Can I retire at age 67 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$81,836$81,107$80,396$79,702$79,024$77,875
2 years$40,513$39,758$39,027$38,318$37,630$36,475
3 years$26,740$25,982$25,253$24,551$23,874$22,749
4 years$19,855$19,100$18,378$17,687$17,027$15,940
5 years$15,725$14,975$14,262$13,586$12,944$11,899
6 years$12,973$12,228$11,526$10,865$10,242$9,240
7 years$11,008$10,269$9,578$8,932$8,330$7,370
8 years$9,535$8,802$8,123$7,493$6,910$5,994
9 years$8,389$7,664$6,996$6,382$5,819$4,945
10 years$7,474$6,755$6,099$5,502$4,958$4,126
11 years$6,725$6,014$5,370$4,788$4,264$3,473
12 years$6,102$5,398$4,766$4,200$3,695$2,945
13 years$5,575$4,878$4,258$3,708$3,222$2,511
14 years$5,123$4,434$3,826$3,291$2,825$2,151
15 years$4,732$4,051$3,454$2,935$2,487$1,850
16 years$4,391$3,716$3,132$2,628$2,198$1,597
17 years$4,089$3,423$2,850$2,362$1,949$1,382
18 years$3,822$3,163$2,601$2,128$1,733$1,199
19 years$3,583$2,931$2,381$1,923$1,545$1,042
20 years$3,368$2,724$2,186$1,742$1,380$907
21 years$3,174$2,537$2,010$1,581$1,235$791
22 years$2,998$2,368$1,853$1,437$1,107$691
23 years$2,837$2,215$1,711$1,309$993$604
24 years$2,690$2,075$1,582$1,194$893$529
25 years$2,555$1,948$1,465$1,090$804$463
26 years$2,430$1,830$1,359$997$724$406
27 years$2,315$1,723$1,262$912$653$356
28 years$2,209$1,623$1,173$836$589$312
29 years$2,110$1,531$1,092$767$532$274
30 years$2,017$1,446$1,017$704$480$241
31 years$1,931$1,367$948$646$434$212
32 years$1,850$1,294$885$594$393$186
33 years$1,775$1,225$826$546$356$164
34 years$1,704$1,161$772$502$322$144
35 years$1,637$1,101$721$463$292$126
36 years$1,574$1,045$675$426$264$111
37 years$1,515$993$632$392$239$98
38 years$1,458$943$592$362$217$86
39 years$1,405$897$554$334$197$76
40 years$1,355$854$519$308$179$67
41 years$1,307$812$487$284$162$59
42 years$1,262$774$457$262$147$52
43 years$1,219$737$429$242$133$46
44 years$1,177$703$402$223$121$40
45 years$1,138$670$378$206$110$35
46 years$1,101$639$355$190$100$31
47 years$1,065$610$333$176$91$27
48 years$1,031$582$313$163$82$24
49 years$999$556$295$150$75$21
50 years$968$531$277$139$68$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $991,000, adding $5,841 every year, while hoping to spend $44,446 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: 69/19/12 Blend
66$991,000$991,000$991,000$991,000
67$1,098,107$1,045,584$1,030,223$1,170,638
68$1,162,824$1,049,527$1,017,446$1,223,511
69$1,232,652$1,052,174$1,002,750$1,275,437
70$1,308,066$1,053,415$986,026$1,331,082
71$1,389,587$1,053,130$967,157$1,390,805
72$1,477,789$1,051,198$946,020$1,455,002
73$1,573,301$1,047,484$922,489$1,524,110
74$1,676,815$1,041,848$896,430$1,598,611
75$1,789,094$1,034,142$867,704$1,679,037
76$1,910,974$1,024,208$836,165$1,765,976
77$2,043,377$1,011,878$801,660$1,860,076
78$2,187,316$996,974$764,030$1,962,051
79$2,343,905$979,309$723,108$2,072,693
80$2,514,371$958,683$678,720$2,192,871
81$2,700,063$934,884$630,683$2,323,548
82$2,902,467$907,691$578,808$2,465,785
83$3,123,216$876,865$522,896$2,620,752
84$3,364,110$842,157$462,738$2,789,743
85$3,627,127$803,301$398,119$2,974,183
86$3,914,449$760,018$328,811$3,175,645
87$4,228,475$712,010$254,577$3,395,867
88$4,571,845$658,965$175,172$3,636,764
89$4,947,470$600,551$90,336$3,900,449
90$5,358,551$536,417$0$4,189,255
91$5,808,615$466,193$0$4,505,781
92$6,301,546$389,488$0$4,865,185
93$6,841,620$305,890$0$5,259,058
94$7,433,546$214,960$0$5,690,894
95$8,082,513$116,238$0$6,164,545
96$8,794,233$9,237$0$6,684,257
97$9,574,999$0$0$7,254,714
98$10,431,741$0$0$7,903,355
99$11,372,093$0$0$8,617,475
100$12,404,466$0$0$9,401,537