Can I retire at age 67 with 984,000?

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 $984,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$81,258$80,534$79,828$79,139$78,466$77,071
2 years$40,227$39,477$38,751$38,047$37,365$35,964
3 years$26,551$25,799$25,075$24,377$23,706$22,343
4 years$19,715$18,965$18,248$17,562$16,907$15,593
5 years$15,614$14,869$14,161$13,490$12,852$11,590
6 years$12,881$12,141$11,444$10,788$10,170$8,961
7 years$10,930$10,196$9,510$8,869$8,271$7,116
8 years$9,467$8,740$8,065$7,440$6,861$5,761
9 years$8,330$7,610$6,947$6,337$5,778$4,731
10 years$7,421$6,708$6,056$5,463$4,923$3,928
11 years$6,678$5,972$5,332$4,754$4,234$3,290
12 years$6,059$5,360$4,732$4,170$3,669$2,775
13 years$5,535$4,844$4,228$3,682$3,200$2,353
14 years$5,087$4,403$3,799$3,268$2,805$2,005
15 years$4,699$4,022$3,430$2,915$2,470$1,715
16 years$4,359$3,690$3,109$2,610$2,183$1,472
17 years$4,060$3,398$2,829$2,345$1,935$1,267
18 years$3,795$3,140$2,583$2,113$1,721$1,093
19 years$3,558$2,910$2,365$1,909$1,534$944
20 years$3,344$2,704$2,170$1,729$1,370$817
21 years$3,152$2,519$1,996$1,569$1,226$708
22 years$2,977$2,351$1,840$1,427$1,099$615
23 years$2,817$2,199$1,699$1,300$986$534
24 years$2,671$2,061$1,571$1,185$887$465
25 years$2,537$1,934$1,455$1,083$798$404
26 years$2,413$1,817$1,349$990$719$352
27 years$2,299$1,710$1,253$906$648$307
28 years$2,193$1,612$1,165$830$585$268
29 years$2,095$1,520$1,084$761$528$233
30 years$2,003$1,436$1,010$699$477$204
31 years$1,917$1,357$941$642$431$178
32 years$1,837$1,284$878$590$390$155
33 years$1,762$1,216$820$542$353$136
34 years$1,692$1,153$766$499$320$118
35 years$1,625$1,093$716$459$290$103
36 years$1,563$1,038$670$423$262$90
37 years$1,504$986$627$390$238$79
38 years$1,448$937$587$359$216$69
39 years$1,395$891$550$331$195$60
40 years$1,345$847$516$305$177$53
41 years$1,298$807$484$282$161$46
42 years$1,253$768$454$260$146$40
43 years$1,210$732$426$240$132$35
44 years$1,169$698$400$222$120$31
45 years$1,130$665$375$205$109$27
46 years$1,093$635$352$189$99$24
47 years$1,058$606$331$175$90$21
48 years$1,024$578$311$161$82$18
49 years$992$552$292$149$74$16
50 years$961$528$275$138$67$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $984,000, adding $3,817 every year, while hoping to spend $27,962 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: 55/35/10 Blend
66$984,000$984,000$984,000$984,000
67$1,088,305$1,036,153$1,020,901$1,145,254
68$1,169,561$1,057,173$1,025,350$1,205,261
69$1,258,168$1,078,286$1,029,011$1,267,167
70$1,354,846$1,099,467$1,031,827$1,333,905
71$1,460,388$1,120,689$1,033,741$1,405,940
72$1,575,666$1,141,922$1,034,691$1,483,783
73$1,701,642$1,163,134$1,034,611$1,567,998
74$1,839,374$1,184,291$1,033,434$1,659,207
75$1,990,025$1,205,356$1,031,089$1,758,095
76$2,154,878$1,226,289$1,027,501$1,865,417
77$2,335,345$1,247,047$1,022,592$1,982,003
78$2,532,980$1,267,583$1,016,280$2,108,773
79$2,749,497$1,287,847$1,008,477$2,246,735
80$2,986,780$1,307,786$999,096$2,397,004
81$3,246,906$1,327,342$988,040$2,560,808
82$3,532,163$1,346,454$975,212$2,739,501
83$3,845,069$1,365,056$960,507$2,934,574
84$4,188,399$1,383,077$943,817$3,147,672
85$4,565,210$1,400,442$925,029$3,380,609
86$4,978,867$1,417,069$904,023$3,635,382
87$5,433,080$1,432,874$880,676$3,914,196
88$5,931,933$1,447,763$854,858$4,219,478
89$6,479,926$1,461,640$826,432$4,553,907
90$7,082,018$1,474,399$795,256$4,920,435
91$7,743,668$1,485,929$761,181$5,322,315
92$8,470,894$1,496,112$724,053$5,763,135
93$9,270,325$1,504,821$683,708$6,246,848
94$10,149,262$1,511,921$639,977$6,777,815
95$11,115,752$1,517,271$592,681$7,360,842
96$12,178,659$1,520,717$541,636$8,001,226
97$13,347,749$1,522,099$486,648$8,704,806
98$14,633,783$1,521,245$427,514$9,478,023
99$16,048,615$1,517,973$364,022$10,327,972
100$17,605,310$1,512,089$295,953$11,262,477