Can I retire at age 67 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$76,551$75,869$75,204$74,554$73,920$72,192
2 years$37,896$37,191$36,507$35,843$35,200$33,469
3 years$25,013$24,304$23,622$22,965$22,332$20,652
4 years$18,573$17,866$17,191$16,545$15,928$14,311
5 years$14,710$14,007$13,341$12,708$12,108$10,560
6 years$12,135$11,438$10,781$10,163$9,581$8,103
7 years$10,297$9,606$8,959$8,355$7,792$6,384
8 years$8,919$8,234$7,598$7,009$6,464$5,126
9 years$7,848$7,169$6,544$5,970$5,444$4,174
10 years$6,991$6,319$5,706$5,146$4,638$3,436
11 years$6,291$5,626$5,023$4,479$3,989$2,852
12 years$5,708$5,049$4,458$3,929$3,457$2,384
13 years$5,215$4,563$3,983$3,468$3,014$2,003
14 years$4,792$4,148$3,579$3,079$2,642$1,691
15 years$4,427$3,789$3,231$2,746$2,327$1,432
16 years$4,107$3,476$2,929$2,459$2,056$1,217
17 years$3,825$3,202$2,666$2,209$1,823$1,037
18 years$3,575$2,958$2,433$1,991$1,621$885
19 years$3,352$2,742$2,228$1,799$1,445$757
20 years$3,151$2,548$2,044$1,629$1,291$648
21 years$2,969$2,373$1,880$1,479$1,155$556
22 years$2,804$2,215$1,733$1,344$1,035$478
23 years$2,654$2,072$1,600$1,224$929$410
24 years$2,516$1,941$1,480$1,117$835$353
25 years$2,390$1,822$1,371$1,020$752$304
26 years$2,273$1,712$1,271$932$677$262
27 years$2,166$1,611$1,180$854$610$225
28 years$2,066$1,518$1,097$782$551$194
29 years$1,973$1,432$1,021$717$497$168
30 years$1,887$1,353$951$658$449$145
31 years$1,806$1,279$887$604$406$125
32 years$1,731$1,210$827$555$368$108
33 years$1,660$1,146$773$511$333$93
34 years$1,594$1,086$722$470$301$80
35 years$1,531$1,030$675$433$273$69
36 years$1,472$978$631$398$247$60
37 years$1,417$929$591$367$224$52
38 years$1,364$883$553$338$203$45
39 years$1,314$839$518$312$184$39
40 years$1,267$798$486$288$167$33
41 years$1,223$760$456$266$152$29
42 years$1,180$724$427$245$137$25
43 years$1,140$690$401$226$125$21
44 years$1,101$657$376$209$113$19
45 years$1,065$627$353$193$103$16
46 years$1,030$598$332$178$93$14
47 years$997$571$312$165$85$12
48 years$965$545$293$152$77$10
49 years$934$520$276$141$70$9
50 years$905$497$259$130$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $927,000, adding $4,369 every year, while hoping to spend $52,947 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: 54/19/27 Blend
66$927,000$927,000$927,000$927,000
67$1,026,061$976,930$962,561$1,073,567
68$1,074,384$968,464$938,472$1,098,382
69$1,125,861$957,809$911,801$1,119,579
70$1,180,759$944,801$882,406$1,141,587
71$1,239,368$929,268$850,138$1,164,503
72$1,302,007$911,027$814,842$1,188,436
73$1,369,027$889,882$776,354$1,213,512
74$1,440,811$865,629$734,505$1,239,869
75$1,517,779$838,050$689,116$1,267,666
76$1,600,393$806,915$640,002$1,297,080
77$1,689,159$771,981$586,969$1,328,308
78$1,784,634$732,988$529,812$1,361,575
79$1,887,427$689,665$468,322$1,397,129
80$1,998,209$641,723$402,275$1,435,251
81$2,117,716$588,857$331,441$1,476,254
82$2,246,758$530,745$255,579$1,520,488
83$2,386,221$467,047$174,435$1,568,342
84$2,537,085$397,401$87,748$1,620,255
85$2,700,422$321,428$0$1,676,712
86$2,877,413$238,725$0$1,739,628
87$3,069,355$148,869$0$1,835,303
88$3,277,677$51,411$0$1,939,189
89$3,503,948$0$0$2,052,126
90$3,749,894$0$0$2,186,356
91$4,017,417$0$0$2,344,132
92$4,308,605$0$0$2,515,946
93$4,625,759$0$0$2,703,166
94$4,971,410$0$0$2,907,295
95$5,348,342$0$0$3,129,991
96$5,759,622$0$0$3,373,075
97$6,208,623$0$0$3,638,554
98$6,699,060$0$0$3,928,637
99$7,235,023$0$0$4,245,756
100$7,821,012$0$0$4,592,587