Can I retire at age 67 with 1,080,000?

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 $1,080,000?

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$89,185$88,391$87,616$86,859$86,121$85,506
2 years$44,151$43,329$42,532$41,759$41,010$40,390
3 years$29,142$28,316$27,521$26,756$26,018$25,413
4 years$21,638$20,815$20,028$19,276$18,557$17,970
5 years$17,138$16,319$15,543$14,806$14,106$13,540
6 years$14,138$13,326$12,561$11,840$11,162$10,617
7 years$11,997$11,191$10,438$9,735$9,078$8,554
8 years$10,391$9,593$8,852$8,166$7,531$7,028
9 years$9,143$8,352$7,625$6,956$6,342$5,861
10 years$8,145$7,362$6,647$5,996$5,404$4,944
11 years$7,329$6,554$5,852$5,218$4,647$4,208
12 years$6,650$5,883$5,194$4,577$4,027$3,608
13 years$6,075$5,316$4,640$4,041$3,512$3,113
14 years$5,583$4,832$4,169$3,587$3,078$2,699
15 years$5,157$4,414$3,764$3,199$2,711$2,350
16 years$4,785$4,050$3,413$2,864$2,396$2,053
17 years$4,457$3,730$3,106$2,574$2,124$1,799
18 years$4,165$3,447$2,835$2,319$1,889$1,581
19 years$3,905$3,194$2,595$2,096$1,683$1,392
20 years$3,671$2,968$2,382$1,898$1,504$1,229
21 years$3,459$2,765$2,191$1,723$1,346$1,086
22 years$3,267$2,581$2,019$1,566$1,206$961
23 years$3,092$2,414$1,864$1,426$1,083$852
24 years$2,932$2,262$1,724$1,301$973$756
25 years$2,784$2,122$1,597$1,188$876$672
26 years$2,649$1,995$1,481$1,086$789$597
27 years$2,523$1,877$1,375$994$711$531
28 years$2,407$1,769$1,279$911$642$473
29 years$2,299$1,669$1,190$835$579$421
30 years$2,198$1,576$1,108$767$524$375
31 years$2,104$1,490$1,033$704$473$335
32 years$2,017$1,410$964$647$428$299
33 years$1,934$1,335$900$595$387$267
34 years$1,857$1,265$841$548$351$238
35 years$1,784$1,200$786$504$318$213
36 years$1,715$1,139$736$464$288$190
37 years$1,651$1,082$688$428$261$170
38 years$1,589$1,028$645$394$237$152
39 years$1,531$978$604$364$215$136
40 years$1,477$930$566$335$195$121
41 years$1,424$885$531$309$177$108
42 years$1,375$843$498$285$160$97
43 years$1,328$803$467$264$145$87
44 years$1,283$766$439$243$132$77
45 years$1,241$730$412$225$120$69
46 years$1,200$697$387$208$109$62
47 years$1,161$665$363$192$99$55
48 years$1,124$635$341$177$90$50
49 years$1,088$606$321$164$81$44
50 years$1,054$579$302$151$74$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,080,000, adding $4,216 every year, while hoping to spend $27,506 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: 84/11/5 Blend
66$1,080,000$1,080,000$1,080,000$1,080,000
67$1,194,509$1,137,269$1,120,529$1,294,462
68$1,287,083$1,163,729$1,128,800$1,386,754
69$1,388,177$1,190,563$1,136,427$1,483,911
70$1,498,632$1,217,762$1,143,358$1,589,742
71$1,619,373$1,245,313$1,149,541$1,705,099
72$1,751,417$1,273,201$1,154,919$1,830,920
73$1,895,886$1,301,413$1,159,434$1,968,237
74$2,054,015$1,329,930$1,163,023$2,118,190
75$2,227,162$1,358,735$1,165,622$2,282,030
76$2,416,825$1,387,805$1,167,163$2,461,137
77$2,624,652$1,417,118$1,167,573$2,657,032
78$2,852,459$1,446,649$1,166,779$2,871,387
79$3,102,244$1,476,370$1,164,701$3,106,048
80$3,376,212$1,506,251$1,161,257$3,363,044
81$3,676,786$1,536,258$1,156,360$3,644,613
82$4,006,640$1,566,356$1,149,919$3,953,220
83$4,368,715$1,596,505$1,141,840$4,291,579
84$4,766,254$1,626,664$1,132,021$4,662,682
85$5,202,827$1,656,786$1,120,360$5,069,823
86$5,682,370$1,686,823$1,106,746$5,516,633
87$6,209,214$1,716,720$1,091,065$6,007,112
88$6,788,135$1,746,420$1,073,197$6,545,665
89$7,424,392$1,775,861$1,053,015$7,137,148
90$8,123,778$1,804,977$1,030,390$7,786,911
91$8,892,678$1,833,696$1,005,183$8,500,847
92$9,738,125$1,861,940$977,250$9,285,450
93$10,667,867$1,889,628$946,440$10,147,876
94$11,690,440$1,916,671$912,597$11,096,009
95$12,815,251$1,942,974$875,555$12,138,537
96$14,052,663$1,968,436$835,143$13,285,031
97$15,414,094$1,992,949$791,180$14,546,041
98$16,912,125$2,016,397$743,478$15,933,190
99$18,560,618$2,038,656$691,840$17,459,283
100$20,374,845$2,059,595$636,061$19,138,435