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%11.5%
1 years$81,423$80,698$79,990$79,299$78,625$78,130
2 years$40,308$39,558$38,830$38,125$37,440$36,941
3 years$26,605$25,851$25,126$24,427$23,754$23,265
4 years$19,755$19,004$18,285$17,598$16,941$16,468
5 years$15,646$14,899$14,190$13,517$12,879$12,421
6 years$12,908$12,166$11,468$10,810$10,190$9,750
7 years$10,952$10,217$9,530$8,887$8,288$7,864
8 years$9,487$8,758$8,082$7,455$6,875$6,469
9 years$8,347$7,625$6,961$6,350$5,790$5,401
10 years$7,436$6,721$6,069$5,474$4,933$4,561
11 years$6,691$5,984$5,343$4,764$4,243$3,887
12 years$6,071$5,371$4,742$4,179$3,677$3,337
13 years$5,546$4,853$4,236$3,689$3,206$2,883
14 years$5,097$4,412$3,806$3,275$2,811$2,502
15 years$4,708$4,030$3,437$2,921$2,475$2,182
16 years$4,368$3,698$3,116$2,615$2,187$1,909
17 years$4,069$3,405$2,835$2,350$1,939$1,675
18 years$3,803$3,147$2,588$2,117$1,724$1,474
19 years$3,565$2,916$2,369$1,913$1,537$1,300
20 years$3,351$2,710$2,174$1,733$1,373$1,149
21 years$3,158$2,524$2,000$1,573$1,228$1,017
22 years$2,983$2,356$1,843$1,430$1,101$902
23 years$2,823$2,204$1,702$1,302$988$800
24 years$2,676$2,065$1,574$1,188$888$711
25 years$2,542$1,938$1,458$1,085$799$633
26 years$2,418$1,821$1,352$992$720$563
27 years$2,304$1,714$1,256$908$649$502
28 years$2,198$1,615$1,167$832$586$448
29 years$2,099$1,524$1,086$763$529$399
30 years$2,007$1,439$1,012$700$478$357
31 years$1,921$1,360$943$643$432$319
32 years$1,841$1,287$880$591$391$285
33 years$1,766$1,219$822$543$354$254
34 years$1,695$1,155$768$500$320$228
35 years$1,629$1,096$718$460$290$204
36 years$1,566$1,040$672$424$263$182
37 years$1,507$988$629$391$238$163
38 years$1,451$939$589$360$216$146
39 years$1,398$893$551$332$196$131
40 years$1,348$849$517$306$178$117
41 years$1,300$808$485$282$161$105
42 years$1,255$770$455$261$146$94
43 years$1,212$734$427$241$133$84
44 years$1,172$699$400$222$120$75
45 years$1,133$667$376$205$109$68
46 years$1,095$636$353$190$99$61
47 years$1,060$607$332$175$90$54
48 years$1,026$579$312$162$82$49
49 years$994$553$293$150$74$44
50 years$963$529$276$138$68$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $986,000, adding $5,656 every year, while hoping to spend $58,138 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: 60/17/23 Blend
66$986,000$986,000$986,000$986,000
67$1,092,406$1,040,148$1,024,865$1,150,954
68$1,141,973$1,029,257$997,340$1,180,470
69$1,194,648$1,015,884$966,944$1,205,839
70$1,250,685$999,845$933,520$1,232,241
71$1,310,365$980,948$896,902$1,259,787
72$1,373,993$958,985$856,920$1,288,603
73$1,441,906$933,741$813,392$1,318,829
74$1,514,470$904,985$766,131$1,350,622
75$1,592,089$872,472$714,939$1,384,158
76$1,675,205$835,945$659,612$1,419,635
77$1,764,300$795,131$599,934$1,457,274
78$1,859,908$749,741$535,680$1,497,321
79$1,962,610$699,471$466,618$1,540,052
80$2,073,048$643,996$392,500$1,585,774
81$2,191,922$582,975$313,073$1,634,830
82$2,320,006$516,049$228,069$1,687,604
83$2,458,147$442,835$137,209$1,744,520
84$2,607,275$362,931$40,202$1,806,055
85$2,768,413$275,911$0$1,872,737
86$2,942,687$181,326$0$1,960,693
87$3,131,331$78,701$0$2,066,577
88$3,335,704$0$0$2,181,320
89$3,557,300$0$0$2,311,889
90$3,797,761$0$0$2,469,616
91$4,058,895$0$0$2,640,972
92$4,342,687$0$0$2,827,268
93$4,651,325$0$0$3,029,950
94$4,987,212$0$0$3,250,605
95$5,352,996$0$0$3,490,983
96$5,751,589$0$0$3,753,007
97$6,186,194$0$0$4,038,794
98$6,660,339$0$0$4,350,676
99$7,177,906$0$0$4,691,218
100$7,743,168$0$0$5,063,243