Can I retire at age 67 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$75,147$74,478$73,825$73,187$72,565$71,717
2 years$37,201$36,509$35,837$35,186$34,555$33,702
3 years$24,555$23,859$23,189$22,544$21,923$21,091
4 years$18,232$17,539$16,876$16,242$15,636$14,831
5 years$14,440$13,751$13,096$12,475$11,886$11,111
6 years$11,913$11,228$10,584$9,977$9,405$8,661
7 years$10,108$9,430$8,795$8,202$7,649$6,935
8 years$8,755$8,083$7,459$6,881$6,345$5,663
9 years$7,704$7,038$6,424$5,861$5,344$4,692
10 years$6,863$6,203$5,601$5,052$4,553$3,931
11 years$6,175$5,522$4,931$4,397$3,916$3,324
12 years$5,603$4,957$4,376$3,857$3,393$2,830
13 years$5,119$4,479$3,910$3,405$2,959$2,424
14 years$4,704$4,072$3,513$3,022$2,594$2,087
15 years$4,345$3,719$3,172$2,695$2,284$1,803
16 years$4,032$3,413$2,876$2,413$2,019$1,564
17 years$3,755$3,143$2,617$2,168$1,790$1,360
18 years$3,510$2,904$2,389$1,954$1,591$1,186
19 years$3,290$2,692$2,187$1,766$1,418$1,036
20 years$3,093$2,501$2,007$1,599$1,267$907
21 years$2,915$2,330$1,846$1,451$1,134$795
22 years$2,753$2,175$1,701$1,320$1,016$698
23 years$2,605$2,034$1,571$1,202$912$614
24 years$2,470$1,906$1,453$1,096$820$540
25 years$2,346$1,788$1,346$1,001$738$475
26 years$2,232$1,681$1,248$915$665$419
27 years$2,126$1,582$1,159$838$599$370
28 years$2,028$1,491$1,077$768$541$326
29 years$1,937$1,406$1,003$704$488$288
30 years$1,852$1,328$934$646$441$254
31 years$1,773$1,255$871$593$399$225
32 years$1,699$1,188$812$545$361$199
33 years$1,630$1,125$758$501$326$176
34 years$1,564$1,066$709$461$296$155
35 years$1,503$1,011$662$425$268$138
36 years$1,445$960$620$391$243$122
37 years$1,391$912$580$360$220$108
38 years$1,339$866$543$332$199$95
39 years$1,290$824$509$306$181$84
40 years$1,244$784$477$283$164$75
41 years$1,200$746$447$261$149$66
42 years$1,159$711$420$241$135$59
43 years$1,119$677$394$222$122$52
44 years$1,081$645$370$205$111$46
45 years$1,045$615$347$189$101$41
46 years$1,011$587$326$175$92$36
47 years$978$560$306$162$83$32
48 years$947$535$288$149$76$28
49 years$917$511$270$138$69$25
50 years$888$488$254$128$62$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $910,000, adding $6,722 every year, while hoping to spend $57,655 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: 67/14/19 Blend
66$910,000$910,000$910,000$910,000
67$1,009,754$961,524$947,419$1,072,225
68$1,051,404$947,294$917,813$1,100,643
69$1,095,371$930,435$885,283$1,124,399
70$1,141,828$910,756$849,670$1,148,980
71$1,190,969$888,057$810,808$1,174,466
72$1,243,001$862,125$768,523$1,200,944
73$1,298,152$832,734$722,634$1,228,516
74$1,356,673$799,648$672,951$1,257,293
75$1,418,835$762,612$619,277$1,287,401
76$1,484,937$721,360$561,403$1,318,980
77$1,555,305$675,611$499,114$1,352,187
78$1,630,296$625,066$432,184$1,387,198
79$1,710,300$569,409$360,377$1,424,210
80$1,795,748$508,306$283,446$1,463,441
81$1,887,107$441,407$201,135$1,505,136
82$1,984,893$368,337$113,174$1,549,568
83$2,089,671$288,703$19,284$1,597,040
84$2,202,058$202,091$0$1,647,893
85$2,322,735$108,061$0$1,718,907
86$2,452,448$6,149$0$1,799,336
87$2,592,014$0$0$1,885,799
88$2,742,332$0$0$1,994,927
89$2,904,390$0$0$2,113,640
90$3,079,271$0$0$2,241,792
91$3,268,167$0$0$2,380,262
92$3,472,387$0$0$2,530,014
93$3,693,370$0$0$2,692,110
94$3,932,698$0$0$2,867,717
95$4,192,108$0$0$3,058,118
96$4,473,515$0$0$3,264,723
97$4,779,019$0$0$3,489,085
98$5,110,936$0$0$3,732,909
99$5,471,808$0$0$3,998,073
100$5,864,435$0$0$4,286,643