Can I retire at age 67 with 968,000?

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 $968,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$79,937$79,225$78,530$77,852$77,190$75,849
2 years$39,573$38,836$38,121$37,429$36,757$35,410
3 years$26,120$25,379$24,667$23,981$23,320$22,010
4 years$19,395$18,657$17,951$17,277$16,632$15,368
5 years$15,360$14,627$13,931$13,270$12,643$11,429
6 years$12,672$11,944$11,258$10,612$10,004$8,841
7 years$10,752$10,031$9,356$8,725$8,136$7,025
8 years$9,313$8,598$7,934$7,319$6,750$5,690
9 years$8,195$7,486$6,834$6,234$5,684$4,675
10 years$7,300$6,599$5,958$5,374$4,843$3,884
11 years$6,569$5,874$5,245$4,677$4,165$3,255
12 years$5,960$5,273$4,655$4,102$3,610$2,747
13 years$5,445$4,765$4,159$3,622$3,148$2,332
14 years$5,004$4,331$3,737$3,215$2,759$1,988
15 years$4,622$3,957$3,374$2,867$2,429$1,702
16 years$4,289$3,630$3,059$2,567$2,147$1,462
17 years$3,994$3,343$2,783$2,307$1,904$1,259
18 years$3,733$3,089$2,541$2,079$1,693$1,086
19 years$3,500$2,863$2,326$1,878$1,509$940
20 years$3,290$2,660$2,135$1,701$1,348$814
21 years$3,100$2,478$1,964$1,544$1,206$706
22 years$2,928$2,313$1,810$1,404$1,081$613
23 years$2,771$2,164$1,671$1,278$970$533
24 years$2,628$2,027$1,545$1,166$872$464
25 years$2,496$1,902$1,431$1,065$785$404
26 years$2,374$1,788$1,327$974$707$352
27 years$2,262$1,683$1,233$891$637$307
28 years$2,157$1,586$1,146$817$575$268
29 years$2,061$1,496$1,066$749$519$234
30 years$1,970$1,413$993$687$469$204
31 years$1,886$1,335$926$631$424$179
32 years$1,807$1,264$864$580$384$156
33 years$1,734$1,197$807$533$347$136
34 years$1,664$1,134$754$491$314$119
35 years$1,599$1,076$705$452$285$104
36 years$1,537$1,021$659$416$258$91
37 years$1,479$970$617$383$234$80
38 years$1,425$922$578$353$212$70
39 years$1,373$876$541$326$192$61
40 years$1,323$834$507$301$174$53
41 years$1,277$794$476$277$158$47
42 years$1,232$756$446$256$144$41
43 years$1,190$720$419$236$130$36
44 years$1,150$686$393$218$118$31
45 years$1,112$655$369$201$107$27
46 years$1,075$624$347$186$97$24
47 years$1,041$596$326$172$89$21
48 years$1,007$569$306$159$80$18
49 years$976$543$288$147$73$16
50 years$945$519$270$136$66$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $968,000, adding $3,998 every year, while hoping to spend $52,906 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: 23/47/30 Blend
66$968,000$968,000$968,000$968,000
67$1,070,860$1,019,556$1,004,552$1,085,320
68$1,123,796$1,013,223$981,913$1,092,011
69$1,180,359$1,004,806$956,742$1,094,494
70$1,240,861$994,147$928,899$1,096,045
71$1,305,649$981,080$898,237$1,096,623
72$1,375,098$965,427$864,601$1,096,189
73$1,449,624$946,999$827,832$1,094,706
74$1,529,682$925,597$787,759$1,092,139
75$1,615,769$901,011$744,209$1,088,455
76$1,708,434$873,017$696,996$1,083,626
77$1,808,278$841,379$645,930$1,077,629
78$1,915,962$805,846$590,808$1,070,446
79$2,032,212$766,154$531,422$1,062,066
80$2,157,826$722,024$467,553$1,052,484
81$2,293,679$673,158$398,971$1,041,707
82$2,440,736$619,244$325,438$1,029,750
83$2,600,055$559,951$246,704$1,016,641
84$2,772,801$494,930$162,509$1,002,423
85$2,960,255$423,809$72,581$987,153
86$3,163,825$346,200$0$970,908
87$3,385,060$261,689$0$961,273
88$3,625,664$169,840$0$976,162
89$3,887,514$70,194$0$992,566
90$4,172,670$0$0$1,010,767
91$4,483,405$0$0$1,050,603
92$4,822,216$0$0$1,133,777
93$5,191,853$0$0$1,224,678
94$5,595,343$0$0$1,324,072
95$6,036,017$0$0$1,432,801
96$6,517,544$0$0$1,551,790
97$7,043,960$0$0$1,682,061
98$7,619,712$0$0$1,824,737
99$8,249,695$0$0$1,981,056
100$8,939,299$0$0$2,152,381