Can I retire at age 67 with 995,000?

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 $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%15.2%
1 years$82,166$81,434$80,720$80,023$79,343$77,646
2 years$40,676$39,919$39,185$38,473$37,782$36,081
3 years$26,848$26,087$25,355$24,650$23,971$22,318
4 years$19,935$19,177$18,452$17,759$17,096$15,505
5 years$15,789$15,035$14,319$13,640$12,996$11,471
6 years$13,025$12,277$11,572$10,908$10,283$8,825
7 years$11,052$10,310$9,617$8,968$8,363$6,973
8 years$9,573$8,838$8,156$7,523$6,938$5,615
9 years$8,423$7,695$7,024$6,408$5,843$4,586
10 years$7,504$6,783$6,124$5,524$4,978$3,787
11 years$6,752$6,038$5,392$4,808$4,282$3,154
12 years$6,126$5,420$4,785$4,217$3,710$2,644
13 years$5,597$4,898$4,275$3,723$3,235$2,230
14 years$5,144$4,452$3,841$3,305$2,836$1,888
15 years$4,751$4,067$3,468$2,947$2,497$1,605
16 years$4,408$3,731$3,144$2,639$2,207$1,369
17 years$4,106$3,436$2,861$2,371$1,957$1,170
18 years$3,837$3,175$2,612$2,137$1,740$1,003
19 years$3,597$2,943$2,391$1,931$1,551$861
20 years$3,382$2,735$2,194$1,749$1,385$740
21 years$3,187$2,547$2,018$1,587$1,240$637
22 years$3,010$2,378$1,860$1,443$1,111$549
23 years$2,849$2,224$1,718$1,314$997$474
24 years$2,701$2,084$1,588$1,199$897$409
25 years$2,565$1,955$1,471$1,095$807$354
26 years$2,440$1,838$1,365$1,001$727$306
27 years$2,325$1,730$1,267$916$655$264
28 years$2,218$1,630$1,178$839$591$229
29 years$2,118$1,537$1,096$770$534$198
30 years$2,025$1,452$1,021$706$482$172
31 years$1,939$1,373$952$649$436$149
32 years$1,858$1,299$888$596$394$129
33 years$1,782$1,230$829$548$357$112
34 years$1,711$1,166$775$504$323$97
35 years$1,644$1,106$724$464$293$84
36 years$1,580$1,049$678$428$265$73
37 years$1,521$997$634$394$240$63
38 years$1,464$947$594$363$218$55
39 years$1,411$901$556$335$198$48
40 years$1,360$857$522$309$179$41
41 years$1,312$816$489$285$163$36
42 years$1,267$777$459$263$148$31
43 years$1,223$740$430$243$134$27
44 years$1,182$706$404$224$122$23
45 years$1,143$673$379$207$110$20
46 years$1,105$642$356$191$100$18
47 years$1,070$613$335$177$91$15
48 years$1,035$585$315$163$83$13
49 years$1,003$558$296$151$75$12
50 years$971$533$278$139$68$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $995,000, adding $4,757 every year, while hoping to spend $49,374 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: 50/29/21 Blend
66$995,000$995,000$995,000$995,000
67$1,101,397$1,048,662$1,033,239$1,149,778
68$1,161,206$1,047,513$1,015,319$1,182,643
69$1,225,460$1,044,652$995,144$1,212,918
70$1,294,562$1,039,945$972,586$1,244,789
71$1,368,951$1,033,246$947,512$1,278,425
72$1,449,112$1,024,403$919,781$1,314,016
73$1,535,576$1,013,254$889,248$1,351,774
74$1,628,927$999,625$855,760$1,391,936
75$1,729,806$983,336$819,157$1,434,765
76$1,838,919$964,192$779,272$1,480,555
77$1,957,041$941,989$735,929$1,529,632
78$2,085,024$916,511$688,947$1,582,361
79$2,223,804$887,528$638,135$1,639,147
80$2,374,412$854,797$583,293$1,700,440
81$2,537,982$818,061$524,212$1,766,743
82$2,715,759$777,049$460,676$1,838,611
83$2,909,114$731,473$392,457$1,916,664
84$3,119,557$681,028$319,317$2,001,588
85$3,348,747$625,394$241,010$2,094,148
86$3,598,511$564,229$157,275$2,195,191
87$3,870,858$497,176$67,843$2,305,655
88$4,168,002$423,854$0$2,426,584
89$4,492,378$343,863$0$2,565,318
90$4,846,666$256,777$0$2,733,579
91$5,233,817$162,151$0$2,917,639
92$5,657,081$59,511$0$3,119,144
93$6,120,035$0$0$3,339,913
94$6,626,616$0$0$3,598,435
95$7,181,162$0$0$3,902,326
96$7,788,449$0$0$4,235,225
97$8,453,736$0$0$4,600,027
98$9,182,814$0$0$4,999,922
99$9,982,062$0$0$5,438,424
100$10,858,506$0$0$5,919,401