771$36,111$35,408
3 years$25,661$24,934$24,234$23,560$22,911$22,224
4 years$19,054$18,329$17,636$16,974$16,340$15,675
5 years$15,091$14,370$13,686$13,037$12,421$11,780
6 years$12,449$11,734$11,061$10,426$9,829$9,212
7 years$10,564$9,854$9,191$8,572$7,993$7,402
8 years$9,150$8,447$7,795$7,191$6,631$6,064
9 years$8,051$7,355$6,714$6,125$5,584$5,042
10 years$7,172$6,483$5,853$5,280$4,758$4,240
11 years$6,454$5,771$5,153$4,595$4,092$3,598
12 years$5,855$5,180$4,573$4,030$3,546$3,076
13 years$5,350$4,681$4,086$3,558$3,092$2,645
14 years$4,916$4,255$3,671$3,159$2,711$2,286
15 years$4,541$3,887$3,315$2,817$2,387$1,983
16 years$4,213$3,566$3,005$2,522$2,109$1,727
17 years$3,924$3,284$2,735$2,266$1,870$1,508
18 years$3,668$3,035$2,496$2,042$1,663$1,321
19 years$3,438$2,813$2,285$1,845$1,482$1,159
20 years$3,232$2,614$2,097$1,671$1,324$1,019
21 years$3,046$2,435$1,929$1,517$1,185$897
22 years$2,877$2,273$1,778$1,379$1,062$791
23 years$2,723$2,126$1,642$1,256$953$699
24 years$2,581$1,992$1,518$1,146$857$618
25 years$2,452$1,869$1,406$1,046$771$546
26 years$2,332$1,756$1,304$957$695$484
27 years$2,222$1,653$1,211$876$626$429
28 years$2,120$1,558$1,126$802$565$380
29 years$2,024$1,469$1,048$736$510$337
30 years$1,936$1,388$976$675$461$299
31 years$1,853$1,312$910$620$417$266
32 years$1,776$1,241$849$570$377$236
33 years$1,703$1,176$793$524$341$210
34 years$1,635$1,114$741$482$309$187
35 years$1,571$1,057$692$444$280$166
36 years$1,510$1,003$648$409$254$148
37 years$1,453$953$606$377$230$131
38 years$1,399$905$568$347$208$117
39 years$1,348$861$532$320$189$104
40 years$1,300$819$499$295$171$93
41 years$1,254$780$467$272$155$82
42 years$1,211$743$438$251$141$73
43 years$1,169$707$411$232$128$65
44 years$1,130$674$386$214$116$58
45 years$1,092$643$363$198$105$52
46 years$1,057$613$341$183$96$46
47 years$1,022$585$320$169$87$41
48 years$990$559$301$156$79$37
49 years$958$534$283$144$72$33
50 years$929$510$266$133$65$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $951,000, adding $5,018 every year, while hoping to spend $38,835 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: 49/22/29 Blend
66$951,000$951,000$951,000$951,000
67$1,053,178$1,002,775$988,035$1,095,880
68$1,119,282$1,010,591$979,814$1,134,191
69$1,190,827$1,017,488$970,016$1,171,571
70$1,268,327$1,023,381$958,547$1,211,436
71$1,352,347$1,028,177$945,309$1,254,043
72$1,443,509$1,031,780$930,199$1,299,672
73$1,542,496$1,034,086$913,110$1,348,637
74$1,650,059$1,034,985$893,928$1,401,284
75$1,767,027$1,034,361$872,535$1,457,999
76$1,894,307$1,032,088$848,809$1,519,206
77$2,032,902$1,028,037$822,620$1,585,378
78$2,183,914$1,022,066$793,833$1,657,037
79$2,348,553$1,014,027$762,307$1,734,760
80$2,528,155$1,003,764$727,894$1,819,187
81$2,724,188$991,109$690,439$1,911,028
82$2,938,268$975,887$649,782$2,011,066
83$3,172,176$957,909$605,754$2,120,168
84$3,427,869$936,978$558,178$2,239,294
85$3,707,505$912,884$506,870$2,369,504
86$4,013,459$885,403$451,639$2,511,973
87$4,348,345$854,301$392,282$2,667,997
88$4,715,043$819,329$328,591$2,839,012
89$5,116,725$780,224$260,345$3,026,604
90$5,556,881$736,705$187,318$3,232,525
91$6,039,358$688,479$109,268$3,458,712
92$6,568,392$635,234$25,948$3,707,307
93$7,148,648$576,640$0$3,980,673
94$7,785,263$512,348$0$4,300,910
95$8,483,897$441,991$0$4,661,254
96$9,250,786$365,179$0$5,056,942
97$10,092,795$281,502$0$5,491,588
98$11,017,490$190,525$0$5,969,176
99$12,033,203$91,790$0$6,494,098
100$13,149,115$0$0$7,071,200