Can I retire at age 67 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$80,349$79,634$78,935$78,254$77,588$77,035
2 years$39,777$39,036$38,318$37,622$36,947$36,389
3 years$26,255$25,511$24,794$24,105$23,441$22,895
4 years$19,495$18,753$18,044$17,366$16,718$16,189
5 years$15,440$14,703$14,003$13,339$12,709$12,199
6 years$12,737$12,006$11,316$10,667$10,056$9,565
7 years$10,808$10,082$9,404$8,770$8,178$7,706
8 years$9,361$8,642$7,975$7,357$6,785$6,332
9 years$8,237$7,525$6,869$6,267$5,714$5,280
10 years$7,338$6,633$5,989$5,402$4,868$4,454
11 years$6,603$5,905$5,272$4,701$4,187$3,791
12 years$5,991$5,300$4,679$4,124$3,628$3,251
13 years$5,473$4,789$4,180$3,641$3,164$2,804
14 years$5,030$4,353$3,756$3,232$2,773$2,431
15 years$4,646$3,977$3,391$2,882$2,442$2,117
16 years$4,311$3,649$3,075$2,581$2,158$1,850
17 years$4,015$3,360$2,798$2,319$1,914$1,621
18 years$3,752$3,105$2,554$2,090$1,702$1,424
19 years$3,518$2,878$2,338$1,888$1,517$1,254
20 years$3,307$2,674$2,146$1,710$1,355$1,107
21 years$3,116$2,491$1,974$1,552$1,212$978
22 years$2,943$2,325$1,819$1,411$1,087$866
23 years$2,786$2,175$1,680$1,285$975$768
24 years$2,641$2,038$1,553$1,172$877$681
25 years$2,509$1,912$1,439$1,070$789$605
26 years$2,386$1,797$1,334$979$711$538
27 years$2,273$1,691$1,239$896$641$479
28 years$2,169$1,594$1,152$821$578$426
29 years$2,071$1,503$1,072$753$522$380
30 years$1,981$1,420$998$691$472$338
31 years$1,896$1,342$931$634$426$302
32 years$1,817$1,270$868$583$386$269
33 years$1,743$1,203$811$536$349$240
34 years$1,673$1,140$758$493$316$214
35 years$1,607$1,081$708$454$286$191
36 years$1,545$1,026$663$418$259$171
37 years$1,487$975$620$385$235$153
38 years$1,432$926$581$355$213$137
39 years$1,380$881$544$328$193$122
40 years$1,330$838$510$302$175$109
41 years$1,283$798$478$279$159$98
42 years$1,239$760$449$257$144$87
43 years$1,196$724$421$237$131$78
44 years$1,156$690$395$219$119$70
45 years$1,118$658$371$202$108$62
46 years$1,081$628$348$187$98$56
47 years$1,046$599$327$173$89$50
48 years$1,013$572$308$160$81$45
49 years$981$546$289$148$73$40
50 years$950$522$272$136$67$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $973,000, adding $2,865 every year, while hoping to spend $51,458 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: 67/15/18 Blend
66$973,000$973,000$973,000$973,000
67$1,075,201$1,023,632$1,008,551$1,142,312
68$1,130,121$1,019,039$987,586$1,182,954
69$1,188,918$1,012,497$964,195$1,221,126
70$1,251,933$1,003,854$938,241$1,261,610
71$1,319,540$992,954$909,582$1,304,631
72$1,392,151$979,626$878,071$1,350,438
73$1,470,216$963,693$843,552$1,399,307
74$1,554,229$944,965$805,862$1,451,543
75$1,644,734$923,242$764,832$1,507,486
76$1,742,328$898,312$720,285$1,567,508
77$1,847,666$869,950$672,035$1,632,026
78$1,961,469$837,918$619,889$1,701,496
79$2,084,527$801,965$563,644$1,776,427
80$2,217,712$761,825$503,089$1,857,380
81$2,361,980$717,215$438,004$1,944,976
82$2,518,381$667,838$368,157$2,039,901
83$2,688,074$613,380$293,307$2,142,916
84$2,872,328$553,507$213,204$2,254,861
85$3,072,544$487,867$127,585$2,376,663
86$3,290,260$416,089$36,175$2,509,351
87$3,527,169$337,779$0$2,654,060
88$3,785,134$252,524$0$2,823,831
89$4,066,204$159,884$0$3,016,445
90$4,372,635$59,397$0$3,226,539
91$4,706,910$0$0$3,455,868
92$5,071,762$0$0$3,714,528
93$5,470,198$0$0$4,007,759
94$5,905,530$0$0$4,328,202
95$6,381,402$0$0$4,678,547
96$6,901,830$0$0$5,061,757
97$7,471,231$0$0$5,481,093
98$8,094,471$0$0$5,940,147
99$8,776,909$0$0$6,442,874
100$9,524,445$0$0$6,993,629