Can I retire at age 67 with 945,000?

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 $945,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$78,037$77,342$76,664$76,002$75,356$73,031
2 years$38,632$37,913$37,215$36,539$35,884$33,562
3 years$25,499$24,776$24,081$23,411$22,766$20,520
4 years$18,934$18,213$17,525$16,866$16,237$14,084
5 years$14,996$14,279$13,600$12,955$12,343$10,289
6 years$12,371$11,660$10,991$10,360$9,767$7,813
7 years$10,497$9,792$9,133$8,518$7,943$6,090
8 years$9,092$8,394$7,746$7,145$6,589$4,836
9 years$8,000$7,308$6,671$6,086$5,549$3,893
10 years$7,127$6,442$5,816$5,246$4,728$3,167
11 years$6,413$5,735$5,121$4,566$4,066$2,597
12 years$5,818$5,147$4,544$4,005$3,524$2,143
13 years$5,316$4,652$4,060$3,536$3,073$1,778
14 years$4,885$4,228$3,648$3,139$2,694$1,481
15 years$4,513$3,863$3,294$2,799$2,372$1,238
16 years$4,187$3,544$2,986$2,506$2,096$1,038
17 years$3,900$3,264$2,717$2,252$1,859$872
18 years$3,645$3,016$2,481$2,029$1,653$734
19 years$3,417$2,795$2,271$1,834$1,473$619
20 years$3,212$2,597$2,084$1,661$1,316$523
21 years$3,027$2,419$1,917$1,507$1,177$442
22 years$2,859$2,258$1,767$1,370$1,055$374
23 years$2,705$2,112$1,631$1,248$947$316
24 years$2,565$1,979$1,509$1,138$852$268
25 years$2,436$1,857$1,397$1,040$766$227
26 years$2,318$1,745$1,296$951$690$193
27 years$2,208$1,643$1,203$870$622$163
28 years$2,106$1,548$1,119$797$561$139
29 years$2,012$1,460$1,041$731$507$118
30 years$1,924$1,379$970$671$458$100
31 years$1,841$1,304$904$616$414$85
32 years$1,764$1,233$843$566$375$72
33 years$1,692$1,168$788$521$339$61
34 years$1,625$1,107$736$479$307$52
35 years$1,561$1,050$688$441$278$44
36 years$1,501$997$644$406$252$38
37 years$1,444$947$602$374$228$32
38 years$1,391$900$564$345$207$27
39 years$1,340$855$529$318$188$23
40 years$1,292$814$495$293$170$20
41 years$1,246$775$464$271$154$17
42 years$1,203$738$436$250$140$14
43 years$1,162$703$409$231$127$12
44 years$1,123$670$384$213$115$10
45 years$1,085$639$360$197$105$9
46 years$1,050$610$338$182$95$7
47 years$1,016$582$318$168$86$6
48 years$983$555$299$155$78$5
49 years$952$530$281$143$71$5
50 years$923$507$264$132$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $945,000, adding $3,764 every year, while hoping to spend $26,736 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: 55/18/27 Blend
66$945,000$945,000$945,000$945,000
67$1,045,273$995,188$980,540$1,094,779
68$1,123,443$1,015,505$984,941$1,149,614
69$1,208,692$1,035,922$988,594$1,206,223
70$1,301,711$1,056,415$991,444$1,267,336
71$1,403,265$1,076,958$993,437$1,333,393
72$1,514,194$1,097,525$994,513$1,404,883
73$1,635,423$1,118,085$994,611$1,482,345
74$1,767,971$1,138,606$993,665$1,566,371
75$1,912,960$1,159,054$991,609$1,657,615
76$2,071,624$1,179,390$988,370$1,756,800
77$2,245,324$1,199,574$983,874$1,864,721
78$2,435,556$1,219,562$978,043$1,982,255
79$2,643,970$1,239,308$970,795$2,110,372
80$2,872,382$1,258,761$962,044$2,250,136
81$3,122,792$1,277,867$951,699$2,402,727
82$3,397,403$1,296,569$939,667$2,569,441
83$3,698,640$1,314,803$925,849$2,751,711
84$4,029,177$1,332,504$910,140$2,951,114
85$4,391,957$1,349,601$892,434$3,169,391
86$4,790,223$1,366,017$872,616$3,408,462
87$5,227,545$1,381,672$850,568$3,670,442
88$5,707,859$1,396,478$826,167$3,957,667
89$6,235,499$1,410,344$799,282$4,272,708
90$6,815,239$1,423,170$769,777$4,618,405
91$7,452,340$1,434,852$737,511$4,997,885
92$8,152,597$1,445,278$702,336$5,414,599
93$8,922,394$1,454,328$664,096$5,872,350
94$9,768,764$1,461,876$622,629$6,375,333
95$10,699,457$1,467,787$577,766$6,928,172
96$11,723,010$1,471,917$529,330$7,535,965
97$12,848,831$1,474,115$477,136$8,204,333
98$14,087,282$1,474,217$420,991$8,939,474
99$15,449,783$1,472,052$360,693$9,748,219
100$16,948,916$1,467,438$296,031$10,638,102