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%16.6%
1 years$78,533$77,833$77,151$76,485$75,834$73,791
2 years$38,878$38,154$37,452$36,771$36,111$34,068
3 years$25,661$24,934$24,234$23,560$22,911$20,930
4 years$19,054$18,329$17,636$16,974$16,340$14,438
5 years$15,091$14,370$13,686$13,037$12,421$10,603
6 years$12,449$11,734$11,061$10,426$9,829$8,096
7 years$10,564$9,854$9,191$8,572$7,993$6,346
8 years$9,150$8,447$7,795$7,191$6,631$5,069
9 years$8,051$7,355$6,714$6,125$5,584$4,105
10 years$7,172$6,483$5,853$5,280$4,758$3,361
11 years$6,454$5,771$5,153$4,595$4,092$2,774
12 years$5,855$5,180$4,573$4,030$3,546$2,305
13 years$5,350$4,681$4,086$3,558$3,092$1,925
14 years$4,916$4,255$3,671$3,159$2,711$1,615
15 years$4,541$3,887$3,315$2,817$2,387$1,359
16 years$4,213$3,566$3,005$2,522$2,109$1,148
17 years$3,924$3,284$2,735$2,266$1,870$971
18 years$3,668$3,035$2,496$2,042$1,663$824
19 years$3,438$2,813$2,285$1,845$1,482$700
20 years$3,232$2,614$2,097$1,671$1,324$595
21 years$3,046$2,435$1,929$1,517$1,185$507
22 years$2,877$2,273$1,778$1,379$1,062$432
23 years$2,723$2,126$1,642$1,256$953$369
24 years$2,581$1,992$1,518$1,146$857$315
25 years$2,452$1,869$1,406$1,046$771$269
26 years$2,332$1,756$1,304$957$695$230
27 years$2,222$1,653$1,211$876$626$197
28 years$2,120$1,558$1,126$802$565$168
29 years$2,024$1,469$1,048$736$510$144
30 years$1,936$1,388$976$675$461$123
31 years$1,853$1,312$910$620$417$106
32 years$1,776$1,241$849$570$377$91
33 years$1,703$1,176$793$524$341$78
34 years$1,635$1,114$741$482$309$66
35 years$1,571$1,057$692$444$280$57
36 years$1,510$1,003$648$409$254$49
37 years$1,453$953$606$377$230$42
38 years$1,399$905$568$347$208$36
39 years$1,348$861$532$320$189$31
40 years$1,300$819$499$295$171$26
41 years$1,254$780$467$272$155$23
42 years$1,211$743$438$251$141$19
43 years$1,169$707$411$232$128$17
44 years$1,130$674$386$214$116$14
45 years$1,092$643$363$198$105$12
46 years$1,057$613$341$183$96$10
47 years$1,022$585$320$169$87$9
48 years$990$559$301$156$79$8
49 years$958$534$283$144$72$7
50 years$929$510$266$133$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $951,000, adding $5,288 every year, while hoping to spend $34,389 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: 46/36/18 Blend
66$951,000$951,000$951,000$951,000
67$1,053,457$1,003,054$988,313$1,096,282
68$1,124,320$1,015,614$984,832$1,139,268
69$1,201,258$1,027,636$980,082$1,182,007
70$1,284,855$1,039,060$973,983$1,227,647
71$1,375,753$1,049,816$966,454$1,276,473
72$1,474,657$1,059,835$957,408$1,328,800
73$1,582,345$1,069,039$946,754$1,384,975
74$1,699,671$1,077,349$934,397$1,445,385
75$1,827,576$1,084,678$920,238$1,510,454
76$1,967,096$1,090,934$904,173$1,580,654
77$2,119,369$1,096,019$886,092$1,656,505
78$2,285,650$1,099,830$865,882$1,738,584
79$2,467,321$1,102,255$843,423$1,827,525
80$2,665,901$1,103,179$818,591$1,924,033
81$2,883,063$1,102,475$791,254$2,028,884
82$3,120,651$1,100,012$761,277$2,142,937
83$3,380,694$1,095,649$728,516$2,267,141
84$3,665,426$1,089,237$692,823$2,402,546
85$3,977,308$1,080,618$654,040$2,550,309
86$4,319,049$1,069,624$612,006$2,711,710
87$4,693,633$1,056,077$566,549$2,888,164
88$5,104,347$1,039,788$517,492$3,081,233
89$5,554,810$1,020,558$464,648$3,292,640
90$6,049,010$998,174$407,824$3,524,292
91$6,591,339$972,414$346,815$3,778,293
92$7,186,633$943,040$281,410$4,056,965
93$7,840,220$909,800$211,389$4,362,874
94$8,557,971$872,428$136,518$4,698,852
95$9,346,351$830,644$56,559$5,068,025
96$10,212,482$784,149$0$5,473,846
97$11,164,213$732,630$0$5,925,650
98$12,210,187$675,753$0$6,434,069
99$13,359,927$613,167$0$6,992,923
100$14,623,927$544,499$0$7,607,390