Can I retire at age 67 with 978,000?

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 $978,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$80,762$80,043$79,341$78,656$77,987$77,109
2 years$39,981$39,237$38,515$37,815$37,137$36,252
3 years$26,389$25,642$24,922$24,229$23,561$22,698
4 years$19,595$18,849$18,137$17,455$16,804$15,969
5 years$15,519$14,778$14,075$13,407$12,774$11,970
6 years$12,803$12,067$11,375$10,722$10,108$9,335
7 years$10,863$10,134$9,452$8,815$8,220$7,480
8 years$9,410$8,687$8,016$7,395$6,820$6,111
9 years$8,279$7,563$6,904$6,299$5,743$5,066
10 years$7,376$6,667$6,019$5,430$4,893$4,248
11 years$6,637$5,935$5,299$4,725$4,208$3,593
12 years$6,022$5,327$4,703$4,145$3,647$3,062
13 years$5,501$4,814$4,202$3,659$3,180$2,624
14 years$5,056$4,376$3,775$3,248$2,788$2,260
15 years$4,670$3,997$3,409$2,897$2,455$1,955
16 years$4,333$3,668$3,091$2,594$2,169$1,696
17 years$4,036$3,378$2,812$2,331$1,923$1,476
18 years$3,772$3,121$2,567$2,100$1,710$1,288
19 years$3,536$2,893$2,350$1,898$1,524$1,126
20 years$3,324$2,688$2,157$1,719$1,362$987
21 years$3,132$2,504$1,984$1,560$1,219$866
22 years$2,958$2,337$1,828$1,418$1,092$760
23 years$2,800$2,186$1,688$1,292$980$669
24 years$2,655$2,048$1,561$1,178$881$589
25 years$2,521$1,922$1,446$1,076$793$519
26 years$2,399$1,806$1,341$984$714$458
27 years$2,285$1,700$1,245$900$644$404
28 years$2,180$1,602$1,158$825$581$357
29 years$2,082$1,511$1,077$757$525$315
30 years$1,991$1,427$1,004$694$474$279
31 years$1,906$1,349$936$638$429$247
32 years$1,826$1,277$873$586$388$218
33 years$1,751$1,209$815$539$351$193
34 years$1,681$1,146$762$496$318$171
35 years$1,615$1,087$712$456$288$151
36 years$1,553$1,032$666$420$261$134
37 years$1,495$980$623$387$236$119
38 years$1,439$931$584$357$214$105
39 years$1,387$885$547$329$194$93
40 years$1,337$842$513$304$176$83
41 years$1,290$802$481$280$160$73
42 years$1,245$764$451$259$145$65
43 years$1,203$728$423$239$132$58
44 years$1,162$694$397$220$119$51
45 years$1,123$661$373$204$108$45
46 years$1,087$631$350$188$98$40
47 years$1,051$602$329$174$89$36
48 years$1,018$575$309$160$81$32
49 years$986$549$291$148$74$28
50 years$955$524$273$137$67$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $978,000, adding $2,122 every year, while hoping to spend $26,670 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: 41/34/25 Blend
66$978,000$978,000$978,000$978,000
67$1,079,945$1,028,111$1,012,952$1,116,202
68$1,161,723$1,050,112$1,018,509$1,164,477
69$1,250,948$1,072,297$1,023,359$1,214,016
70$1,348,352$1,094,647$1,027,449$1,267,114
71$1,454,740$1,117,141$1,030,724$1,324,116
72$1,570,999$1,139,756$1,033,129$1,385,396
73$1,698,104$1,162,467$1,034,602$1,451,374
74$1,837,130$1,185,248$1,035,081$1,522,507
75$1,989,261$1,208,068$1,034,499$1,599,303
76$2,155,798$1,230,896$1,032,787$1,682,321
77$2,338,176$1,253,696$1,029,872$1,772,179
78$2,537,975$1,276,432$1,025,678$1,869,557
79$2,756,934$1,299,064$1,020,125$1,975,205
80$2,996,971$1,321,547$1,013,128$2,089,954
81$3,260,194$1,343,835$1,004,600$2,214,715
82$3,548,928$1,365,877$994,448$2,350,499
83$3,865,733$1,387,619$982,576$2,498,418
84$4,213,429$1,409,004$968,884$2,659,698
85$4,595,121$1,429,968$953,264$2,835,694
86$5,014,232$1,450,444$935,607$3,027,899
87$5,474,530$1,470,363$915,796$3,237,960
88$5,980,167$1,489,645$893,710$3,467,696
89$6,535,717$1,508,211$869,223$3,719,110
90$7,146,218$1,525,972$842,200$3,994,414
91$7,817,223$1,542,834$812,504$4,296,047
92$8,554,845$1,558,699$779,988$4,626,699
93$9,365,824$1,573,459$744,502$4,989,336
94$10,257,581$1,587,002$705,886$5,387,233
95$11,238,295$1,599,206$663,975$5,823,997
96$12,316,978$1,609,944$618,594$6,303,610
97$13,503,555$1,619,077$569,563$6,830,460
98$14,808,967$1,626,460$516,692$7,409,391
99$16,245,264$1,631,939$459,783$8,045,741
100$17,825,725$1,635,349$398,630$8,745,397