Can I retire at age 67 with 1,100,000?

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 $1,100,000?

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$90,837$90,028$89,238$88,468$87,716$85,526
2 years$44,969$44,131$43,320$42,533$41,769$39,577
3 years$29,681$28,840$28,031$27,251$26,500$24,374
4 years$22,039$21,201$20,399$19,633$18,900$16,856
5 years$17,455$16,622$15,831$15,080$14,368$12,412
6 years$14,400$13,573$12,793$12,060$11,369$9,503
7 years$12,219$11,398$10,631$9,915$9,246$7,470
8 years$10,583$9,771$9,016$8,317$7,670$5,984
9 years$9,312$8,507$7,766$7,084$6,459$4,861
10 years$8,296$7,499$6,770$6,107$5,504$3,992
11 years$7,465$6,675$5,960$5,315$4,733$3,305
12 years$6,773$5,992$5,290$4,662$4,102$2,755
13 years$6,188$5,415$4,726$4,116$3,577$2,309
14 years$5,687$4,922$4,246$3,653$3,135$1,944
15 years$5,253$4,496$3,834$3,258$2,761$1,642
16 years$4,873$4,125$3,476$2,917$2,440$1,391
17 years$4,539$3,799$3,163$2,621$2,163$1,182
18 years$4,242$3,510$2,887$2,362$1,924$1,006
19 years$3,977$3,253$2,643$2,135$1,715$858
20 years$3,739$3,023$2,426$1,933$1,531$732
21 years$3,523$2,816$2,231$1,755$1,371$626
22 years$3,327$2,629$2,057$1,595$1,228$536
23 years$3,149$2,459$1,899$1,453$1,103$459
24 years$2,986$2,304$1,756$1,325$991$394
25 years$2,836$2,162$1,627$1,210$892$338
26 years$2,698$2,032$1,509$1,106$803$290
27 years$2,570$1,912$1,401$1,013$724$249
28 years$2,452$1,802$1,302$928$654$214
29 years$2,342$1,700$1,212$851$590$184
30 years$2,239$1,605$1,129$781$533$158
31 years$2,143$1,517$1,052$717$482$136
32 years$2,054$1,436$982$659$436$117
33 years$1,970$1,360$917$606$395$101
34 years$1,891$1,289$857$558$357$87
35 years$1,817$1,222$801$513$324$74
36 years$1,747$1,160$749$473$293$64
37 years$1,681$1,102$701$436$266$55
38 years$1,619$1,047$657$402$241$48
39 years$1,560$996$615$370$218$41
40 years$1,504$947$577$342$198$35
41 years$1,451$902$541$315$180$30
42 years$1,400$859$507$291$163$26
43 years$1,353$818$476$268$148$22
44 years$1,307$780$447$248$134$19
45 years$1,264$744$419$229$122$17
46 years$1,222$710$394$211$111$14
47 years$1,183$677$370$195$101$12
48 years$1,145$646$348$180$91$11
49 years$1,109$617$327$167$83$9
50 years$1,074$590$307$154$75$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,100,000, adding $6,991 every year, while hoping to spend $24,837 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: 48/39/13 Blend
66$1,100,000$1,100,000$1,100,000$1,100,000
67$1,219,411$1,161,111$1,144,061$1,273,230
68$1,317,365$1,191,579$1,155,961$1,341,543
69$1,424,477$1,222,708$1,167,427$1,412,537
70$1,541,656$1,254,503$1,178,418$1,489,067
71$1,669,902$1,286,971$1,188,892$1,571,658
72$1,810,315$1,320,115$1,198,803$1,660,889
73$1,964,109$1,353,942$1,208,104$1,757,396
74$2,132,616$1,388,454$1,216,744$1,861,880
75$2,317,309$1,423,654$1,224,671$1,975,114
76$2,519,807$1,459,545$1,231,830$2,097,947
77$2,741,892$1,496,128$1,238,161$2,231,315
78$2,985,530$1,533,403$1,243,604$2,376,250
79$3,252,883$1,571,369$1,248,094$2,533,887
80$3,546,336$1,610,024$1,251,564$2,705,478
81$3,868,513$1,649,366$1,253,942$2,892,399
82$4,222,306$1,689,390$1,255,154$3,096,168
83$4,610,901$1,730,091$1,255,121$3,318,459
84$5,037,808$1,771,459$1,253,762$3,561,113
85$5,506,891$1,813,488$1,250,991$3,826,161
86$6,022,411$1,856,166$1,246,716$4,115,838
87$6,589,059$1,899,480$1,240,843$4,432,608
88$7,212,004$1,943,416$1,233,272$4,779,188
89$7,896,942$1,987,957$1,223,901$5,158,568
90$8,650,147$2,033,084$1,212,618$5,574,045
91$9,478,533$2,078,775$1,199,311$6,029,252
92$10,389,714$2,125,006$1,183,859$6,528,191
93$11,392,084$2,171,751$1,166,138$7,075,274
94$12,494,888$2,218,978$1,146,015$7,675,361
95$13,708,313$2,266,655$1,123,353$8,333,810
96$15,043,585$2,314,745$1,098,009$9,056,524
97$16,513,071$2,363,207$1,069,833$9,850,008
98$18,130,398$2,411,998$1,038,666$10,721,431
99$19,910,582$2,461,069$1,004,344$11,678,694
100$21,870,167$2,510,368$966,696$12,730,504