Can I retire at age 67 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$78,615$77,915$77,232$76,565$75,914$74,412
2 years$38,918$38,194$37,491$36,810$36,149$34,642
3 years$25,688$24,960$24,259$23,585$22,935$21,470
4 years$19,074$18,348$17,655$16,991$16,357$14,945
5 years$15,107$14,385$13,701$13,051$12,434$11,080
6 years$12,463$11,747$11,072$10,437$9,839$8,544
7 years$10,575$9,865$9,201$8,581$8,002$6,765
8 years$9,159$8,456$7,803$7,198$6,638$5,461
9 years$8,059$7,362$6,721$6,131$5,590$4,471
10 years$7,180$6,490$5,859$5,285$4,763$3,701
11 years$6,460$5,777$5,159$4,600$4,097$3,090
12 years$5,862$5,185$4,578$4,035$3,550$2,598
13 years$5,355$4,686$4,090$3,562$3,096$2,196
14 years$4,921$4,260$3,675$3,162$2,714$1,865
15 years$4,546$3,891$3,318$2,820$2,389$1,590
16 years$4,218$3,570$3,008$2,525$2,112$1,360
17 years$3,928$3,288$2,737$2,269$1,872$1,166
18 years$3,671$3,038$2,499$2,044$1,665$1,002
19 years$3,442$2,816$2,288$1,847$1,484$862
20 years$3,236$2,617$2,100$1,673$1,325$744
21 years$3,049$2,437$1,931$1,518$1,186$642
22 years$2,880$2,275$1,780$1,381$1,063$555
23 years$2,725$2,128$1,643$1,257$954$481
24 years$2,584$1,994$1,520$1,147$858$416
25 years$2,454$1,871$1,408$1,047$772$361
26 years$2,335$1,758$1,306$958$695$313
27 years$2,224$1,655$1,212$877$627$272
28 years$2,122$1,559$1,127$803$566$236
29 years$2,027$1,471$1,049$736$511$205
30 years$1,938$1,389$977$676$461$178
31 years$1,855$1,313$911$621$417$155
32 years$1,778$1,243$850$570$377$135
33 years$1,705$1,177$793$525$342$117
34 years$1,637$1,115$741$483$309$102
35 years$1,572$1,058$693$444$280$89
36 years$1,512$1,004$648$409$254$77
37 years$1,455$954$607$377$230$67
38 years$1,401$906$568$348$209$58
39 years$1,350$862$532$320$189$51
40 years$1,302$820$499$296$172$44
41 years$1,256$781$468$273$156$39
42 years$1,212$743$439$252$141$34
43 years$1,171$708$412$232$128$29
44 years$1,131$675$387$214$116$25
45 years$1,094$644$363$198$106$22
46 years$1,058$614$341$183$96$19
47 years$1,023$586$320$169$87$17
48 years$991$559$301$156$79$15
49 years$959$534$283$144$72$13
50 years$929$510$266$133$65$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $952,000, adding $4,534 every year, while hoping to spend $21,801 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: 60/16/24 Blend
66$952,000$952,000$952,000$952,000
67$1,053,781$1,003,325$988,569$1,110,002
68$1,138,070$1,029,292$998,490$1,174,702
69$1,230,227$1,055,800$1,008,012$1,242,503
70$1,331,029$1,082,854$1,017,100$1,316,007
71$1,441,337$1,110,456$1,025,715$1,395,771
72$1,562,093$1,138,608$1,033,817$1,482,412
73$1,694,340$1,167,313$1,041,363$1,576,607
74$1,839,222$1,196,571$1,048,308$1,679,102
75$1,998,002$1,226,383$1,054,606$1,790,721
76$2,172,070$1,256,747$1,060,207$1,912,371
77$2,362,957$1,287,663$1,065,060$2,045,049
78$2,572,348$1,319,128$1,069,109$2,189,859
79$2,802,100$1,351,139$1,072,297$2,348,011
80$3,054,260$1,383,690$1,074,564$2,520,844
81$3,331,079$1,416,776$1,075,847$2,709,830
82$3,635,041$1,450,389$1,076,080$2,916,593
83$3,968,879$1,484,522$1,075,192$3,142,923
84$4,335,605$1,519,164$1,073,111$3,390,790
85$4,738,537$1,554,303$1,069,760$3,662,367
86$5,181,330$1,589,926$1,065,059$3,960,050
87$5,668,010$1,626,018$1,058,924$4,286,478
88$6,203,015$1,662,561$1,051,266$4,644,559
89$6,791,232$1,699,535$1,041,993$5,037,498
90$7,438,046$1,736,920$1,031,007$5,468,829
91$8,149,389$1,774,692$1,018,209$5,942,446
92$8,931,798$1,812,823$1,003,490$6,462,638
93$9,792,474$1,851,284$986,740$7,034,137
94$10,739,353$1,890,044$967,842$7,662,153
95$11,781,177$1,929,066$946,675$8,352,433
96$12,927,579$1,968,312$923,110$9,111,306
97$14,189,173$2,007,740$897,015$9,945,751
98$15,577,653$2,047,303$868,249$10,863,457
99$17,105,905$2,086,953$836,667$11,872,902
100$18,788,128$2,126,635$802,117$12,983,425