Can I retire at age 67 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$80,597$79,879$79,179$78,495$77,828$77,305
2 years$39,900$39,156$38,436$37,738$37,061$36,533
3 years$26,336$25,589$24,871$24,179$23,513$22,997
4 years$19,555$18,811$18,100$17,420$16,770$16,270
5 years$15,487$14,748$14,046$13,380$12,748$12,266
6 years$12,777$12,043$11,351$10,700$10,087$9,623
7 years$10,841$10,113$9,433$8,797$8,203$7,757
8 years$9,390$8,669$8,000$7,380$6,806$6,377
9 years$8,262$7,548$6,890$6,286$5,731$5,321
10 years$7,361$6,653$6,007$5,418$4,883$4,491
11 years$6,623$5,923$5,289$4,716$4,200$3,825
12 years$6,009$5,316$4,693$4,136$3,639$3,282
13 years$5,490$4,804$4,193$3,652$3,174$2,833
14 years$5,046$4,367$3,768$3,242$2,782$2,458
15 years$4,661$3,989$3,402$2,891$2,450$2,141
16 years$4,324$3,660$3,084$2,589$2,165$1,872
17 years$4,027$3,371$2,806$2,326$1,920$1,642
18 years$3,764$3,115$2,562$2,096$1,707$1,444
19 years$3,529$2,887$2,345$1,894$1,521$1,273
20 years$3,317$2,682$2,152$1,715$1,359$1,124
21 years$3,126$2,499$1,980$1,557$1,216$994
22 years$2,952$2,332$1,825$1,415$1,090$880
23 years$2,794$2,181$1,685$1,289$978$781
24 years$2,649$2,044$1,558$1,176$879$694
25 years$2,516$1,918$1,443$1,074$791$617
26 years$2,394$1,803$1,338$982$713$549
27 years$2,280$1,697$1,243$899$643$488
28 years$2,175$1,599$1,155$823$580$435
29 years$2,078$1,508$1,075$755$524$388
30 years$1,987$1,424$1,002$693$473$346
31 years$1,902$1,346$934$636$428$309
32 years$1,822$1,274$871$585$387$276
33 years$1,748$1,206$813$538$350$246
34 years$1,678$1,143$760$495$317$220
35 years$1,612$1,085$711$456$287$197
36 years$1,550$1,029$665$420$260$176
37 years$1,492$978$622$387$236$157
38 years$1,436$929$583$356$214$141
39 years$1,384$884$546$329$194$126
40 years$1,334$841$512$303$176$113
41 years$1,287$800$480$280$160$101
42 years$1,243$762$450$258$145$90
43 years$1,200$726$422$238$131$81
44 years$1,160$692$396$220$119$72
45 years$1,121$660$372$203$108$65
46 years$1,084$630$350$188$98$58
47 years$1,049$601$328$173$89$52
48 years$1,016$574$309$160$81$46
49 years$984$548$290$148$74$42
50 years$953$523$273$137$67$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $976,000, adding $2,077 every year, while hoping to spend $32,711 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: 47/30/23 Blend
66$976,000$976,000$976,000$976,000
67$1,077,694$1,025,966$1,010,838$1,121,183
68$1,152,815$1,041,435$1,009,897$1,167,334
69$1,234,502$1,056,564$1,007,828$1,213,990
70$1,323,389$1,071,304$1,004,559$1,263,969
71$1,420,177$1,085,600$1,000,014$1,317,600
72$1,525,634$1,099,394$994,113$1,375,243
73$1,640,606$1,112,622$986,774$1,437,298
74$1,766,026$1,125,218$977,908$1,504,204
75$1,902,917$1,137,110$967,425$1,576,449
76$2,052,409$1,148,223$955,228$1,654,571
77$2,215,745$1,158,476$941,218$1,739,164
78$2,394,291$1,167,781$925,289$1,830,884
79$2,589,554$1,176,048$907,332$1,930,457
80$2,803,192$1,183,178$887,231$2,038,683
81$3,037,030$1,189,066$864,865$2,156,445
82$3,293,079$1,193,602$840,110$2,284,722
83$3,573,553$1,196,668$812,834$2,424,590
84$3,880,889$1,198,139$782,897$2,577,242
85$4,217,772$1,197,880$750,157$2,743,990
86$4,587,161$1,195,752$714,463$2,926,287
87$4,992,310$1,191,603$675,657$3,125,735
88$5,436,809$1,185,275$633,575$3,344,104
89$5,924,608$1,176,598$588,044$3,583,344
90$6,460,060$1,165,394$538,885$3,845,613
91$7,047,959$1,151,471$485,911$4,133,288
92$7,693,587$1,134,628$428,924$4,448,995
93$8,402,760$1,114,653$367,721$4,795,632
94$9,181,889$1,091,318$302,087$5,176,396
95$10,038,033$1,064,384$231,798$5,594,816
96$10,978,971$1,033,597$156,622$6,054,786
97$12,013,272$998,690$76,315$6,560,601
98$13,150,377$959,377$0$7,117,001
99$14,400,687$915,357$0$7,731,520
100$15,775,661$866,314$0$8,427,760