Can I retire at age 67 with 997,000?

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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$82,331$81,598$80,882$80,184$79,502$77,112
2 years$40,758$39,999$39,263$38,550$37,858$35,470
3 years$26,902$26,140$25,406$24,699$24,019$21,708
4 years$19,976$19,216$18,489$17,795$17,130$14,914
5 years$15,821$15,065$14,348$13,668$13,022$10,907
6 years$13,052$12,302$11,596$10,930$10,304$8,291
7 years$11,075$10,331$9,636$8,986$8,380$6,470
8 years$9,592$8,856$8,172$7,538$6,952$5,143
9 years$8,440$7,710$7,039$6,421$5,855$4,146
10 years$7,519$6,796$6,136$5,535$4,988$3,377
11 years$6,766$6,050$5,402$4,817$4,290$2,773
12 years$6,139$5,431$4,794$4,225$3,718$2,292
13 years$5,608$4,908$4,284$3,730$3,242$1,904
14 years$5,154$4,461$3,849$3,311$2,842$1,588
15 years$4,761$4,075$3,475$2,953$2,502$1,329
16 years$4,417$3,739$3,151$2,644$2,211$1,116
17 years$4,114$3,443$2,867$2,376$1,961$939
18 years$3,845$3,182$2,617$2,141$1,744$792
19 years$3,605$2,949$2,396$1,935$1,554$668
20 years$3,388$2,740$2,199$1,752$1,388$565
21 years$3,193$2,552$2,022$1,590$1,242$478
22 years$3,016$2,383$1,864$1,446$1,113$405
23 years$2,854$2,228$1,721$1,317$999$344
24 years$2,706$2,088$1,592$1,201$898$292
25 years$2,570$1,959$1,474$1,097$808$248
26 years$2,445$1,841$1,367$1,003$728$210
27 years$2,329$1,733$1,270$918$657$179
28 years$2,222$1,633$1,180$841$592$152
29 years$2,122$1,541$1,098$771$535$129
30 years$2,029$1,455$1,023$708$483$110
31 years$1,943$1,375$954$650$437$94
32 years$1,862$1,301$890$597$395$80
33 years$1,785$1,232$831$549$358$68
34 years$1,714$1,168$776$505$324$58
35 years$1,647$1,108$726$465$293$49
36 years$1,583$1,052$679$429$266$42
37 years$1,524$999$636$395$241$36
38 years$1,467$949$595$364$218$30
39 years$1,414$903$558$336$198$26
40 years$1,363$859$523$310$180$22
41 years$1,315$817$490$286$163$19
42 years$1,269$778$460$264$148$16
43 years$1,226$742$431$243$134$14
44 years$1,185$707$405$225$122$12
45 years$1,145$674$380$207$111$10
46 years$1,108$643$357$192$100$8
47 years$1,072$614$335$177$91$7
48 years$1,038$586$315$164$83$6
49 years$1,005$560$296$151$75$5
50 years$973$534$279$140$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $997,000, adding $6,747 every year, while hoping to spend $32,225 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: 71/11/18 Blend
66$997,000$997,000$997,000$997,000
67$1,105,654$1,052,813$1,037,359$1,178,966
68$1,184,143$1,070,113$1,037,823$1,245,918
69$1,269,558$1,087,182$1,037,223$1,314,698
70$1,362,572$1,103,972$1,035,489$1,389,182
71$1,463,924$1,120,436$1,032,547$1,469,930
72$1,574,429$1,136,522$1,028,322$1,557,561
73$1,694,982$1,152,173$1,022,732$1,652,753
74$1,826,570$1,167,330$1,015,694$1,756,255
75$1,970,280$1,181,928$1,007,119$1,868,895
76$2,127,306$1,195,900$996,915$1,991,582
77$2,298,964$1,209,173$984,985$2,125,319
78$2,486,704$1,221,668$971,228$2,271,213
79$2,692,121$1,233,302$955,536$2,430,481
80$2,916,970$1,243,987$937,800$2,604,469
81$3,163,188$1,253,629$917,903$2,794,657
82$3,432,903$1,262,127$895,723$3,002,678
83$3,728,462$1,269,374$871,133$3,230,331
84$4,052,448$1,275,257$843,999$3,479,599
85$4,407,707$1,279,653$814,182$3,752,670
86$4,797,372$1,282,436$781,536$4,051,953
87$5,224,896$1,283,467$745,909$4,380,106
88$5,694,080$1,282,601$707,142$4,740,057
89$6,209,113$1,279,685$665,068$5,135,033
90$6,774,607$1,274,555$619,512$5,568,594
91$7,395,645$1,267,036$570,294$6,044,662
92$8,077,825$1,256,945$517,223$6,567,561
93$8,827,314$1,244,086$460,100$7,142,056
94$9,650,905$1,228,251$398,719$7,773,401
95$10,556,084$1,209,221$332,862$8,467,387
96$11,551,095$1,186,764$262,304$9,230,396
97$12,645,024$1,160,633$186,809$10,069,463
98$13,847,879$1,130,566$106,129$10,992,345
99$15,170,686$1,096,288$20,008$12,007,589
100$16,625,595$1,057,505$0$13,124,618