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

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$90,837$90,028$89,238$88,468$87,716$85,387
2 years$44,969$44,131$43,320$42,533$41,769$39,440
3 years$29,681$28,840$28,031$27,251$26,500$24,242
4 years$22,039$21,201$20,399$19,633$18,900$16,731
5 years$17,455$16,622$15,831$15,080$14,368$12,294
6 years$14,400$13,573$12,793$12,060$11,369$9,392
7 years$12,219$11,398$10,631$9,915$9,246$7,366
8 years$10,583$9,771$9,016$8,317$7,670$5,887
9 years$9,312$8,507$7,766$7,084$6,459$4,771
10 years$8,296$7,499$6,770$6,107$5,504$3,908
11 years$7,465$6,675$5,960$5,315$4,733$3,228
12 years$6,773$5,992$5,290$4,662$4,102$2,683
13 years$6,188$5,415$4,726$4,116$3,577$2,243
14 years$5,687$4,922$4,246$3,653$3,135$1,883
15 years$5,253$4,496$3,834$3,258$2,761$1,586
16 years$4,873$4,125$3,476$2,917$2,440$1,340
17 years$4,539$3,799$3,163$2,621$2,163$1,135
18 years$4,242$3,510$2,887$2,362$1,924$963
19 years$3,977$3,253$2,643$2,135$1,715$819
20 years$3,739$3,023$2,426$1,933$1,531$697
21 years$3,523$2,816$2,231$1,755$1,371$594
22 years$3,327$2,629$2,057$1,595$1,228$507
23 years$3,149$2,459$1,899$1,453$1,103$433
24 years$2,986$2,304$1,756$1,325$991$370
25 years$2,836$2,162$1,627$1,210$892$317
26 years$2,698$2,032$1,509$1,106$803$271
27 years$2,570$1,912$1,401$1,013$724$232
28 years$2,452$1,802$1,302$928$654$199
29 years$2,342$1,700$1,212$851$590$170
30 years$2,239$1,605$1,129$781$533$146
31 years$2,143$1,517$1,052$717$482$125
32 years$2,054$1,436$982$659$436$107
33 years$1,970$1,360$917$606$395$92
34 years$1,891$1,289$857$558$357$79
35 years$1,817$1,222$801$513$324$68
36 years$1,747$1,160$749$473$293$58
37 years$1,681$1,102$701$436$266$50
38 years$1,619$1,047$657$402$241$43
39 years$1,560$996$615$370$218$37
40 years$1,504$947$577$342$198$31
41 years$1,451$902$541$315$180$27
42 years$1,400$859$507$291$163$23
43 years$1,353$818$476$268$148$20
44 years$1,307$780$447$248$134$17
45 years$1,264$744$419$229$122$15
46 years$1,222$710$394$211$111$13
47 years$1,183$677$370$195$101$11
48 years$1,145$646$348$180$91$9
49 years$1,109$617$327$167$83$8
50 years$1,074$590$307$154$75$7

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 $4,765 every year, while hoping to spend $54,284 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: 54/33/13 Blend
66$1,100,000$1,100,000$1,100,000$1,100,000
67$1,217,115$1,158,815$1,141,765$1,278,458
68$1,283,503$1,157,839$1,122,256$1,319,744
69$1,354,843$1,154,996$1,100,275$1,358,397
70$1,431,583$1,150,137$1,075,680$1,399,219
71$1,514,215$1,143,104$1,048,326$1,442,428
72$1,603,279$1,133,730$1,018,059$1,488,267
73$1,699,367$1,121,837$984,718$1,537,007
74$1,803,132$1,107,236$948,135$1,588,947
75$1,915,290$1,089,729$908,135$1,644,420
76$2,036,627$1,069,103$864,535$1,703,798
77$2,168,008$1,045,135$817,143$1,767,493
78$2,310,386$1,017,587$765,758$1,835,960
79$2,464,805$986,208$710,170$1,909,709
80$2,632,415$950,733$650,162$1,989,301
81$2,814,483$910,880$585,503$2,075,362
82$3,012,398$866,351$515,955$2,168,585
83$3,227,692$816,832$441,269$2,269,738
84$3,462,049$761,989$361,184$2,379,673
85$3,717,322$701,470$275,428$2,499,335
86$3,995,550$634,904$183,716$2,629,771
87$4,298,979$561,896$85,753$2,772,141
88$4,630,077$482,031$0$2,927,729
89$4,991,564$394,870$0$3,100,564
90$5,386,433$299,949$0$3,302,478
91$5,817,979$196,776$0$3,523,356
92$6,289,830$84,836$0$3,765,177
93$6,805,981$0$0$4,030,127
94$7,370,827$0$0$4,333,850
95$7,989,214$0$0$4,700,190
96$8,666,472$0$0$5,101,511
97$9,408,476$0$0$5,541,306
98$10,221,691$0$0$6,023,423
99$11,113,241$0$0$6,552,099
100$12,090,970$0$0$7,132,000