Can I retire at age 67 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$82,496$81,762$81,045$80,345$79,662$79,193
2 years$40,840$40,079$39,342$38,627$37,934$37,461
3 years$26,956$26,192$25,457$24,749$24,067$23,604
4 years$20,016$19,254$18,526$17,830$17,165$16,716
5 years$15,852$15,095$14,377$13,695$13,048$12,615
6 years$13,078$12,327$11,619$10,952$10,325$9,908
7 years$11,097$10,352$9,655$9,004$8,397$7,996
8 years$9,612$8,873$8,188$7,554$6,966$6,581
9 years$8,457$7,726$7,053$6,434$5,866$5,497
10 years$7,534$6,810$6,149$5,546$4,998$4,645
11 years$6,779$6,063$5,413$4,827$4,299$3,961
12 years$6,151$5,441$4,804$4,234$3,725$3,403
13 years$5,620$4,917$4,292$3,738$3,248$2,941
14 years$5,164$4,470$3,857$3,318$2,848$2,555
15 years$4,770$4,083$3,482$2,959$2,507$2,229
16 years$4,426$3,746$3,157$2,650$2,216$1,952
17 years$4,122$3,450$2,873$2,381$1,965$1,714
18 years$3,853$3,188$2,622$2,145$1,747$1,509
19 years$3,612$2,955$2,401$1,939$1,557$1,332
20 years$3,395$2,746$2,203$1,756$1,391$1,178
21 years$3,200$2,558$2,026$1,593$1,245$1,044
22 years$3,022$2,387$1,868$1,449$1,116$926
23 years$2,860$2,233$1,725$1,319$1,001$822
24 years$2,712$2,092$1,595$1,203$900$731
25 years$2,576$1,963$1,477$1,099$810$651
26 years$2,450$1,845$1,370$1,005$730$580
27 years$2,334$1,736$1,272$920$658$517
28 years$2,227$1,636$1,183$843$594$462
29 years$2,127$1,544$1,101$773$536$412
30 years$2,034$1,458$1,025$709$484$368
31 years$1,947$1,378$956$651$438$329
32 years$1,865$1,304$892$599$396$295
33 years$1,789$1,235$833$550$358$264
34 years$1,717$1,170$778$507$325$236
35 years$1,650$1,110$727$466$294$211
36 years$1,587$1,054$680$429$266$189
37 years$1,527$1,001$637$396$241$169
38 years$1,470$951$596$365$219$152
39 years$1,417$904$559$336$198$136
40 years$1,366$860$524$310$180$122
41 years$1,318$819$491$286$163$109
42 years$1,272$780$461$264$148$98
43 years$1,228$743$432$244$134$88
44 years$1,187$708$406$225$122$79
45 years$1,147$676$381$208$111$71
46 years$1,110$644$358$192$101$63
47 years$1,074$615$336$177$91$57
48 years$1,040$587$316$164$83$51
49 years$1,007$561$297$151$75$46
50 years$975$536$279$140$68$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $999,000, adding $6,450 every year, while hoping to spend $45,443 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: 74/10/16 Blend
66$999,000$999,000$999,000$999,000
67$1,107,551$1,054,604$1,039,120$1,185,072
68$1,172,170$1,057,929$1,025,579$1,240,594
69$1,241,858$1,059,893$1,010,062$1,295,193
70$1,317,082$1,060,383$992,454$1,353,811
71$1,398,359$1,059,276$972,636$1,416,837
72$1,486,254$1,056,443$950,482$1,484,696
73$1,581,391$1,051,748$925,861$1,557,862
74$1,684,453$1,045,043$898,638$1,636,855
75$1,796,192$1,036,176$868,668$1,722,248
76$1,917,437$1,024,982$835,801$1,814,674
77$2,049,097$1,011,287$799,882$1,914,831
78$2,192,173$994,908$760,746$2,023,489
79$2,347,765$975,649$718,222$2,141,497
80$2,517,086$953,305$672,131$2,269,793
81$2,701,468$927,656$622,286$2,409,409
82$2,902,377$898,470$568,492$2,561,485
83$3,121,427$865,504$510,545$2,727,278
84$3,360,396$828,496$448,231$2,908,174
85$3,621,238$787,174$381,328$3,105,702
86$3,906,105$741,247$309,604$3,321,548
87$4,217,367$690,407$232,815$3,557,574
88$4,557,632$634,331$150,708$3,815,829
89$4,929,773$572,674$63,018$4,098,576
90$5,336,950$505,076$0$4,408,312
91$5,782,646$431,152$0$4,753,003
92$6,270,695$350,497$0$5,142,289
93$6,805,318$262,684$0$5,568,797
94$7,391,166$167,262$0$6,036,272
95$8,033,360$63,752$0$6,548,838
96$8,737,538$0$0$7,111,042
97$9,509,913$0$0$7,733,213
98$10,357,327$0$0$8,423,571
99$11,287,314$0$0$9,181,245
100$12,308,177$0$0$10,013,003