Can I retire at age 67 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$79,771$79,061$78,368$77,691$77,030$74,564
2 years$39,491$38,755$38,043$37,351$36,681$34,220
3 years$26,066$25,327$24,616$23,931$23,272$20,892
4 years$19,354$18,618$17,914$17,241$16,598$14,318
5 years$15,329$14,597$13,902$13,243$12,617$10,443
6 years$12,646$11,919$11,235$10,590$9,984$7,917
7 years$10,730$10,010$9,336$8,707$8,119$6,160
8 years$9,294$8,580$7,918$7,304$6,736$4,883
9 years$8,178$7,471$6,820$6,221$5,673$3,924
10 years$7,285$6,585$5,946$5,363$4,833$3,186
11 years$6,555$5,862$5,234$4,667$4,157$2,608
12 years$5,948$5,262$4,645$4,094$3,602$2,148
13 years$5,434$4,755$4,150$3,614$3,141$1,778
14 years$4,994$4,322$3,729$3,208$2,754$1,478
15 years$4,613$3,948$3,367$2,861$2,424$1,233
16 years$4,280$3,623$3,053$2,562$2,143$1,032
17 years$3,986$3,336$2,778$2,302$1,900$865
18 years$3,725$3,083$2,536$2,075$1,689$726
19 years$3,493$2,857$2,321$1,874$1,506$611
20 years$3,283$2,655$2,130$1,698$1,345$515
21 years$3,094$2,473$1,960$1,541$1,204$434
22 years$2,922$2,308$1,806$1,401$1,079$366
23 years$2,766$2,159$1,668$1,276$968$309
24 years$2,622$2,023$1,542$1,164$870$262
25 years$2,490$1,898$1,428$1,063$783$221
26 years$2,369$1,784$1,325$972$706$187
27 years$2,257$1,679$1,230$889$636$158
28 years$2,153$1,582$1,144$815$574$134
29 years$2,056$1,493$1,064$747$518$114
30 years$1,966$1,410$991$686$468$96
31 years$1,882$1,333$924$630$423$81
32 years$1,804$1,261$862$579$383$69
33 years$1,730$1,194$805$532$347$59
34 years$1,661$1,132$752$490$314$50
35 years$1,596$1,073$703$451$284$42
36 years$1,534$1,019$658$415$258$36
37 years$1,476$968$616$383$233$30
38 years$1,422$920$577$353$212$26
39 years$1,370$874$540$325$192$22
40 years$1,321$832$506$300$174$18
41 years$1,274$792$475$277$158$16
42 years$1,230$754$445$255$143$13
43 years$1,188$719$418$236$130$11
44 years$1,148$685$392$218$118$10
45 years$1,110$653$368$201$107$8
46 years$1,073$623$346$186$97$7
47 years$1,038$595$325$172$88$6
48 years$1,005$568$305$159$80$5
49 years$974$542$287$146$73$4
50 years$943$518$270$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $966,000, adding $2,024 every year, while hoping to spend $46,118 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: 26/50/24 Blend
66$966,000$966,000$966,000$966,000
67$1,066,620$1,015,422$1,000,449$1,086,225
68$1,126,346$1,016,108$984,895$1,102,861
69$1,190,618$1,015,283$967,274$1,116,564
70$1,259,852$1,012,822$947,468$1,130,292
71$1,334,503$1,008,597$925,354$1,144,076
72$1,415,072$1,002,468$900,804$1,157,957
73$1,502,109$994,289$873,680$1,171,981
74$1,596,220$983,904$843,844$1,186,204
75$1,698,067$971,148$811,146$1,200,695
76$1,808,383$955,847$775,432$1,215,532
77$1,927,970$937,815$736,541$1,230,809
78$2,057,711$916,857$694,303$1,246,633
79$2,198,578$892,764$648,543$1,263,132
80$2,351,640$865,316$599,076$1,280,449
81$2,518,071$834,280$545,709$1,298,752
82$2,699,165$799,411$488,241$1,318,233
83$2,896,344$760,446$426,462$1,339,109
84$3,111,175$717,112$360,151$1,361,631
85$3,345,379$669,115$289,081$1,386,082
86$3,600,854$616,147$213,011$1,412,786
87$3,879,686$557,883$131,692$1,442,106
88$4,184,172$493,977$44,862$1,474,456
89$4,516,842$424,067$0$1,510,303
90$4,880,479$347,765$0$1,562,411
91$5,278,149$264,667$0$1,632,189
92$5,713,227$174,343$0$1,708,877
93$6,189,430$76,339$0$1,793,300
94$6,710,849$0$0$1,886,381
95$7,281,991$0$0$2,005,553
96$7,907,818$0$0$2,182,317
97$8,593,796$0$0$2,376,235
98$9,345,945$0$0$2,589,030
99$10,170,893$0$0$2,822,598
100$11,075,944$0$0$3,079,028