Can I retire at age 67 with 968,000?

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 $968,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$79,937$79,225$78,530$77,852$77,190$75,631
2 years$39,573$38,836$38,121$37,429$36,757$35,194
3 years$26,120$25,379$24,667$23,981$23,320$21,801
4 years$19,395$18,657$17,951$17,277$16,632$15,168
5 years$15,360$14,627$13,931$13,270$12,643$11,240
6 years$12,672$11,944$11,258$10,612$10,004$8,662
7 years$10,752$10,031$9,356$8,725$8,136$6,855
8 years$9,313$8,598$7,934$7,319$6,750$5,530
9 years$8,195$7,486$6,834$6,234$5,684$4,525
10 years$7,300$6,599$5,958$5,374$4,843$3,743
11 years$6,569$5,874$5,245$4,677$4,165$3,123
12 years$5,960$5,273$4,655$4,102$3,610$2,624
13 years$5,445$4,765$4,159$3,622$3,148$2,217
14 years$5,004$4,331$3,737$3,215$2,759$1,881
15 years$4,622$3,957$3,374$2,867$2,429$1,603
16 years$4,289$3,630$3,059$2,567$2,147$1,370
17 years$3,994$3,343$2,783$2,307$1,904$1,173
18 years$3,733$3,089$2,541$2,079$1,693$1,008
19 years$3,500$2,863$2,326$1,878$1,509$867
20 years$3,290$2,660$2,135$1,701$1,348$747
21 years$3,100$2,478$1,964$1,544$1,206$645
22 years$2,928$2,313$1,810$1,404$1,081$557
23 years$2,771$2,164$1,671$1,278$970$482
24 years$2,628$2,027$1,545$1,166$872$417
25 years$2,496$1,902$1,431$1,065$785$361
26 years$2,374$1,788$1,327$974$707$313
27 years$2,262$1,683$1,233$891$637$271
28 years$2,157$1,586$1,146$817$575$235
29 years$2,061$1,496$1,066$749$519$204
30 years$1,970$1,413$993$687$469$177
31 years$1,886$1,335$926$631$424$154
32 years$1,807$1,264$864$580$384$134
33 years$1,734$1,197$807$533$347$116
34 years$1,664$1,134$754$491$314$101
35 years$1,599$1,076$705$452$285$88
36 years$1,537$1,021$659$416$258$76
37 years$1,479$970$617$383$234$66
38 years$1,425$922$578$353$212$58
39 years$1,373$876$541$326$192$50
40 years$1,323$834$507$301$174$44
41 years$1,277$794$476$277$158$38
42 years$1,232$756$446$256$144$33
43 years$1,190$720$419$236$130$29
44 years$1,150$686$393$218$118$25
45 years$1,112$655$369$201$107$22
46 years$1,075$624$347$186$97$19
47 years$1,041$596$326$172$89$16
48 years$1,007$569$306$159$80$14
49 years$976$543$288$147$73$12
50 years$945$519$270$136$66$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $968,000, adding $4,091 every year, while hoping to spend $20,267 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: 67/6/27 Blend
66$968,000$968,000$968,000$968,000
67$1,070,956$1,019,652$1,004,648$1,134,909
68$1,158,629$1,048,051$1,016,740$1,206,875
69$1,254,566$1,077,162$1,028,557$1,282,894
70$1,359,588$1,106,999$1,040,070$1,365,582
71$1,474,600$1,137,576$1,051,246$1,455,601
72$1,600,597$1,168,905$1,062,050$1,553,676
73$1,738,677$1,201,000$1,072,448$1,660,609
74$1,890,047$1,233,875$1,082,401$1,777,283
75$2,056,040$1,267,542$1,091,869$1,904,668
76$2,238,119$1,302,015$1,100,810$2,043,837
77$2,437,901$1,337,307$1,109,180$2,195,971
78$2,657,162$1,373,430$1,116,933$2,362,369
79$2,897,861$1,410,397$1,124,019$2,544,465
80$3,162,156$1,448,220$1,130,387$2,743,839
81$3,452,424$1,486,911$1,135,983$2,962,231
82$3,771,282$1,526,480$1,140,749$3,201,560
83$4,121,616$1,566,941$1,144,627$3,463,938
84$4,506,602$1,608,302$1,147,553$3,751,695
85$4,929,740$1,650,574$1,149,461$4,067,398
86$5,394,889$1,693,767$1,150,283$4,413,875
87$5,906,295$1,737,889$1,149,945$4,794,245
88$6,468,640$1,782,948$1,148,371$5,211,942
89$7,087,081$1,828,952$1,145,481$5,670,752
90$7,767,300$1,875,908$1,141,192$6,174,849
91$8,515,558$1,923,821$1,135,415$6,728,829
92$9,338,752$1,972,695$1,128,058$7,337,760
93$10,244,481$2,022,534$1,119,025$8,007,228
94$11,241,120$2,073,340$1,108,215$8,743,386
95$12,337,895$2,125,115$1,095,521$9,553,018
96$13,544,972$2,177,857$1,080,832$10,443,598
97$14,873,552$2,231,564$1,064,033$11,423,364
98$16,335,977$2,286,234$1,045,001$12,501,395
99$17,945,848$2,341,860$1,023,609$13,687,697
100$19,718,148$2,398,435$999,724$14,993,296