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%11.9%
1 years$81,423$80,698$79,990$79,299$78,625$77,999
2 years$40,308$39,558$38,830$38,125$37,440$36,809
3 years$26,605$25,851$25,126$24,427$23,754$23,137
4 years$19,755$19,004$18,285$17,598$16,941$16,344
5 years$15,646$14,899$14,190$13,517$12,879$12,302
6 years$12,908$12,166$11,468$10,810$10,190$9,636
7 years$10,952$10,217$9,530$8,887$8,288$7,755
8 years$9,487$8,758$8,082$7,455$6,875$6,365
9 years$8,347$7,625$6,961$6,350$5,790$5,301
10 years$7,436$6,721$6,069$5,474$4,933$4,466
11 years$6,691$5,984$5,343$4,764$4,243$3,797
12 years$6,071$5,371$4,742$4,179$3,677$3,252
13 years$5,546$4,853$4,236$3,689$3,206$2,802
14 years$5,097$4,412$3,806$3,275$2,811$2,426
15 years$4,708$4,030$3,437$2,921$2,475$2,109
16 years$4,368$3,698$3,116$2,615$2,187$1,840
17 years$4,069$3,405$2,835$2,350$1,939$1,611
18 years$3,803$3,147$2,588$2,117$1,724$1,413
19 years$3,565$2,916$2,369$1,913$1,537$1,243
20 years$3,351$2,710$2,174$1,733$1,373$1,095
21 years$3,158$2,524$2,000$1,573$1,228$967
22 years$2,983$2,356$1,843$1,430$1,101$854
23 years$2,823$2,204$1,702$1,302$988$756
24 years$2,676$2,065$1,574$1,188$888$670
25 years$2,542$1,938$1,458$1,085$799$594
26 years$2,418$1,821$1,352$992$720$527
27 years$2,304$1,714$1,256$908$649$468
28 years$2,198$1,615$1,167$832$586$416
29 years$2,099$1,524$1,086$763$529$370
30 years$2,007$1,439$1,012$700$478$330
31 years$1,921$1,360$943$643$432$293
32 years$1,841$1,287$880$591$391$261
33 years$1,766$1,219$822$543$354$233
34 years$1,695$1,155$768$500$320$207
35 years$1,629$1,096$718$460$290$185
36 years$1,566$1,040$672$424$263$165
37 years$1,507$988$629$391$238$147
38 years$1,451$939$589$360$216$131
39 years$1,398$893$551$332$196$117
40 years$1,348$849$517$306$178$105
41 years$1,300$808$485$282$161$93
42 years$1,255$770$455$261$146$83
43 years$1,212$734$427$241$133$74
44 years$1,172$699$400$222$120$66
45 years$1,133$667$376$205$109$59
46 years$1,095$636$353$190$99$53
47 years$1,060$607$332$175$90$47
48 years$1,026$579$312$162$82$42
49 years$994$553$293$150$74$38
50 years$963$529$276$138$68$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $986,000, adding $5,445 every year, while hoping to spend $57,809 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: 56/20/24 Blend
66$986,000$986,000$986,000$986,000
67$1,092,189$1,039,931$1,024,648$1,145,921
68$1,142,083$1,029,379$997,465$1,172,788
69$1,195,130$1,016,373$967,434$1,195,492
70$1,251,589$1,000,730$934,399$1,219,008
71$1,311,745$982,260$898,195$1,243,431
72$1,375,911$960,759$858,652$1,268,869
73$1,444,428$936,010$815,592$1,295,444
74$1,517,671$907,786$768,826$1,323,292
75$1,596,052$875,846$718,159$1,352,569
76$1,680,020$839,933$663,388$1,383,448
77$1,770,069$799,777$604,299$1,416,124
78$1,866,743$755,093$540,670$1,450,818
79$1,970,635$705,576$472,266$1,487,774
80$2,082,398$650,909$398,846$1,527,270
81$2,202,751$590,751$320,155$1,569,613
82$2,332,480$524,746$235,929$1,615,149
83$2,472,450$452,516$145,890$1,664,264
84$2,623,612$373,661$49,749$1,717,390
85$2,787,010$287,760$0$1,775,008
86$2,963,792$194,367$0$1,851,189
87$3,155,220$93,012$0$1,947,472
88$3,362,680$0$0$2,051,857
89$3,587,699$0$0$2,168,871
90$3,831,954$0$0$2,318,183
91$4,097,289$0$0$2,480,459
92$4,385,735$0$0$2,656,950
93$4,699,524$0$0$2,849,034
94$5,041,112$0$0$3,058,224
95$5,413,202$0$0$3,286,187
96$5,818,769$0$0$3,534,757
97$6,261,087$0$0$3,805,952
98$6,743,759$0$0$4,101,995
99$7,270,751$0$0$4,425,331
100$7,846,428$0$0$4,778,653