Can I retire at age 67 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$80,019$79,306$78,611$77,932$77,269$74,262
2 years$39,613$38,876$38,161$37,467$36,795$33,802
3 years$26,147$25,406$24,692$24,006$23,344$20,459
4 years$19,415$18,676$17,970$17,295$16,649$13,894
5 years$15,376$14,642$13,945$13,284$12,657$10,038
6 years$12,685$11,956$11,270$10,623$10,015$7,535
7 years$10,764$10,041$9,365$8,734$8,145$5,803
8 years$9,323$8,607$7,943$7,327$6,757$4,551
9 years$8,203$7,494$6,841$6,241$5,690$3,617
10 years$7,308$6,606$5,964$5,380$4,848$2,903
11 years$6,576$5,880$5,251$4,682$4,170$2,349
12 years$5,966$5,278$4,660$4,107$3,613$1,912
13 years$5,451$4,770$4,163$3,626$3,151$1,564
14 years$5,009$4,336$3,741$3,218$2,762$1,284
15 years$4,627$3,961$3,377$2,870$2,432$1,057
16 years$4,293$3,634$3,062$2,570$2,149$873
17 years$3,999$3,347$2,786$2,309$1,906$722
18 years$3,737$3,092$2,544$2,081$1,695$598
19 years$3,503$2,866$2,329$1,880$1,510$497
20 years$3,293$2,663$2,137$1,703$1,349$413
21 years$3,104$2,481$1,966$1,546$1,207$343
22 years$2,931$2,316$1,812$1,405$1,082$285
23 years$2,774$2,166$1,673$1,280$971$238
24 years$2,630$2,029$1,547$1,167$873$198
25 years$2,498$1,904$1,433$1,066$786$165
26 years$2,377$1,790$1,329$975$708$138
27 years$2,264$1,684$1,234$892$638$115
28 years$2,160$1,587$1,147$817$576$96
29 years$2,063$1,497$1,068$750$520$80
30 years$1,972$1,414$994$688$470$67
31 years$1,888$1,337$927$632$425$56
32 years$1,809$1,265$865$581$384$47
33 years$1,735$1,198$808$534$348$39
34 years$1,666$1,135$755$491$315$32
35 years$1,601$1,077$705$452$285$27
36 years$1,539$1,022$660$417$258$23
37 years$1,481$971$618$384$234$19
38 years$1,426$922$578$354$212$16
39 years$1,374$877$542$326$192$13
40 years$1,325$835$508$301$175$11
41 years$1,278$794$476$278$158$9
42 years$1,234$757$447$256$144$8
43 years$1,191$721$419$236$130$6
44 years$1,151$687$394$218$118$5
45 years$1,113$655$370$202$107$4
46 years$1,077$625$347$186$98$4
47 years$1,042$597$326$172$89$3
48 years$1,008$569$306$159$80$3
49 years$977$544$288$147$73$2
50 years$946$519$271$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $969,000, adding $2,030 every year, while hoping to spend $30,455 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: 64/31/5 Blend
66$969,000$969,000$969,000$969,000
67$1,069,932$1,018,575$1,003,555$1,137,519
68$1,146,661$1,036,081$1,004,771$1,200,224
69$1,230,196$1,053,425$1,005,006$1,264,875
70$1,321,198$1,070,565$1,004,196$1,334,676
71$1,420,397$1,087,459$1,002,273$1,410,122
72$1,528,594$1,104,061$999,166$1,491,762
73$1,646,671$1,120,320$994,798$1,580,196
74$1,775,600$1,136,185$989,093$1,676,089
75$1,916,451$1,151,597$981,967$1,780,173
76$2,070,400$1,166,497$973,334$1,893,253
77$2,238,744$1,180,818$963,103$2,016,218
78$2,422,909$1,194,491$951,181$2,150,048
79$2,624,467$1,207,443$937,467$2,295,820
80$2,845,149$1,219,594$921,858$2,454,725
81$3,086,859$1,230,859$904,245$2,628,073
82$3,351,696$1,241,148$884,515$2,817,310
83$3,641,971$1,250,366$862,548$3,024,026
84$3,960,228$1,258,411$838,219$3,249,979
85$4,309,271$1,265,172$811,399$3,497,103
86$4,692,187$1,270,536$781,952$3,767,531
87$5,112,377$1,274,379$749,734$4,063,614
88$5,573,586$1,276,570$714,596$4,387,943
89$6,079,941$1,276,971$676,384$4,743,376
90$6,635,985$1,275,433$634,934$5,133,062
91$7,246,727$1,271,801$590,075$5,560,473
92$7,917,682$1,265,908$541,631$6,029,435
93$8,654,925$1,257,577$489,415$6,544,167
94$9,465,151$1,246,621$433,234$7,109,319
95$10,355,733$1,232,843$372,885$7,730,018
96$11,334,797$1,216,031$308,155$8,411,914
97$12,411,293$1,195,963$238,825$9,161,236
98$13,595,082$1,172,403$164,663$9,984,851
99$14,897,029$1,145,100$85,429$10,890,328
100$16,329,106$1,113,789$870$11,886,011