Can I retire at age 67 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$90,011$89,209$88,427$87,664$86,918$85,868
2 years$44,560$43,730$42,926$42,146$41,390$40,332
3 years$29,412$28,578$27,776$27,003$26,259$25,228
4 years$21,839$21,008$20,214$19,454$18,728$17,731
5 years$17,296$16,470$15,687$14,943$14,237$13,277
6 years$14,269$13,449$12,677$11,950$11,265$10,343
7 years$12,108$11,295$10,535$9,825$9,162$8,278
8 years$10,487$9,682$8,934$8,242$7,600$6,756
9 years$9,228$8,430$7,695$7,020$6,401$5,594
10 years$8,220$7,430$6,709$6,051$5,454$4,684
11 years$7,397$6,615$5,906$5,267$4,690$3,958
12 years$6,711$5,937$5,242$4,619$4,065$3,368
13 years$6,131$5,365$4,683$4,078$3,544$2,883
14 years$5,635$4,877$4,208$3,620$3,107$2,480
15 years$5,205$4,455$3,799$3,229$2,736$2,142
16 years$4,829$4,088$3,444$2,891$2,418$1,856
17 years$4,498$3,765$3,134$2,597$2,144$1,613
18 years$4,204$3,479$2,861$2,341$1,906$1,405
19 years$3,941$3,224$2,619$2,115$1,699$1,227
20 years$3,705$2,996$2,404$1,916$1,518$1,073
21 years$3,491$2,790$2,211$1,739$1,358$940
22 years$3,297$2,605$2,038$1,581$1,217$825
23 years$3,121$2,436$1,882$1,440$1,093$724
24 years$2,959$2,283$1,740$1,313$982$637
25 years$2,810$2,142$1,612$1,199$884$560
26 years$2,673$2,013$1,495$1,096$796$494
27 years$2,547$1,895$1,388$1,004$718$435
28 years$2,429$1,785$1,290$919$648$384
29 years$2,320$1,684$1,201$843$585$338
30 years$2,219$1,591$1,119$774$528$299
31 years$2,124$1,504$1,043$711$478$264
32 years$2,035$1,423$973$653$432$233
33 years$1,952$1,347$908$601$391$206
34 years$1,874$1,277$849$553$354$182
35 years$1,800$1,211$794$509$321$161
36 years$1,731$1,150$742$469$291$142
37 years$1,666$1,092$695$432$263$126
38 years$1,604$1,038$651$398$239$111
39 years$1,546$987$610$367$217$98
40 years$1,490$939$571$338$196$87
41 years$1,438$894$536$312$178$77
42 years$1,388$851$503$288$162$68
43 years$1,340$811$472$266$147$60
44 years$1,295$773$443$246$133$53
45 years$1,252$737$416$227$121$47
46 years$1,211$703$390$210$110$42
47 years$1,172$671$367$194$100$37
48 years$1,134$641$345$179$91$33
49 years$1,098$612$324$165$82$29
50 years$1,064$584$305$153$75$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,090,000, adding $3,620 every year, while hoping to spend $35,212 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: 28/48/24 Blend
66$1,090,000$1,090,000$1,090,000$1,090,000
67$1,204,914$1,147,144$1,130,249$1,229,521
68$1,290,350$1,165,889$1,130,647$1,267,897
69$1,383,320$1,184,372$1,129,878$1,305,771
70$1,484,556$1,202,543$1,127,866$1,345,732
71$1,594,862$1,220,349$1,124,532$1,387,982
72$1,715,125$1,237,733$1,119,790$1,432,745
73$1,846,318$1,254,632$1,113,553$1,480,268
74$1,989,514$1,270,981$1,105,729$1,530,827
75$2,145,895$1,286,710$1,096,222$1,584,727
76$2,316,761$1,301,743$1,084,929$1,642,306
77$2,503,542$1,316,000$1,071,746$1,703,939
78$2,707,815$1,329,396$1,056,561$1,770,042
79$2,931,315$1,341,839$1,039,259$1,841,075
80$3,175,951$1,353,231$1,019,716$1,917,549
81$3,443,829$1,363,470$997,807$2,000,029
82$3,737,263$1,372,444$973,398$2,089,142
83$4,058,806$1,380,036$946,348$2,185,580
84$4,411,267$1,386,120$916,514$2,290,112
85$4,797,741$1,390,565$883,742$2,403,588
86$5,221,636$1,393,228$847,872$2,526,948
87$5,686,705$1,393,958$808,738$2,661,235
88$6,197,084$1,392,597$766,166$2,807,601
89$6,757,327$1,388,975$719,974$2,967,320
90$7,372,452$1,382,912$669,970$3,141,803
91$8,047,984$1,374,217$615,956$3,332,610
92$8,790,013$1,362,688$557,724$3,541,466
93$9,605,243$1,348,109$495,058$3,770,279
94$10,501,065$1,330,253$427,729$4,021,157
95$11,485,618$1,308,879$355,502$4,296,432
96$12,567,868$1,283,732$278,128$4,598,681
97$13,757,695$1,254,539$195,351$4,930,752
98$15,065,984$1,221,016$106,899$5,295,792
99$16,504,726$1,182,857$12,491$5,697,280
100$18,087,133$1,139,742$0$6,139,056