Can I retire at age 67 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$78,533$77,833$77,151$76,485$75,834$74,886
2 years$38,878$38,154$37,452$36,771$36,111$35,158
3 years$25,661$24,934$24,234$23,560$22,911$21,981
4 years$19,054$18,329$17,636$16,974$16,340$15,441
5 years$15,091$14,370$13,686$13,037$12,421$11,556
6 years$12,449$11,734$11,061$10,426$9,829$8,998
7 years$10,564$9,854$9,191$8,572$7,993$7,197
8 years$9,150$8,447$7,795$7,191$6,631$5,870
9 years$8,051$7,355$6,714$6,125$5,584$4,858
10 years$7,172$6,483$5,853$5,280$4,758$4,066
11 years$6,454$5,771$5,153$4,595$4,092$3,433
12 years$5,855$5,180$4,573$4,030$3,546$2,920
13 years$5,350$4,681$4,086$3,558$3,092$2,497
14 years$4,916$4,255$3,671$3,159$2,711$2,147
15 years$4,541$3,887$3,315$2,817$2,387$1,853
16 years$4,213$3,566$3,005$2,522$2,109$1,605
17 years$3,924$3,284$2,735$2,266$1,870$1,394
18 years$3,668$3,035$2,496$2,042$1,663$1,213
19 years$3,438$2,813$2,285$1,845$1,482$1,058
20 years$3,232$2,614$2,097$1,671$1,324$925
21 years$3,046$2,435$1,929$1,517$1,185$810
22 years$2,877$2,273$1,778$1,379$1,062$710
23 years$2,723$2,126$1,642$1,256$953$623
24 years$2,581$1,992$1,518$1,146$857$547
25 years$2,452$1,869$1,406$1,046$771$481
26 years$2,332$1,756$1,304$957$695$423
27 years$2,222$1,653$1,211$876$626$373
28 years$2,120$1,558$1,126$802$565$329
29 years$2,024$1,469$1,048$736$510$290
30 years$1,936$1,388$976$675$461$255
31 years$1,853$1,312$910$620$417$225
32 years$1,776$1,241$849$570$377$199
33 years$1,703$1,176$793$524$341$176
34 years$1,635$1,114$741$482$309$155
35 years$1,571$1,057$692$444$280$137
36 years$1,510$1,003$648$409$254$121
37 years$1,453$953$606$377$230$107
38 years$1,399$905$568$347$208$95
39 years$1,348$861$532$320$189$84
40 years$1,300$819$499$295$171$74
41 years$1,254$780$467$272$155$65
42 years$1,211$743$438$251$141$58
43 years$1,169$707$411$232$128$51
44 years$1,130$674$386$214$116$45
45 years$1,092$643$363$198$105$40
46 years$1,057$613$341$183$96$35
47 years$1,022$585$320$169$87$31
48 years$990$559$301$156$79$28
49 years$958$534$283$144$72$24
50 years$929$510$266$133$65$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $951,000, adding $3,018 every year, while hoping to spend $25,754 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: 38/36/26 Blend
66$951,000$951,000$951,000$951,000
67$1,051,115$1,000,712$985,972$1,082,812
68$1,130,927$1,022,345$991,600$1,127,902
69$1,218,016$1,044,175$996,553$1,174,003
70$1,313,098$1,066,184$1,000,782$1,223,325
71$1,416,960$1,088,353$1,004,234$1,276,178
72$1,530,469$1,110,661$1,006,855$1,332,901
73$1,654,578$1,133,084$1,008,586$1,393,870
74$1,790,339$1,155,599$1,009,367$1,459,499
75$1,938,907$1,178,177$1,009,135$1,530,245
76$2,101,557$1,200,789$1,007,822$1,606,613
77$2,279,691$1,223,403$1,005,359$1,689,158
78$2,474,854$1,245,984$1,001,673$1,778,496
79$2,688,746$1,268,494$996,686$1,875,302
80$2,923,241$1,290,894$990,318$1,980,326
81$3,180,402$1,313,138$982,484$2,094,392
82$3,462,502$1,335,181$973,096$2,218,410
83$3,772,043$1,356,971$962,061$2,353,384
84$4,111,784$1,378,454$949,282$2,500,422
85$4,484,760$1,399,573$934,657$2,660,747
86$4,894,317$1,420,264$918,080$2,835,708
87$5,344,140$1,440,460$899,439$3,026,792
88$5,838,290$1,460,089$878,617$3,235,641
89$6,381,238$1,479,076$855,493$3,464,067
90$6,977,911$1,497,337$829,939$3,714,067
91$7,633,736$1,514,786$801,821$3,987,845
92$8,354,695$1,531,328$770,999$4,287,834
93$9,147,374$1,546,863$737,328$4,616,713
94$10,019,032$1,561,286$700,655$4,977,443
95$10,977,667$1,574,482$660,820$5,373,286
96$12,032,087$1,586,330$617,656$5,807,841
97$13,192,002$1,596,702$570,989$6,285,077
98$14,468,106$1,605,460$520,637$6,809,374
99$15,872,184$1,612,459$466,410$7,385,560
100$17,417,221$1,617,543$408,108$8,018,961