Can I retire at age 67 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$80,267$79,552$78,854$78,173$77,509$75,913
2 years$39,736$38,996$38,279$37,583$36,909$35,308
3 years$26,228$25,484$24,769$24,080$23,417$21,861
4 years$19,475$18,734$18,025$17,348$16,701$15,203
5 years$15,424$14,687$13,988$13,325$12,696$11,259
6 years$12,724$11,993$11,305$10,656$10,046$8,672
7 years$10,797$10,072$9,394$8,761$8,170$6,859
8 years$9,352$8,634$7,967$7,349$6,778$5,530
9 years$8,229$7,517$6,862$6,260$5,708$4,522
10 years$7,330$6,626$5,983$5,396$4,863$3,739
11 years$6,596$5,899$5,267$4,696$4,183$3,118
12 years$5,985$5,294$4,674$4,119$3,625$2,618
13 years$5,468$4,785$4,176$3,637$3,161$2,210
14 years$5,025$4,349$3,752$3,228$2,771$1,874
15 years$4,641$3,973$3,388$2,879$2,439$1,595
16 years$4,306$3,645$3,072$2,578$2,156$1,362
17 years$4,011$3,357$2,795$2,316$1,912$1,167
18 years$3,749$3,102$2,551$2,087$1,700$1,001
19 years$3,514$2,875$2,336$1,886$1,515$861
20 years$3,304$2,671$2,144$1,708$1,353$741
21 years$3,113$2,488$1,972$1,550$1,211$639
22 years$2,940$2,323$1,817$1,410$1,086$552
23 years$2,783$2,172$1,678$1,284$974$477
24 years$2,638$2,035$1,552$1,171$876$412
25 years$2,506$1,910$1,437$1,069$788$357
26 years$2,384$1,795$1,333$978$710$309
27 years$2,271$1,690$1,238$895$640$268
28 years$2,166$1,592$1,151$820$578$232
29 years$2,069$1,502$1,071$752$521$201
30 years$1,979$1,418$997$690$471$175
31 years$1,894$1,341$930$634$426$152
32 years$1,815$1,269$868$582$385$132
33 years$1,741$1,202$810$536$349$114
34 years$1,671$1,139$757$493$316$99
35 years$1,606$1,080$708$454$286$86
36 years$1,544$1,025$662$418$259$75
37 years$1,485$974$620$385$235$65
38 years$1,430$925$580$355$213$56
39 years$1,378$880$544$327$193$49
40 years$1,329$837$510$302$175$43
41 years$1,282$797$478$278$159$37
42 years$1,237$759$448$257$144$32
43 years$1,195$723$421$237$131$28
44 years$1,155$689$395$219$119$24
45 years$1,116$657$371$202$108$21
46 years$1,080$627$348$187$98$18
47 years$1,045$598$327$173$89$16
48 years$1,012$571$307$159$81$14
49 years$980$545$289$147$73$12
50 years$949$521$272$136$67$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $972,000, adding $3,014 every year, while hoping to spend $57,742 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: 53/21/26 Blend
66$972,000$972,000$972,000$972,000
67$1,074,253$1,022,737$1,007,671$1,123,271
68$1,122,390$1,011,414$979,991$1,146,169
69$1,173,501$997,601$949,448$1,164,913
70$1,227,830$981,115$915,886$1,184,140
71$1,285,641$961,762$879,141$1,203,918
72$1,347,224$939,337$839,040$1,224,326
73$1,412,899$913,622$795,406$1,245,454
74$1,483,012$884,387$748,049$1,267,405
75$1,557,946$851,388$696,776$1,290,294
76$1,638,118$814,368$641,380$1,314,254
77$1,723,988$773,054$581,648$1,339,437
78$1,816,059$727,157$517,356$1,366,012
79$1,914,881$676,372$448,272$1,394,172
80$2,021,061$620,377$374,152$1,424,135
81$2,135,264$558,830$294,740$1,456,144
82$2,258,219$491,371$209,772$1,490,477
83$2,390,728$417,619$118,971$1,527,442
84$2,533,672$337,171$22,045$1,567,388
85$2,688,017$249,603$0$1,610,705
86$2,854,826$154,465$0$1,680,410
87$3,035,268$51,283$0$1,762,407
88$3,230,626$0$0$1,851,214
89$3,442,312$0$0$1,961,503
90$3,671,878$0$0$2,094,040
91$3,921,032$0$0$2,237,968
92$4,191,649$0$0$2,394,382
93$4,485,796$0$0$2,564,487
94$4,805,743$0$0$2,749,607
95$5,153,990$0$0$2,951,202
96$5,533,288$0$0$3,170,875
97$5,946,662$0$0$3,410,392
98$6,397,443$0$0$3,671,696
99$6,889,297$0$0$3,956,927
100$7,426,259$0$0$4,268,440