Can I retire at age 67 with 966,000?

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 $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%14%
1 years$79,771$79,061$78,368$77,691$77,030$75,754
2 years$39,491$38,755$38,043$37,351$36,681$35,399
3 years$26,066$25,327$24,616$23,931$23,272$22,024
4 years$19,354$18,618$17,914$17,241$16,598$15,394
5 years$15,329$14,597$13,902$13,243$12,617$11,460
6 years$12,646$11,919$11,235$10,590$9,984$8,875
7 years$10,730$10,010$9,336$8,707$8,119$7,060
8 years$9,294$8,580$7,918$7,304$6,736$5,725
9 years$8,178$7,471$6,820$6,221$5,673$4,710
10 years$7,285$6,585$5,946$5,363$4,833$3,918
11 years$6,555$5,862$5,234$4,667$4,157$3,287
12 years$5,948$5,262$4,645$4,094$3,602$2,778
13 years$5,434$4,755$4,150$3,614$3,141$2,361
14 years$4,994$4,322$3,729$3,208$2,754$2,016
15 years$4,613$3,948$3,367$2,861$2,424$1,728
16 years$4,280$3,623$3,053$2,562$2,143$1,486
17 years$3,986$3,336$2,778$2,302$1,900$1,281
18 years$3,725$3,083$2,536$2,075$1,689$1,108
19 years$3,493$2,857$2,321$1,874$1,506$959
20 years$3,283$2,655$2,130$1,698$1,345$832
21 years$3,094$2,473$1,960$1,541$1,204$723
22 years$2,922$2,308$1,806$1,401$1,079$629
23 years$2,766$2,159$1,668$1,276$968$548
24 years$2,622$2,023$1,542$1,164$870$477
25 years$2,490$1,898$1,428$1,063$783$417
26 years$2,369$1,784$1,325$972$706$364
27 years$2,257$1,679$1,230$889$636$318
28 years$2,153$1,582$1,144$815$574$278
29 years$2,056$1,493$1,064$747$518$243
30 years$1,966$1,410$991$686$468$212
31 years$1,882$1,333$924$630$423$186
32 years$1,804$1,261$862$579$383$163
33 years$1,730$1,194$805$532$347$142
34 years$1,661$1,132$752$490$314$125
35 years$1,596$1,073$703$451$284$109
36 years$1,534$1,019$658$415$258$96
37 years$1,476$968$616$383$233$84
38 years$1,422$920$577$353$212$73
39 years$1,370$874$540$325$192$64
40 years$1,321$832$506$300$174$56
41 years$1,274$792$475$277$158$49
42 years$1,230$754$445$255$143$43
43 years$1,188$719$418$236$130$38
44 years$1,148$685$392$218$118$33
45 years$1,110$653$368$201$107$29
46 years$1,073$623$346$186$97$26
47 years$1,038$595$325$172$88$22
48 years$1,005$568$305$159$80$20
49 years$974$542$287$146$73$17
50 years$943$518$270$135$66$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $966,000, adding $3,642 every year, while hoping to spend $21,795 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: 57/32/11 Blend
66$966,000$966,000$966,000$966,000
67$1,068,289$1,017,091$1,002,118$1,126,086
68$1,154,064$1,043,738$1,012,499$1,192,179
69$1,247,859$1,070,961$1,022,497$1,261,427
70$1,350,467$1,098,765$1,032,077$1,336,360
71$1,462,763$1,127,153$1,041,201$1,417,525
72$1,585,713$1,156,131$1,049,829$1,505,524
73$1,720,376$1,185,702$1,057,919$1,601,022
74$1,867,922$1,215,869$1,065,426$1,704,747
75$2,029,637$1,246,634$1,072,306$1,817,505
76$2,206,940$1,277,999$1,078,508$1,940,180
77$2,401,392$1,309,965$1,083,982$2,073,748
78$2,614,712$1,342,532$1,088,673$2,219,283
79$2,848,795$1,375,698$1,092,526$2,377,968
80$3,105,726$1,409,461$1,095,480$2,551,106
81$3,387,805$1,443,820$1,097,473$2,740,133
82$3,697,563$1,478,768$1,098,440$2,946,631
83$4,037,788$1,514,302$1,098,312$3,172,341
84$4,411,553$1,550,413$1,097,016$3,419,182
85$4,822,243$1,587,095$1,094,477$3,689,270
86$5,273,585$1,624,335$1,090,615$3,984,934
87$5,769,687$1,662,125$1,085,347$4,308,741
88$6,315,075$1,700,449$1,078,586$4,663,519
89$6,914,734$1,739,292$1,070,240$5,052,384
90$7,574,157$1,778,638$1,060,214$5,478,771
91$8,299,397$1,818,467$1,048,407$5,946,462
92$9,097,120$1,858,756$1,034,713$6,459,627
93$9,974,673$1,899,482$1,019,023$7,022,859
94$10,940,150$1,940,617$1,001,221$7,641,222
95$12,002,470$1,982,132$981,186$8,320,292
96$13,171,459$2,023,994$958,793$9,066,218
97$14,457,945$2,066,166$933,909$9,885,773
98$15,873,856$2,108,609$906,395$10,786,422
99$17,432,337$2,151,279$876,108$11,776,391
100$19,147,874$2,194,130$842,896$12,864,744