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%14.4%
1 years$80,762$80,043$79,341$78,656$77,987$76,569
2 years$39,981$39,237$38,515$37,815$37,137$35,713
3 years$26,389$25,642$24,922$24,229$23,561$22,176
4 years$19,595$18,849$18,137$17,455$16,804$15,469
5 years$15,519$14,778$14,075$13,407$12,774$11,492
6 years$12,803$12,067$11,375$10,722$10,108$8,881
7 years$10,863$10,134$9,452$8,815$8,220$7,048
8 years$9,410$8,687$8,016$7,395$6,820$5,702
9 years$8,279$7,563$6,904$6,299$5,743$4,680
10 years$7,376$6,667$6,019$5,430$4,893$3,883
11 years$6,637$5,935$5,299$4,725$4,208$3,250
12 years$6,022$5,327$4,703$4,145$3,647$2,740
13 years$5,501$4,814$4,202$3,659$3,180$2,322
14 years$5,056$4,376$3,775$3,248$2,788$1,977
15 years$4,670$3,997$3,409$2,897$2,455$1,690
16 years$4,333$3,668$3,091$2,594$2,169$1,450
17 years$4,036$3,378$2,812$2,331$1,923$1,246
18 years$3,772$3,121$2,567$2,100$1,710$1,074
19 years$3,536$2,893$2,350$1,898$1,524$928
20 years$3,324$2,688$2,157$1,719$1,362$802
21 years$3,132$2,504$1,984$1,560$1,219$695
22 years$2,958$2,337$1,828$1,418$1,092$603
23 years$2,800$2,186$1,688$1,292$980$523
24 years$2,655$2,048$1,561$1,178$881$455
25 years$2,521$1,922$1,446$1,076$793$395
26 years$2,399$1,806$1,341$984$714$344
27 years$2,285$1,700$1,245$900$644$300
28 years$2,180$1,602$1,158$825$581$261
29 years$2,082$1,511$1,077$757$525$227
30 years$1,991$1,427$1,004$694$474$198
31 years$1,906$1,349$936$638$429$173
32 years$1,826$1,277$873$586$388$151
33 years$1,751$1,209$815$539$351$132
34 years$1,681$1,146$762$496$318$115
35 years$1,615$1,087$712$456$288$100
36 years$1,553$1,032$666$420$261$88
37 years$1,495$980$623$387$236$76
38 years$1,439$931$584$357$214$67
39 years$1,387$885$547$329$194$58
40 years$1,337$842$513$304$176$51
41 years$1,290$802$481$280$160$45
42 years$1,245$764$451$259$145$39
43 years$1,203$728$423$239$132$34
44 years$1,162$694$397$220$119$30
45 years$1,123$661$373$204$108$26
46 years$1,087$631$350$188$98$23
47 years$1,051$602$329$174$89$20
48 years$1,018$575$309$160$81$17
49 years$986$549$291$148$74$15
50 years$955$524$273$137$67$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $978,000, adding $4,522 every year, while hoping to spend $27,575 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: 59/20/21 Blend
66$978,000$978,000$978,000$978,000
67$1,082,420$1,030,586$1,015,427$1,140,009
68$1,163,488$1,051,746$1,020,105$1,200,791
69$1,251,900$1,073,017$1,024,014$1,263,657
70$1,348,376$1,094,378$1,027,102$1,331,609
71$1,453,710$1,115,802$1,029,309$1,405,145
72$1,568,774$1,137,262$1,030,576$1,484,812
73$1,694,528$1,158,727$1,030,840$1,571,216
74$1,832,030$1,180,164$1,030,033$1,665,022
75$1,982,443$1,201,539$1,028,085$1,766,966
76$2,147,051$1,222,812$1,024,924$1,877,856
77$2,327,264$1,243,944$1,020,473$1,998,585
78$2,524,637$1,264,889$1,014,651$2,130,138
79$2,740,881$1,285,600$1,007,374$2,273,599
80$2,977,883$1,306,027$998,553$2,430,164
81$3,237,718$1,326,113$988,095$2,601,151
82$3,522,673$1,345,800$975,904$2,788,014
83$3,835,267$1,365,026$961,878$2,992,355
84$4,178,274$1,383,721$945,910$3,215,942
85$4,554,749$1,401,815$927,890$3,460,720
86$4,968,059$1,419,230$907,700$3,728,839
87$5,421,912$1,435,883$885,218$4,022,663
88$5,920,391$1,451,685$860,317$4,344,804
89$6,467,997$1,466,544$832,864$4,698,138
90$7,069,686$1,480,358$802,718$5,085,836
91$7,730,919$1,493,020$769,734$5,511,395
92$8,457,711$1,504,417$733,759$5,978,670
93$9,256,691$1,514,427$694,633$6,491,909
94$10,135,160$1,522,920$652,190$7,055,796
95$11,101,163$1,529,760$606,255$7,675,497
96$12,163,564$1,534,800$556,646$8,356,703
97$13,332,126$1,537,884$503,173$9,105,690
98$14,617,610$1,538,848$445,636$9,929,376
99$16,031,870$1,537,515$383,829$10,835,386
100$17,587,968$1,533,700$317,534$11,832,127