Can I retire at age 67 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$75,808$75,132$74,474$73,830$73,203$72,711
2 years$37,529$36,830$36,152$35,495$34,858$34,362
3 years$24,770$24,069$23,393$22,742$22,116$21,631
4 years$18,393$17,693$17,024$16,385$15,773$15,303
5 years$14,567$13,871$13,211$12,585$11,990$11,537
6 years$12,017$11,327$10,677$10,064$9,488$9,051
7 years$10,197$9,512$8,872$8,274$7,716$7,296
8 years$8,832$8,154$7,525$6,941$6,401$5,998
9 years$7,771$7,099$6,481$5,912$5,391$5,005
10 years$6,923$6,258$5,650$5,096$4,593$4,224
11 years$6,230$5,571$4,974$4,435$3,950$3,598
12 years$5,652$5,000$4,415$3,890$3,423$3,087
13 years$5,164$4,519$3,944$3,435$2,985$2,665
14 years$4,746$4,107$3,544$3,049$2,617$2,312
15 years$4,384$3,752$3,200$2,719$2,304$2,014
16 years$4,067$3,443$2,901$2,435$2,036$1,761
17 years$3,788$3,170$2,640$2,188$1,805$1,545
18 years$3,540$2,930$2,410$1,971$1,605$1,358
19 years$3,319$2,715$2,206$1,781$1,431$1,197
20 years$3,120$2,523$2,025$1,613$1,278$1,057
21 years$2,940$2,350$1,862$1,464$1,144$935
22 years$2,777$2,194$1,716$1,331$1,025$828
23 years$2,628$2,052$1,585$1,212$920$735
24 years$2,492$1,922$1,466$1,106$827$652
25 years$2,367$1,804$1,357$1,010$744$580
26 years$2,251$1,696$1,259$923$670$516
27 years$2,145$1,596$1,169$845$604$459
28 years$2,046$1,504$1,087$774$545$409
29 years$1,954$1,418$1,011$710$493$365
30 years$1,869$1,340$942$652$445$326
31 years$1,789$1,266$878$599$402$291
32 years$1,714$1,198$819$550$364$259
33 years$1,644$1,135$765$506$329$232
34 years$1,578$1,076$715$465$298$207
35 years$1,516$1,020$668$428$270$185
36 years$1,458$968$625$395$245$165
37 years$1,403$920$585$364$222$148
38 years$1,351$874$548$335$201$132
39 years$1,302$831$513$309$182$118
40 years$1,255$791$481$285$165$106
41 years$1,211$753$451$263$150$95
42 years$1,169$717$423$243$136$85
43 years$1,129$683$397$224$124$76
44 years$1,091$651$373$207$112$68
45 years$1,054$621$350$191$102$61
46 years$1,020$592$329$176$92$54
47 years$987$565$309$163$84$49
48 years$955$539$290$151$76$44
49 years$925$515$273$139$69$39
50 years$896$492$257$129$63$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $918,000, adding $6,529 every year, while hoping to spend $36,431 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: 60/11/29 Blend
66$918,000$918,000$918,000$918,000
67$1,018,371$969,717$955,488$1,071,102
68$1,083,482$978,470$948,734$1,116,612
69$1,154,014$986,432$940,533$1,161,801
70$1,230,481$993,525$930,799$1,210,358
71$1,313,448$999,665$919,438$1,262,619
72$1,403,537$1,004,767$906,358$1,318,956
73$1,501,434$1,008,736$891,456$1,379,783
74$1,607,890$1,011,474$874,630$1,445,553
75$1,723,734$1,012,876$855,769$1,516,770
76$1,849,877$1,012,829$834,760$1,593,990
77$1,987,322$1,011,214$811,481$1,677,824
78$2,137,172$1,007,907$785,809$1,768,952
79$2,300,641$1,002,773$757,612$1,868,122
80$2,479,067$995,669$726,752$1,976,159
81$2,673,921$986,446$693,087$2,093,978
82$2,886,823$974,944$656,468$2,222,585
83$3,119,556$960,993$616,736$2,363,094
84$3,374,083$944,414$573,729$2,516,733
85$3,652,566$925,017$527,276$2,684,858
86$3,957,387$902,601$477,199$2,868,968
87$4,291,164$876,953$423,309$3,070,714
88$4,656,787$847,847$365,413$3,291,920
89$5,057,432$815,045$303,308$3,534,601
90$5,496,601$778,293$236,780$3,800,978
91$5,978,150$737,325$165,607$4,093,504
92$6,506,325$691,857$89,559$4,414,884
93$7,085,803$641,592$8,392$4,768,104
94$7,721,737$586,212$0$5,156,459
95$8,419,801$525,383$0$5,607,790
96$9,186,247$458,754$0$6,106,245
97$10,027,961$385,949$0$6,653,735
98$10,952,528$306,576$0$7,255,230
99$11,968,306$220,217$0$7,916,205
100$13,084,498$126,434$0$8,642,697