Can I retire at age 67 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$79,606$78,897$78,205$77,530$76,871$76,131
2 years$39,409$38,675$37,964$37,274$36,605$35,860
3 years$26,012$25,275$24,565$23,882$23,224$22,497
4 years$19,314$18,579$17,877$17,206$16,563$15,859
5 years$15,297$14,567$13,873$13,215$12,591$11,913
6 years$12,620$11,895$11,212$10,569$9,963$9,311
7 years$10,708$9,989$9,317$8,689$8,103$7,477
8 years$9,275$8,563$7,902$7,289$6,722$6,122
9 years$8,161$7,455$6,806$6,209$5,661$5,087
10 years$7,270$6,571$5,933$5,352$4,823$4,276
11 years$6,542$5,850$5,224$4,658$4,148$3,626
12 years$5,935$5,251$4,636$4,085$3,595$3,098
13 years$5,423$4,745$4,142$3,607$3,135$2,662
14 years$4,984$4,313$3,721$3,202$2,748$2,299
15 years$4,603$3,940$3,360$2,855$2,419$1,993
16 years$4,271$3,615$3,046$2,557$2,138$1,735
17 years$3,978$3,329$2,772$2,297$1,896$1,514
18 years$3,718$3,076$2,530$2,070$1,686$1,325
19 years$3,485$2,851$2,317$1,871$1,503$1,162
20 years$3,276$2,650$2,126$1,694$1,342$1,020
21 years$3,088$2,468$1,955$1,538$1,201$898
22 years$2,916$2,304$1,802$1,398$1,077$791
23 years$2,760$2,155$1,664$1,273$966$698
24 years$2,617$2,019$1,539$1,161$869$617
25 years$2,485$1,894$1,425$1,061$782$545
26 years$2,364$1,781$1,322$970$704$482
27 years$2,252$1,676$1,228$888$635$427
28 years$2,149$1,579$1,141$813$573$378
29 years$2,052$1,490$1,062$746$517$336
30 years$1,962$1,407$989$684$467$298
31 years$1,878$1,330$922$629$422$264
32 years$1,800$1,258$860$578$382$234
33 years$1,726$1,192$803$531$346$208
34 years$1,657$1,129$751$489$313$185
35 years$1,592$1,071$702$450$284$164
36 years$1,531$1,017$657$414$257$146
37 years$1,473$966$614$382$233$130
38 years$1,419$918$575$352$211$115
39 years$1,367$873$539$324$191$103
40 years$1,318$830$505$299$174$91
41 years$1,271$790$474$276$158$81
42 years$1,227$753$444$255$143$72
43 years$1,185$717$417$235$130$64
44 years$1,145$684$392$217$118$57
45 years$1,107$652$368$201$107$51
46 years$1,071$622$345$185$97$45
47 years$1,036$593$324$171$88$40
48 years$1,003$567$305$158$80$36
49 years$972$541$287$146$73$32
50 years$941$517$269$135$66$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $964,000, adding $5,208 every year, while hoping to spend $41,828 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: 66/25/9 Blend
66$964,000$964,000$964,000$964,000
67$1,067,700$1,016,608$1,001,666$1,135,891
68$1,132,101$1,021,917$990,717$1,187,224
69$1,201,669$1,026,085$978,000$1,237,848
70$1,276,886$1,029,010$963,410$1,292,085
71$1,358,284$1,030,587$946,840$1,350,283
72$1,446,446$1,030,703$928,176$1,412,827
73$1,542,014$1,029,238$907,300$1,480,140
74$1,645,693$1,026,064$884,088$1,552,691
75$1,758,258$1,021,045$858,409$1,630,997
76$1,880,563$1,014,039$830,129$1,715,627
77$2,013,546$1,004,893$799,104$1,807,213
78$2,158,240$993,445$765,187$1,906,448
79$2,315,782$979,525$728,222$2,014,100
80$2,487,421$962,951$688,046$2,131,016
81$2,674,533$943,531$644,491$2,258,130
82$2,878,632$921,061$597,378$2,396,474
83$3,101,386$895,326$546,524$2,547,187
84$3,344,628$866,098$491,733$2,711,524
85$3,610,378$833,135$432,804$2,890,874
86$3,900,859$796,181$369,526$3,086,766
87$4,218,520$754,967$301,678$3,300,890
88$4,566,055$709,206$229,030$3,535,110
89$4,946,431$658,596$151,341$3,791,482
90$5,362,918$602,817$68,361$4,072,276
91$5,819,112$541,532$0$4,379,997
92$6,318,977$474,383$0$4,719,348
93$6,866,877$400,992$0$5,098,569
94$7,467,619$320,961$0$5,514,481
95$8,126,497$233,869$0$5,970,823
96$8,849,341$139,270$0$6,471,720
97$9,642,575$36,696$0$7,021,720
98$10,513,273$0$0$7,625,838
99$11,469,227$0$0$8,310,058
100$12,519,022$0$0$9,072,595