Can I retire at age 67 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$82,166$81,434$80,720$80,023$79,343$76,864
2 years$40,676$39,919$39,185$38,473$37,782$35,308
3 years$26,848$26,087$25,355$24,650$23,971$21,577
4 years$19,935$19,177$18,452$17,759$17,096$14,802
5 years$15,789$15,035$14,319$13,640$12,996$10,808
6 years$13,025$12,277$11,572$10,908$10,283$8,203
7 years$11,052$10,310$9,617$8,968$8,363$6,390
8 years$9,573$8,838$8,156$7,523$6,938$5,071
9 years$8,423$7,695$7,024$6,408$5,843$4,079
10 years$7,504$6,783$6,124$5,524$4,978$3,316
11 years$6,752$6,038$5,392$4,808$4,282$2,718
12 years$6,126$5,420$4,785$4,217$3,710$2,242
13 years$5,597$4,898$4,275$3,723$3,235$1,859
14 years$5,144$4,452$3,841$3,305$2,836$1,547
15 years$4,751$4,067$3,468$2,947$2,497$1,293
16 years$4,408$3,731$3,144$2,639$2,207$1,083
17 years$4,106$3,436$2,861$2,371$1,957$909
18 years$3,837$3,175$2,612$2,137$1,740$765
19 years$3,597$2,943$2,391$1,931$1,551$644
20 years$3,382$2,735$2,194$1,749$1,385$543
21 years$3,187$2,547$2,018$1,587$1,240$459
22 years$3,010$2,378$1,860$1,443$1,111$388
23 years$2,849$2,224$1,718$1,314$997$328
24 years$2,701$2,084$1,588$1,199$897$278
25 years$2,565$1,955$1,471$1,095$807$235
26 years$2,440$1,838$1,365$1,001$727$199
27 years$2,325$1,730$1,267$916$655$169
28 years$2,218$1,630$1,178$839$591$143
29 years$2,118$1,537$1,096$770$534$122
30 years$2,025$1,452$1,021$706$482$103
31 years$1,939$1,373$952$649$436$88
32 years$1,858$1,299$888$596$394$74
33 years$1,782$1,230$829$548$357$63
34 years$1,711$1,166$775$504$323$54
35 years$1,644$1,106$724$464$293$45
36 years$1,580$1,049$678$428$265$39
37 years$1,521$997$634$394$240$33
38 years$1,464$947$594$363$218$28
39 years$1,411$901$556$335$198$24
40 years$1,360$857$522$309$179$20
41 years$1,312$816$489$285$163$17
42 years$1,267$777$459$263$148$15
43 years$1,223$740$430$243$134$12
44 years$1,182$706$404$224$122$10
45 years$1,143$673$379$207$110$9
46 years$1,105$642$356$191$100$8
47 years$1,070$613$335$177$91$6
48 years$1,035$585$315$163$83$5
49 years$1,003$558$296$151$75$5
50 years$971$533$278$139$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $995,000, adding $4,735 every year, while hoping to spend $44,613 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: 63/15/22 Blend
66$995,000$995,000$995,000$995,000
67$1,101,374$1,048,639$1,033,217$1,164,180
68$1,166,246$1,052,555$1,020,362$1,211,046
69$1,236,240$1,055,167$1,005,581$1,256,809
70$1,311,832$1,056,364$988,762$1,305,775
71$1,393,542$1,056,030$969,789$1,358,262
72$1,481,946$1,054,038$948,540$1,414,622
73$1,577,674$1,050,256$924,886$1,475,243
74$1,681,421$1,044,542$898,693$1,540,553
75$1,793,948$1,036,747$869,822$1,611,028
76$1,916,096$1,026,713$838,126$1,687,192
77$2,048,786$1,014,270$803,452$1,769,623
78$2,193,035$999,242$765,640$1,858,963
79$2,349,957$981,437$724,522$1,955,918
80$2,520,783$960,658$679,923$2,061,272
81$2,706,863$936,691$631,661$2,175,887
82$2,909,686$909,311$579,544$2,300,717
83$3,130,888$878,282$523,373$2,436,817
84$3,372,273$843,351$462,940$2,585,352
85$3,635,822$804,253$398,026$2,747,606
86$3,923,720$760,706$328,404$2,925,000
87$4,238,371$712,412$253,837$3,119,103
88$4,582,421$659,056$174,077$3,331,645
89$4,958,783$600,305$88,864$3,564,538
90$5,370,667$535,807$0$3,819,894
91$5,821,604$465,191$0$4,100,530
92$6,315,485$388,064$0$4,430,823
93$6,856,595$304,009$0$4,792,801
94$7,449,652$212,589$0$5,189,670
95$8,099,851$113,341$0$5,624,963
96$8,812,916$5,775$0$6,102,578
97$9,595,150$0$0$6,626,808
98$10,453,497$0$0$7,220,646
99$11,395,604$0$0$7,873,554
100$12,429,895$0$0$8,590,426