Can I retire at age 67 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$78,863$78,161$77,475$76,806$76,153$74,555
2 years$39,041$38,314$37,609$36,926$36,263$34,660
3 years$25,769$25,039$24,336$23,659$23,007$21,450
4 years$19,134$18,406$17,710$17,045$16,409$14,909
5 years$15,154$14,431$13,744$13,092$12,474$11,036
6 years$12,502$11,784$11,107$10,470$9,870$8,495
7 years$10,608$9,896$9,230$8,608$8,027$6,716
8 years$9,188$8,483$7,828$7,221$6,659$5,411
9 years$8,085$7,386$6,742$6,151$5,608$4,423
10 years$7,202$6,510$5,878$5,302$4,778$3,654
11 years$6,481$5,796$5,175$4,614$4,109$3,045
12 years$5,880$5,202$4,592$4,047$3,561$2,555
13 years$5,372$4,701$4,103$3,573$3,105$2,156
14 years$4,937$4,273$3,687$3,172$2,722$1,827
15 years$4,560$3,903$3,329$2,829$2,397$1,554
16 years$4,231$3,581$3,018$2,533$2,118$1,326
17 years$3,941$3,298$2,746$2,276$1,878$1,135
18 years$3,683$3,048$2,507$2,051$1,670$973
19 years$3,453$2,825$2,295$1,853$1,489$836
20 years$3,246$2,625$2,106$1,678$1,330$719
21 years$3,059$2,445$1,937$1,523$1,190$620
22 years$2,889$2,282$1,785$1,385$1,067$534
23 years$2,734$2,134$1,649$1,261$957$461
24 years$2,592$2,000$1,525$1,150$861$399
25 years$2,462$1,877$1,412$1,051$774$345
26 years$2,342$1,764$1,310$961$697$298
27 years$2,231$1,660$1,216$879$629$258
28 years$2,128$1,564$1,131$806$567$224
29 years$2,033$1,476$1,052$739$512$194
30 years$1,944$1,394$980$678$463$168
31 years$1,861$1,317$914$623$419$146
32 years$1,783$1,247$852$572$379$126
33 years$1,710$1,181$796$526$343$110
34 years$1,642$1,119$744$484$310$95
35 years$1,577$1,061$695$446$281$83
36 years$1,517$1,007$650$411$255$72
37 years$1,460$957$609$378$231$62
38 years$1,405$909$570$349$209$54
39 years$1,354$865$534$321$190$47
40 years$1,306$823$501$296$172$41
41 years$1,260$783$469$274$156$35
42 years$1,216$746$440$252$142$31
43 years$1,174$710$413$233$129$27
44 years$1,135$677$388$215$117$23
45 years$1,097$646$364$199$106$20
46 years$1,061$616$342$184$96$17
47 years$1,027$588$321$170$87$15
48 years$994$561$302$157$79$13
49 years$962$536$284$145$72$11
50 years$932$512$267$134$65$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $955,000, adding $2,729 every year, while hoping to spend $23,192 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: 44/34/22 Blend
66$955,000$955,000$955,000$955,000
67$1,055,225$1,004,610$989,807$1,094,820
68$1,138,182$1,029,160$998,290$1,147,623
69$1,228,823$1,054,135$1,006,279$1,202,351
70$1,327,908$1,079,533$1,013,734$1,261,204
71$1,436,272$1,105,347$1,020,612$1,324,576
72$1,554,836$1,131,574$1,026,867$1,392,900
73$1,684,615$1,158,206$1,032,452$1,466,656
74$1,826,722$1,185,235$1,037,316$1,546,370
75$1,982,389$1,212,652$1,041,407$1,632,623
76$2,152,967$1,240,447$1,044,669$1,726,055
77$2,339,949$1,268,608$1,047,045$1,827,371
78$2,544,975$1,297,121$1,048,472$1,937,348
79$2,769,854$1,325,971$1,048,887$2,056,845
80$3,016,577$1,355,142$1,048,223$2,186,804
81$3,287,338$1,384,614$1,046,408$2,328,268
82$3,584,553$1,414,367$1,043,370$2,482,382
83$3,910,884$1,444,378$1,039,030$2,650,414
84$4,269,264$1,474,622$1,033,307$2,833,755
85$4,662,921$1,505,071$1,026,115$3,033,945
86$5,095,415$1,535,695$1,017,366$3,252,676
87$5,570,665$1,566,461$1,006,964$3,491,817
88$6,092,988$1,597,334$994,814$3,753,426
89$6,667,144$1,628,274$980,811$4,039,773
90$7,298,372$1,659,239$964,848$4,353,361
91$7,992,448$1,690,184$946,812$4,696,946
92$8,755,734$1,721,059$926,586$5,073,570
93$9,595,238$1,751,810$904,046$5,486,585
94$10,518,684$1,782,380$879,063$5,939,684
95$11,534,580$1,812,708$851,502$6,436,942
96$12,652,302$1,842,725$821,222$6,982,848
97$13,882,179$1,872,361$788,076$7,582,352
98$15,235,594$1,901,539$751,908$8,240,910
99$16,725,085$1,930,175$712,558$8,964,537
100$18,364,472$1,958,181$669,857$9,759,863