Can I retire at age 67 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$81,836$81,107$80,396$79,702$79,024$76,281
2 years$40,513$39,758$39,027$38,318$37,630$34,895
3 years$26,740$25,982$25,253$24,551$23,874$21,233
4 years$19,855$19,100$18,378$17,687$17,027$14,500
5 years$15,725$14,975$14,262$13,586$12,944$10,537
6 years$12,973$12,228$11,526$10,865$10,242$7,958
7 years$11,008$10,269$9,578$8,932$8,330$6,167
8 years$9,535$8,802$8,123$7,493$6,910$4,868
9 years$8,389$7,664$6,996$6,382$5,819$3,895
10 years$7,474$6,755$6,099$5,502$4,958$3,149
11 years$6,725$6,014$5,370$4,788$4,264$2,566
12 years$6,102$5,398$4,766$4,200$3,695$2,104
13 years$5,575$4,878$4,258$3,708$3,222$1,733
14 years$5,123$4,434$3,826$3,291$2,825$1,434
15 years$4,732$4,051$3,454$2,935$2,487$1,190
16 years$4,391$3,716$3,132$2,628$2,198$991
17 years$4,089$3,423$2,850$2,362$1,949$826
18 years$3,822$3,163$2,601$2,128$1,733$690
19 years$3,583$2,931$2,381$1,923$1,545$578
20 years$3,368$2,724$2,186$1,742$1,380$484
21 years$3,174$2,537$2,010$1,581$1,235$406
22 years$2,998$2,368$1,853$1,437$1,107$341
23 years$2,837$2,215$1,711$1,309$993$286
24 years$2,690$2,075$1,582$1,194$893$241
25 years$2,555$1,948$1,465$1,090$804$202
26 years$2,430$1,830$1,359$997$724$170
27 years$2,315$1,723$1,262$912$653$143
28 years$2,209$1,623$1,173$836$589$121
29 years$2,110$1,531$1,092$767$532$102
30 years$2,017$1,446$1,017$704$480$86
31 years$1,931$1,367$948$646$434$72
32 years$1,850$1,294$885$594$393$61
33 years$1,775$1,225$826$546$356$51
34 years$1,704$1,161$772$502$322$43
35 years$1,637$1,101$721$463$292$36
36 years$1,574$1,045$675$426$264$31
37 years$1,515$993$632$392$239$26
38 years$1,458$943$592$362$217$22
39 years$1,405$897$554$334$197$18
40 years$1,355$854$519$308$179$15
41 years$1,307$812$487$284$162$13
42 years$1,262$774$457$262$147$11
43 years$1,219$737$429$242$133$9
44 years$1,177$703$402$223$121$8
45 years$1,138$670$378$206$110$7
46 years$1,101$639$355$190$100$6
47 years$1,065$610$333$176$91$5
48 years$1,031$582$313$163$82$4
49 years$999$556$295$150$75$3
50 years$968$531$277$139$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $991,000, adding $4,514 every year, while hoping to spend $23,156 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: 72/7/21 Blend
66$991,000$991,000$991,000$991,000
67$1,096,738$1,044,215$1,028,855$1,169,779
68$1,183,968$1,070,744$1,038,684$1,245,530
69$1,279,318$1,097,796$1,048,066$1,325,273
70$1,383,595$1,125,374$1,056,961$1,412,033
71$1,497,681$1,153,477$1,065,329$1,506,502
72$1,622,553$1,182,106$1,073,126$1,609,446
73$1,759,282$1,211,258$1,080,305$1,721,706
74$1,909,052$1,240,933$1,086,818$1,844,208
75$2,073,164$1,271,127$1,092,615$1,977,974
76$2,253,051$1,301,837$1,097,642$2,124,131
77$2,450,291$1,333,056$1,101,842$2,283,917
78$2,666,625$1,364,779$1,105,158$2,458,699
79$2,903,966$1,396,999$1,107,526$2,649,984
80$3,164,424$1,429,705$1,108,881$2,859,429
81$3,450,322$1,462,888$1,109,156$3,088,863
82$3,764,221$1,496,536$1,108,279$3,340,301
83$4,108,940$1,530,634$1,106,174$3,615,962
84$4,487,584$1,565,167$1,102,763$3,918,292
85$4,903,575$1,600,118$1,097,963$4,249,988
86$5,360,682$1,635,466$1,091,688$4,614,019
87$5,863,058$1,671,190$1,083,846$5,013,659
88$6,415,277$1,707,266$1,074,342$5,452,516
89$7,022,379$1,743,666$1,063,076$5,934,564
90$7,689,918$1,780,361$1,049,945$6,464,185
91$8,424,009$1,817,319$1,034,838$7,046,207
92$9,231,395$1,854,504$1,017,641$7,685,949
93$10,119,499$1,891,877$998,235$8,389,277
94$11,096,506$1,929,397$976,493$9,162,650
95$12,171,429$1,967,016$952,285$10,013,191
96$13,354,200$2,004,686$925,473$10,948,747
97$14,655,766$2,042,352$895,913$11,977,967
98$16,088,183$2,079,957$863,455$13,110,380
99$17,664,738$2,117,436$827,942$14,356,492
100$19,400,073$2,154,721$789,209$15,727,878