Can I retire at age 67 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$76,964$76,278$75,609$74,956$74,319$71,540
2 years$38,101$37,391$36,704$36,037$35,390$32,622
3 years$25,148$24,436$23,750$23,089$22,453$19,783
4 years$18,673$17,963$17,284$16,634$16,014$13,462
5 years$14,789$14,083$13,413$12,777$12,173$9,747
6 years$12,201$11,500$10,840$10,218$9,632$7,333
7 years$10,353$9,658$9,008$8,401$7,834$5,660
8 years$8,967$8,278$7,639$7,047$6,499$4,449
9 years$7,890$7,208$6,580$6,002$5,473$3,545
10 years$7,029$6,353$5,736$5,174$4,663$2,853
11 years$6,325$5,656$5,050$4,503$4,010$2,314
12 years$5,738$5,076$4,482$3,950$3,475$1,888
13 years$5,243$4,588$4,004$3,487$3,031$1,549
14 years$4,818$4,170$3,598$3,095$2,657$1,275
15 years$4,450$3,809$3,248$2,761$2,339$1,053
16 years$4,129$3,495$2,945$2,472$2,067$872
17 years$3,846$3,219$2,680$2,221$1,833$723
18 years$3,594$2,974$2,446$2,001$1,630$601
19 years$3,370$2,757$2,240$1,809$1,453$500
20 years$3,168$2,562$2,055$1,638$1,298$417
21 years$2,985$2,386$1,891$1,487$1,161$348
22 years$2,819$2,227$1,742$1,352$1,041$290
23 years$2,668$2,083$1,609$1,231$934$243
24 years$2,530$1,952$1,488$1,123$840$203
25 years$2,403$1,832$1,378$1,025$756$170
26 years$2,286$1,721$1,278$937$681$142
27 years$2,178$1,620$1,187$858$614$119
28 years$2,077$1,527$1,103$786$554$99
29 years$1,984$1,440$1,027$721$500$83
30 years$1,897$1,360$956$662$452$70
31 years$1,816$1,286$892$608$408$58
32 years$1,740$1,217$832$558$369$49
33 years$1,669$1,152$777$514$334$41
34 years$1,602$1,092$726$473$303$34
35 years$1,539$1,036$679$435$274$29
36 years$1,480$983$635$401$248$24
37 years$1,424$934$594$369$225$20
38 years$1,372$887$556$340$204$17
39 years$1,322$844$521$314$185$14
40 years$1,274$803$489$289$168$12
41 years$1,229$764$458$267$152$10
42 years$1,187$728$430$246$138$8
43 years$1,146$693$403$227$125$7
44 years$1,107$661$379$210$114$6
45 years$1,071$630$355$194$103$5
46 years$1,035$601$334$179$94$4
47 years$1,002$574$314$166$85$3
48 years$970$548$295$153$77$3
49 years$939$523$277$141$70$2
50 years$910$500$260$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $932,000, adding $3,569 every year, while hoping to spend $58,500 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: 65/6/29 Blend
66$932,000$932,000$932,000$932,000
67$1,030,745$981,349$966,903$1,089,594
68$1,073,638$967,192$937,051$1,115,685
69$1,118,945$950,380$904,238$1,137,400
70$1,166,850$930,722$868,303$1,159,867
71$1,217,556$908,015$829,079$1,183,167
72$1,271,283$882,043$786,388$1,207,391
73$1,328,269$852,579$740,048$1,232,643
74$1,388,779$819,381$689,866$1,259,037
75$1,453,099$782,195$635,641$1,286,703
76$1,521,543$740,751$577,163$1,315,787
77$1,594,456$694,764$514,214$1,346,452
78$1,672,214$643,931$446,564$1,378,879
79$1,755,230$587,934$373,974$1,413,274
80$1,843,956$526,434$296,194$1,449,863
81$1,938,887$459,077$212,964$1,488,902
82$2,040,567$385,485$124,011$1,530,675
83$2,149,591$305,261$29,052$1,575,498
84$2,266,614$217,983$0$1,623,725
85$2,392,352$123,208$0$1,698,116
86$2,527,594$20,467$0$1,787,790
87$2,673,205$0$0$1,884,335
88$2,830,133$0$0$1,994,389
89$2,999,422$0$0$2,114,616
90$3,182,217$0$0$2,244,486
91$3,379,779$0$0$2,384,899
92$3,593,491$0$0$2,536,846
93$3,824,875$0$0$2,701,415
94$4,075,602$0$0$2,879,803
95$4,347,511$0$0$3,073,326
96$4,642,626$0$0$3,283,432
97$4,963,170$0$0$3,511,712
98$5,311,590$0$0$3,759,918
99$5,690,578$0$0$4,029,976
100$6,103,094$0$0$4,324,006