Can I retire at age 67 with 998,000?

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 $998,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$82,414$81,680$80,964$80,265$79,582$77,501
2 years$40,799$40,039$39,303$38,589$37,896$35,814
3 years$26,929$26,166$25,431$24,724$24,043$22,024
4 years$19,996$19,235$18,508$17,812$17,148$15,208
5 years$15,837$15,080$14,363$13,682$13,035$11,181
6 years$13,065$12,314$11,607$10,941$10,314$8,546
7 years$11,086$10,341$9,646$8,995$8,388$6,707
8 years$9,602$8,865$8,180$7,546$6,959$5,363
9 years$8,449$7,718$7,046$6,428$5,860$4,349
10 years$7,527$6,803$6,143$5,541$4,993$3,564
11 years$6,773$6,056$5,408$4,822$4,294$2,946
12 years$6,145$5,436$4,799$4,230$3,722$2,451
13 years$5,614$4,913$4,288$3,734$3,245$2,050
14 years$5,159$4,465$3,853$3,315$2,845$1,722
15 years$4,766$4,079$3,478$2,956$2,505$1,452
16 years$4,422$3,743$3,154$2,647$2,214$1,227
17 years$4,118$3,447$2,870$2,378$1,963$1,040
18 years$3,849$3,185$2,620$2,143$1,745$883
19 years$3,608$2,952$2,398$1,937$1,556$752
20 years$3,392$2,743$2,201$1,754$1,389$640
21 years$3,196$2,555$2,024$1,592$1,243$546
22 years$3,019$2,385$1,866$1,447$1,115$466
23 years$2,857$2,231$1,723$1,318$1,000$399
24 years$2,709$2,090$1,593$1,202$899$341
25 years$2,573$1,961$1,476$1,098$809$292
26 years$2,448$1,843$1,369$1,004$729$250
27 years$2,332$1,735$1,271$919$657$214
28 years$2,224$1,635$1,181$842$593$184
29 years$2,124$1,542$1,099$772$535$157
30 years$2,031$1,456$1,024$709$484$135
31 years$1,945$1,377$955$651$437$116
32 years$1,863$1,303$891$598$396$99
33 years$1,787$1,234$832$550$358$85
34 years$1,716$1,169$777$506$324$73
35 years$1,648$1,109$727$466$294$63
36 years$1,585$1,053$680$429$266$54
37 years$1,525$1,000$636$395$241$46
38 years$1,469$950$596$364$219$40
39 years$1,415$903$558$336$198$34
40 years$1,364$860$523$310$180$29
41 years$1,316$818$491$286$163$25
42 years$1,271$779$460$264$148$22
43 years$1,227$742$432$244$134$19
44 years$1,186$708$405$225$122$16
45 years$1,146$675$381$208$111$14
46 years$1,109$644$357$192$101$12
47 years$1,073$614$336$177$91$10
48 years$1,039$587$316$164$83$9
49 years$1,006$560$297$151$75$7
50 years$974$535$279$140$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $998,000, adding $4,025 every year, while hoping to spend $23,023 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: 86/7/7 Blend
66$998,000$998,000$998,000$998,000
67$1,103,948$1,051,054$1,035,585$1,197,943
68$1,192,054$1,078,059$1,045,781$1,286,843
69$1,288,376$1,105,616$1,055,546$1,380,931
70$1,393,726$1,133,727$1,064,843$1,483,585
71$1,509,001$1,162,395$1,073,631$1,595,651
72$1,635,188$1,191,621$1,081,865$1,718,061
73$1,773,372$1,221,405$1,089,503$1,851,842
74$1,924,749$1,251,747$1,096,495$1,998,124
75$2,090,638$1,282,647$1,102,791$2,158,151
76$2,272,488$1,314,102$1,108,340$2,333,295
77$2,471,899$1,346,110$1,113,086$2,525,067
78$2,690,629$1,378,666$1,116,971$2,735,128
79$2,930,617$1,411,765$1,119,934$2,965,313
80$3,193,999$1,445,400$1,121,911$3,217,640
81$3,483,126$1,479,564$1,122,834$3,494,332
82$3,800,590$1,514,247$1,122,633$3,797,838
83$4,149,243$1,549,438$1,121,235$4,130,859
84$4,532,230$1,585,126$1,118,561$4,496,365
85$4,953,015$1,621,294$1,114,530$4,897,634
86$5,415,413$1,657,927$1,109,056$5,338,274
87$5,923,626$1,695,007$1,102,051$5,822,260
88$6,482,286$1,732,513$1,093,420$6,353,973
89$7,096,495$1,770,421$1,083,065$6,938,239
90$7,771,873$1,808,707$1,070,884$7,580,377
91$8,514,613$1,847,343$1,056,767$8,286,245
92$9,331,538$1,886,297$1,040,603$9,062,299
93$10,230,164$1,925,535$1,022,273$9,915,653
94$11,218,775$1,965,021$1,001,654$10,854,144
95$12,306,497$2,004,713$978,615$11,886,408
96$13,503,383$2,044,567$953,022$13,021,963
97$14,820,512$2,084,536$924,733$14,271,293
98$16,270,092$2,124,566$893,599$15,645,953
99$17,865,573$2,164,601$859,466$17,158,675
100$19,621,774$2,204,579$822,171$18,823,489