Can I retire at age 67 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$79,193$78,488$77,800$77,128$76,472$75,485
2 years$39,205$38,474$37,767$37,081$36,415$35,422
3 years$25,877$25,143$24,438$23,758$23,103$22,135
4 years$19,214$18,483$17,784$17,116$16,477$15,542
5 years$15,218$14,491$13,801$13,147$12,526$11,625
6 years$12,554$11,833$11,154$10,514$9,911$9,047
7 years$10,652$9,937$9,269$8,644$8,061$7,233
8 years$9,227$8,518$7,861$7,251$6,687$5,895
9 years$8,119$7,417$6,770$6,176$5,631$4,876
10 years$7,232$6,537$5,903$5,324$4,798$4,078
11 years$6,508$5,820$5,196$4,634$4,127$3,441
12 years$5,905$5,224$4,612$4,064$3,576$2,925
13 years$5,395$4,721$4,120$3,588$3,118$2,500
14 years$4,958$4,291$3,702$3,185$2,734$2,148
15 years$4,579$3,920$3,342$2,841$2,407$1,853
16 years$4,249$3,596$3,030$2,543$2,127$1,603
17 years$3,957$3,312$2,758$2,285$1,886$1,391
18 years$3,698$3,061$2,517$2,059$1,677$1,210
19 years$3,467$2,836$2,304$1,861$1,495$1,055
20 years$3,259$2,636$2,115$1,685$1,335$922
21 years$3,071$2,455$1,945$1,530$1,195$806
22 years$2,901$2,292$1,793$1,391$1,071$706
23 years$2,745$2,143$1,655$1,267$961$619
24 years$2,603$2,008$1,531$1,155$864$544
25 years$2,472$1,885$1,418$1,055$778$478
26 years$2,352$1,771$1,315$965$700$420
27 years$2,241$1,667$1,221$883$631$369
28 years$2,137$1,571$1,135$809$570$325
29 years$2,041$1,482$1,056$742$515$286
30 years$1,952$1,399$984$681$465$252
31 years$1,869$1,323$917$625$420$223
32 years$1,791$1,252$856$575$380$196
33 years$1,717$1,185$799$528$344$173
34 years$1,649$1,124$747$486$312$153
35 years$1,584$1,066$698$448$282$135
36 years$1,523$1,011$653$412$256$119
37 years$1,466$961$611$380$232$105
38 years$1,411$913$572$350$210$93
39 years$1,360$868$536$323$190$82
40 years$1,311$826$503$298$173$72
41 years$1,265$786$471$275$157$64
42 years$1,221$749$442$254$142$57
43 years$1,179$713$415$234$129$50
44 years$1,139$680$389$216$117$44
45 years$1,102$649$366$200$106$39
46 years$1,065$619$343$184$97$34
47 years$1,031$590$323$170$88$30
48 years$998$564$303$157$80$27
49 years$966$538$285$145$72$24
50 years$936$514$268$134$66$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $959,000, adding $3,559 every year, while hoping to spend $37,237 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: 45/32/23 Blend
66$959,000$959,000$959,000$959,000
67$1,060,489$1,009,662$994,798$1,101,034
68$1,129,039$1,019,516$988,503$1,139,839
69$1,203,333$1,028,604$980,750$1,177,976
70$1,283,918$1,036,850$971,450$1,218,584
71$1,371,394$1,044,173$960,511$1,261,913
72$1,466,424$1,050,485$947,835$1,308,239
73$1,569,733$1,055,693$933,322$1,357,866
74$1,682,123$1,059,698$916,865$1,411,134
75$1,804,473$1,062,397$898,354$1,468,418
76$1,937,752$1,063,678$877,671$1,530,132
77$2,083,027$1,063,421$854,697$1,596,737
78$2,241,469$1,061,503$829,303$1,668,742
79$2,414,371$1,057,788$801,356$1,746,712
80$2,603,153$1,052,136$770,718$1,831,271
81$2,809,380$1,044,397$737,243$1,923,109
82$3,034,775$1,034,410$700,779$2,022,992
83$3,281,233$1,022,007$661,166$2,131,765
84$3,550,843$1,007,010$618,239$2,250,363
85$3,845,903$989,227$571,824$2,379,824
86$4,168,945$968,459$521,740$2,521,290
87$4,522,756$944,492$467,797$2,676,028
88$4,910,406$917,101$409,797$2,845,438
89$5,335,276$886,047$347,533$3,031,067
90$5,801,088$851,078$280,790$3,234,625
91$6,311,944$811,926$209,341$3,458,004
92$6,872,361$768,309$132,953$3,703,292
93$7,487,313$719,927$51,378$3,972,797
94$8,162,280$666,465$0$4,269,070
95$8,903,299$607,587$0$4,603,685
96$9,717,018$542,942$0$4,985,022
97$10,610,762$472,155$0$5,403,967
98$11,592,601$394,831$0$5,864,388
99$12,671,422$310,554$0$6,370,553
100$13,857,020$218,883$0$6,927,169