Can I retire at age 67 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$93,314$92,483$91,672$90,881$90,108$86,773
2 years$46,195$45,335$44,501$43,693$42,908$39,586
3 years$30,491$29,627$28,795$27,994$27,223$24,018
4 years$22,640$21,779$20,955$20,168$19,416$16,352
5 years$17,931$17,075$16,262$15,491$14,759$11,845
6 years$14,793$13,943$13,142$12,388$11,679$8,916
7 years$12,552$11,709$10,921$10,185$9,498$6,887
8 years$10,872$10,037$9,262$8,544$7,879$5,417
9 years$9,566$8,739$7,978$7,278$6,636$4,318
10 years$8,522$7,703$6,955$6,273$5,654$3,477
11 years$7,668$6,858$6,123$5,460$4,862$2,822
12 years$6,957$6,155$5,434$4,789$4,214$2,305
13 years$6,356$5,562$4,855$4,228$3,674$1,891
14 years$5,842$5,056$4,362$3,753$3,221$1,558
15 years$5,396$4,619$3,938$3,347$2,836$1,288
16 years$5,006$4,238$3,571$2,997$2,506$1,067
17 years$4,663$3,903$3,249$2,693$2,222$886
18 years$4,358$3,606$2,966$2,427$1,976$737
19 years$4,085$3,342$2,715$2,193$1,761$614
20 years$3,841$3,106$2,492$1,986$1,573$512
21 years$3,619$2,893$2,292$1,802$1,408$427
22 years$3,418$2,700$2,113$1,639$1,262$357
23 years$3,235$2,526$1,951$1,492$1,133$299
24 years$3,067$2,366$1,804$1,361$1,018$250
25 years$2,913$2,221$1,671$1,243$916$209
26 years$2,771$2,087$1,550$1,137$825$175
27 years$2,640$1,964$1,439$1,040$744$147
28 years$2,519$1,851$1,338$953$671$123
29 years$2,405$1,746$1,245$874$606$103
30 years$2,300$1,649$1,160$802$548$86
31 years$2,202$1,559$1,081$737$495$72
32 years$2,110$1,475$1,009$677$448$61
33 years$2,024$1,397$942$623$405$51
34 years$1,943$1,324$880$573$367$43
35 years$1,866$1,256$823$527$332$36
36 years$1,795$1,192$770$486$301$30
37 years$1,727$1,132$720$448$273$25
38 years$1,663$1,076$675$413$248$21
39 years$1,602$1,023$632$380$224$18
40 years$1,545$973$592$351$204$15
41 years$1,490$926$555$324$185$12
42 years$1,439$882$521$299$168$10
43 years$1,389$841$489$276$152$9
44 years$1,343$801$459$255$138$7
45 years$1,298$764$431$235$125$6
46 years$1,255$729$405$217$114$5
47 years$1,215$696$380$201$103$4
48 years$1,176$664$357$185$94$4
49 years$1,139$634$336$171$85$3
50 years$1,103$606$316$158$77$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,130,000, adding $4,134 every year, while hoping to spend $45,482 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: 78/13/9 Blend
66$1,130,000$1,130,000$1,130,000$1,130,000
67$1,249,524$1,189,634$1,172,119$1,344,917
68$1,328,583$1,199,534$1,162,993$1,418,057
69$1,414,182$1,208,394$1,152,036$1,491,959
70$1,506,939$1,216,116$1,139,140$1,571,683
71$1,607,536$1,222,595$1,124,190$1,657,789
72$1,716,720$1,227,718$1,107,066$1,750,894
73$1,835,316$1,231,366$1,087,643$1,851,679
74$1,964,228$1,233,413$1,065,789$1,960,892
75$2,104,453$1,233,724$1,041,367$2,079,358
76$2,257,088$1,232,157$1,014,233$2,207,987
77$2,423,337$1,228,559$984,236$2,347,781
78$2,604,528$1,222,769$951,219$2,499,845
79$2,802,123$1,214,618$915,018$2,665,395
80$3,017,728$1,203,922$875,459$2,845,773
81$3,253,113$1,190,491$832,364$3,042,457
82$3,510,226$1,174,121$785,543$3,257,076
83$3,791,211$1,154,595$734,801$3,491,427
84$4,098,429$1,131,685$679,932$3,747,488
85$4,434,480$1,105,148$620,721$4,027,440
86$4,802,226$1,074,729$556,944$4,333,688
87$5,204,817$1,040,155$488,366$4,668,883
88$5,645,725$1,001,140$414,742$5,035,946
89$6,128,771$957,377$335,818$5,438,096
90$6,658,164$908,547$251,327$5,878,883
91$7,238,539$854,308$160,988$6,362,219
92$7,875,002$794,301$64,513$6,892,417
93$8,573,175$728,145$0$7,474,229
94$9,339,252$655,437$0$8,116,588
95$10,180,054$575,751$0$8,828,427
96$11,103,096$488,640$0$9,609,944
97$12,116,656$393,628$0$10,468,188
98$13,229,852$290,213$0$11,410,929
99$14,452,729$177,865$0$12,446,728
100$15,796,352$56,025$0$13,585,022