Can I retire at age 67 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$78,698$77,997$77,313$76,645$75,994$73,356
2 years$38,959$38,234$37,531$36,849$36,187$33,557
3 years$25,715$24,986$24,285$23,609$22,959$20,419
4 years$19,094$18,367$17,673$17,009$16,374$13,944
5 years$15,122$14,400$13,715$13,065$12,448$10,133
6 years$12,476$11,759$11,084$10,448$9,849$7,652
7 years$10,586$9,875$9,211$8,590$8,010$5,931
8 years$9,169$8,465$7,811$7,206$6,645$4,681
9 years$8,068$7,370$6,728$6,138$5,596$3,746
10 years$7,187$6,496$5,866$5,291$4,768$3,028
11 years$6,467$5,783$5,164$4,605$4,101$2,467
12 years$5,868$5,191$4,583$4,039$3,554$2,023
13 years$5,361$4,691$4,095$3,566$3,099$1,667
14 years$4,927$4,264$3,679$3,165$2,716$1,379
15 years$4,551$3,895$3,322$2,823$2,392$1,145
16 years$4,222$3,574$3,012$2,528$2,114$953
17 years$3,933$3,291$2,740$2,271$1,874$794
18 years$3,675$3,041$2,502$2,047$1,667$664
19 years$3,446$2,819$2,290$1,849$1,485$555
20 years$3,239$2,619$2,102$1,675$1,327$465
21 years$3,052$2,440$1,933$1,520$1,187$390
22 years$2,883$2,277$1,782$1,382$1,064$328
23 years$2,728$2,130$1,645$1,259$955$275
24 years$2,587$1,996$1,521$1,148$859$231
25 years$2,457$1,873$1,409$1,048$773$195
26 years$2,337$1,760$1,307$959$696$164
27 years$2,227$1,657$1,214$877$628$138
28 years$2,124$1,561$1,128$804$566$116
29 years$2,029$1,473$1,050$737$511$98
30 years$1,940$1,391$978$677$462$82
31 years$1,857$1,315$912$621$418$69
32 years$1,779$1,244$851$571$378$58
33 years$1,707$1,178$794$525$342$49
34 years$1,638$1,117$742$483$310$41
35 years$1,574$1,059$694$445$280$35
36 years$1,514$1,005$649$410$254$29
37 years$1,456$955$607$377$230$25
38 years$1,402$907$569$348$209$21
39 years$1,351$863$533$321$189$18
40 years$1,303$821$500$296$172$15
41 years$1,257$781$468$273$156$13
42 years$1,213$744$439$252$141$11
43 years$1,172$709$412$233$128$9
44 years$1,132$676$387$215$116$8
45 years$1,095$644$363$198$106$6
46 years$1,059$615$341$183$96$5
47 years$1,024$587$321$169$87$4
48 years$992$560$301$156$79$4
49 years$960$535$283$145$72$3
50 years$930$511$266$134$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $953,000, adding $3,127 every year, while hoping to spend $25,350 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: 61/31/8 Blend
66$953,000$953,000$953,000$953,000
67$1,053,432$1,002,923$988,151$1,115,720
68$1,133,909$1,025,093$994,282$1,179,954
69$1,221,746$1,047,501$999,768$1,246,808
70$1,317,666$1,070,131$1,004,562$1,319,113
71$1,422,466$1,092,965$1,008,613$1,397,394
72$1,537,023$1,115,985$1,011,867$1,482,231
73$1,662,303$1,139,172$1,014,268$1,574,263
74$1,799,369$1,162,503$1,015,757$1,674,191
75$1,949,392$1,185,954$1,016,273$1,782,790
76$2,113,663$1,209,498$1,015,751$1,900,914
77$2,293,600$1,233,106$1,014,122$2,029,501
78$2,490,767$1,256,749$1,011,315$2,169,587
79$2,706,887$1,280,391$1,007,256$2,322,312
80$2,943,856$1,303,997$1,001,865$2,488,934
81$3,203,763$1,327,527$995,062$2,670,837
82$3,488,910$1,350,938$986,759$2,869,546
83$3,801,829$1,374,185$976,866$3,086,744
84$4,145,314$1,397,218$965,289$3,324,282
85$4,522,438$1,419,984$951,929$3,584,203
86$4,936,590$1,442,426$936,681$3,868,757
87$5,391,500$1,464,483$919,438$4,180,422
88$5,891,279$1,486,089$900,086$4,521,933
89$6,440,457$1,507,174$878,505$4,896,300
90$7,044,020$1,527,663$854,572$5,306,842
91$7,707,466$1,547,474$828,157$5,757,217
92$8,436,850$1,566,523$799,122$6,251,456
93$9,238,843$1,584,716$767,327$6,794,002
94$10,120,794$1,601,956$732,621$7,389,752
95$11,090,801$1,618,138$694,850$8,044,101
96$12,157,785$1,633,150$653,850$8,762,999
97$13,331,578$1,646,873$609,453$9,552,999
98$14,623,009$1,659,179$561,479$10,421,328
99$16,044,011$1,669,935$509,744$11,375,947
100$17,607,734$1,678,995$454,054$12,425,632