Can I retire at age 67 with 982,000?

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 $982,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$81,093$80,370$79,666$78,978$78,306$75,498
2 years$40,145$39,397$38,673$37,970$37,289$34,490
3 years$26,497$25,747$25,024$24,328$23,657$20,956
4 years$19,675$18,926$18,211$17,527$16,873$14,289
5 years$15,583$14,839$14,132$13,462$12,826$10,367
6 years$12,855$12,117$11,421$10,766$10,149$7,817
7 years$10,908$10,176$9,491$8,851$8,254$6,048
8 years$9,448$8,722$8,049$7,425$6,847$4,765
9 years$8,313$7,594$6,933$6,325$5,767$3,806
10 years$7,406$6,694$6,044$5,452$4,913$3,071
11 years$6,664$5,959$5,321$4,745$4,226$2,497
12 years$6,046$5,349$4,722$4,162$3,662$2,043
13 years$5,524$4,834$4,219$3,674$3,193$1,680
14 years$5,077$4,394$3,791$3,262$2,799$1,387
15 years$4,689$4,014$3,423$2,909$2,465$1,149
16 years$4,351$3,683$3,103$2,604$2,178$954
17 years$4,052$3,392$2,824$2,340$1,931$794
18 years$3,787$3,134$2,578$2,109$1,717$662
19 years$3,550$2,904$2,360$1,906$1,531$553
20 years$3,338$2,699$2,166$1,726$1,367$462
21 years$3,145$2,514$1,992$1,566$1,223$387
22 years$2,971$2,347$1,836$1,424$1,097$324
23 years$2,811$2,195$1,695$1,297$984$271
24 years$2,666$2,056$1,568$1,183$885$227
25 years$2,532$1,930$1,452$1,080$796$191
26 years$2,408$1,814$1,347$988$717$160
27 years$2,294$1,707$1,251$904$647$134
28 years$2,189$1,608$1,163$828$583$113
29 years$2,090$1,517$1,082$760$527$95
30 years$1,999$1,433$1,008$697$476$80
31 years$1,913$1,355$939$640$430$67
32 years$1,834$1,282$877$588$389$56
33 years$1,759$1,214$818$541$352$47
34 years$1,688$1,150$765$498$319$40
35 years$1,622$1,091$715$458$289$33
36 years$1,560$1,036$669$422$262$28
37 years$1,501$984$626$389$237$24
38 years$1,445$935$586$358$215$20
39 years$1,392$889$549$331$195$17
40 years$1,343$846$515$305$177$14
41 years$1,295$805$483$281$161$12
42 years$1,250$767$453$260$146$10
43 years$1,207$731$425$240$132$8
44 years$1,167$696$399$221$120$7
45 years$1,128$664$374$204$109$6
46 years$1,091$633$352$189$99$5
47 years$1,056$605$330$174$90$4
48 years$1,022$577$311$161$82$4
49 years$990$551$292$149$74$3
50 years$959$526$274$138$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $982,000, adding $6,220 every year, while hoping to spend $28,101 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: 54/33/13 Blend
66$982,000$982,000$982,000$982,000
67$1,088,580$1,036,534$1,021,313$1,143,343
68$1,169,716$1,057,425$1,025,628$1,202,182
69$1,258,186$1,078,398$1,029,145$1,262,633
70$1,354,708$1,099,427$1,031,809$1,327,782
71$1,460,074$1,120,484$1,033,560$1,398,083
72$1,575,153$1,141,539$1,034,336$1,474,036
73$1,700,904$1,162,560$1,034,071$1,556,190
74$1,838,382$1,183,511$1,032,699$1,645,151
75$1,988,748$1,204,354$1,030,145$1,741,589
76$2,153,281$1,225,049$1,026,336$1,846,240
77$2,333,390$1,245,550$1,021,192$1,959,916
78$2,530,625$1,265,811$1,014,631$2,083,513
79$2,746,693$1,285,780$1,006,566$2,218,017
80$2,983,475$1,305,403$996,906$2,364,517
81$3,243,043$1,324,621$985,555$2,524,212
82$3,527,678$1,343,372$972,415$2,698,424
83$3,839,891$1,361,587$957,381$2,888,611
84$4,182,450$1,379,195$940,344$3,096,381
85$4,558,403$1,396,119$921,188$3,323,505
86$4,971,107$1,412,276$899,796$3,571,937
87$5,424,262$1,427,579$876,041$3,843,830
88$5,921,941$1,441,934$849,792$4,141,560
89$6,468,631$1,455,242$820,912$4,467,743
90$7,069,278$1,467,395$789,259$4,825,267
91$7,729,327$1,478,280$754,682$5,217,312
92$8,454,779$1,487,776$717,024$5,647,388
93$9,252,244$1,495,755$676,123$6,119,360
94$10,129,006$1,502,081$631,806$6,637,494
95$11,093,089$1,506,606$583,895$7,206,489
96$12,153,331$1,509,177$532,203$7,831,528
97$13,319,474$1,509,630$476,536$8,518,323
98$14,602,249$1,507,790$416,688$9,273,174
99$16,013,478$1,503,472$352,447$10,103,023
100$17,566,190$1,496,479$283,590$11,015,525