Can I retire at age 67 with 992,000?

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 $992,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$81,918$81,189$80,477$79,782$79,103$77,285
2 years$40,554$39,798$39,066$38,357$37,668$35,847
3 years$26,767$26,009$25,279$24,576$23,898$22,130
4 years$19,875$19,119$18,396$17,705$17,044$15,343
5 years$15,741$14,990$14,276$13,599$12,957$11,327
6 years$12,986$12,240$11,537$10,876$10,252$8,696
7 years$11,019$10,279$9,588$8,941$8,338$6,855
8 years$9,544$8,811$8,131$7,501$6,917$5,508
9 years$8,398$7,672$7,003$6,389$5,825$4,488
10 years$7,481$6,762$6,106$5,507$4,963$3,696
11 years$6,732$6,020$5,375$4,793$4,269$3,071
12 years$6,108$5,403$4,770$4,204$3,699$2,568
13 years$5,580$4,883$4,262$3,712$3,226$2,159
14 years$5,128$4,439$3,829$3,295$2,828$1,824
15 years$4,737$4,055$3,458$2,938$2,490$1,546
16 years$4,395$3,720$3,135$2,631$2,200$1,315
17 years$4,093$3,426$2,852$2,364$1,951$1,121
18 years$3,826$3,166$2,604$2,130$1,735$958
19 years$3,587$2,934$2,384$1,925$1,546$820
20 years$3,371$2,726$2,188$1,743$1,381$703
21 years$3,177$2,540$2,012$1,582$1,236$603
22 years$3,001$2,371$1,855$1,439$1,108$518
23 years$2,840$2,217$1,712$1,310$994$446
24 years$2,693$2,077$1,584$1,195$894$384
25 years$2,558$1,950$1,467$1,091$804$330
26 years$2,433$1,832$1,360$998$725$285
27 years$2,318$1,724$1,263$913$653$246
28 years$2,211$1,625$1,174$837$589$212
29 years$2,112$1,533$1,093$767$532$183
30 years$2,019$1,448$1,018$704$481$158
31 years$1,933$1,368$949$647$435$136
32 years$1,852$1,295$885$594$393$118
33 years$1,777$1,226$827$547$356$102
34 years$1,705$1,162$772$503$322$88
35 years$1,639$1,102$722$463$292$76
36 years$1,576$1,046$676$426$264$66
37 years$1,516$994$632$393$240$57
38 years$1,460$944$592$362$217$49
39 years$1,407$898$555$334$197$42
40 years$1,356$854$520$308$179$37
41 years$1,308$813$488$284$162$32
42 years$1,263$775$457$262$147$27
43 years$1,220$738$429$242$134$24
44 years$1,179$703$403$224$121$21
45 years$1,139$671$378$206$110$18
46 years$1,102$640$355$191$100$15
47 years$1,066$611$334$176$91$13
48 years$1,032$583$314$163$82$11
49 years$1,000$557$295$150$75$10
50 years$969$532$277$139$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $992,000, adding $2,468 every year, while hoping to spend $25,564 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: 57/31/12 Blend
66$992,000$992,000$992,000$992,000
67$1,095,730$1,043,154$1,027,778$1,154,763
68$1,180,294$1,067,068$1,035,008$1,218,856
69$1,272,628$1,091,298$1,041,624$1,285,620
70$1,373,495$1,115,831$1,047,578$1,357,764
71$1,483,740$1,140,655$1,052,820$1,435,805
72$1,604,289$1,165,754$1,057,297$1,520,317
73$1,736,164$1,191,114$1,060,954$1,611,928
74$1,880,489$1,216,716$1,063,733$1,711,333
75$2,038,504$1,242,540$1,065,573$1,819,294
76$2,211,572$1,268,565$1,066,411$1,936,654
77$2,401,195$1,294,767$1,066,178$2,064,341
78$2,609,027$1,321,120$1,064,805$2,203,375
79$2,836,889$1,347,596$1,062,217$2,354,884
80$3,086,788$1,374,165$1,058,337$2,520,107
81$3,360,933$1,400,792$1,053,085$2,700,412
82$3,661,759$1,427,442$1,046,374$2,897,306
83$3,991,947$1,454,075$1,038,116$3,112,449
84$4,354,450$1,480,648$1,028,217$3,347,671
85$4,752,520$1,507,117$1,016,579$3,604,988
86$5,189,742$1,533,431$1,003,099$3,886,622
87$5,670,063$1,559,536$987,671$4,195,023
88$6,197,833$1,585,377$970,181$4,532,889
89$6,777,842$1,610,890$950,512$4,903,197
90$7,415,368$1,636,010$928,540$5,309,224
91$8,116,227$1,660,666$904,138$5,754,584
92$8,886,826$1,684,782$877,170$6,243,260
93$9,734,221$1,708,276$847,494$6,779,642
94$10,666,191$1,731,060$814,964$7,368,569
95$11,691,302$1,753,042$779,425$8,015,371
96$12,818,995$1,774,122$740,717$8,725,928
97$14,059,672$1,794,192$698,669$9,506,716
98$15,424,791$1,813,140$653,107$10,364,876
99$16,926,979$1,830,844$603,846$11,308,277
100$18,580,150$1,847,175$550,694$12,345,591