Can I retire at age 67 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$86,708$85,936$85,182$84,447$83,728$83,131
2 years$42,925$42,125$41,351$40,599$39,871$39,268
3 years$28,332$27,529$26,757$26,012$25,296$24,707
4 years$21,037$20,237$19,472$18,740$18,041$17,471
5 years$16,662$15,866$15,111$14,394$13,715$13,164
6 years$13,745$12,956$12,212$11,511$10,852$10,322
7 years$11,663$10,880$10,148$9,464$8,825$8,316
8 years$10,102$9,326$8,606$7,939$7,322$6,833
9 years$8,889$8,120$7,413$6,762$6,166$5,698
10 years$7,919$7,158$6,463$5,829$5,254$4,806
11 years$7,125$6,372$5,690$5,073$4,518$4,091
12 years$6,465$5,719$5,049$4,450$3,915$3,508
13 years$5,906$5,168$4,511$3,929$3,414$3,026
14 years$5,428$4,698$4,053$3,487$2,993$2,624
15 years$5,014$4,292$3,660$3,110$2,635$2,284
16 years$4,652$3,938$3,318$2,785$2,329$1,996
17 years$4,333$3,626$3,019$2,502$2,065$1,749
18 years$4,049$3,351$2,756$2,255$1,836$1,537
19 years$3,796$3,106$2,523$2,037$1,637$1,354
20 years$3,569$2,886$2,316$1,845$1,462$1,195
21 years$3,363$2,688$2,130$1,675$1,308$1,056
22 years$3,176$2,509$1,963$1,523$1,173$935
23 years$3,006$2,347$1,813$1,387$1,053$828
24 years$2,850$2,199$1,676$1,265$946$735
25 years$2,707$2,063$1,553$1,155$851$653
26 years$2,575$1,939$1,440$1,056$767$580
27 years$2,453$1,825$1,337$967$691$516
28 years$2,340$1,720$1,243$886$624$460
29 years$2,235$1,622$1,157$812$563$410
30 years$2,137$1,532$1,077$745$509$365
31 years$2,046$1,448$1,004$685$460$326
32 years$1,961$1,371$937$629$416$290
33 years$1,880$1,298$875$579$377$259
34 years$1,805$1,230$818$532$341$231
35 years$1,734$1,167$764$490$309$207
36 years$1,668$1,107$715$451$280$185
37 years$1,605$1,052$669$416$254$165
38 years$1,545$1,000$627$383$230$147
39 years$1,489$951$587$353$209$132
40 years$1,436$904$550$326$189$118
41 years$1,385$861$516$301$172$105
42 years$1,337$820$484$278$156$94
43 years$1,291$781$454$256$141$84
44 years$1,248$745$426$237$128$75
45 years$1,206$710$400$218$116$67
46 years$1,167$677$376$202$106$60
47 years$1,129$646$353$186$96$54
48 years$1,093$617$332$172$87$48
49 years$1,058$589$312$159$79$43
50 years$1,025$563$293$147$72$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,050,000, adding $3,807 every year, while hoping to spend $49,147 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: 39/46/15 Blend
66$1,050,000$1,050,000$1,050,000$1,050,000
67$1,161,027$1,105,377$1,089,102$1,200,948
68$1,227,160$1,107,248$1,073,295$1,231,609
69$1,298,391$1,107,564$1,055,311$1,259,699
70$1,375,188$1,106,197$1,035,026$1,289,014
71$1,458,067$1,103,009$1,012,308$1,319,692
72$1,547,591$1,097,858$987,022$1,351,884
73$1,644,381$1,090,590$959,023$1,385,760
74$1,749,121$1,081,042$928,164$1,421,514
75$1,862,560$1,069,041$894,286$1,459,359
76$1,985,524$1,054,407$857,227$1,499,537
77$2,118,919$1,036,944$816,815$1,542,318
78$2,263,742$1,016,448$772,872$1,588,005
79$2,421,091$992,702$725,211$1,636,934
80$2,592,173$965,475$673,636$1,689,484
81$2,778,316$934,524$617,944$1,746,077
82$2,980,980$899,591$557,921$1,807,182
83$3,201,772$860,404$493,344$1,873,325
84$3,442,463$816,673$423,981$1,945,091
85$3,704,999$768,095$349,588$2,023,132
86$3,991,522$714,345$269,913$2,108,174
87$4,304,392$655,083$184,690$2,201,025
88$4,646,206$589,947$93,643$2,302,585
89$5,019,822$518,557$0$2,413,853
90$5,428,387$440,510$0$2,536,505
91$5,875,367$355,379$0$2,687,243
92$6,364,577$262,716$0$2,852,487
93$6,900,219$162,044$0$3,033,813
94$7,486,920$52,863$0$3,232,968
95$8,129,776$0$0$3,451,885
96$8,834,397$0$0$3,725,788
97$9,606,964$0$0$4,055,584
98$10,454,283$0$0$4,417,436
99$11,383,853$0$0$4,814,565
100$12,403,931$0$0$5,250,517