Can I retire at age 67 with 977,000?

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 $977,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$80,680$79,961$79,260$78,576$77,907$74,935
2 years$39,940$39,197$38,476$37,777$37,099$34,139
3 years$26,362$25,615$24,896$24,204$23,537$20,683
4 years$19,575$18,830$18,118$17,438$16,787$14,060
5 years$15,503$14,763$14,060$13,394$12,761$10,169
6 years$12,790$12,055$11,363$10,711$10,097$7,642
7 years$10,852$10,124$9,443$8,806$8,212$5,892
8 years$9,400$8,678$8,008$7,387$6,813$4,626
9 years$8,271$7,556$6,897$6,292$5,737$3,681
10 years$7,368$6,660$6,013$5,424$4,888$2,959
11 years$6,630$5,929$5,294$4,721$4,204$2,397
12 years$6,015$5,322$4,698$4,141$3,643$1,953
13 years$5,496$4,809$4,198$3,655$3,177$1,600
14 years$5,051$4,371$3,772$3,245$2,785$1,315
15 years$4,665$3,993$3,405$2,894$2,452$1,085
16 years$4,328$3,664$3,087$2,591$2,167$897
17 years$4,032$3,374$2,809$2,328$1,922$743
18 years$3,768$3,118$2,565$2,098$1,709$617
19 years$3,532$2,890$2,348$1,896$1,523$513
20 years$3,321$2,685$2,155$1,717$1,360$426
21 years$3,129$2,501$1,982$1,558$1,217$355
22 years$2,955$2,335$1,827$1,417$1,091$296
23 years$2,797$2,184$1,687$1,290$979$247
24 years$2,652$2,046$1,560$1,177$880$206
25 years$2,519$1,920$1,445$1,075$792$172
26 years$2,396$1,805$1,340$983$714$144
27 years$2,283$1,698$1,244$900$643$120
28 years$2,178$1,600$1,157$824$580$100
29 years$2,080$1,510$1,076$756$524$84
30 years$1,989$1,426$1,003$694$474$70
31 years$1,904$1,348$935$637$428$59
32 years$1,824$1,275$872$585$387$49
33 years$1,750$1,208$814$538$351$41
34 years$1,680$1,145$761$495$317$34
35 years$1,614$1,086$711$456$287$29
36 years$1,552$1,030$665$420$260$24
37 years$1,493$979$623$387$236$20
38 years$1,438$930$583$357$214$17
39 years$1,385$884$546$329$194$14
40 years$1,336$841$512$303$176$12
41 years$1,289$801$480$280$160$10
42 years$1,244$763$450$258$145$8
43 years$1,201$727$423$238$132$7
44 years$1,161$693$397$220$119$6
45 years$1,122$661$373$203$108$5
46 years$1,085$630$350$188$98$4
47 years$1,050$601$329$173$89$3
48 years$1,017$574$309$160$81$3
49 years$985$548$290$148$74$2
50 years$954$524$273$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $977,000, adding $3,564 every year, while hoping to spend $31,333 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: 39/48/13 Blend
66$977,000$977,000$977,000$977,000
67$1,080,330$1,028,549$1,013,406$1,118,107
68$1,157,186$1,045,610$1,014,017$1,162,315
69$1,240,831$1,062,457$1,013,598$1,206,761
70$1,331,924$1,079,046$1,012,082$1,254,133
71$1,431,191$1,095,330$1,009,398$1,304,711
72$1,539,432$1,111,260$1,005,472$1,358,802
73$1,657,523$1,126,782$1,000,225$1,416,746
74$1,786,434$1,141,837$993,576$1,478,920
75$1,927,229$1,156,366$985,439$1,545,739
76$2,081,080$1,170,302$975,725$1,617,661
77$2,249,278$1,183,574$964,340$1,695,194
78$2,433,244$1,196,109$951,185$1,778,897
79$2,634,543$1,207,826$936,157$1,869,388
80$2,854,897$1,218,640$919,149$1,967,352
81$3,096,203$1,228,460$900,047$2,073,542
82$3,360,551$1,237,190$878,734$2,188,792
83$3,650,242$1,244,727$855,086$2,314,022
84$3,967,808$1,250,960$828,973$2,450,250
85$4,316,042$1,255,774$800,261$2,598,596
86$4,698,016$1,259,045$768,808$2,760,303
87$5,117,116$1,260,641$734,465$2,936,737
88$5,577,071$1,260,422$697,079$3,129,411
89$6,081,989$1,258,239$656,488$3,339,995
90$6,636,395$1,253,936$612,523$3,570,329
91$7,245,272$1,247,343$565,008$3,822,450
92$7,914,112$1,238,285$513,757$4,098,602
93$8,648,962$1,226,572$458,579$4,401,265
94$9,456,487$1,212,005$399,273$4,733,174
95$10,344,028$1,194,372$335,627$5,097,351
96$11,319,672$1,173,449$267,424$5,497,128
97$12,392,328$1,148,999$194,432$5,936,186
98$13,571,815$1,120,768$116,415$6,418,584
99$14,868,946$1,088,492$33,121$6,948,802
100$16,295,637$1,051,887$0$7,531,785