Can I retire at age 67 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$82,249$81,516$80,801$80,104$79,422$77,978
2 years$40,717$39,959$39,224$38,511$37,820$36,371
3 years$26,875$26,114$25,380$24,675$23,995$22,585
4 years$19,956$19,196$18,470$17,777$17,113$15,753
5 years$15,805$15,050$14,334$13,654$13,009$11,704
6 years$13,039$12,290$11,584$10,919$10,294$9,044
7 years$11,063$10,321$9,626$8,977$8,372$7,178
8 years$9,583$8,847$8,164$7,531$6,945$5,807
9 years$8,432$7,703$7,032$6,415$5,849$4,766
10 years$7,511$6,790$6,130$5,530$4,983$3,955
11 years$6,759$6,044$5,397$4,812$4,286$3,310
12 years$6,132$5,425$4,790$4,221$3,714$2,790
13 years$5,603$4,903$4,279$3,727$3,239$2,365
14 years$5,149$4,456$3,845$3,308$2,839$2,014
15 years$4,756$4,071$3,471$2,950$2,500$1,721
16 years$4,413$3,735$3,147$2,642$2,209$1,476
17 years$4,110$3,440$2,864$2,373$1,959$1,269
18 years$3,841$3,179$2,614$2,139$1,742$1,094
19 years$3,601$2,946$2,393$1,933$1,552$945
20 years$3,385$2,737$2,197$1,750$1,387$817
21 years$3,190$2,550$2,020$1,589$1,241$708
22 years$3,013$2,380$1,862$1,444$1,112$614
23 years$2,851$2,226$1,719$1,315$998$533
24 years$2,704$2,086$1,590$1,200$897$463
25 years$2,568$1,957$1,473$1,096$808$403
26 years$2,443$1,840$1,366$1,002$727$350
27 years$2,327$1,731$1,268$917$656$305
28 years$2,220$1,631$1,179$840$592$266
29 years$2,120$1,539$1,097$770$534$232
30 years$2,027$1,453$1,022$707$483$202
31 years$1,941$1,374$953$649$437$176
32 years$1,860$1,300$889$597$395$154
33 years$1,784$1,231$830$549$357$134
34 years$1,712$1,167$776$505$324$117
35 years$1,645$1,107$725$465$293$102
36 years$1,582$1,050$678$428$266$89
37 years$1,522$998$635$394$241$78
38 years$1,466$948$595$364$218$68
39 years$1,412$902$557$335$198$59
40 years$1,362$858$522$309$179$52
41 years$1,314$817$490$285$163$45
42 years$1,268$778$459$263$148$40
43 years$1,225$741$431$243$134$35
44 years$1,183$706$404$224$122$30
45 years$1,144$674$380$207$110$26
46 years$1,107$643$357$191$100$23
47 years$1,071$613$335$177$91$20
48 years$1,036$585$315$163$83$18
49 years$1,004$559$296$151$75$15
50 years$972$534$278$140$68$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $996,000, adding $5,085 every year, while hoping to spend $27,602 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: 57/23/20 Blend
66$996,000$996,000$996,000$996,000
67$1,102,837$1,050,049$1,034,611$1,159,536
68$1,185,958$1,072,133$1,039,902$1,220,804
69$1,276,633$1,094,374$1,044,446$1,284,136
70$1,375,601$1,116,751$1,048,187$1,352,547
71$1,483,681$1,139,240$1,051,069$1,426,533
72$1,601,769$1,161,815$1,053,033$1,506,639
73$1,730,855$1,184,450$1,054,015$1,593,466
74$1,872,027$1,207,113$1,053,949$1,687,679
75$2,026,485$1,229,772$1,052,768$1,790,008
76$2,195,548$1,252,393$1,050,397$1,901,258
77$2,380,670$1,274,936$1,046,761$2,022,318
78$2,583,451$1,297,361$1,041,780$2,154,167
79$2,805,654$1,319,623$1,035,371$2,297,884
80$3,049,221$1,341,674$1,027,446$2,454,660
81$3,316,289$1,363,464$1,017,914$2,625,805
82$3,609,214$1,384,937$1,006,677$2,812,767
83$3,930,590$1,406,035$993,637$3,017,139
84$4,283,272$1,426,693$978,686$3,240,678
85$4,670,409$1,446,843$961,714$3,485,324
86$5,095,466$1,466,414$942,607$3,753,211
87$5,562,262$1,485,327$921,243$4,046,695
88$6,075,004$1,503,499$897,496$4,368,371
89$6,638,325$1,520,842$871,233$4,721,102
90$7,257,331$1,537,260$842,316$5,108,043
91$7,937,645$1,552,652$810,600$5,532,673
92$8,685,463$1,566,910$775,933$5,998,826
93$9,507,611$1,579,919$738,158$6,510,729
94$10,411,610$1,591,558$697,108$7,073,042
95$11,405,744$1,601,694$652,612$7,690,904
96$12,499,143$1,610,190$604,487$8,369,976
97$13,701,864$1,616,898$552,546$9,116,503
98$15,024,988$1,621,660$496,591$9,937,367
99$16,480,726$1,624,310$436,415$10,840,154
100$18,082,529$1,624,671$371,804$11,833,226