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%12.3%
1 years$79,028$78,324$77,637$76,967$76,313$75,578
2 years$39,123$38,394$37,688$37,003$36,339$35,600
3 years$25,823$25,091$24,387$23,708$23,055$22,333
4 years$19,174$18,445$17,747$17,081$16,443$15,744
5 years$15,186$14,461$13,773$13,120$12,500$11,826
6 years$12,528$11,808$11,130$10,492$9,891$9,243
7 years$10,630$9,917$9,249$8,626$8,044$7,422
8 years$9,208$8,500$7,844$7,236$6,673$6,078
9 years$8,102$7,401$6,756$6,164$5,620$5,050
10 years$7,217$6,524$5,890$5,313$4,788$4,245
11 years$6,494$5,808$5,186$4,624$4,118$3,600
12 years$5,892$5,213$4,602$4,056$3,569$3,075
13 years$5,383$4,711$4,112$3,581$3,112$2,643
14 years$4,947$4,282$3,694$3,178$2,728$2,282
15 years$4,570$3,912$3,336$2,835$2,402$1,979
16 years$4,240$3,589$3,024$2,538$2,123$1,722
17 years$3,949$3,305$2,752$2,280$1,882$1,503
18 years$3,691$3,054$2,512$2,055$1,674$1,315
19 years$3,460$2,831$2,300$1,857$1,492$1,153
20 years$3,253$2,630$2,111$1,682$1,332$1,013
21 years$3,065$2,450$1,941$1,526$1,192$891
22 years$2,895$2,287$1,789$1,388$1,069$786
23 years$2,740$2,139$1,652$1,264$959$693
24 years$2,598$2,004$1,528$1,153$862$612
25 years$2,467$1,881$1,415$1,053$776$541
26 years$2,347$1,768$1,312$963$699$479
27 years$2,236$1,663$1,219$881$630$424
28 years$2,133$1,568$1,133$807$569$376
29 years$2,037$1,479$1,054$740$513$333
30 years$1,948$1,397$982$679$464$295
31 years$1,865$1,320$916$624$419$262
32 years$1,787$1,249$854$573$379$233
33 years$1,714$1,183$798$527$343$207
34 years$1,645$1,121$745$485$311$184
35 years$1,581$1,063$697$447$282$163
36 years$1,520$1,009$652$411$255$145
37 years$1,463$959$610$379$231$129
38 years$1,408$911$571$349$210$115
39 years$1,357$866$535$322$190$102
40 years$1,308$824$502$297$172$91
41 years$1,262$785$470$274$156$81
42 years$1,218$747$441$253$142$72
43 years$1,177$712$414$234$129$64
44 years$1,137$679$389$216$117$57
45 years$1,099$647$365$199$106$51
46 years$1,063$617$343$184$96$45
47 years$1,029$589$322$170$88$40
48 years$996$562$303$157$79$36
49 years$964$537$284$145$72$32
50 years$934$513$267$134$66$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $957,000, adding $6,521 every year, while hoping to spend $32,275 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: 70/21/9 Blend
66$957,000$957,000$957,000$957,000
67$1,061,340$1,010,619$995,786$1,133,401
68$1,135,257$1,025,799$994,804$1,197,151
69$1,215,631$1,040,642$992,708$1,262,318
70$1,303,087$1,055,095$989,426$1,332,755
71$1,398,313$1,069,106$984,883$1,408,974
72$1,502,065$1,082,616$979,001$1,491,538
73$1,615,176$1,095,564$971,697$1,581,067
74$1,738,560$1,107,883$962,885$1,678,247
75$1,873,226$1,119,502$952,475$1,783,830
76$2,020,284$1,130,347$940,372$1,898,648
77$2,180,956$1,140,337$926,477$2,023,616
78$2,356,587$1,149,386$910,687$2,159,743
79$2,548,656$1,157,404$892,893$2,308,142
80$2,758,796$1,164,293$872,981$2,470,038
81$2,988,800$1,169,951$850,833$2,646,782
82$3,240,646$1,174,266$826,324$2,839,864
83$3,516,509$1,177,123$799,324$3,050,925
84$3,818,789$1,178,398$769,697$3,281,774
85$4,150,125$1,177,958$737,301$3,534,407
86$4,513,423$1,175,665$701,986$3,811,021
87$4,911,888$1,171,368$663,599$4,114,040
88$5,349,047$1,164,911$621,975$4,446,135
89$5,828,784$1,156,126$576,946$4,810,251
90$6,355,380$1,144,836$528,333$5,209,634
91$6,933,548$1,130,852$475,952$5,647,861
92$7,568,482$1,113,976$419,608$6,128,878
93$8,265,902$1,093,996$359,100$6,657,031
94$9,032,110$1,070,688$294,216$7,237,113
95$9,874,049$1,043,815$224,735$7,874,407
96$10,799,366$1,013,126$150,428$8,574,736
97$11,816,488$978,355$71,054$9,344,520
98$12,934,697$939,222$0$10,190,833
99$14,164,220$895,429$0$11,122,787
100$15,516,326$846,660$0$12,155,035