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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.1%
1 years$90,011$89,209$88,427$87,664$86,918$84,748
2 years$44,560$43,730$42,926$42,146$41,390$39,217
3 years$29,412$28,578$27,776$27,003$26,259$24,152
4 years$21,839$21,008$20,214$19,454$18,728$16,703
5 years$17,296$16,470$15,687$14,943$14,237$12,299
6 years$14,269$13,449$12,677$11,950$11,265$9,416
7 years$12,108$11,295$10,535$9,825$9,162$7,402
8 years$10,487$9,682$8,934$8,242$7,600$5,930
9 years$9,228$8,430$7,695$7,020$6,401$4,817
10 years$8,220$7,430$6,709$6,051$5,454$3,955
11 years$7,397$6,615$5,906$5,267$4,690$3,275
12 years$6,711$5,937$5,242$4,619$4,065$2,730
13 years$6,131$5,365$4,683$4,078$3,544$2,288
14 years$5,635$4,877$4,208$3,620$3,107$1,926
15 years$5,205$4,455$3,799$3,229$2,736$1,627
16 years$4,829$4,088$3,444$2,891$2,418$1,379
17 years$4,498$3,765$3,134$2,597$2,144$1,171
18 years$4,204$3,479$2,861$2,341$1,906$997
19 years$3,941$3,224$2,619$2,115$1,699$850
20 years$3,705$2,996$2,404$1,916$1,518$726
21 years$3,491$2,790$2,211$1,739$1,358$621
22 years$3,297$2,605$2,038$1,581$1,217$531
23 years$3,121$2,436$1,882$1,440$1,093$455
24 years$2,959$2,283$1,740$1,313$982$390
25 years$2,810$2,142$1,612$1,199$884$335
26 years$2,673$2,013$1,495$1,096$796$287
27 years$2,547$1,895$1,388$1,004$718$247
28 years$2,429$1,785$1,290$919$648$212
29 years$2,320$1,684$1,201$843$585$182
30 years$2,219$1,591$1,119$774$528$157
31 years$2,124$1,504$1,043$711$478$135
32 years$2,035$1,423$973$653$432$116
33 years$1,952$1,347$908$601$391$100
34 years$1,874$1,277$849$553$354$86
35 years$1,800$1,211$794$509$321$74
36 years$1,731$1,150$742$469$291$64
37 years$1,666$1,092$695$432$263$55
38 years$1,604$1,038$651$398$239$47
39 years$1,546$987$610$367$217$41
40 years$1,490$939$571$338$196$35
41 years$1,438$894$536$312$178$30
42 years$1,388$851$503$288$162$26
43 years$1,340$811$472$266$147$22
44 years$1,295$773$443$246$133$19
45 years$1,252$737$416$227$121$17
46 years$1,211$703$390$210$110$14
47 years$1,172$671$367$194$100$12
48 years$1,134$641$345$179$91$11
49 years$1,098$612$324$165$82$9
50 years$1,064$584$305$153$75$8

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 $3,801 every year, while hoping to spend $56,556 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: 43/46/11 Blend
66$1,090,000$1,090,000$1,090,000$1,090,000
67$1,205,101$1,147,331$1,130,436$1,252,921
68$1,267,846$1,143,375$1,108,130$1,282,701
69$1,335,095$1,137,329$1,083,182$1,308,947
70$1,407,249$1,129,033$1,055,443$1,336,118
71$1,484,746$1,118,313$1,024,757$1,364,320
72$1,568,067$1,104,987$990,964$1,393,677
73$1,657,741$1,088,862$953,892$1,424,325
74$1,754,348$1,069,734$913,365$1,456,421
75$1,858,526$1,047,386$869,197$1,490,141
76$1,970,975$1,021,587$821,194$1,525,685
77$2,092,465$992,095$769,154$1,563,277
78$2,223,840$958,651$712,865$1,603,169
79$2,366,031$920,985$652,106$1,645,646
80$2,520,060$878,806$586,644$1,691,026
81$2,687,049$831,811$516,240$1,739,667
82$2,868,234$779,676$440,640$1,791,971
83$3,064,974$722,060$359,582$1,848,386
84$3,278,763$658,603$272,790$1,909,416
85$3,511,245$588,923$179,977$1,975,623
86$3,764,229$512,617$80,843$2,047,637
87$4,039,705$429,259$0$2,126,158
88$4,339,862$338,400$0$2,214,900
89$4,667,111$239,564$0$2,322,124
90$5,024,103$132,250$0$2,439,347
91$5,413,758$15,927$0$2,567,695
92$5,839,290$0$0$2,708,421
93$6,304,236$0$0$2,918,579
94$6,812,491$0$0$3,157,255
95$7,368,342$0$0$3,418,417
96$7,976,511$0$0$3,704,300
97$8,642,196$0$0$4,017,365
98$9,371,121$0$0$4,360,322
99$10,169,590$0$0$4,736,155
100$11,044,546$0$0$5,148,153