Can I retire at age 67 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$81,423$80,698$79,990$79,299$78,625$77,772
2 years$40,308$39,558$38,830$38,125$37,440$36,581
3 years$26,605$25,851$25,126$24,427$23,754$22,915
4 years$19,755$19,004$18,285$17,598$16,941$16,130
5 years$15,646$14,899$14,190$13,517$12,879$12,097
6 years$12,908$12,166$11,468$10,810$10,190$9,439
7 years$10,952$10,217$9,530$8,887$8,288$7,567
8 years$9,487$8,758$8,082$7,455$6,875$6,186
9 years$8,347$7,625$6,961$6,350$5,790$5,131
10 years$7,436$6,721$6,069$5,474$4,933$4,305
11 years$6,691$5,984$5,343$4,764$4,243$3,644
12 years$6,071$5,371$4,742$4,179$3,677$3,107
13 years$5,546$4,853$4,236$3,689$3,206$2,665
14 years$5,097$4,412$3,806$3,275$2,811$2,297
15 years$4,708$4,030$3,437$2,921$2,475$1,988
16 years$4,368$3,698$3,116$2,615$2,187$1,726
17 years$4,069$3,405$2,835$2,350$1,939$1,503
18 years$3,803$3,147$2,588$2,117$1,724$1,312
19 years$3,565$2,916$2,369$1,913$1,537$1,148
20 years$3,351$2,710$2,174$1,733$1,373$1,007
21 years$3,158$2,524$2,000$1,573$1,228$884
22 years$2,983$2,356$1,843$1,430$1,101$777
23 years$2,823$2,204$1,702$1,302$988$684
24 years$2,676$2,065$1,574$1,188$888$603
25 years$2,542$1,938$1,458$1,085$799$532
26 years$2,418$1,821$1,352$992$720$469
27 years$2,304$1,714$1,256$908$649$415
28 years$2,198$1,615$1,167$832$586$366
29 years$2,099$1,524$1,086$763$529$324
30 years$2,007$1,439$1,012$700$478$287
31 years$1,921$1,360$943$643$432$254
32 years$1,841$1,287$880$591$391$225
33 years$1,766$1,219$822$543$354$199
34 years$1,695$1,155$768$500$320$176
35 years$1,629$1,096$718$460$290$156
36 years$1,566$1,040$672$424$263$139
37 years$1,507$988$629$391$238$123
38 years$1,451$939$589$360$216$109
39 years$1,398$893$551$332$196$97
40 years$1,348$849$517$306$178$86
41 years$1,300$808$485$282$161$76
42 years$1,255$770$455$261$146$68
43 years$1,212$734$427$241$133$60
44 years$1,172$699$400$222$120$53
45 years$1,133$667$376$205$109$47
46 years$1,095$636$353$190$99$42
47 years$1,060$607$332$175$90$37
48 years$1,026$579$312$162$82$33
49 years$994$553$293$150$74$29
50 years$963$529$276$138$68$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $986,000, adding $5,247 every year, while hoping to spend $48,703 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: 53/42/5 Blend
66$986,000$986,000$986,000$986,000
67$1,091,984$1,039,726$1,024,443$1,148,392
68$1,151,547$1,038,853$1,006,943$1,186,259
69$1,215,553$1,036,305$987,223$1,221,625
70$1,284,404$1,031,948$965,159$1,258,907
71$1,358,540$1,025,641$940,620$1,298,293
72$1,438,448$1,017,234$913,467$1,339,993
73$1,524,657$1,006,567$883,556$1,384,240
74$1,617,755$993,470$850,737$1,431,294
75$1,718,381$977,766$814,853$1,481,443
76$1,827,244$959,265$775,738$1,535,007
77$1,945,119$937,764$733,221$1,592,343
78$2,072,859$913,053$687,122$1,653,846
79$2,211,402$884,904$637,253$1,719,955
80$2,361,781$853,081$583,417$1,791,158
81$2,525,131$817,330$525,409$1,867,996
82$2,702,699$777,384$463,015$1,951,069
83$2,895,860$732,960$396,011$2,041,044
84$3,106,123$683,761$324,163$2,138,660
85$3,335,152$629,470$247,227$2,244,737
86$3,584,777$569,754$164,949$2,360,182
87$3,857,011$504,258$77,061$2,486,003
88$4,154,070$432,611$0$2,623,315
89$4,478,394$354,417$0$2,774,249
90$4,832,668$269,262$0$2,943,725
91$5,219,849$176,704$0$3,129,163
92$5,643,190$76,280$0$3,332,257
93$6,106,277$0$0$3,554,885
94$6,613,054$0$0$3,814,145
95$7,167,867$0$0$4,136,668
96$7,775,499$0$0$4,489,993
97$8,441,220$0$0$4,877,196
98$9,170,831$0$0$5,301,664
99$9,970,724$0$0$5,767,128
100$10,847,938$0$0$6,277,698