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%15.4%
1 years$78,946$78,242$77,556$76,887$76,233$74,541
2 years$39,082$38,354$37,649$36,965$36,301$34,606
3 years$25,796$25,065$24,361$23,684$23,031$21,385
4 years$19,154$18,425$17,729$17,063$16,426$14,841
5 years$15,170$14,446$13,758$13,106$12,487$10,968
6 years$12,515$11,796$11,119$10,481$9,880$8,430
7 years$10,619$9,906$9,240$8,617$8,035$6,653
8 years$9,198$8,491$7,836$7,228$6,666$5,351
9 years$8,093$7,393$6,749$6,157$5,614$4,366
10 years$7,210$6,517$5,884$5,307$4,783$3,600
11 years$6,488$5,802$5,180$4,619$4,114$2,994
12 years$5,886$5,207$4,597$4,052$3,565$2,508
13 years$5,378$4,706$4,107$3,577$3,109$2,111
14 years$4,942$4,277$3,691$3,175$2,725$1,786
15 years$4,565$3,908$3,332$2,832$2,399$1,516
16 years$4,235$3,585$3,021$2,535$2,121$1,291
17 years$3,945$3,302$2,749$2,278$1,880$1,102
18 years$3,687$3,051$2,509$2,053$1,672$943
19 years$3,456$2,828$2,297$1,855$1,490$808
20 years$3,249$2,628$2,108$1,680$1,331$694
21 years$3,062$2,447$1,939$1,525$1,191$596
22 years$2,892$2,285$1,787$1,386$1,068$513
23 years$2,737$2,137$1,650$1,263$958$442
24 years$2,595$2,002$1,526$1,152$861$381
25 years$2,465$1,879$1,414$1,052$775$329
26 years$2,345$1,766$1,311$962$698$284
27 years$2,234$1,662$1,217$880$630$245
28 years$2,131$1,566$1,132$806$568$212
29 years$2,035$1,477$1,053$740$513$183
30 years$1,946$1,395$981$679$463$158
31 years$1,863$1,319$915$623$419$137
32 years$1,785$1,248$853$573$379$119
33 years$1,712$1,182$797$527$343$103
34 years$1,644$1,120$744$485$311$89
35 years$1,579$1,062$696$446$281$77
36 years$1,518$1,008$651$411$255$67
37 years$1,461$958$609$379$231$58
38 years$1,407$910$571$349$209$50
39 years$1,356$865$535$322$190$43
40 years$1,307$823$501$297$172$37
41 years$1,261$784$470$274$156$32
42 years$1,217$746$441$253$142$28
43 years$1,175$711$414$233$129$24
44 years$1,136$678$388$215$117$21
45 years$1,098$646$365$199$106$18
46 years$1,062$617$342$184$96$16
47 years$1,028$589$322$170$87$14
48 years$995$562$302$157$79$12
49 years$963$537$284$145$72$10
50 years$933$513$267$134$65$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $956,000, adding $2,097 every year, while hoping to spend $30,719 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: 67/6/27 Blend
66$956,000$956,000$956,000$956,000
67$1,055,675$1,005,007$990,189$1,118,836
68$1,130,669$1,021,568$990,676$1,178,184
69$1,212,283$1,037,910$990,149$1,239,407
70$1,301,160$1,053,991$988,543$1,305,678
71$1,398,006$1,069,765$985,787$1,377,495
72$1,503,601$1,085,182$981,809$1,455,411
73$1,618,801$1,100,188$976,532$1,540,034
74$1,744,549$1,114,728$969,877$1,632,033
75$1,881,883$1,128,740$961,758$1,732,148
76$2,031,946$1,142,159$952,088$1,841,195
77$2,195,996$1,154,917$940,774$1,960,071
78$2,375,419$1,166,938$927,720$2,089,769
79$2,571,738$1,178,145$912,826$2,231,382
80$2,786,633$1,188,452$895,984$2,386,113
81$3,021,955$1,197,771$877,084$2,555,293
82$3,279,738$1,206,005$856,010$2,740,386
83$3,562,225$1,213,054$832,641$2,943,008
84$3,871,887$1,218,809$806,849$3,164,941
85$4,211,444$1,223,154$778,502$3,408,148
86$4,583,891$1,225,968$747,462$3,674,796
87$4,992,528$1,227,121$713,582$3,967,272
88$5,440,990$1,226,474$676,711$4,288,209
89$5,933,281$1,223,881$636,691$4,640,510
90$6,473,810$1,219,186$593,355$5,027,376
91$7,067,437$1,212,225$546,531$5,452,333
92$7,719,513$1,202,821$496,036$5,919,274
93$8,435,933$1,190,789$441,683$6,432,485
94$9,223,192$1,175,932$383,274$6,996,696
95$10,088,446$1,158,040$320,602$7,617,118
96$11,039,577$1,136,894$253,452$8,299,498
97$12,085,270$1,112,258$181,598$9,050,171
98$13,235,092$1,083,884$104,807$9,876,121
99$14,499,587$1,051,509$22,833$10,785,045
100$15,890,366$1,014,854$0$11,785,430