Can I retire at age 67 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$80,515$79,797$79,098$78,415$77,748$76,240
2 years$39,859$39,116$38,397$37,699$37,023$35,510
3 years$26,309$25,563$24,845$24,154$23,489$22,018
4 years$19,535$18,791$18,081$17,402$16,752$15,335
5 years$15,472$14,733$14,032$13,366$12,735$11,375
6 years$12,764$12,030$11,340$10,689$10,077$8,776
7 years$10,830$10,103$9,423$8,788$8,195$6,953
8 years$9,381$8,660$7,992$7,372$6,799$5,616
9 years$8,254$7,540$6,883$6,279$5,725$4,600
10 years$7,353$6,646$6,001$5,413$4,878$3,810
11 years$6,617$5,917$5,283$4,711$4,196$3,183
12 years$6,003$5,311$4,689$4,132$3,636$2,678
13 years$5,485$4,799$4,189$3,648$3,170$2,265
14 years$5,040$4,362$3,764$3,238$2,779$1,925
15 years$4,656$3,985$3,398$2,888$2,447$1,642
16 years$4,320$3,656$3,081$2,586$2,163$1,405
17 years$4,023$3,367$2,804$2,323$1,918$1,206
18 years$3,760$3,112$2,559$2,094$1,705$1,037
19 years$3,525$2,884$2,343$1,892$1,520$894
20 years$3,314$2,680$2,150$1,714$1,357$771
21 years$3,123$2,496$1,978$1,555$1,215$666
22 years$2,949$2,330$1,823$1,414$1,089$577
23 years$2,791$2,179$1,683$1,288$977$499
24 years$2,647$2,042$1,557$1,174$879$433
25 years$2,514$1,916$1,442$1,073$791$376
26 years$2,391$1,801$1,337$981$712$326
27 years$2,278$1,695$1,242$898$642$283
28 years$2,173$1,597$1,154$822$579$246
29 years$2,076$1,507$1,074$754$523$214
30 years$1,985$1,423$1,000$692$473$186
31 years$1,900$1,345$933$636$427$162
32 years$1,820$1,273$870$584$387$141
33 years$1,746$1,205$813$537$350$123
34 years$1,676$1,142$759$494$317$107
35 years$1,610$1,083$710$455$287$93
36 years$1,549$1,028$664$419$260$81
37 years$1,490$977$622$386$236$71
38 years$1,435$928$582$356$214$61
39 years$1,383$883$545$328$194$54
40 years$1,333$840$511$303$176$47
41 years$1,286$799$479$279$159$41
42 years$1,241$761$450$258$145$35
43 years$1,199$725$422$238$131$31
44 years$1,158$691$396$220$119$27
45 years$1,120$659$372$203$108$23
46 years$1,083$629$349$187$98$20
47 years$1,048$600$328$173$89$18
48 years$1,015$573$308$160$81$16
49 years$983$547$290$148$74$14
50 years$952$523$272$137$67$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $975,000, adding $4,146 every year, while hoping to spend $48,500 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: 64/27/9 Blend
66$975,000$975,000$975,000$975,000
67$1,078,727$1,027,052$1,011,939$1,145,473
68$1,137,153$1,025,774$994,235$1,189,227
69$1,199,914$1,022,807$974,313$1,230,930
70$1,267,399$1,018,019$952,047$1,275,235
71$1,340,038$1,011,267$927,305$1,322,394
72$1,418,303$1,002,399$899,950$1,372,682
73$1,502,710$991,257$869,839$1,426,406
74$1,593,829$977,671$836,821$1,483,905
75$1,692,283$961,461$800,739$1,545,556
76$1,798,761$942,437$761,428$1,611,772
77$1,914,016$920,398$718,717$1,683,014
78$2,038,878$895,130$672,427$1,759,790
79$2,174,259$866,407$622,369$1,842,661
80$2,321,163$833,990$568,347$1,932,250
81$2,480,693$797,627$510,158$2,029,243
82$2,654,062$757,049$447,587$2,134,402
83$2,842,605$711,973$380,410$2,248,567
84$3,047,791$662,101$308,394$2,372,668
85$3,271,237$607,114$231,296$2,507,732
86$3,514,719$546,680$148,861$2,654,896
87$3,780,197$480,443$60,824$2,815,414
88$4,069,822$408,030$0$2,990,675
89$4,385,967$329,047$0$3,185,394
90$4,731,241$243,075$0$3,404,523
91$5,108,517$149,675$0$3,644,117
92$5,520,958$48,381$0$3,906,276
93$5,972,046$0$0$4,193,316
94$6,465,615$0$0$4,526,005
95$7,005,888$0$0$4,905,976
96$7,597,513$0$0$5,322,130
97$8,245,610$0$0$5,778,079
98$8,955,817$0$0$6,277,796
99$9,734,343$0$0$6,825,660
100$10,588,028$0$0$7,426,494