Can I retire at age 67 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$79,028$78,324$77,637$76,967$76,313$73,722
2 years$39,123$38,394$37,688$37,003$36,339$33,756
3 years$25,823$25,091$24,387$23,708$23,055$20,559
4 years$19,174$18,445$17,747$17,081$16,443$14,054
5 years$15,186$14,461$13,773$13,120$12,500$10,224
6 years$12,528$11,808$11,130$10,492$9,891$7,730
7 years$10,630$9,917$9,249$8,626$8,044$5,997
8 years$9,208$8,500$7,844$7,236$6,673$4,740
9 years$8,102$7,401$6,756$6,164$5,620$3,797
10 years$7,217$6,524$5,890$5,313$4,788$3,073
11 years$6,494$5,808$5,186$4,624$4,118$2,507
12 years$5,892$5,213$4,602$4,056$3,569$2,059
13 years$5,383$4,711$4,112$3,581$3,112$1,699
14 years$4,947$4,282$3,694$3,178$2,728$1,407
15 years$4,570$3,912$3,336$2,835$2,402$1,170
16 years$4,240$3,589$3,024$2,538$2,123$975
17 years$3,949$3,305$2,752$2,280$1,882$814
18 years$3,691$3,054$2,512$2,055$1,674$681
19 years$3,460$2,831$2,300$1,857$1,492$571
20 years$3,253$2,630$2,111$1,682$1,332$479
21 years$3,065$2,450$1,941$1,526$1,192$402
22 years$2,895$2,287$1,789$1,388$1,069$338
23 years$2,740$2,139$1,652$1,264$959$285
24 years$2,598$2,004$1,528$1,153$862$240
25 years$2,467$1,881$1,415$1,053$776$202
26 years$2,347$1,768$1,312$963$699$170
27 years$2,236$1,663$1,219$881$630$143
28 years$2,133$1,568$1,133$807$569$121
29 years$2,037$1,479$1,054$740$513$102
30 years$1,948$1,397$982$679$464$86
31 years$1,865$1,320$916$624$419$73
32 years$1,787$1,249$854$573$379$61
33 years$1,714$1,183$798$527$343$52
34 years$1,645$1,121$745$485$311$44
35 years$1,581$1,063$697$447$282$37
36 years$1,520$1,009$652$411$255$31
37 years$1,463$959$610$379$231$26
38 years$1,408$911$571$349$210$22
39 years$1,357$866$535$322$190$19
40 years$1,308$824$502$297$172$16
41 years$1,262$785$470$274$156$13
42 years$1,218$747$441$253$142$11
43 years$1,177$712$414$234$129$10
44 years$1,137$679$389$216$117$8
45 years$1,099$647$365$199$106$7
46 years$1,063$617$343$184$96$6
47 years$1,029$589$322$170$88$5
48 years$996$562$303$157$79$4
49 years$964$537$284$145$72$3
50 years$934$513$267$134$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $957,000, adding $5,492 every year, while hoping to spend $40,389 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: 37/35/28 Blend
66$957,000$957,000$957,000$957,000
67$1,060,279$1,009,558$994,724$1,090,467
68$1,125,454$1,016,053$985,074$1,119,759
69$1,195,923$1,021,512$973,747$1,147,306
70$1,272,183$1,025,843$960,644$1,176,288
71$1,354,782$1,028,945$945,662$1,206,863
72$1,444,321$1,030,714$928,692$1,239,205
73$1,541,459$1,031,037$909,621$1,273,511
74$1,646,926$1,029,795$888,331$1,309,999
75$1,761,519$1,026,862$864,696$1,348,911
76$1,886,119$1,022,103$838,589$1,390,521
77$2,021,693$1,015,376$809,871$1,435,132
78$2,169,306$1,006,530$778,403$1,483,080
79$2,330,130$995,404$744,034$1,534,743
80$2,505,453$981,830$706,609$1,590,538
81$2,696,696$965,626$665,967$1,650,932
82$2,905,420$946,602$621,938$1,716,441
83$3,133,344$924,557$574,344$1,787,642
84$3,382,360$899,276$523,000$1,865,175
85$3,654,553$870,532$467,713$1,949,749
86$3,952,216$838,087$408,280$2,042,155
87$4,277,875$801,686$344,490$2,143,267
88$4,634,311$761,062$276,123$2,254,058
89$5,024,587$715,929$202,949$2,375,605
90$5,452,074$665,989$124,727$2,509,104
91$5,920,487$610,924$41,206$2,655,881
92$6,433,915$550,398$0$2,817,403
93$6,996,863$484,056$0$3,009,617
94$7,614,293$411,525$0$3,234,076
95$8,291,669$332,407$0$3,480,539
96$9,035,010$246,286$0$3,751,305
97$9,850,945$152,719$0$4,048,916
98$10,746,779$51,239$0$4,376,175
99$11,730,555$0$0$4,736,184
100$12,811,136$0$0$5,154,949