Can I retire at age 67 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$94,140$93,302$92,483$91,685$90,905$89,881
2 years$46,604$45,736$44,895$44,079$43,288$42,257
3 years$30,761$29,889$29,050$28,242$27,464$26,458
4 years$22,841$21,972$21,141$20,347$19,587$18,614
5 years$18,090$17,226$16,406$15,628$14,890$13,953
6 years$14,924$14,066$13,259$12,498$11,782$10,882
7 years$12,663$11,813$11,018$10,275$9,582$8,719
8 years$10,968$10,126$9,344$8,620$7,949$7,123
9 years$9,651$8,816$8,048$7,342$6,694$5,905
10 years$8,597$7,771$7,017$6,329$5,704$4,951
11 years$7,736$6,918$6,177$5,508$4,906$4,188
12 years$7,019$6,209$5,482$4,831$4,251$3,569
13 years$6,413$5,612$4,898$4,265$3,707$3,059
14 years$5,893$5,101$4,401$3,786$3,250$2,635
15 years$5,444$4,660$3,973$3,377$2,861$2,279
16 years$5,051$4,275$3,602$3,023$2,529$1,977
17 years$4,704$3,937$3,278$2,717$2,242$1,721
18 years$4,397$3,638$2,992$2,448$1,994$1,501
19 years$4,122$3,372$2,739$2,212$1,777$1,313
20 years$3,874$3,133$2,514$2,004$1,587$1,150
21 years$3,651$2,918$2,313$1,818$1,420$1,009
22 years$3,448$2,724$2,131$1,653$1,273$886
23 years$3,264$2,548$1,968$1,506$1,143$780
24 years$3,094$2,387$1,820$1,373$1,027$687
25 years$2,939$2,240$1,686$1,254$924$605
26 years$2,796$2,106$1,563$1,147$833$534
27 years$2,664$1,982$1,452$1,050$751$471
28 years$2,541$1,867$1,350$962$677$416
29 years$2,427$1,762$1,256$882$612$368
30 years$2,321$1,664$1,170$809$553$325
31 years$2,221$1,573$1,091$743$500$287
32 years$2,129$1,488$1,018$683$452$254
33 years$2,042$1,409$950$628$409$225
34 years$1,960$1,336$888$578$370$199
35 years$1,883$1,267$830$532$335$177
36 years$1,811$1,202$776$490$304$156
37 years$1,742$1,142$727$451$275$139
38 years$1,678$1,085$681$416$250$123
39 years$1,616$1,032$638$384$226$109
40 years$1,559$982$598$354$205$96
41 years$1,504$935$560$327$186$85
42 years$1,451$890$526$301$169$76
43 years$1,402$848$493$278$153$67
44 years$1,354$808$463$257$139$60
45 years$1,309$771$435$237$126$53
46 years$1,267$735$408$219$115$47
47 years$1,226$702$384$202$104$42
48 years$1,186$670$360$187$95$37
49 years$1,149$640$339$173$86$33
50 years$1,113$611$319$160$78$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $1,140,000, adding $2,409 every year, while hoping to spend $49,149 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: 47/39/14 Blend
66$1,140,000$1,140,000$1,140,000$1,140,000
67$1,258,765$1,198,345$1,180,675$1,312,873
68$1,334,865$1,204,770$1,167,933$1,357,003
69$1,417,080$1,209,862$1,153,118$1,399,643
70$1,505,981$1,213,505$1,136,107$1,444,840
71$1,602,198$1,215,573$1,116,773$1,492,849
72$1,706,421$1,215,935$1,094,984$1,543,955
73$1,819,410$1,214,450$1,070,600$1,598,475
74$1,942,000$1,210,968$1,043,475$1,656,758
75$2,075,110$1,205,332$1,013,458$1,719,195
76$2,219,751$1,197,373$980,388$1,786,216
77$2,377,034$1,186,913$944,100$1,858,300
78$2,548,183$1,173,762$904,418$1,935,980
79$2,734,542$1,157,721$861,160$2,019,842
80$2,937,593$1,138,577$814,137$2,110,541
81$3,158,965$1,116,105$763,148$2,208,798
82$3,400,452$1,090,066$707,986$2,315,417
83$3,664,027$1,060,209$648,433$2,431,284
84$3,951,864$1,026,266$584,262$2,557,383
85$4,266,355$987,953$515,235$2,694,803
86$4,610,133$944,973$441,105$2,844,750
87$4,986,098$897,008$361,614$3,008,559
88$5,397,441$843,723$276,489$3,187,707
89$5,847,679$784,764$185,450$3,383,830
90$6,340,681$719,756$88,202$3,598,736
91$6,880,711$648,304$0$3,834,427
92$7,472,462$569,990$0$4,095,445
93$8,121,104$484,370$0$4,396,122
94$8,832,330$390,978$0$4,726,026
95$9,612,413$289,321$0$5,088,203
96$10,468,258$178,876$0$5,486,018
97$11,407,473$59,094$0$5,923,185
98$12,438,440$0$0$6,403,807
99$13,570,388$0$0$6,962,714
100$14,813,486$0$0$7,604,488