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%16.2%
1 years$90,837$90,028$89,238$88,468$87,716$85,491
2 years$44,969$44,131$43,320$42,533$41,769$39,543
3 years$29,681$28,840$28,031$27,251$26,500$24,341
4 years$22,039$21,201$20,399$19,633$18,900$16,825
5 years$17,455$16,622$15,831$15,080$14,368$12,382
6 years$14,400$13,573$12,793$12,060$11,369$9,475
7 years$12,219$11,398$10,631$9,915$9,246$7,444
8 years$10,583$9,771$9,016$8,317$7,670$5,960
9 years$9,312$8,507$7,766$7,084$6,459$4,838
10 years$8,296$7,499$6,770$6,107$5,504$3,971
11 years$7,465$6,675$5,960$5,315$4,733$3,286
12 years$6,773$5,992$5,290$4,662$4,102$2,737
13 years$6,188$5,415$4,726$4,116$3,577$2,292
14 years$5,687$4,922$4,246$3,653$3,135$1,928
15 years$5,253$4,496$3,834$3,258$2,761$1,628
16 years$4,873$4,125$3,476$2,917$2,440$1,378
17 years$4,539$3,799$3,163$2,621$2,163$1,170
18 years$4,242$3,510$2,887$2,362$1,924$995
19 years$3,977$3,253$2,643$2,135$1,715$848
20 years$3,739$3,023$2,426$1,933$1,531$723
21 years$3,523$2,816$2,231$1,755$1,371$618
22 years$3,327$2,629$2,057$1,595$1,228$529
23 years$3,149$2,459$1,899$1,453$1,103$453
24 years$2,986$2,304$1,756$1,325$991$388
25 years$2,836$2,162$1,627$1,210$892$332
26 years$2,698$2,032$1,509$1,106$803$285
27 years$2,570$1,912$1,401$1,013$724$245
28 years$2,452$1,802$1,302$928$654$210
29 years$2,342$1,700$1,212$851$590$180
30 years$2,239$1,605$1,129$781$533$155
31 years$2,143$1,517$1,052$717$482$133
32 years$2,054$1,436$982$659$436$114
33 years$1,970$1,360$917$606$395$98
34 years$1,891$1,289$857$558$357$85
35 years$1,817$1,222$801$513$324$73
36 years$1,747$1,160$749$473$293$63
37 years$1,681$1,102$701$436$266$54
38 years$1,619$1,047$657$402$241$46
39 years$1,560$996$615$370$218$40
40 years$1,504$947$577$342$198$34
41 years$1,451$902$541$315$180$29
42 years$1,400$859$507$291$163$25
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$16
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$10
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 $4,641 every year, while hoping to spend $46,328 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: 63/31/6 Blend
66$1,100,000$1,100,000$1,100,000$1,100,000
67$1,216,987$1,158,687$1,141,637$1,292,102
68$1,291,827$1,166,170$1,130,589$1,350,214
69$1,372,748$1,172,467$1,117,619$1,407,764
70$1,460,322$1,177,471$1,102,612$1,469,390
71$1,555,175$1,181,068$1,085,450$1,535,483
72$1,658,000$1,183,137$1,066,010$1,606,477
73$1,769,555$1,183,550$1,044,160$1,682,847
74$1,890,676$1,182,170$1,019,765$1,765,123
75$2,022,280$1,178,852$992,683$1,853,884
76$2,165,379$1,173,442$962,764$1,949,775
77$2,321,084$1,165,777$929,853$2,053,503
78$2,490,618$1,155,684$893,787$2,165,853
79$2,675,328$1,142,979$854,396$2,287,687
80$2,876,694$1,127,467$811,500$2,419,961
81$3,096,346$1,108,943$764,915$2,563,728
82$3,336,079$1,087,187$714,446$2,720,150
83$3,597,868$1,061,968$659,888$2,890,511
84$3,883,887$1,033,040$601,031$3,076,227
85$4,196,530$1,000,145$537,652$3,278,863
86$4,538,431$963,008$469,518$3,500,144
87$4,912,493$921,337$396,389$3,741,975
88$5,321,910$874,825$318,011$4,006,460
89$5,770,200$823,147$234,120$4,295,918
90$6,261,238$765,959$144,440$4,612,910
91$6,799,290$702,897$48,685$4,960,263
92$7,389,054$633,575$0$5,341,095
93$8,035,706$557,589$0$5,762,273
94$8,744,945$474,507$0$6,227,718
95$9,523,048$383,877$0$6,738,519
96$10,376,931$285,219$0$7,299,323
97$11,314,209$178,026$0$7,915,252
98$12,343,273$61,764$0$8,591,957
99$13,473,365$0$0$9,335,671
100$14,714,665$0$0$10,175,145