Can I retire at age 67 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$75,973$75,296$74,636$73,991$73,362$71,071
2 years$37,610$36,910$36,231$35,573$34,934$32,646
3 years$24,824$24,121$23,444$22,792$22,164$19,951
4 years$18,433$17,731$17,061$16,420$15,807$13,686
5 years$14,599$13,902$13,240$12,612$12,017$9,993
6 years$12,044$11,352$10,700$10,086$9,508$7,584
7 years$10,219$9,533$8,892$8,292$7,733$5,908
8 years$8,852$8,172$7,541$6,956$6,415$4,688
9 years$7,788$7,115$6,495$5,925$5,402$3,772
10 years$6,938$6,271$5,662$5,108$4,603$3,066
11 years$6,243$5,583$4,985$4,445$3,959$2,513
12 years$5,664$5,011$4,424$3,899$3,431$2,073
13 years$5,175$4,529$3,953$3,442$2,992$1,719
14 years$4,756$4,116$3,552$3,056$2,622$1,431
15 years$4,393$3,760$3,207$2,725$2,309$1,195
16 years$4,076$3,450$2,907$2,440$2,041$1,001
17 years$3,796$3,177$2,645$2,192$1,809$841
18 years$3,548$2,936$2,415$1,976$1,609$707
19 years$3,326$2,721$2,211$1,785$1,434$596
20 years$3,127$2,529$2,029$1,617$1,281$503
21 years$2,947$2,355$1,866$1,467$1,146$424
22 years$2,783$2,199$1,720$1,334$1,027$359
23 years$2,634$2,056$1,588$1,215$922$303
24 years$2,497$1,927$1,469$1,108$829$257
25 years$2,372$1,808$1,360$1,012$746$218
26 years$2,256$1,699$1,262$925$672$184
27 years$2,150$1,599$1,172$847$606$156
28 years$2,050$1,507$1,089$776$547$133
29 years$1,958$1,422$1,014$712$494$112
30 years$1,873$1,343$944$653$446$95
31 years$1,793$1,269$880$600$403$81
32 years$1,718$1,201$821$551$365$69
33 years$1,648$1,137$767$507$330$58
34 years$1,582$1,078$716$466$299$50
35 years$1,520$1,022$670$429$271$42
36 years$1,461$970$627$395$245$36
37 years$1,406$922$586$364$222$30
38 years$1,354$876$549$336$202$26
39 years$1,305$833$515$310$183$22
40 years$1,258$792$482$286$166$19
41 years$1,213$754$452$264$150$16
42 years$1,171$718$424$243$136$13
43 years$1,131$684$398$224$124$11
44 years$1,093$652$374$207$112$10
45 years$1,057$622$351$191$102$8
46 years$1,022$593$330$177$93$7
47 years$989$566$310$163$84$6
48 years$957$541$291$151$76$5
49 years$927$516$273$140$69$4
50 years$898$493$257$129$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $920,000, adding $3,730 every year, while hoping to spend $34,656 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: 55/20/25 Blend
66$920,000$920,000$920,000$920,000
67$1,017,687$968,927$954,667$1,066,478
68$1,084,618$979,531$949,775$1,111,030
69$1,157,214$989,493$943,557$1,155,600
70$1,236,016$998,745$935,933$1,203,422
71$1,321,621$1,007,214$926,818$1,254,820
72$1,414,682$1,014,824$916,122$1,310,152
73$1,515,921$1,021,491$903,753$1,369,814
74$1,626,129$1,027,129$889,614$1,434,241
75$1,746,180$1,031,644$873,602$1,503,918
76$1,877,033$1,034,937$855,610$1,579,378
77$2,019,744$1,036,903$835,527$1,661,209
78$2,175,476$1,037,429$813,235$1,750,063
79$2,345,509$1,036,398$788,613$1,846,660
80$2,531,252$1,033,682$761,532$1,951,793
81$2,734,255$1,029,148$731,859$2,066,340
82$2,956,227$1,022,654$699,454$2,191,271
83$3,199,046$1,014,048$664,169$2,327,655
84$3,464,783$1,003,171$625,854$2,476,674
85$3,755,718$989,853$584,347$2,639,633
86$4,074,360$973,914$539,481$2,817,972
87$4,423,474$955,165$491,083$3,013,282
88$4,806,103$933,403$438,969$3,227,319
89$5,225,601$908,416$382,950$3,462,020
90$5,685,660$879,975$322,826$3,719,526
91$6,190,347$847,844$258,390$4,002,198
92$6,744,141$811,767$189,426$4,312,641
93$7,351,978$771,478$115,705$4,653,732
94$8,019,292$726,692$36,994$5,028,645
95$8,752,070$677,111$0$5,440,882
96$9,556,908$622,416$0$5,906,847
97$10,441,072$562,274$0$6,429,612
98$11,412,565$496,329$0$7,004,073
99$12,480,205$424,208$0$7,635,496
100$13,653,707$345,515$0$8,329,687