Can I retire at age 67 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$79,111$78,406$77,719$77,048$76,392$74,515
2 years$39,164$38,434$37,727$37,042$36,377$34,498
3 years$25,850$25,117$24,412$23,733$23,079$21,256
4 years$19,194$18,464$17,766$17,098$16,460$14,707
5 years$15,202$14,476$13,787$13,133$12,513$10,835
6 years$12,541$11,821$11,142$10,503$9,901$8,300
7 years$10,641$9,927$9,259$8,635$8,052$6,528
8 years$9,217$8,509$7,852$7,244$6,680$5,233
9 years$8,110$7,409$6,763$6,170$5,626$4,254
10 years$7,225$6,531$5,896$5,319$4,793$3,495
11 years$6,501$5,814$5,191$4,629$4,122$2,896
12 years$5,898$5,218$4,607$4,060$3,572$2,415
13 years$5,389$4,716$4,116$3,584$3,115$2,026
14 years$4,952$4,286$3,698$3,182$2,731$1,706
15 years$4,575$3,916$3,339$2,838$2,404$1,442
16 years$4,244$3,593$3,027$2,541$2,125$1,223
17 years$3,953$3,309$2,755$2,283$1,884$1,040
18 years$3,695$3,057$2,515$2,057$1,675$886
19 years$3,464$2,833$2,302$1,859$1,493$756
20 years$3,256$2,633$2,113$1,684$1,334$646
21 years$3,068$2,453$1,943$1,528$1,194$553
22 years$2,898$2,289$1,791$1,389$1,070$473
23 years$2,743$2,141$1,654$1,265$960$406
24 years$2,600$2,006$1,529$1,154$863$348
25 years$2,470$1,883$1,417$1,054$777$299
26 years$2,350$1,769$1,314$964$700$257
27 years$2,238$1,665$1,220$882$631$221
28 years$2,135$1,569$1,134$808$569$190
29 years$2,039$1,480$1,055$741$514$163
30 years$1,950$1,398$983$680$464$141
31 years$1,867$1,322$916$625$420$121
32 years$1,789$1,250$855$574$380$104
33 years$1,716$1,184$798$528$344$90
34 years$1,647$1,122$746$486$311$77
35 years$1,582$1,065$697$447$282$66
36 years$1,522$1,010$652$412$255$57
37 years$1,464$960$611$379$231$49
38 years$1,410$912$572$350$210$43
39 years$1,358$867$536$322$190$37
40 years$1,310$825$502$297$173$32
41 years$1,264$785$471$274$157$27
42 years$1,220$748$442$253$142$23
43 years$1,178$713$414$234$129$20
44 years$1,138$679$389$216$117$17
45 years$1,100$648$365$199$106$15
46 years$1,064$618$343$184$96$13
47 years$1,030$590$322$170$88$11
48 years$997$563$303$157$80$10
49 years$965$538$285$145$72$8
50 years$935$514$268$134$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $958,000, adding $3,494 every year, while hoping to spend $40,799 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: 60/22/18 Blend
66$958,000$958,000$958,000$958,000
67$1,059,320$1,008,546$993,697$1,117,751
68$1,123,961$1,014,555$983,576$1,163,663
69$1,193,828$1,019,491$971,749$1,208,904
70$1,269,410$1,023,258$958,115$1,257,323
71$1,351,248$1,025,755$942,569$1,309,231
72$1,439,932$1,026,874$925,001$1,364,976
73$1,536,113$1,026,499$905,298$1,424,940
74$1,640,509$1,024,510$883,337$1,489,547
75$1,753,905$1,020,775$858,993$1,559,263
76$1,877,169$1,015,159$832,136$1,634,605
77$2,011,254$1,007,515$802,625$1,716,145
78$2,157,207$997,689$770,319$1,804,512
79$2,316,184$985,517$735,066$1,900,406
80$2,489,452$970,825$696,708$2,004,594
81$2,678,410$953,429$655,081$2,117,930
82$2,884,595$933,135$610,014$2,241,351
83$3,109,700$909,735$561,326$2,375,898
84$3,355,588$883,011$508,829$2,522,716
85$3,624,311$852,731$452,328$2,683,072
86$3,918,127$818,651$391,617$2,858,365
87$4,239,523$780,512$326,483$3,050,139
88$4,591,236$738,038$256,702$3,260,101
89$4,976,281$690,941$182,040$3,490,132
90$5,397,978$638,913$102,255$3,742,314
91$5,859,982$581,631$17,091$4,018,939
92$6,366,321$518,751$0$4,322,544
93$6,921,427$449,912$0$4,670,097
94$7,530,186$374,730$0$5,054,937
95$8,197,975$292,802$0$5,477,241
96$8,930,719$203,701$0$5,940,827
97$9,734,945$106,974$0$6,449,906
98$10,617,840$2,147$0$7,009,122
99$11,587,324$0$0$7,623,592
100$12,652,118$0$0$8,325,903