Can I retire at age 67 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$76,138$75,460$74,798$74,152$73,522$72,543
2 years$37,692$36,990$36,310$35,650$35,010$34,026
3 years$24,878$24,173$23,495$22,841$22,212$21,252
4 years$18,473$17,770$17,098$16,456$15,842$14,914
5 years$14,631$13,932$13,269$12,640$12,043$11,150
6 years$12,070$11,376$10,723$10,108$9,529$8,672
7 years$10,241$9,554$8,911$8,310$7,750$6,929
8 years$8,871$8,189$7,557$6,971$6,429$5,645
9 years$7,805$7,130$6,509$5,938$5,414$4,666
10 years$6,953$6,285$5,675$5,119$4,613$3,900
11 years$6,257$5,595$4,996$4,455$3,967$3,289
12 years$5,677$5,022$4,434$3,907$3,438$2,794
13 years$5,186$4,538$3,961$3,450$2,998$2,387
14 years$4,766$4,125$3,559$3,062$2,628$2,049
15 years$4,403$3,769$3,214$2,731$2,314$1,766
16 years$4,085$3,458$2,914$2,445$2,045$1,527
17 years$3,805$3,184$2,651$2,197$1,813$1,324
18 years$3,556$2,942$2,420$1,980$1,612$1,151
19 years$3,333$2,727$2,216$1,789$1,437$1,003
20 years$3,134$2,534$2,033$1,620$1,284$875
21 years$2,953$2,360$1,870$1,471$1,149$765
22 years$2,789$2,203$1,724$1,337$1,030$670
23 years$2,640$2,061$1,592$1,218$924$587
24 years$2,503$1,931$1,472$1,111$831$515
25 years$2,377$1,812$1,363$1,014$748$452
26 years$2,261$1,703$1,264$927$673$397
27 years$2,154$1,603$1,174$849$607$349
28 years$2,055$1,510$1,091$778$548$307
29 years$1,963$1,425$1,016$713$495$270
30 years$1,877$1,345$946$655$447$238
31 years$1,797$1,272$882$601$404$210
32 years$1,722$1,203$823$552$366$185
33 years$1,651$1,140$768$508$331$163
34 years$1,585$1,080$718$467$300$143
35 years$1,523$1,025$671$430$271$127
36 years$1,464$972$628$396$246$112
37 years$1,409$924$588$365$223$98
38 years$1,357$878$550$337$202$87
39 years$1,307$835$516$310$183$77
40 years$1,261$794$483$286$166$68
41 years$1,216$756$453$264$151$60
42 years$1,174$720$425$244$137$53
43 years$1,134$686$399$225$124$47
44 years$1,095$654$374$208$113$41
45 years$1,059$623$352$192$102$36
46 years$1,024$595$330$177$93$32
47 years$991$568$310$164$84$28
48 years$959$542$292$151$77$25
49 years$929$517$274$140$70$22
50 years$900$494$258$129$63$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $922,000, adding $3,915 every year, while hoping to spend $43,298 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: 67/13/20 Blend
66$922,000$922,000$922,000$922,000
67$1,020,082$971,216$956,925$1,083,080
68$1,078,062$972,737$942,914$1,127,279
69$1,140,504$972,881$926,981$1,170,227
70$1,207,819$971,536$909,018$1,216,154
71$1,280,456$968,580$888,910$1,265,351
72$1,358,909$963,887$866,535$1,318,141
73$1,443,721$957,321$841,767$1,374,880
74$1,535,490$948,739$814,476$1,435,963
75$1,634,871$937,989$784,522$1,501,825
76$1,742,586$924,908$751,761$1,572,946
77$1,859,428$909,327$716,044$1,649,859
78$1,986,270$891,064$677,211$1,733,150
79$2,124,070$869,927$635,099$1,823,468
80$2,273,885$845,713$589,534$1,921,529
81$2,436,876$818,208$540,338$2,028,123
82$2,614,320$787,183$487,322$2,144,124
83$2,807,623$752,397$430,290$2,270,498
84$3,018,332$713,596$369,036$2,408,309
85$3,248,150$670,511$303,347$2,558,733
86$3,498,951$622,855$232,999$2,723,070
87$3,772,798$570,328$157,758$2,902,752
88$4,071,960$512,612$77,380$3,099,364
89$4,398,940$449,369$0$3,314,653
90$4,756,487$380,244$0$3,552,339
91$5,147,633$304,860$0$3,830,498
92$5,575,715$222,822$0$4,135,010
93$6,044,407$133,709$0$4,468,528
94$6,557,754$37,078$0$4,833,980
95$7,120,212$0$0$5,234,592
96$7,736,688$0$0$5,683,580
97$8,412,586$0$0$6,181,718
98$9,153,859$0$0$6,728,096
99$9,967,062$0$0$7,327,553
100$10,859,417$0$0$7,985,421