Can I retire at age 67 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$76,881$76,196$75,528$74,876$74,239$72,239
2 years$38,060$37,351$36,664$35,998$35,352$33,352
3 years$25,121$24,409$23,724$23,064$22,429$20,490
4 years$18,653$17,943$17,265$16,617$15,996$14,135
5 years$14,773$14,068$13,398$12,763$12,160$10,380
6 years$12,188$11,487$10,828$10,207$9,622$7,926
7 years$10,341$9,647$8,998$8,392$7,825$6,213
8 years$8,957$8,269$7,631$7,039$6,492$4,962
9 years$7,882$7,200$6,573$5,996$5,467$4,019
10 years$7,021$6,346$5,730$5,169$4,658$3,290
11 years$6,318$5,650$5,045$4,498$4,006$2,715
12 years$5,732$5,071$4,477$3,946$3,472$2,256
13 years$5,237$4,583$4,000$3,483$3,027$1,884
14 years$4,813$4,166$3,594$3,092$2,654$1,581
15 years$4,446$3,805$3,245$2,758$2,337$1,331
16 years$4,125$3,491$2,942$2,469$2,065$1,124
17 years$3,842$3,215$2,677$2,219$1,831$951
18 years$3,591$2,971$2,444$1,999$1,628$806
19 years$3,366$2,754$2,237$1,807$1,451$685
20 years$3,164$2,559$2,053$1,636$1,296$583
21 years$2,982$2,383$1,889$1,485$1,160$496
22 years$2,816$2,225$1,741$1,350$1,040$423
23 years$2,665$2,081$1,607$1,230$933$361
24 years$2,527$1,950$1,486$1,121$839$308
25 years$2,400$1,830$1,377$1,024$755$264
26 years$2,283$1,720$1,277$936$680$225
27 years$2,175$1,618$1,186$857$613$193
28 years$2,075$1,525$1,102$785$553$165
29 years$1,982$1,439$1,026$720$499$141
30 years$1,895$1,359$955$661$451$121
31 years$1,814$1,284$891$607$408$104
32 years$1,738$1,215$831$558$369$89
33 years$1,667$1,151$776$513$334$76
34 years$1,601$1,091$725$472$302$65
35 years$1,538$1,035$678$435$274$56
36 years$1,479$982$634$400$248$48
37 years$1,423$933$593$369$225$41
38 years$1,370$886$556$340$204$35
39 years$1,320$843$521$313$185$30
40 years$1,273$802$488$289$168$26
41 years$1,228$763$458$267$152$22
42 years$1,185$727$429$246$138$19
43 years$1,145$693$403$227$125$16
44 years$1,106$660$378$210$114$14
45 years$1,069$630$355$194$103$12
46 years$1,034$601$333$179$94$10
47 years$1,001$573$313$165$85$9
48 years$969$547$294$153$77$8
49 years$938$522$277$141$70$6
50 years$909$499$260$130$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $931,000, adding $5,148 every year, while hoping to spend $42,811 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: 67/17/16 Blend
66$931,000$931,000$931,000$931,000
67$1,031,272$981,929$967,499$1,096,087
68$1,090,911$984,493$954,359$1,142,578
69$1,155,199$985,748$939,345$1,187,902
70$1,224,564$985,584$922,348$1,236,399
71$1,299,477$983,886$903,254$1,288,375
72$1,380,457$980,529$881,946$1,344,173
73$1,468,072$975,384$858,300$1,404,168
74$1,562,949$968,311$832,186$1,468,778
75$1,665,775$959,163$803,470$1,538,460
76$1,777,306$947,784$772,008$1,613,722
77$1,898,374$934,009$737,654$1,695,126
78$2,029,895$917,662$700,252$1,783,288
79$2,172,874$898,557$659,640$1,878,893
80$2,328,419$876,498$615,649$1,982,696
81$2,497,748$851,276$568,104$2,095,529
82$2,682,201$822,672$516,818$2,218,312
83$2,883,253$790,450$461,599$2,352,061
84$3,102,527$754,365$402,245$2,497,898
85$3,341,811$714,155$338,546$2,657,060
86$3,603,071$669,543$270,283$2,830,915
87$3,888,471$620,239$197,225$3,020,970
88$4,200,396$565,931$119,133$3,228,891
89$4,541,470$506,295$35,756$3,456,516
90$4,914,581$440,984$0$3,705,873
91$5,322,910$369,635$0$3,988,288
92$5,769,961$291,861$0$4,304,250
93$6,259,590$207,255$0$4,650,424
94$6,796,046$115,389$0$5,029,869
95$7,384,008$15,807$0$5,445,958
96$8,028,626$0$0$5,902,409
97$8,735,576$0$0$6,420,527
98$9,511,107$0$0$6,992,210
99$10,362,105$0$0$7,619,584
100$11,296,152$0$0$8,308,246