Can I retire at age 67 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$79,524$78,815$78,124$77,450$76,791$75,581
2 years$39,368$38,635$37,924$37,235$36,567$35,351
3 years$25,985$25,248$24,540$23,857$23,200$22,016
4 years$19,294$18,560$17,859$17,188$16,546$15,403
5 years$15,281$14,551$13,859$13,202$12,578$11,480
6 years$12,607$11,882$11,200$10,558$9,953$8,900
7 years$10,697$9,979$9,307$8,680$8,094$7,087
8 years$9,265$8,554$7,893$7,281$6,715$5,754
9 years$8,152$7,447$6,799$6,202$5,655$4,739
10 years$7,263$6,565$5,927$5,346$4,818$3,947
11 years$6,535$5,844$5,218$4,653$4,144$3,316
12 years$5,929$5,245$4,631$4,081$3,591$2,806
13 years$5,417$4,740$4,137$3,603$3,131$2,388
14 years$4,978$4,309$3,718$3,198$2,745$2,041
15 years$4,598$3,936$3,356$2,852$2,417$1,752
16 years$4,266$3,611$3,043$2,554$2,136$1,509
17 years$3,974$3,326$2,769$2,295$1,894$1,303
18 years$3,714$3,073$2,528$2,068$1,684$1,128
19 years$3,482$2,848$2,314$1,869$1,501$978
20 years$3,273$2,647$2,124$1,692$1,341$850
21 years$3,084$2,465$1,953$1,536$1,200$740
22 years$2,913$2,301$1,800$1,397$1,075$644
23 years$2,757$2,152$1,662$1,272$965$562
24 years$2,614$2,017$1,537$1,160$868$491
25 years$2,483$1,893$1,424$1,059$781$429
26 years$2,362$1,779$1,321$969$703$375
27 years$2,250$1,674$1,226$887$634$328
28 years$2,146$1,577$1,140$812$572$287
29 years$2,050$1,488$1,061$745$517$251
30 years$1,960$1,405$988$684$467$220
31 years$1,876$1,328$921$628$422$193
32 years$1,798$1,257$860$577$382$169
33 years$1,725$1,190$803$531$346$149
34 years$1,656$1,128$750$488$313$130
35 years$1,591$1,070$701$449$283$114
36 years$1,529$1,016$656$414$257$100
37 years$1,472$965$614$381$233$88
38 years$1,417$917$575$352$211$77
39 years$1,366$872$539$324$191$68
40 years$1,317$829$505$299$174$60
41 years$1,270$790$473$276$157$52
42 years$1,226$752$444$255$143$46
43 years$1,184$716$417$235$130$40
44 years$1,144$683$391$217$118$35
45 years$1,106$651$367$200$107$31
46 years$1,070$621$345$185$97$27
47 years$1,035$593$324$171$88$24
48 years$1,002$566$305$158$80$21
49 years$971$540$286$146$73$19
50 years$940$516$269$135$66$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $963,000, adding $6,783 every year, while hoping to spend $42,324 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: 74/20/6 Blend
66$963,000$963,000$963,000$963,000
67$1,068,223$1,017,184$1,002,257$1,146,059
68$1,132,149$1,021,993$990,800$1,203,029
69$1,201,177$1,025,620$977,541$1,259,383
70$1,275,783$1,027,961$962,375$1,319,901
71$1,356,490$1,028,908$945,191$1,384,981
72$1,443,871$1,028,344$925,875$1,455,058
73$1,538,560$1,026,147$904,305$1,530,617
74$1,641,251$1,022,185$880,357$1,612,187
75$1,752,707$1,016,321$853,897$1,700,356
76$1,873,769$1,008,407$824,789$1,795,768
77$2,005,362$998,288$792,888$1,899,137
78$2,148,502$985,797$758,043$2,011,247
79$2,304,308$970,759$720,096$2,132,965
80$2,474,011$952,990$678,883$2,265,244
81$2,658,965$932,292$634,231$2,409,139
82$2,860,662$908,457$585,960$2,565,811
83$3,080,742$881,264$533,882$2,736,538
84$3,321,012$850,480$477,801$2,922,734
85$3,583,459$815,857$417,511$3,125,956
86$3,870,273$777,135$352,799$3,347,920
87$4,183,862$734,036$283,439$3,590,519
88$4,526,880$686,268$209,199$3,855,841
89$4,902,249$633,522$129,834$4,146,189
90$5,313,184$575,471$45,089$4,464,102
91$5,763,229$511,768$0$4,812,380
92$6,256,283$442,050$0$5,197,012
93$6,796,642$365,929$0$5,621,770
94$7,389,039$282,998$0$6,087,536
95$8,038,682$192,826$0$6,598,469
96$8,751,312$94,959$0$7,159,155
97$9,533,249$0$0$7,774,647
98$10,391,457$0$0$8,452,957
99$11,333,606$0$0$9,220,596
100$12,368,144$0$0$10,063,557