Can I retire at age 67 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$75,890$75,214$74,555$73,911$73,282$72,397
2 years$37,569$36,870$36,192$35,534$34,896$34,005
3 years$24,797$24,095$23,418$22,767$22,140$21,270
4 years$18,413$17,712$17,043$16,402$15,790$14,950
5 years$14,583$13,887$13,226$12,599$12,003$11,194
6 years$12,031$11,339$10,688$10,075$9,498$8,721
7 years$10,208$9,523$8,882$8,283$7,724$6,980
8 years$8,842$8,163$7,533$6,949$6,408$5,696
9 years$7,780$7,107$6,488$5,919$5,397$4,716
10 years$6,931$6,265$5,656$5,102$4,598$3,949
11 years$6,236$5,577$4,980$4,440$3,955$3,337
12 years$5,658$5,006$4,419$3,895$3,427$2,840
13 years$5,170$4,524$3,948$3,438$2,988$2,431
14 years$4,751$4,112$3,548$3,052$2,620$2,091
15 years$4,388$3,756$3,203$2,722$2,306$1,806
16 years$4,072$3,446$2,904$2,437$2,038$1,565
17 years$3,792$3,174$2,643$2,190$1,807$1,360
18 years$3,544$2,933$2,412$1,974$1,607$1,185
19 years$3,323$2,718$2,208$1,783$1,432$1,035
20 years$3,123$2,526$2,027$1,615$1,279$905
21 years$2,943$2,353$1,864$1,466$1,145$793
22 years$2,780$2,196$1,718$1,333$1,026$695
23 years$2,631$2,054$1,586$1,214$921$611
24 years$2,495$1,924$1,467$1,107$828$537
25 years$2,369$1,806$1,359$1,011$745$472
26 years$2,254$1,697$1,260$924$671$416
27 years$2,147$1,597$1,170$846$605$367
28 years$2,048$1,505$1,088$775$546$323
29 years$1,956$1,420$1,012$711$493$285
30 years$1,871$1,341$943$652$446$252
31 years$1,791$1,268$879$599$403$222
32 years$1,716$1,200$820$551$364$196
33 years$1,646$1,136$766$506$330$174
34 years$1,580$1,077$716$466$299$153
35 years$1,518$1,021$669$429$270$136
36 years$1,460$969$626$395$245$120
37 years$1,404$921$586$364$222$106
38 years$1,352$875$549$335$201$94
39 years$1,303$832$514$309$183$83
40 years$1,256$792$482$285$166$73
41 years$1,212$753$452$263$150$65
42 years$1,170$718$424$243$136$58
43 years$1,130$684$398$224$124$51
44 years$1,092$652$373$207$112$45
45 years$1,056$621$350$191$102$40
46 years$1,021$593$329$177$93$35
47 years$988$566$309$163$84$31
48 years$956$540$291$151$76$28
49 years$926$516$273$139$69$25
50 years$897$493$257$129$63$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $919,000, adding $3,120 every year, while hoping to spend $37,266 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: 52/18/30 Blend
66$919,000$919,000$919,000$919,000
67$1,015,956$967,249$953,005$1,060,067
68$1,079,933$974,994$945,280$1,098,878
69$1,149,187$981,869$936,047$1,137,089
70$1,224,215$987,792$925,216$1,177,936
71$1,305,568$992,677$912,694$1,221,690
72$1,393,849$996,430$898,382$1,268,648
73$1,489,719$998,954$882,176$1,319,139
74$1,593,911$1,000,142$863,968$1,373,529
75$1,707,225$999,885$843,646$1,432,221
76$1,830,545$998,062$821,092$1,495,664
77$1,964,844$994,550$796,181$1,564,350
78$2,111,189$989,215$768,785$1,638,829
79$2,270,759$981,915$738,768$1,719,706
80$2,444,848$972,500$705,988$1,807,652
81$2,634,882$960,812$670,298$1,903,406
82$2,842,430$946,682$631,543$2,007,790
83$3,069,220$929,932$589,562$2,121,710
84$3,317,154$910,372$544,186$2,246,166
85$3,588,325$887,802$495,238$2,382,268
86$3,885,040$862,010$442,534$2,531,239
87$4,209,837$832,771$385,882$2,694,432
88$4,565,512$799,848$325,081$2,873,342
89$4,955,143$762,990$259,920$3,069,620
90$5,382,121$721,930$190,180$3,285,092
91$5,850,180$676,387$115,634$3,521,774
92$6,363,432$626,063$36,041$3,781,891
93$6,926,406$570,644$0$4,067,903
94$7,544,092$509,798$0$4,398,178
95$8,221,984$443,173$0$4,773,391
96$8,966,135$370,397$0$5,185,390
97$9,783,214$291,079$0$5,637,924
98$10,680,564$204,805$0$6,135,120
99$11,666,277$111,136$0$6,681,532
100$12,749,266$9,610$0$7,282,180