Can I retire at age 67 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$80,927$80,207$79,503$78,817$78,147$75,950
2 years$40,063$39,317$38,594$37,893$37,213$35,016
3 years$26,443$25,694$24,973$24,278$23,609$21,482
4 years$19,635$18,888$18,174$17,491$16,838$14,796
5 years$15,551$14,808$14,104$13,435$12,800$10,849
6 years$12,829$12,092$11,398$10,744$10,128$8,270
7 years$10,886$10,155$9,472$8,833$8,237$6,472
8 years$9,429$8,705$8,033$7,410$6,833$5,160
9 years$8,296$7,579$6,919$6,312$5,755$4,172
10 years$7,391$6,680$6,032$5,441$4,903$3,408
11 years$6,650$5,947$5,310$4,735$4,217$2,808
12 years$6,034$5,338$4,713$4,153$3,654$2,328
13 years$5,513$4,824$4,211$3,667$3,187$1,941
14 years$5,066$4,385$3,783$3,255$2,793$1,625
15 years$4,680$4,006$3,416$2,903$2,460$1,365
16 years$4,342$3,675$3,097$2,599$2,174$1,150
17 years$4,044$3,385$2,818$2,335$1,927$971
18 years$3,779$3,128$2,572$2,105$1,714$822
19 years$3,543$2,899$2,355$1,902$1,528$696
20 years$3,331$2,693$2,161$1,722$1,364$591
21 years$3,139$2,509$1,988$1,563$1,221$502
22 years$2,964$2,342$1,832$1,421$1,094$427
23 years$2,806$2,190$1,692$1,294$982$364
24 years$2,660$2,052$1,565$1,181$883$310
25 years$2,527$1,926$1,449$1,078$795$264
26 years$2,403$1,810$1,344$986$716$225
27 years$2,290$1,703$1,248$902$645$192
28 years$2,184$1,605$1,160$827$582$164
29 years$2,086$1,514$1,080$758$526$140
30 years$1,995$1,430$1,006$696$475$120
31 years$1,910$1,352$938$639$430$102
32 years$1,830$1,279$875$587$389$87
33 years$1,755$1,211$817$540$352$75
34 years$1,685$1,148$763$497$318$64
35 years$1,619$1,089$713$457$288$55
36 years$1,556$1,034$667$421$261$47
37 years$1,498$982$625$388$237$40
38 years$1,442$933$585$358$215$34
39 years$1,390$887$548$330$195$29
40 years$1,340$844$514$304$177$25
41 years$1,293$803$482$281$160$21
42 years$1,248$765$452$259$145$18
43 years$1,205$729$424$239$132$16
44 years$1,164$695$398$221$120$13
45 years$1,126$663$374$204$109$11
46 years$1,089$632$351$188$99$10
47 years$1,054$603$330$174$90$8
48 years$1,020$576$310$161$81$7
49 years$988$550$291$149$74$6
50 years$957$525$274$137$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $980,000, adding $4,026 every year, while hoping to spend $38,320 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: 66/19/15 Blend
66$980,000$980,000$980,000$980,000
67$1,084,113$1,032,173$1,016,983$1,151,538
68$1,153,920$1,041,977$1,010,280$1,206,893
69$1,229,563$1,050,977$1,002,067$1,262,536
70$1,311,598$1,059,094$992,255$1,322,406
71$1,400,633$1,066,242$980,748$1,386,915
72$1,497,340$1,072,330$967,446$1,456,519
73$1,602,457$1,077,263$952,244$1,531,718
74$1,716,797$1,080,938$935,033$1,613,066
75$1,841,252$1,083,246$915,699$1,701,174
76$1,976,806$1,084,071$894,121$1,796,715
77$2,124,541$1,083,291$870,174$1,900,432
78$2,285,646$1,080,775$843,727$2,013,144
79$2,461,433$1,076,384$814,643$2,135,756
80$2,653,344$1,069,971$782,778$2,269,266
81$2,862,966$1,061,381$747,982$2,414,775
82$3,092,048$1,050,447$710,099$2,573,495
83$3,342,513$1,036,996$668,964$2,746,768
84$3,616,481$1,020,840$624,405$2,936,069
85$3,916,283$1,001,783$576,245$3,143,029
86$4,244,490$979,616$524,295$3,369,447
87$4,603,929$954,119$468,360$3,617,304
88$4,997,716$925,057$408,236$3,888,790
89$5,429,282$892,182$343,710$4,186,315
90$5,902,403$855,234$274,559$4,512,543
91$6,421,242$813,934$200,550$4,870,407
92$6,990,381$767,989$121,441$5,263,147
93$7,614,869$717,090$36,979$5,694,331
94$8,300,266$660,908$0$6,167,900
95$9,052,697$599,096$0$6,696,702
96$9,878,909$531,289$0$7,283,890
97$10,786,333$457,098$0$7,928,867
98$11,783,158$376,114$0$8,637,505
99$12,878,403$287,907$0$9,416,279
100$14,082,003$192,017$0$10,272,323