Can I retire at age 67 with 978,000?

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 $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%12.2%
1 years$80,762$80,043$79,341$78,656$77,987$77,269
2 years$39,981$39,237$38,515$37,815$37,137$36,413
3 years$26,389$25,642$24,922$24,229$23,561$22,855
4 years$19,595$18,849$18,137$17,455$16,804$16,120
5 years$15,519$14,778$14,075$13,407$12,774$12,115
6 years$12,803$12,067$11,375$10,722$10,108$9,474
7 years$10,863$10,134$9,452$8,815$8,220$7,612
8 years$9,410$8,687$8,016$7,395$6,820$6,237
9 years$8,279$7,563$6,904$6,299$5,743$5,185
10 years$7,376$6,667$6,019$5,430$4,893$4,361
11 years$6,637$5,935$5,299$4,725$4,208$3,700
12 years$6,022$5,327$4,703$4,145$3,647$3,163
13 years$5,501$4,814$4,202$3,659$3,180$2,720
14 years$5,056$4,376$3,775$3,248$2,788$2,350
15 years$4,670$3,997$3,409$2,897$2,455$2,040
16 years$4,333$3,668$3,091$2,594$2,169$1,776
17 years$4,036$3,378$2,812$2,331$1,923$1,551
18 years$3,772$3,121$2,567$2,100$1,710$1,358
19 years$3,536$2,893$2,350$1,898$1,524$1,192
20 years$3,324$2,688$2,157$1,719$1,362$1,048
21 years$3,132$2,504$1,984$1,560$1,219$923
22 years$2,958$2,337$1,828$1,418$1,092$814
23 years$2,800$2,186$1,688$1,292$980$719
24 years$2,655$2,048$1,561$1,178$881$635
25 years$2,521$1,922$1,446$1,076$793$562
26 years$2,399$1,806$1,341$984$714$498
27 years$2,285$1,700$1,245$900$644$441
28 years$2,180$1,602$1,158$825$581$391
29 years$2,082$1,511$1,077$757$525$347
30 years$1,991$1,427$1,004$694$474$308
31 years$1,906$1,349$936$638$429$274
32 years$1,826$1,277$873$586$388$243
33 years$1,751$1,209$815$539$351$216
34 years$1,681$1,146$762$496$318$192
35 years$1,615$1,087$712$456$288$171
36 years$1,553$1,032$666$420$261$152
37 years$1,495$980$623$387$236$135
38 years$1,439$931$584$357$214$120
39 years$1,387$885$547$329$194$107
40 years$1,337$842$513$304$176$95
41 years$1,290$802$481$280$160$85
42 years$1,245$764$451$259$145$76
43 years$1,203$728$423$239$132$67
44 years$1,162$694$397$220$119$60
45 years$1,123$661$373$204$108$53
46 years$1,087$631$350$188$98$48
47 years$1,051$602$329$174$89$42
48 years$1,018$575$309$160$81$38
49 years$986$549$291$148$74$34
50 years$955$524$273$137$67$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $978,000, adding $4,171 every year, while hoping to spend $22,731 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: 55/28/17 Blend
66$978,000$978,000$978,000$978,000
67$1,082,058$1,030,224$1,015,065$1,136,450
68$1,168,243$1,056,520$1,024,884$1,200,286
69$1,262,456$1,083,342$1,034,271$1,266,974
70$1,365,493$1,110,692$1,043,185$1,339,084
71$1,478,230$1,138,572$1,051,588$1,417,140
72$1,601,629$1,166,982$1,059,436$1,501,719
73$1,736,753$1,195,922$1,066,685$1,593,456
74$1,884,769$1,225,390$1,073,287$1,693,051
75$2,046,966$1,255,384$1,079,192$1,801,275
76$2,224,760$1,285,902$1,084,349$1,918,978
77$2,419,713$1,316,938$1,088,702$2,047,093
78$2,633,544$1,348,488$1,092,193$2,186,652
79$2,868,147$1,380,545$1,094,763$2,338,791
80$3,125,607$1,413,102$1,096,347$2,504,759
81$3,408,223$1,446,148$1,096,879$2,685,936
82$3,718,526$1,479,673$1,096,289$2,883,840
83$4,059,304$1,513,665$1,094,502$3,100,145
84$4,433,628$1,548,110$1,091,443$3,336,694
85$4,844,882$1,582,991$1,087,030$3,595,519
86$5,296,792$1,618,290$1,081,178$3,878,859
87$5,793,466$1,653,988$1,073,799$4,189,183
88$6,339,428$1,690,061$1,064,800$4,529,208
89$6,939,661$1,726,486$1,054,082$4,901,932
90$7,599,657$1,763,234$1,041,544$5,310,656
91$8,325,465$1,800,275$1,027,078$5,759,021
92$9,123,750$1,837,577$1,010,574$6,251,036
93$10,001,857$1,875,103$991,912$6,791,121
94$10,967,877$1,912,813$970,972$7,384,147
95$12,030,724$1,950,665$947,623$8,035,483
96$13,200,222$1,988,611$921,732$8,751,046
97$14,487,193$2,026,601$893,159$9,537,354
98$15,903,562$2,064,580$861,755$10,401,594
99$17,462,469$2,102,488$827,367$11,351,687
100$19,178,392$2,140,261$789,835$12,396,359