Can I retire at age 67 with 956,000?

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 $956,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$78,946$78,242$77,556$76,887$76,233$75,343
2 years$39,082$38,354$37,649$36,965$36,301$35,405
3 years$25,796$25,065$24,361$23,684$23,031$22,157
4 years$19,154$18,425$17,729$17,063$16,426$15,581
5 years$15,170$14,446$13,758$13,106$12,487$11,673
6 years$12,515$11,796$11,119$10,481$9,880$9,098
7 years$10,619$9,906$9,240$8,617$8,035$7,286
8 years$9,198$8,491$7,836$7,228$6,666$5,949
9 years$8,093$7,393$6,749$6,157$5,614$4,929
10 years$7,210$6,517$5,884$5,307$4,783$4,130
11 years$6,488$5,802$5,180$4,619$4,114$3,492
12 years$5,886$5,207$4,597$4,052$3,565$2,973
13 years$5,378$4,706$4,107$3,577$3,109$2,547
14 years$4,942$4,277$3,691$3,175$2,725$2,192
15 years$4,565$3,908$3,332$2,832$2,399$1,895
16 years$4,235$3,585$3,021$2,535$2,121$1,643
17 years$3,945$3,302$2,749$2,278$1,880$1,429
18 years$3,687$3,051$2,509$2,053$1,672$1,246
19 years$3,456$2,828$2,297$1,855$1,490$1,088
20 years$3,249$2,628$2,108$1,680$1,331$953
21 years$3,062$2,447$1,939$1,525$1,191$835
22 years$2,892$2,285$1,787$1,386$1,068$733
23 years$2,737$2,137$1,650$1,263$958$645
24 years$2,595$2,002$1,526$1,152$861$567
25 years$2,465$1,879$1,414$1,052$775$499
26 years$2,345$1,766$1,311$962$698$440
27 years$2,234$1,662$1,217$880$630$388
28 years$2,131$1,566$1,132$806$568$343
29 years$2,035$1,477$1,053$740$513$302
30 years$1,946$1,395$981$679$463$267
31 years$1,863$1,319$915$623$419$236
32 years$1,785$1,248$853$573$379$209
33 years$1,712$1,182$797$527$343$185
34 years$1,644$1,120$744$485$311$163
35 years$1,579$1,062$696$446$281$145
36 years$1,518$1,008$651$411$255$128
37 years$1,461$958$609$379$231$113
38 years$1,407$910$571$349$209$100
39 years$1,356$865$535$322$190$89
40 years$1,307$823$501$297$172$79
41 years$1,261$784$470$274$156$70
42 years$1,217$746$441$253$142$62
43 years$1,175$711$414$233$129$55
44 years$1,136$678$388$215$117$48
45 years$1,098$646$365$199$106$43
46 years$1,062$617$342$184$96$38
47 years$1,028$589$322$170$87$34
48 years$995$562$302$157$79$30
49 years$963$537$284$145$72$26
50 years$933$513$267$134$65$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $956,000, adding $5,635 every year, while hoping to spend $31,805 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: 49/37/14 Blend
66$956,000$956,000$956,000$956,000
67$1,059,325$1,008,657$993,839$1,106,879
68$1,133,535$1,024,240$993,292$1,155,808
69$1,214,250$1,039,522$991,661$1,205,165
70$1,302,097$1,054,453$988,876$1,258,073
71$1,397,771$1,068,981$984,863$1,314,876
72$1,502,034$1,083,051$979,546$1,375,953
73$1,615,725$1,096,604$972,844$1,441,722
74$1,739,767$1,109,576$964,673$1,512,645
75$1,875,178$1,121,900$954,944$1,589,234
76$2,023,077$1,133,503$943,565$1,672,049
77$2,184,695$1,144,309$930,439$1,761,714
78$2,361,388$1,154,235$915,463$1,858,913
79$2,554,651$1,163,194$898,532$1,964,405
80$2,766,127$1,171,092$879,535$2,079,024
81$2,997,628$1,177,831$858,355$2,203,693
82$3,251,146$1,183,305$834,870$2,339,430
83$3,528,877$1,187,401$808,952$2,487,359
84$3,833,240$1,190,001$780,469$2,648,720
85$4,166,896$1,190,977$749,281$2,824,882
86$4,532,780$1,190,195$715,242$3,017,355
87$4,934,121$1,187,512$678,200$3,227,805
88$5,374,477$1,182,776$637,995$3,458,073
89$5,857,767$1,175,825$594,462$3,710,188
90$6,388,308$1,166,490$547,425$3,986,389
91$6,970,856$1,154,588$496,704$4,289,148
92$7,610,648$1,139,927$442,108$4,621,192
93$8,313,454$1,122,304$383,440$4,985,528
94$9,085,633$1,101,503$320,491$5,385,476
95$9,934,186$1,077,296$253,046$5,824,697
96$10,866,829$1,049,439$180,879$6,307,231
97$11,892,061$1,017,677$103,754$6,837,534
98$13,019,247$981,739$21,426$7,420,522
99$14,258,702$941,336$0$8,061,616
100$15,621,795$896,166$0$8,776,723