Can I retire at age 67 with 958,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%
1 years$79,111$78,406$77,719$77,048$76,392$74,485
2 years$39,164$38,434$37,727$37,042$36,377$34,468
3 years$25,850$25,117$24,412$23,733$23,079$21,227
4 years$19,194$18,464$17,766$17,098$16,460$14,680
5 years$15,202$14,476$13,787$13,133$12,513$10,809
6 years$12,541$11,821$11,142$10,503$9,901$8,276
7 years$10,641$9,927$9,259$8,635$8,052$6,506
8 years$9,217$8,509$7,852$7,244$6,680$5,211
9 years$8,110$7,409$6,763$6,170$5,626$4,234
10 years$7,225$6,531$5,896$5,319$4,793$3,476
11 years$6,501$5,814$5,191$4,629$4,122$2,879
12 years$5,898$5,218$4,607$4,060$3,572$2,400
13 years$5,389$4,716$4,116$3,584$3,115$2,011
14 years$4,952$4,286$3,698$3,182$2,731$1,693
15 years$4,575$3,916$3,339$2,838$2,404$1,430
16 years$4,244$3,593$3,027$2,541$2,125$1,212
17 years$3,953$3,309$2,755$2,283$1,884$1,029
18 years$3,695$3,057$2,515$2,057$1,675$876
19 years$3,464$2,833$2,302$1,859$1,493$747
20 years$3,256$2,633$2,113$1,684$1,334$638
21 years$3,068$2,453$1,943$1,528$1,194$545
22 years$2,898$2,289$1,791$1,389$1,070$467
23 years$2,743$2,141$1,654$1,265$960$400
24 years$2,600$2,006$1,529$1,154$863$343
25 years$2,470$1,883$1,417$1,054$777$294
26 years$2,350$1,769$1,314$964$700$253
27 years$2,238$1,665$1,220$882$631$217
28 years$2,135$1,569$1,134$808$569$186
29 years$2,039$1,480$1,055$741$514$160
30 years$1,950$1,398$983$680$464$138
31 years$1,867$1,322$916$625$420$118
32 years$1,789$1,250$855$574$380$102
33 years$1,716$1,184$798$528$344$88
34 years$1,647$1,122$746$486$311$75
35 years$1,582$1,065$697$447$282$65
36 years$1,522$1,010$652$412$255$56
37 years$1,464$960$611$379$231$48
38 years$1,410$912$572$350$210$41
39 years$1,358$867$536$322$190$36
40 years$1,310$825$502$297$173$31
41 years$1,264$785$471$274$157$26
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$9
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 $4,883 every year, while hoping to spend $45,359 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: 67/14/19 Blend
66$958,000$958,000$958,000$958,000
67$1,060,753$1,009,979$995,130$1,126,520
68$1,120,688$1,011,206$980,205$1,172,369
69$1,185,216$1,010,973$963,260$1,216,775
70$1,254,758$1,009,161$944,179$1,264,236
71$1,329,776$1,005,642$922,842$1,315,050
72$1,410,777$1,000,283$899,121$1,369,547
73$1,498,320$992,940$872,884$1,428,093
74$1,593,016$983,462$843,994$1,491,091
75$1,695,540$971,688$812,304$1,558,986
76$1,806,633$957,448$777,664$1,632,271
77$1,927,109$940,562$739,915$1,711,490
78$2,057,864$920,840$698,892$1,797,243
79$2,199,882$898,077$654,421$1,890,195
80$2,354,249$872,061$606,323$1,991,079
81$2,522,155$842,565$554,407$2,100,704
82$2,704,912$809,348$498,477$2,219,966
83$2,903,963$772,157$438,327$2,349,852
84$3,120,897$730,722$373,741$2,491,453
85$3,357,462$684,761$304,494$2,645,974
86$3,615,580$633,971$230,352$2,814,745
87$3,897,370$578,036$151,069$2,999,235
88$4,205,161$516,620$66,390$3,201,066
89$4,541,521$449,367$0$3,422,027
90$4,909,273$375,903$0$3,668,957
91$5,311,529$295,832$0$3,953,853
92$5,751,712$208,735$0$4,265,711
93$6,233,593$114,170$0$4,607,248
94$6,761,325$11,670$0$4,981,462
95$7,339,482$0$0$5,391,656
96$7,973,097$0$0$5,856,763
97$8,667,719$0$0$6,368,682
98$9,429,455$0$0$6,930,124
99$10,265,034$0$0$7,546,057
100$11,181,866$0$0$8,221,950