Can I retire at age 67 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$78,368$77,669$76,988$76,324$75,675$74,605
2 years$38,796$38,073$37,373$36,694$36,036$34,960
3 years$25,607$24,881$24,183$23,510$22,862$21,815
4 years$19,014$18,290$17,599$16,938$16,306$15,294
5 years$15,059$14,340$13,657$13,010$12,395$11,422
6 years$12,423$11,710$11,037$10,404$9,808$8,874
7 years$10,541$9,834$9,172$8,554$7,977$7,083
8 years$9,131$8,429$7,779$7,176$6,617$5,763
9 years$8,034$7,339$6,700$6,112$5,573$4,758
10 years$7,157$6,469$5,841$5,269$4,748$3,972
11 years$6,440$5,759$5,142$4,585$4,084$3,346
12 years$5,843$5,169$4,564$4,022$3,539$2,838
13 years$5,338$4,671$4,077$3,551$3,086$2,422
14 years$4,906$4,246$3,663$3,152$2,705$2,076
15 years$4,532$3,879$3,308$2,811$2,382$1,787
16 years$4,204$3,559$2,999$2,517$2,105$1,543
17 years$3,916$3,278$2,729$2,261$1,866$1,336
18 years$3,660$3,029$2,491$2,038$1,660$1,160
19 years$3,431$2,807$2,280$1,842$1,479$1,009
20 years$3,225$2,608$2,093$1,668$1,321$879
21 years$3,039$2,430$1,925$1,514$1,182$768
22 years$2,871$2,268$1,774$1,376$1,060$671
23 years$2,717$2,121$1,638$1,253$951$587
24 years$2,576$1,987$1,515$1,143$855$514
25 years$2,447$1,865$1,403$1,044$769$450
26 years$2,327$1,753$1,301$955$693$395
27 years$2,217$1,650$1,209$874$625$347
28 years$2,115$1,554$1,123$801$564$305
29 years$2,020$1,466$1,045$734$509$268
30 years$1,932$1,385$974$674$460$235
31 years$1,849$1,309$908$619$416$207
32 years$1,772$1,239$847$569$376$182
33 years$1,700$1,173$791$523$340$160
34 years$1,632$1,112$739$481$308$141
35 years$1,568$1,055$691$443$279$124
36 years$1,507$1,001$646$408$253$109
37 years$1,450$951$605$376$229$96
38 years$1,397$903$566$346$208$85
39 years$1,346$859$531$319$189$75
40 years$1,297$817$497$295$171$66
41 years$1,252$778$466$272$155$58
42 years$1,208$741$438$251$141$51
43 years$1,167$706$411$232$128$45
44 years$1,128$673$385$214$116$40
45 years$1,090$642$362$197$105$35
46 years$1,054$612$340$182$96$31
47 years$1,020$584$319$169$87$27
48 years$988$558$300$156$79$24
49 years$956$533$282$144$72$21
50 years$927$509$265$133$65$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $949,000, adding $4,137 every year, while hoping to spend $58,255 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: 37/48/15 Blend
66$949,000$949,000$949,000$949,000
67$1,050,065$999,768$985,059$1,083,983
68$1,095,189$986,774$956,075$1,095,737
69$1,142,963$971,191$924,169$1,102,553
70$1,193,596$952,830$889,179$1,108,662
71$1,247,316$931,492$850,940$1,114,031
72$1,304,373$906,965$809,277$1,118,629
73$1,365,039$879,027$764,008$1,122,426
74$1,429,613$847,439$714,942$1,125,396
75$1,498,422$811,952$661,881$1,127,513
76$1,571,824$772,300$604,616$1,128,760
77$1,650,210$728,203$542,931$1,129,121
78$1,734,010$679,364$476,599$1,128,586
79$1,823,696$625,470$405,381$1,127,154
80$1,919,784$566,188$329,032$1,124,829
81$2,022,839$501,169$247,292$1,121,626
82$2,133,484$430,042$159,892$1,117,571
83$2,252,401$352,416$66,550$1,112,702
84$2,380,339$267,877$0$1,107,069
85$2,518,119$175,988$0$1,106,033
86$2,666,645$76,289$0$1,116,099
87$2,826,908$0$0$1,126,763
88$2,999,999$0$0$1,154,959
89$3,187,114$0$0$1,229,103
90$3,389,570$0$0$1,309,435
91$3,608,814$0$0$1,396,542
92$3,846,436$0$0$1,491,070
93$4,104,186$0$0$1,593,730
94$4,383,987$0$0$1,705,306
95$4,687,954$0$0$1,826,655
96$5,018,415$0$0$1,958,726
97$5,377,931$0$0$2,102,559
98$5,769,317$0$0$2,259,300
99$6,195,675$0$0$2,430,211
100$6,660,414$0$0$2,616,680