Can I retire at age 67 with 984,000?

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 $984,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$81,258$80,534$79,828$79,139$78,466$77,421
2 years$40,227$39,477$38,751$38,047$37,365$36,314
3 years$26,551$25,799$25,075$24,377$23,706$22,681
4 years$19,715$18,965$18,248$17,562$16,907$15,917
5 years$15,614$14,869$14,161$13,490$12,852$11,900
6 years$12,881$12,141$11,444$10,788$10,170$9,256
7 years$10,930$10,196$9,510$8,869$8,271$7,395
8 years$9,467$8,740$8,065$7,440$6,861$6,025
9 years$8,330$7,610$6,947$6,337$5,778$4,980
10 years$7,421$6,708$6,056$5,463$4,923$4,163
11 years$6,678$5,972$5,332$4,754$4,234$3,510
12 years$6,059$5,360$4,732$4,170$3,669$2,982
13 years$5,535$4,844$4,228$3,682$3,200$2,547
14 years$5,087$4,403$3,799$3,268$2,805$2,187
15 years$4,699$4,022$3,430$2,915$2,470$1,885
16 years$4,359$3,690$3,109$2,610$2,183$1,630
17 years$4,060$3,398$2,829$2,345$1,935$1,414
18 years$3,795$3,140$2,583$2,113$1,721$1,229
19 years$3,558$2,910$2,365$1,909$1,534$1,071
20 years$3,344$2,704$2,170$1,729$1,370$934
21 years$3,152$2,519$1,996$1,569$1,226$817
22 years$2,977$2,351$1,840$1,427$1,099$715
23 years$2,817$2,199$1,699$1,300$986$626
24 years$2,671$2,061$1,571$1,185$887$549
25 years$2,537$1,934$1,455$1,083$798$482
26 years$2,413$1,817$1,349$990$719$424
27 years$2,299$1,710$1,253$906$648$373
28 years$2,193$1,612$1,165$830$585$328
29 years$2,095$1,520$1,084$761$528$288
30 years$2,003$1,436$1,010$699$477$254
31 years$1,917$1,357$941$642$431$224
32 years$1,837$1,284$878$590$390$197
33 years$1,762$1,216$820$542$353$174
34 years$1,692$1,153$766$499$320$153
35 years$1,625$1,093$716$459$290$135
36 years$1,563$1,038$670$423$262$119
37 years$1,504$986$627$390$238$105
38 years$1,448$937$587$359$216$93
39 years$1,395$891$550$331$195$82
40 years$1,345$847$516$305$177$72
41 years$1,298$807$484$282$161$64
42 years$1,253$768$454$260$146$56
43 years$1,210$732$426$240$132$50
44 years$1,169$698$400$222$120$44
45 years$1,130$665$375$205$109$39
46 years$1,093$635$352$189$99$34
47 years$1,058$606$331$175$90$30
48 years$1,024$578$311$161$82$27
49 years$992$552$292$149$74$24
50 years$961$528$275$138$67$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $984,000, adding $6,252 every year, while hoping to spend $28,406 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: 31/39/30 Blend
66$984,000$984,000$984,000$984,000
67$1,090,817$1,038,665$1,023,413$1,114,490
68$1,171,857$1,059,336$1,027,474$1,154,120
69$1,260,210$1,080,067$1,030,718$1,193,848
70$1,356,594$1,100,833$1,033,089$1,236,065
71$1,461,795$1,121,603$1,034,527$1,281,009
72$1,576,683$1,142,346$1,034,968$1,328,943
73$1,702,211$1,163,027$1,034,346$1,380,159
74$1,839,431$1,183,610$1,032,591$1,434,981
75$1,989,501$1,204,055$1,029,631$1,493,764
76$2,153,695$1,224,319$1,025,389$1,556,903
77$2,333,417$1,244,355$1,019,784$1,624,833
78$2,530,212$1,264,115$1,012,733$1,698,036
79$2,745,782$1,283,545$1,004,148$1,777,045
80$2,982,001$1,302,588$993,936$1,862,448
81$3,240,933$1,321,182$982,001$1,954,895
82$3,524,851$1,339,263$968,240$2,055,104
83$3,836,259$1,356,760$952,550$2,163,870
84$4,177,914$1,373,599$934,817$2,282,069
85$4,552,855$1,389,698$914,927$2,410,671
86$4,964,426$1,404,974$892,758$2,550,746
87$5,416,315$1,419,334$868,182$2,703,477
88$5,912,579$1,432,682$841,066$2,870,168
89$6,457,692$1,444,914$811,272$3,052,264
90$7,056,581$1,455,919$778,654$3,251,356
91$7,714,673$1,465,579$743,059$3,469,204
92$8,437,947$1,473,770$704,329$3,707,750
93$9,232,991$1,480,358$662,298$3,969,138
94$10,107,062$1,485,202$616,791$4,255,736
95$11,068,156$1,488,151$567,627$4,570,158
96$12,125,083$1,489,045$514,617$4,915,289
97$13,287,547$1,487,713$457,562$5,294,313
98$14,566,242$1,483,977$396,256$5,710,746
99$15,972,950$1,477,643$330,482$6,168,468
100$17,520,652$1,468,509$260,014$6,671,760